Labor / Employees as Shareholders

By Zahid Ikram

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We have huge gap & Economic Disparity in Rich and Poor. The rich get richer and the poor get poorer day by day. We have to eliminate this gap. Like Ryasat-e-Madina, all of citizen of Yasreb (Madina) welcome all the Migrated Muslim of Mekkah, offered them half of their properties and wealth. All permanent workforce of a Business Organization. Factory or Mill shall be given a Comprehensive Profit Shares annually. By getting Profit Share, all employees will have sense of ownership and responsibility and work harder to earn more profits and will return in more Production /Business Growth, it will be win-win conditions for all. as an Islamic Welfare State.

تو قادروعادل ہے مگر تیرے جہاں میں
ہیں تلخ بہت  بندہ مزدور کے اوقات

State shall take the responsibilities for all lower and lower middle class groups for their upbringing and healthy living.  Government shall upgrade and provide all urban facilities to all small living communities (Kachi Abadies) within big cities and Poor Minorities Livings.

All retired employees (Government/Private) must be well taken care by providing with Food, Health and Shelter etc., and also provide their Monthly Pension at their door steps.

جس کھیت سے دہکاں کو میسّر نہیں روزی
اس کھیت کے ہر خوشئہ گندم کو جلا دو
Allama Iqbal

The Total Net Profits of a Company/Industry shall be divided as:

·         All Business must pay 2.5% Zakat for the welfare of families of ex-employees if they have passed away.

·         All Business must contribute 7.5% for Retired Employees, Society Welfare Projects funding and Donations.

·         For Companies /Corporate/Industries earning more than 1 Lac up to 5 Lac Monthly will share their rest of the 90% of Net Income as:

• 50% Profit Shares as bonus to all Employees/ Workers.

•  40% Profit Share for Owners for their families and capital for new business expansions.
  

·         For Companies /Corporate/ Industries earnings from 5 Lac up to 1 Million Monthly will share their rest of the 90% of Net Income as:

• 60% Profit Shares as bonus to all Employees/ Workers.

•  30% Profit Share for Owners for their families and capital for new business expansions.
  

·         For Companies /Corporate/ /Industries earnings above 1 Million Monthly will share their rest of the 90% of Net Income as:

•  70% Profit Shares as bonus to all Employees/ Workers.

•  20% Profit Share for Owners for their families and capital for new business expansions.
  

All Foreign Companies such as Telecom Sector, C-PEC, Chinese Companies, which takes away lots of our National Wealth to Overseas, must have 75% Local Business Shareholders and restrictions on taking away all their profits (Wealth of Pakistan) out of Country to boost our Economy.

All Foreign Companies Shall not allow to Buy Pakistani Land or Properties.