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Critical Analysis of Socialism in the Context of Islamic Principles

Abstract

Multiple intellectual movements are here that changed the socio-economic conditions of humankind throughout history. Among these movements, a highly Influential is socialism, which was the most discussed and dominant social and political movement in the 19th and 20th centuries. It affected many thoughts and cultures owing to its impressive materialistic approach. On the other hand, Islam negates socialism’s fundamental principles, and it does not appreciate pure materialistic discourse for the wellbeing of humanity. Islam also provides a social structure for equality and justice for success in this world and the hereafter. This article explains the salient features of socialism which are contrary to Islamic ideas and precepts. Furthermore, the current position of socialism in the world and how Islamic traditions and civilization can be preserved have been discussed. In addition, this article provides a brief overview of the importance of establishing an Islamic "welfare state."