Where we are in the series We started this series, Seeking Halal Earnings, a while ago now, a few months back. We began with the book of Imam Muhammad ibn al-Hasan, the student of Abu Hanifah, and the one to whom the Hanafi school is indebted, because he recorded the Hanafi madhhab of Abu Hanifah….
The concept that someone in difficulty is helped by others pooling their money is rewarding; this is why we have the takaful insurance – the cooperation insurance. It’s a good thing. Thus the concept of insurance is not a bad thing, but the there are two elements which make conventional insurance haram: i) the ambiguity…
Are mortgages halal? In Islam usury is clearly forbidden. It is a major sin and is one of the seven gravest ones. Those who commit it are considered as waging war against Allah Almighty and His Prophet (peace be on him). Fiqh Councils throughout the Muslim World state that bank interest is usury. Those who…