Does Islam lean towards socialist or capitalist thought?

Islam is the religion of God and His law. It is the absolute truth by which thoughts, methodologies, and theories are judged. Islamic economics is distinguished by three main pillars that differ from other economic doctrines:

1. The principle of dual ownership: Islam recognizes private ownership, public ownership, and state ownership, allocating a specific field to each form. This is in contrast to capitalism, which primarily believes in private ownership, and socialism, which primarily believes in public ownership. Islam does not consider private or public ownership as the sole rule but accepts their diversity within an authentic doctrinal framework. 2. The principle of economic freedom within a limited scope. 3. The principle of social justice.