There are rumours that Islamic economic systems exist in developed nations with sizable Muslim populations. I have made an effort to regard the Islamic economic system primarily as a theoretical construct to organize the perspectives of many Islamic social philosophers on various significant concerns with other economic structures. The Holy Quran and modern science serve as their respective grounds, regardless of the many theories linked to these beliefs. In this article, we tried to distinguish between various economic systems, keep concepts straightforward, and explain them all. One of the traits of the capitalist economy is the free competition between suppliers and consumers. The core idea of socialism is a socioeconomic system in which social control owns both money and property. Poverty is one of socialism's unfavourable side effects, despite its ideals encouraging and facilitating corruption at the highest echelons of want-to-be regimes. The unbridled competition of the capitalist system benefits the wealthy while the unfortunate are exploited and endure. Due to its structured and particular knowledge sources, the Islamic economic system, in comparison, is independent of Islamic society, the Islamic state, and even the Islamic people. Islam successfully controls people completely, provides means for them to safeguard their property rights, and promotes both the acquisition of property and the development of moral prosperity. The Islamic economy requires sound management now more than ever. Due to these reasons, the Islamic economic system is a strong candidate to replace both capitalism and socialism. The comparative technique was applied in this essay. In contrast to "the dynamism of capitalism" and "the egalitarianism of socialism," the argument goes, the Islamic economic system has created positive outcomes. This study suggests those countries implement the Islamic economic model because it has been scientifically demonstrated to be superior to other systems. This research imparts an insight to academicians, aspiring researchers, and decision-makers.
The folklore of 43 species of 'medicinal plants' belonging to 27 families was recorded form Leepa Valley, Muzaffarabad. Out of 43 medicinal plants, 4 gymnosperms, 38 angiosperms and 01 fern species were used against different diseases. The major problems cured by 'medicinal plants' were digestive problems (24 spp), dermal system problems (13 sp), hepatic problems (11 spp) and respiratory problems (7 spp). Further, 4 species were used as spices and vegetables and six species recorded have biological activities; whereas joint problems and cardiac problems were treated by 3 species each. Most of the medicinal plants were uprooted by the inhabitants for selling or for local use. The results also indicated that among the recorded species, 44% were used as 'medicinal food plant', 23% as 'medicinal gathered food plant' and 'orally administrated medicinal plant' were 32.56%. The utility of these plants for different purposes posses a great threat to the plant resourses in the area. Huge quantities of MPs were lost every year owing to lack of proper collection, over exploitation and deforestation.
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