Iqtisaduna

Our Economy must be seen as the first comprehensive analytic book on economics that is written from an Islamic viewpoint. The book consist of three parts: the two first parts show that Islam has answers to problems of the modern world by presenting an Islamic alternative to both capitalism and socialism. Al-Sadr rejects socialism on the basis that Islam distinguishes between the individual and the ruler in an Islamic state in a manner that requires a distinction between private and public property. However, he also rejects capitalism's notion that private property is justified in its own right, arguing instead that both private and public property originate from God, and that the rights and obligations of both private individuals and rulers are therefore dictated by Islam. He also rejects the conclusion that this makes Islamic economics a mixture between capitalism and socialism, arguing that capitalism and socialism each come about as the natural conclusion of certain ideologies, while Islamic economics comes about as the natural conclusion of Islamic ideology and therefore is justified entirely independently of other systems of economics. ==Reception==

Lawyer Chibli Mallat wrote his comment about Iqtisaduna, on FiveBooks as one of the top five on his subject. He said: "...Al-Sadr reshaped the whole field of Islamic law away from the monstrous idea of it, held by Eastern and Western ignoramuses alike. Iqtisaduna is the greatest illustration of Sadr's aggiornamento – bringing up to date – of classical Islamic law..." Ermin Sinanović, the Director of Research and Academic Programs at the International Institute of Islamic Thought (IIIT), said: It is interesting to note that in Al-Sadr's Iqtisaduna was more dominant in the Arab academic and policy making circles at the time. ==Further reading==