All Entries in the "Shariah & Business" Category
The goals and purposes of Shariah in business transactions.
This is a continuation of our ‘ Fiqh of Business Transactions’ series, originally taught by Sheikh Tawfique Chowdhury in his Real Deal course held on Birmingham last year.
In the first part of this compilation we went through a prelude of Business Regulations in the shariah. We began with ‘Pillars of a business transactions’ and now [...]
Fiqh of Business Transactions In Islam – Pillars of Business
A while back we mentioned that a member of our Team attended a 2 day course called ‘The Real Deal’ focusing on ‘The Fiqh of Business Transactions’ taught by Sheikh Tawfique Chowdhury. We would like to carry on sharing with you the notes we took during this fantastic eye opening course and we continue the [...]
12th way of increasing your earnings
Showing Kindness to the Poor
Showing kindness and mercy to the poor and needy in society is another way a person can increase his sustenance and wealth. This is because Allah ’s blessings shower upon a society due to its poor and helpless people among them.
The Prophet SAW said: “ Find me amongst your weak, because [...]
The Importance of a Writen Contract
Allah says:
Deal not unjustly, and you shall not be dealt with unjustly. [Al Qur'an 2:279]
O you who believe! When you deal with each other in transactions involving future obligations in a fixed period of time, reduce them to writing. Let him who incurs the liability dictate, but let him fear his Lord God, and [...]
Entering into a partnership with a person
Taken from the book entitled: Entering into a partnership with a person who deals with bribes and riba by Muhammad Salih Al-Munajjid
If a person earns money in haraam ways such as riba, bribes, stealing and cheating, etc., and his wealth is a combination of halaal and haraam, then it is valid to do business with [...]
The Fiqh of Business Transactions
Buying and selling is undoubtedly permissible in Islam however, Allah and His Prophet (saw) have told us to be mindful and honest in our dealings:
Allah say in The Glorious Qur’an
And Allah has made business transactions permissible (Quran 2.275)
And take witnesses when you buy and sell (Quran 2.282)
Except transactions done based on mutual [...]
2 Hadith: Islam & Business
Two beautiful hadith about conducting business in Islam
The Prophet Muhammad said:
An honest and truthful businessman shall be in the shade of the throne of Allah . (Al-Isbihani)
Prophet Muhammad said
Whosoever sells a defective product without disclosing its defect to the purchaser, shall earn the permanent anger of Almighty Allah and the angels continuously [...]
11th way of increasing your earnings
Being Honest in One’s Dealings
Another way to increase your wealth is by being honest and truthful in your dealings and transactions with other people. When a person is God fearing and strives to be honest and fair in his transactions when earning his wealth Allah will bless him in his transactions and cause [...]
