Abstract
The contour of an Islamic economy is one where everyone who is able works hard. Economic, social, and political affairs are conducted with the goal of removing barriers to the progress of all humans and in full compliance with rules. Knowing that they are responsible and accountable, individually and collectively, they invest allegiance in a legitimate authority to carry out their affairs, with the legitimacy of the authority established by rule-compliance. The rule “commanding the good and forbidding evil,” assures that leaders are selected by the community and are answerable for their actions; and leaders acquire legitimacy by being more rule-compliant than members of the community. In turn, this capstone rule assures the full and active participation of all in the affairs of society. The existence of absolute and relative poverty, along with significant income inequality, is evidence of rule-violation and governance failure, for which members of society are, individually and collectively responsible.
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