Advocates of Islamic economics generally describe it as neither socialist nor capitalist but as a "third way", an ideal mean with none of the drawbacks of the other two systems. Among the assertions made for an Islamic economic system by Islamic activists and revivalists are that the gap between the rich and the poor will be reduced and prosperity enhanced,International Business Success in a Strange Cultural Environment By Mamarinta P. Mababaya p. 203 by such means as the discouraging of the hoarding of wealth,Al-Bukhari Vol 2 Hadith 514 taxing wealth (through zakat) but not trade, exposing lenders to risk through profit sharing and venture capital,Ibn Majah Vol 3 Hadith 2289International Business Success in a Strange Cultural Environment By Mamarinta P. Mababaya p. 202Islamic Capital Markets: Theory and Practice By Noureddine Krichene p. 119 discouraging of hoarding of food for speculation,Abu Daud Hadith 2015Ibn Majah Vold 3 Hadith 2154The Stability of Islamic Finance: Creating a Resilient Financial Environment By Zamir Iqbal, Abbas Mirakhor, Noureddine Krichenne, Hossein Askari p. 75 and other activities that Islam regards as sinful such as unlawful confiscation of land.Al-Bukhari Vol 3 Hadith 632; Vol 4 Hadith 419Al-Bukhari Vol 3 Hadith 634; Vol 4 Hadith 418 Complementing Islamic economics, Islamic entrepreneurship has gained traction, focusing on Muslim entrepreneurs, ventures, and contextual factors at the intersection of Islamic faith and entrepreneurship.
Advocates of Islamic economics generally describe it as neither socialist nor capitalist but as a "third way" an ideal mean with none of the drawbacks of the other two systems. Among the assertions made for an Islamic economic system by Islamic activists and revivalists are that the gap between the rich and the poor will be reduced and prosperity enhanced,International Business Success in a Strange Cultural Environment By Mamarinta P. Mababaya p. 203 by such means as the discouraging of the hoarding of wealth,Al-Bukhari Vol 2 Hadith 514 taxing wealth (through zakat) but not trade, exposing lenders to risk through profit sharing and venture capital,Ibn Majah Vol 3 Hadith 2289International Business Success in a Strange Cultural Environment By Mamarinta P. Mababaya p. 202Islamic Capital Markets: Theory and Practice By Noureddine Krichene p. 119 discouraging of hoarding of food for speculation,Abu Daud Hadith 2015Ibn Majah Vold 3 Hadith 2154The Stability of Islamic Finance Creating a Resilient Financial Environment By Zamir Iqbal, Abbas Mirakhor, Noureddine Krichenne, Hossein Askari p. 75 and other activities that Islam regards as sinful such as unlawful confiscation of land.Al-Bukhari Vol 3 Hadith 632; Vol 4 Hadith 419Al-Bukhari Vol 3 Hadith 634; Vol 4 Hadith 418 Complementing Islamic economics, Islamic entrepreneurship has gained traction, focusing on Muslim entrepreneurs, ventures, and contextual factors at the intersection of Islamic faith and entrepreneurship.