National Economic Stability and the Strategy of the Prophet Muhammad (PBUH).

Abstract

The economic well-being of any nation depends on its stability, immobility , and constancy which core principle is justice that is emphatically upheld in the Seerah of the Prophet Muhammad (PBUH) which made it sure that not any part of the society would deprive of wealth and resources. The Prophet Muhammad (PBUH) promoted free trade, implemented economic reforms, taught people business ethics and set roll of the state in this regard. However, this qualitative study by utilizing interdisciplinary research methodology comprises on historical analysis, textual interpretation, and contemporary socio-economic insights provides viable responses to future challenges, paving ways towards a robust, fair and strengthened economic system. It also gives understanding at those elementary strategies that can be implemented to achieve economic stability within a nation based on the life of Prophet Muhammad (PBUH) which provides essential guidance for devising tactics aimed at attaining economic equilibrium within a state. Furthermore, avoiding excessive debt and practicing cautious financial and monetary management are stressed in the Seerah. A framework for the economy that promotes prosperity, equity, and flexibility in the face of adversity can be established by policymakers by placing a strong emphasis on the values of justice, entrepreneurship, social welfare, and commercial prudence.