Starting the Development of an Interest-Free Economy (Part 2)

The basic resources of Islamic law or fiqh do not provide express answers to each and every problem emerging out of modern conditions. However, they have laid down a set of principles on the basis of which one can find the answer to questions arising out of new problems. But the application of those principles to new situations requires a deep study of both Islamic jurisprudence and the modern pattern of human life. The exercise can only be undertaken by those individuals who are well-versed in Islamic jurisprudence and are also well-acquainted with modern economic problems.....

Al-Quran Utamakan Pembangunan Ekonomi dengan Zakat

Zakat ialah rukun Islam ketiga seleas mengucap dua kalimah syahadah dan menunaikan solat. Ia disebut sebanyak 32 kali (26 ayat) dalam al-Qur’an. Ia biasanya disebut beriringan dengan solat. hanya terdapat satu ayat sahaja di mana zakat disebut tanpa solat, iaitu ayat 7 Surah al-Fussilat. Penyebutannya selepas solat menunjukkan betapa eratnya hubungan anatara menunaikan solat dengan mengeluarkan zakat....

The Creed and Moral of the Islamic Economic System.

The basic creed that promotes Islamic economic behaviour evolves from the Islamic concept of God, Allah, with the attributes ascribed to Him. Thus, acknowledging of Him the attribute Al-Malik (the absolute Owner of all) or Al-Rahim (who gives blessings and prosperity, particularly to those who use these gifts as He has permitted) contributes towards building up a Muslim mind....

Zakat, The 3rd Pillar of Islam, and its Advantages in Malaysia

Zakat from the language point of view is clean, pure, grow and prosper. Zakat can also be interpreted as an act of mercy, kindness, purification and improvement. Zakat is one of the five pillars of Islam. Zakat is the 3rd pillar after prayers (Some say fasting is 3rd pillars of Islam, but according to the following hadith, zakat it is the 3rd pillar of Islam....

An Assortment of Cups: A Story

A group of working adults got together to visit their University lecturer. The lecturer was happy to see them. The conversation soon turned into complaints about stress in work and life. Then, the lecturer went to the kitchen to get an assortment of cups - some porcelain, some in plastic, some in a glass, some plain looking and some looked rather expensive and exquisite.

Zakat on Rented Land?

Based on one view, zakat is obligated on land and its output when land is rented to the farmer for a given amount of money or any commodity. It (the 10% or 5%) becomes due from the owner, according to Abu Hanifah. He argues that zakat, though usually collected from the output, is, in fact, a levy on the land. In renting, the land remains owned by the owner and not by the user, and since zakat is a charge on the land, similar to kharaj (a type of individual Islamic tax on agricultural land), it is the owner’s responsibility to pay it. Renting is like farming, a sort of increase in the land, and out of this increase zakat is paid [Refers Al-Mughni and Fathul Qadir] While, from another view, which the opinion of the majority is that zakat is changed to the renter on the grounds that zakat is a levy on the output and not on the land. Consequently, the owner of the output is responsible for zakat. It becomes obvious to us, along with Ibn Rushd, that there is a difference in the concept of zakat.