A Qur'anic Model for a Universal Economic Theory

A Qur’anic Model for a Universal Economic Theory 27
(2) "Nor those who are niggardly or enjoin niggardliness on others, or hid the
bounties which God has bestowed on them; for We have prepared for those who resist
Faith a punishment that steep them in contempt." (4:37).
(3) "The unbelievers spend their wealth to hinder (man) from the path of God, and
so will they continue to spend, but in the end they will have only regrets and sighs."
(8:36).
(4) "And there are those who buy gold and silver and spend it not in the way of
God: announce unto them a most grievous penalty." (9:34).
(5) "But he who is a greedy miser and thinks himself self-sufficient and denies
truth, we will indeed smooth for him the path of misery." (92:8-10).
(6) "Do they think that because we have granted them abundance of wealth and
sons, we are hastening for them every good? Nay, but they are unaware (of the trap)."
(23:55-56).
(7) "Those who devour usury will not stand except as stands one whom the Satan
by his touch has driven to madness." (2:275).
(8) "God will deprive usury of all blessings, but will give increase to the deeds of
charity." (2:276).
(9) "What they (unbelievers) spend in the life of this (material) world may be
likened to a wind which brings a nipping frost: It strikes and destroys the harvest of men
who have wronged themselves. It is not God that has wronged them, but they wronged
themselves." (3:117).
(10) "That which ye lay out for increase through the property of (other) people,
will have no increase with God." (30:39).
(11) "And to any that desires the tilth of this world, We grant somewhat thereof,
but he has no share or lot in the Hereafter." (42:30).
(d) Positive actions consistent with the normative ought-to-do
(1) "Those who (in charity) spend of their good by night and by day, in secret and
in public, have their reward with their Lord." (22:74)
(2) "Those who spend (freely), whether in prosperity, or in adversity ... for God
loves those who do good." (3:134).
(3) "Those who when they spend are not extravagant and not niggardly, but hold a
just (balance) between those (extremes)." (25:67).
(4) "But those who before them, had homes (in Medina) and had adopted the
Faith, show their affection to such as came to them for refuge, and entertain no desire in
their hearts for things given to the (latter), but give them preference over themselves,
even though poverty was their (own lot)" (59:9).
(5) "And they feed, for the love of God, the indigent, the orphan, and the captive,
saying, `We feed you for the sake of God alone. No reward do we desire from you, nor
thanks'." (76:8-9).