The basic and most fundamental precept of Islam in the area of economics is that all resources that our economic system relies upon are created by Allah. He alone has the ability to make these resources of benefit to us and He alone has allowed us as human beings to benefit from these resources.
This point becomes very clear when one reflects upon the following verses of the Qur’an.
“It is He Who has made the earth manageable for you, so traverse ye through its tracts and enjoy of the Sustenance which He furnishes: but unto Him is the Resurrection.” (Qur’an 67: 15)
“And it is He who spread out the earth, and set thereon mountains standing firm and (flowing) rivers: and fruit of every kind He made in pairs, two and two: He draweth the night as a veil o’er the Day. Behold, verily in these things there are signs for those who consider!” (Qur’an 13: 3)
“It is He Who hath created for you all things that are on earth; Moreover His design comprehended the heavens, for He gave order and perfection to the seven firmaments; and of all things He hath perfect knowledge.” (Qur’an 2: 29)
“It is We Who have placed you with authority on earth, and provided you therein with means for the fulfilment of your life: small are the thanks that ye give!” (Qur’an 7: 10)
“See ye the seed that ye sow in the ground? Is it ye that cause it to grow, or are We the Cause?” (Qur’an 56: 63-64)
Source: Mawdudi, Abul Ala. Muashiat-e-Islam. 11th ed. Karachi: Ma’araf Islami, 1986. 69-70