A Research Study of State Intervention in Economic Affairs in the Light of the Era of Khilāfat-e-Rāshidah

عہدِ خلافتِ راشدہ کی روشنی میں اقتصادی معاملات میں ریاستی مداخلت کا تحقیقی مطالعہ

Abstract

The economic sector is the broadest in human life. Justice moderation and balance are very important in the economic sector. In this context, the state has the right to intervene in economic matters so that the state establishes justice and balance in economic matters. All the responsibilities of the development of economic affairs are imposed on the state. Therefore, the state can monitor the economic affairs by using its powers and can intervene where necessary to maintain moderation. Among the practical steps taken by the Khulafā during their Khilāfat for the welfare of the society, the most important was the guidance of economic matters. Where they saw poverty or immoderation or injustice in economic matters, they corrected the economic matters by using the state powers. In this regard, they formulated such principles for the public interest which can be adopted in the present day to improve the economic affairs. Today the world is suffering from many problems, among which the main problem is the economy, so the action of the state in this matter is seen as very necessary. The Khulafā intervened in economic matters so that people could uphold justice in financial matters, i.e. buying and selling. As the result, there could be no shortage, exploitation, hoarding, fraud, price increase in the market. In the article under review, it has been clarified that the state has the right to intervene in financial matters and its evidence and examples have been presented from the era of the Khilāfat-e-Rāshidah.