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The key differences between Islamic and Western approaches to economic justice include:

1. **Foundational Principles:**

– **Islamic Approach:** Based on Sharia (Islamic law), which emphasizes ethical guidelines, social welfare, and the prohibition of exploitation (e.g., usury or riba).

– **Western Approach:** Often rooted in secular philosophies, focusing on individual rights, free markets, and capitalism, emphasizing competition and personal gain.

2. **Wealth Distribution:**

– **Islamic Approach:** Advocates for wealth redistribution through mechanisms like zakat (almsgiving) and sadaqah (voluntary charity) to support the poor and promote social equity.

– **Western Approach:** Typically relies on taxation and welfare systems to address inequality, with less emphasis on religious or moral obligations.

3. **Economic Activity:**

– **Islamic Approach:** Encourages ethical investments and prohibits activities deemed harmful (e.g., gambling, alcohol production).

– **Western Approach:** Generally allows for broader market freedoms, emphasizing individual choice without specific ethical constraints.

4. **Social Responsibility:**

– **Islamic Approach:** Strong focus on communal responsibility and social justice, where businesses and individuals are expected to contribute to society.

– **Western Approach:** Emphasizes individual responsibility, with social justice often addressed through government interventions rather than individual obligations.

These differences reflect varying priorities in values, ethics, and the role of religion in economic systems.

Umair Iqbal Answered question November 1, 2024
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