Salaam o Rahmat dear Mu'min Sisters and Brothers,
Respected Dr. Shabbir's quote:
[In the truly Islamic Economic System, no one will have excess money to build or buy rental property..]
Q: In the truly Islamic Economic System, country or society, we pay a tax that can be 20%, more or less and we can also give our surplus money whenever we earn income and whatever is beyond our needs (please correct me if i'm wrong).
The significant question here: Can we be rich (it is not a good word, maybe a high quality family life is a better equivalent) in this system by our hard mental or physical labor (real Halaal earning) and do we have enough legitimate money/wealth to buy high-quality goods as a S-class Benz or a big house in this system when we should pay Zakaat?
Thank you very much.