This week's guests of ESAM's 'Wednesday Conferences' was İZU Business and Administrative Sciences Dean Prof. Dr. İbrahim Güran.
Emphasizing that Islamic economics has become a necessity for the whole world, Mr. Yumuşak said, "There has been no such injustice in human history. Those who have the greatest say in the operation of the financial system are the biggest capital owners and change the rule when they are jammed. The principal reason for this is the interest mechanism. Interest is contrary to human nature and Islam."
The Economic and Social Research Center (ESAM) has become traditional Wednesday Conferences this week's guest on 'Islamic Economics in the world and Turkey Progress and Obstacles' issue with Istanbul Sabahattin Zaim University (Izumi) Business and Management Sciences Dean Dr. İbrahim Güran was the soft one. MPs and students attended the program held at ESAM Conference Hall.
We were not in need of a bank 20 years ago to sustain our lives, Yumuşak adding that Islamic economics has continued since the first day Islam spread. But now it's not possible to survive without a bank. Because today we handle all our transactions through banks. In this respect, our aim is to transform these applications into ideal systems. Today we have to do Islamic economics appropriately. We need to be careful when taking some values from the West.
ECONOMY MUST BE ETHICS
He emphasized that the basis of the soft, capitalist system did not conform to Islam and added, "In the Ottoman Empire, there was economic ethics. If the tradesmen had made siftah, they would direct the customer to other shops that did not make siftah (the first sale of the day). In the capitalist system, the customer throws almost all kinds of taps, so that they do not go to the opponent. Here, we try to create brand loyalty with advertising. The expectation of profit does not match our general formation in the capitalist system. It doesn't benefit the consumer either. The West interprets another neighbor as irrational. But this first day is the basis of Islamic economics. We take the good sides of the West, but its definitions do not fit. We must first determine how this model should be," he said.
WORLD NEEDS THE ISLAMIC ECONOMY
In recent years, Turkey's soft voicing being taken important steps in Islamic economics, "There is injustice in income distribution important part of the country. Because the difference between the richest and the poorest countries today is over ninety-fold. The share of 10 percent of the richest incomes has reached to 60 percent today. There are 42 billion family members who took 50 percent of the world's wealth. There was no such injustice in human history. This is not only a threat to Muslims, but also to the whole world. The need for Islamic economy is still continuing. Now, Islamic economics in Turkey, have started to talk in a fair economic order new new universities and research centers. Participation banks have started to increase their activities in Turkey, but Turkey has started it late. Turkey is a good way of fiction, this model has the potential to be a leader of a country with both intellectual experience," he said.
ISLAMIC ECONOMY IS REQUIRED
Islamic economy is a part of Islam, Mr. Yumuşak outlined the principles of the Islamic economy: "Principles should be provided with respect to justice, justice, freedoms, human and state. The main purpose here is to purify the self by eliminating the self. It aims to avoid consumption frenzy. The Islamic economy must ensure the development of all people who will protect the human and the generation. The Islamic economy cannot be independent. They may have similarities with the socialist and capitalist system, but they are independent in terms of purpose, resources and resources. It is an autonomous discipline. If the Islamic economy orders us, we must act accordingly."
Touching upon the social and economic effects of interest, the Soft “involves the danger of social segregation and confrontation. It causes high interest rate effect in countries with high inflation. Those who have the greatest say in the operation of the financial system are the biggest capital owners and change the rule when they are jammed. The principal reason for this is the interest mechanism. It causes war and depression. It is a debt transferred to future generations. It destroys social order and causes poverty. Interest is against human nature and Islam.
THE BARRIERS MUST BE REMOVED
"Islamic economics should develop from practice to theory. There is a weakness of cooperation and brotherhood between Islamic countries. If the Islamic economy is to develop, there is an obligation to act jointly. The economic weakness of Islamic countries should be eliminated. There is no leading and role model country. Other points are deficiencies in beliefs and behaviors. To eliminate them, civil society organizations and academics have to increase the activities that will eliminate this issue," he added.