Business is still a business, all over the world anyone can run their business, no matter what economic system is used, no matter what ideology is espoused, that's the initial assumption.
For example, in a communist economic system, business is still running, but everyone cannot develop as he wishes, without the addition of government interference.
On the contrary, in the capitalist economic system, the business climate is so free, even countries that adopt a capitalist economic system, as much as possible the world market and trade become free without state territorial barriers, without customs and customs trade between countries.
But in contemporary conditions, the communist system seems to have faded, while the capitalist economic system has never been able to stand tall, always beset by economic and financial crises, so it is not really as successful as it seems. Poverty, inequality, crime, hedonistic lifestyles, psychological and psychological problems become everyday life that must be faced in the capitalist economic system.
Indeed, world economic experts and world-class entrepreneurs, are looking for what economic system is most ideal to be able to simultaneously support a stable and sustainable business climate.
Islamic Economic System
Property Ownership
Baitul Mal
Gold and Silver Money
Property Ownership
The Islamic economic system is not like the capitalist economic system or the communist economic system. The source, the Qur'an and the Sunnah, cannot be ignored let alone violated.
The most fundamental problem of the Islamic economic system is the division of ownership i.e. individual ownership, common ownership and state ownership.
The capitalist economic system values individual property so highly that exploiting human beings is not justified in Islam, but also individual property seized by the state is also unjustified.
Baitul Mal
Capital accumulation will be very neutral if placed in institutions that are not for profit, but on the contrary, Baitul Mal institutions ensure that everyone does not experience poverty, has their basic needs met, and has the ability to make money.
Zakat becomes a financial instrument in overcoming basic needs, waqf becomes a source of state development, debt (qardh) becomes the capital of entrepreneurs without usury, with kafalah and hawalah as collateral, infak and alms become emergency instruments, profit sharing becomes an economic and financial instrument that improves the country's economy.
And various other financial instruments managed comprehensively by Baitul Mal in the Islamic political system.
Gold and Silver Money
Money is returned again on real goods of value, so the standard price size becomes stable, there is no speculation game. Money is returned to goods that everyone can use, can be stored according to their needs in the future, without a doubt of inflation.
Money is a tool of justice, so price and economic justice lies in the use of gold and silver money.
Closing
Not a nostalgic story, not a romanticism of the past, let alone a mere utopia, but Islam as a perfect religion, has provided various ways and guidelines for humans in living life in various fields. There is no better word to say a system that understands people very well, including in terms of economic systems and business climates, than the word -Islam-.