A Non-Technical Primer on Private Ownership in Islam

Abstract

Islamic economics does not explain production, consumption or investment relationships. Islamic economics is
only a school of thought. In Islamic economics, in contrast with other schools of thought, resources are not
limited. Private ownership in Islam is absolutely respected, but the more an individual owns, the more
responsibility he has to the society. In Islam, everything belongs to God and so the accumulation of wealth is
not a goal, but a source of pleasing God. What individuals consume or give away to charity is what they own.