IRAN: EXPERIMENTING WITH THE ISLAMIC ECONOMY
Renat Bekkin, Ph.D. (Law), lecturer at the Institute (University) of International Relations at the RF Foreign Ministry (Moscow, Russia)
There is the opinion that Iran has been engaged in applying Islamic principles to its economy or, rather, to its financial sector, more consistently than other Muslim countries.
The facts, however, do not completely confirm the above. The people brought to power by the 1978-1979 Islamic Revolution had no clear ideas about economic reforms. The concept of so-called touhid economics proved ill-suited to the profound Islamic-style economic reforms, something that certain clerics insisted on. Eghtesad-Tohidi (Touhid Economics) by Abolhassan Banisadr, which predated the Islamic Revolution by several weeks, put the term into daily use. His popularity made the book well known across the country; it came to be regarded as a twin volume to Khomeini’s classical work Hokumat-e eslami (Islamic Government).
His book described the ideal Islamic society as a model of touhid economics, in which all and everyone are owners of the means of production. Such ownership is limited to the potential of personal labor rather than capital, while high incomes produced outside personal labor are regarded as illegal. All property not based on personal labor should belong to the Islamic state.
The author described the model of Islamic society as a world of effluence which is free from state borders and in which knowledge is cherished as the highest value, and he was convinced that twelve generations could achieve the ideal. In other words, the book offered an ideal model rather than……………..