The Effects of Islamic Economy and Islamic Finance on Social Life

Abstract

Besides the advantages of living together, there may also be disadvantages. When people live together, they benefit from each other in meeting their needs. In other words, people can buy goods and services that they cannot produce themselves from other members of the society. At the same time, people living together harm each other by usurping each other's rights. The religion of Islam has emerged with radical changes compared to the past in terms of ensuring justice in social life. In addition to the rules it brought to the social life of the society, Islam also introduced innovations and rules in the field of economy and finance. When these rules brought by the Islamic religion are followed, justice is achieved in social life and social welfare increases. In the study, Islamic economy and Islamic finance will be mentioned first. Subsequently, the effects of Islamic economy and Islamic finance on social life will be examined.