Capitalist and Labor Relations under Islamic Jurisprudence

Abstract

In the modern world, the issues and challenges between the capitalist
and labor relation have been worth importance from last many years.
Practically speaking, ensuring the rights and obligations of both parties can
eradicate the distances between the two potential economic players.
Explicit clauses of contract can build the confidence level of labor and
capital as well which will further stimulate the level of productivity in the
country rather it will serve as catalyst for the sustainable development. The
Golden means for the capitalist and labor has been highlighted which stem
form the foundation laid down in Quran and Hadiths. The maximum clarity
in the job contract and assurance of the rights and obligations of the
Capitalist and Labor under the umbrella of Islamic Jurisprudence can only
enhance the healthy and growth oriented environment for all the economic
activities. The main stance of the Islam Golden means is interest of one
party must not be escalated on the cost of other party.