Taking a loan (debt) is a form of mu'amalat (social and economic dealings) that is allowed by the Islamic Shari'ah to its adherents in facilitating their daily affairs. There are several conditions that have been stipulated by Muslim scholars upon the debtor and creditor so that such provision that is allowed in Islam does not get abused. Islam deems debt as a practice that is permissible when there arise genuine need and significance.....
The Wisdom Of Giving
Wealth is something that is desired by humans. In attaining wealth, at times friends become foes. Because of wealth, siblings would turn against each other. Due to the greed for wealth, one forgets about halal and haram. While engrossed in attaining wealth, the ibadah (worship) unto Allah gets neglected. These are among the challenges pertaining to wealth.......
Kitab Al-Kasb Series (Part 37): Prohibition of Conceit, Bragging and Vying for More.
A conceit is forbidden, for it is narrated that the Prophet has said to al-Miqdad in respect of a garment that he wore, "Beware of conceit" [Narrated by al-Nasa'i, Ibn Majah and al-Bukhari]. In another hadith, "And sufficiency is not censured."....
Can You Invest with Borrowed Money?
I want to know whether it is permissible to borrow money for investments. Does Allah forbid us from buying goods or making investments (even if they are halal) using borrowed money, or does He stop us only from borrowing haram funds? Please, clarify the principle involved here, since I am unclear whether to borrow or not, for halal investments from halal sources?
What Should Not Be Included in Zakat Payment?
The rights of property owners must be considered when their properties are subjected to zakat. The best items are not to be taken as zakat unless the owners freely permit it. Likewise, the rights of the poor should be considered.....
How to judge your work
Food for your thought…
When peacocks are hatched, they are ugly grey balls of fluff. When you snap a Polaroid, it is grey, then murky, washed out. When a baker puts a cake in the oven, it is runny, mealy, and inedible. A great burgundy goes into the bottle as grape juice. When a marathoner crosses the finish line, her body is depleted, her heart is erratic, her brain is mush. When you are clinging to the side of a mountain, your face pressed against the granite — you can’t see its shape against the sky, its majesty.
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Ethics and Finance
Ethics vs Money
A key component of workplace ethics and behavior is integrity, being honest and doing the right things at all times. When it comes to ethics in the field of finance, ethical behavior is so important because finance involves the management of other people’s capital. Ethics in finance is one of the main things which everyone has to follow from the small, medium, and big level company because almost all the country depend upon the financial background of the country because without financial component, no business can run for a long time. The assumption of modern financial-economic theory runs counter to the ideas of honesty, devotion, dependability and loyalty. Ethics in finance may vary from different industries to different but everyone is liable to do their work at utmost good faith. People who are involved in finance activity have to serve both their company and their customers at utmost good faith.
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Solves the Problem of Begging
The religion of Islam is designed to guarantee the establishment of a noble as well as a virtuous society where the rich and the poor, the well-off and the needy, and the powerful and the powerless can safely coexist. Members of this Islamic society are remarkably characterized by lofty feelings be them rich or poverty-stricken.....
Zakat on Trade.
The majority of scholars among the companions, the followers, the generation after them, and the jurists who came subsequently held that zakat on merchandise is compulsory. Abu Dawud and al-Baihaqi relate that Samurah ibn Jundub reported: "The Prophet used to command us to pay sadaqah from [the goods] we had for sale." Ad-Daraqutni and al-Baihaqi relate that Abu Zharr reported the Prophet saying: "There is sadaqah on camels, sheep, cows, and house furniture." Ash-Shaf'i, Ahmad, Abu 'Ubaid, ad-Daraqutni, al-Baihaqi, and 'Abd ur-Razzaq relate that Abu 'Amr ibn Hammas reported from his father that he said: "I used to sell leather and containers. Once, 'Umar ibn al-Khattab passed by me and said: 'Pay the sadaqah due on your property.' I said: 'O Commander of the Faithful, it is just leather.' He replied: 'Evaluate it and then pay its due sadaqah.' ".....
Kitab Al-Kasb Series (Part 36): Types of Squandering in Food.
There are various ways of squandering food. These include eating beyond satiety, for the Prophet says, "A son of Adam does not fill a vessel eviler than his stomach. If he cannot avoid it, then (let it be filled) one third with food, one third with drink, and one third with the breath" [Narrated by al-Tirmidhi, Ibn Majah and Ahmad]. And the Prophet says, "A few small morsels are enough for the son of Adam to fortify his backbone" [Narrated by al-Tirmidhi, Ibn Majah and Ahmad]. And he says, "There is no censure on sufficiency" [Narrated by Muslim, al-Tirmidhi, and Ahmad]....
