Improvement of Economical System with Islamic Shariah

Promote Islamic Banking:
Promote Islamic banking by means of financing for businesses and individuals, which follows the principles of profit and loss sharing rather than interest-based lending.

Implement Zakat and Waqf Systems:
Implement zakat (an Islamic tax on wealth) and waqf (an Islamic endowment) systems to provide resources for social welfare programs and to reduce poverty.

Promote Financial Literacy:
Improve financial literacy among the population by offering education and training programs on Islamic finance and ethical investment practices.

Encourage Ethical Investments:
Promote ethical investments by creating regulations that require businesses to adhere to Islamic business practices and principles, such as avoiding usury (riba), speculative transactions, and unethical business practices.

Foster Ethical Business Practices:
Promote ethical business practices that align with Islamic values, such as fairness, honesty, and transparency, and encourage corporations to engage in corporate social responsibility initiatives.

Encourage Agricultural Development:
Support agricultural development by investing in the sector and promoting sustainable agricultural practices that are in line with Islamic principles of environmental stewardship.

Develop Islamic Capital Markets:
Establish an Islamic capital market, which provides an alternative to traditional stock markets and allows investors to participate in the growth of the economy in a way that is consistent with Islamic principles.
Promote Islamic Microfinance:
Encourage the development of Islamic microfinance programs that provide access to finance for small businesses and low-income individuals and are based on the principles of risk sharing and mutual cooperation.

Encourage Entrepreneurship:
Encourage entrepreneurship in line with Islamic principles by providing access to capital, training and markets for small businesses, as well as promoting social entrepreneurship and corporate social responsibility.

Regulate Financial Markets:
Regulate financial markets to prevent speculative transactions and encourage long-term investments in line with Islamic principles.

Foster Halal Industry:
Support the growth of the halal industry by investing in research and development and promoting exports of halal products, which align with Islamic dietary laws and values.

Foster Economic Justice:
Reduce income inequality and promote economic justice by implementing policies that support the poor and disadvantaged, such as zakat (charity) and other forms of social welfare.

Foster Innovation:
Foster innovation and creativity in the economy by investing in research and development and promoting the development of new industries and export markets.

Encourage Community-Based Development:
Promote community-based development initiatives that aim to address local economic challenges and create job opportunities in line with Shariah principles.