Dr. Mohad Yaziz Bin Mohd Isa
Humanistic Economy is the human psychology of economy. It is based on twin principles of humans and shared ownership of wealth by people. The Islamic concept of wealth is similar in that it does not belong to humans and rather to Allah (SWT) and its one’s effort to earn is rewarded by Him. Capital can be seen in economy as a principle of justice in terms of human participation and distribution of wealth.
Dr. Yaziz explains the link between humanistic economy and waqf.