Economic in General Is How the Country Manage Its Own Consumption and Production of Goods and Services

Economic in general is how the country manage its own consumption and production of goods and services. It is also involve in the production process. The economic is also define as the supply of money. The management of money in the country which also indicates the currency rate of the country itself or maybe it is also a state of why there is certain country must spend less due to the economy breakdown for instance.

Transaction is the action buying and selling something between a certain state. Transaction can also indicate the money that is being exchange.

In Islamic terms , there are many ways and also criteria to practice economic activities in the country. One of the characteristic of economy in Islam is that it has to be done in a good way and pleasant or known as halal. Every aspect of economy must avoid batil which is uncertainty in growing the economy. Make sure that the activities is confirm and verified by the Islamic law.

“Who believe in Islam , it is forbidden to take your assets among you by falsehood . except that you are pleased with the trade and do not you suicide yourselves , indeed Allah is the most compassionate merciful.”

(An-Nisa 29 )

There are directives on Islamic terms that in managing an economy it must done fairly and orderly.

“O Believers! Whenever you lend money for a particular period , write and someone among you must write justly. And the one who can write must not refuse”

(Al-Baqara 282 )

Transaction in Islamic terms is that a business man recommended a daily transactions should not be in ignorance and must be within the laws of Shariah. Imam Jaafar Sadiq said that a person who wishes to engage in business , should learn its rues and laws, and if he makes any transactions without learning them , he may suffer because of entering into a void or doubtful transactions.

Meanwhile , there is also a few activities that is prohibited in Islam . Sources of income prohibited in Islam is first gambling , wine and its...