Islamic economics is a system of economic principles and practices that align with the teachings of Islam. It emphasizes ethical behavior, social justice, and the welfare of the community. Key concepts include the prohibition of riba (usury), the encouragement of zakat (charitable giving), and the promotion of risk-sharing in financial transactions. This economic framework aims to create a balanced society where wealth is distributed fairly. It also encourages investments in socially responsible projects and prohibits activities that harm individuals or society, such as gambling and excessive speculation. Overall, Islamic economics seeks to harmonize material and spiritual well-being.