This session provides a comprehensive overview of the Islamic Economic System, focusing on its core philosophical foundations and practical applications in the modern financial world. Participants will explore how Islamic principles offer a unique alternative to conventional systems by prioritizing social justice, risk-sharing, and ethical wealth distribution. Key topics include: The prohibition of Riba (Interest) and Gharar (Uncertainty). The role of Zakat and Waqf in poverty alleviation. Understanding Islamic contracts like Murabaha, Musharaka, and Sukuk. The shift from debt-based to asset-backed financing.