Economic crisis and the economic model of the Prophet's ﷺ biography

Economic crisis and the economic model of the Prophet's ﷺ biography
Economic crisis and the economic model of the Prophet's ﷺ biography
(Dr Zahoor Ahmed Dansih)
In today’s turbulent global environment, ongoing conflicts have significantly destabilized economies, leading to inflation, unemployment, currency devaluation, and financial uncertainty. These challenges highlight the imbalance in modern economic systems and the urgent need for a sustainable and ethical model.
۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔
This article presents the economic framework derived from the Seerah of حضرت محمد ﷺ as a comprehensive solution. It emphasizes key principles such as fair wealth distribution, financial discipline, social welfare, and ethical business practices, which were practically implemented in the State of Madinah.
۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔
The study also connects these timeless principles with contemporary economic strategies, including minimalism, community-based financial support systems, digital skills development, small business initiatives, and interest-free financial models. Furthermore, it highlights the importance of hope, resilience, and trust in God as essential psychological strengths during economic hardship.
۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔
The article concludes that adopting the Prophetic model not only helps individuals and societies navigate economic crises but also fosters a balanced, just, and sustainable economic system for long-term stability and prosperity.