The entrenchment of an Islamic economic system is aimed at
Answer Details
The entrenchment of an Islamic economic system is aimed at promoting equitable distribution of wealth. This economic system is based on the principles of social justice, fairness, and equality. It emphasizes the concept of zakat (obligatory charity) and prohibits riba (usury or interest), gharar (uncertainty or speculation), and maysir (gambling or lottery). The main objective of an Islamic economic system is to ensure that wealth is distributed equitably among all members of society and that the basic needs of the poor and the needy are met. It also promotes entrepreneurship, encourages trade and commerce, and emphasizes the importance of ethical behavior in economic activities.