Economic Policies of Prophets; Better Teaching Forflawless Nation Building

Abstract

A stable economy is integral to the survival and balance of a nation. Every citizen builds his life on it. If that gets messed up, everything else goes haywire. Innovative economic systems will help in the progress of the nation. Civilian life will be happy and peaceful. Such economies are the key to the nation's future journey. In most countries that claim economic progress is possible, poverty rates are rising. The financial policies of the holy prophet (pbuh) are an alternative model in a situation where the economic system, which is experiencing leakage and transformation, is sinking into a severe economic depression. The economic policy strategies of the prophet (pbuh) were to prioritize economic growth and welfare issues simultaneously. Madinah, which was not far from the coast, was characterized by a booming agricultural economy. Prophets were bringing this to a favorable state. Agriculture was further encouraged and agriculture was made a better occupation. Prophet Muhammad (pbuh) arrived in Madinah and set his sights on developing an Islamic economy that would make life better and happier for the Answar and the muhajirs of Madinah. The economic revolution made possible by the prophet (pbuh) should be studied a lot for the economy that is facing serious economic challenges and instability. There have not been enough detailed studies about it. This academic paper intends to unveil a thorough study of the economic policies of the prophet (pbuh) as a remedy for economic crises.