In this stage the various occupations of people are agricultural, grazing animals, acquiring the natural products of sea and land such as metals, trees, animals and different industries emerge such as; carpentry, Iron work, weaving etc. There is division of labour and specialization of work among people. The division of labour arises due to diverse needs of people which they cannot satisfy individually. The division of labour and specialization may be on the basis of one‟s ability for doing a particular job or it may be incidental. For Instance; the son of a blacksmith takes the work of Iron work. Similarly, the person living close of the sea may take the profession of fishing. Shah Waliullah emphasizes that one should be very selective in choosing one‟s job. He should not follow the blind tradition of his family. He advises municipal authorities that they should be vigilant to people‟s selection of jobs and should exercise some type of control if necessary to ensure that they do not concentrate on few jobs, leaving the others unattended, and to check engagement of more people in production of luxuries and their involvement in socially undesirable production.

Division of labour and specialization lead to the need of exchange which can be done easily through on object that can be used as medium. This leads invention of money. Thus, it is the second stage of socio-economic development in which the use of money appears. According to Shah Waliullah, money should be a durable object and commonly accepted by people in their transactions.He mentions that Gold and Silver are most suitable to be used as money. They are easily divisible into small pieces, their different units have similarity and are of great benefit to human physique and may serve as adoration. 

While explaining the rationale of Shariah rules for prohibiting wrong ways of earning wealth, Shah Waliullah particularly takes up Grambling and Interest. He notes that gambling amounts to acquiring wealth on the basis of people‟s ignorance, greed, false hopes and exposure to risks and uncertainties produced by these conditions. Similarly, interest is prohibited because; it creates disputes among people and is a source of hatred and envy among them. It also causes decline in agriculture and industry which are fundamental means of earning a living. Shah Waliullah considers interest in lending as the actual one (al-Haqiqi). He also takes note of barter exchange with inequality in terms of quantity or time of delivery termed as Riba al-fadl and Riba al nasiah in the Shariah. He regards 
these interests in similitude (Mahmulalaih). prohibition of this kind of interest is known by a hadith of prophet stating that gold for gold, silver for silver, wheat for wheat, barley for barley, dates for dates salt for salt, be exchanged , the same for some, in equal quantity and hand in hand. Incase these groups are different, and then sell them as you like (with unequal quantity).