Dealing with interest is haram Dealing with interest (riba) is haram. Some might not consider this haram, but it is completely prohibited, because Allah Almighty stated in the Quran, in Surat al Baqarah: Allah has made trading lawful and forbidden usury (2:275) The prohibition of taking interest is very clear not only from the Quran…
Charity – expect your reward from Allah alone In Surat al Baqarah, Allah talks about infaq – spending, giving for Allah’s sake. When you give in charity, you only expect reward from Allah. Giving for Allah’s sake means you give for free – you don’t give because you are expecting anything back. When you give…
So give your relative his right, as well as the needy and the traveller. That is best for those who desire the face [i.e., approval] of Allah, and it is they who will be the successful. (30:38) Success lies in being good to your family Here Allah Almighty is giving us a formula for success….
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…
Where’s the halal? ‘…They say trade is but like riba,’ while Allah has permitted trade, and prohibited riba. So, whoever receives an advice from his Lord and desists (from indulging in riba), then what has passed is allowed for him, and his matter is up to Allah… (2:275) No good is there in much of…
The Concept of Gradualism Tadarruj or gradualism is the introduction of a concept over a period of time so that it is not overwhelming in the first instance. Though we have all the rulings now, and see Islam as black and white package of halal and haram, it is worth remembering that the Quran was…
THE LOW DOWN ON BORROWING AND LENDING What Everyone Should Know A loan is a loss on paper. The lender has no access to that money until it is repaid. Yet there are times when we need to borrow and others when we are in a position to lend. In fact, the Prophet (peace…
Managing Wealth How much do we actually need? How much do we waste and how much do we save? A prudent person should cover their basic needs, spend and lend and then invest in our future generations. Bill Gates is a modern example of generosity and philanthropy. Within our Islamic history we have the instructive…
Stuck between a Rock and Hard Place. Confused.com …about Mortgages, Insurance and Banking The Dangers of Riba Riba literally means increase. Known widely as ‘interest’ and ‘usury’, it is the charge levied for ‘using’ money. In other words, it is where one party makes a profit through lending to another party. It is the increase…
RIBA – Worse Than Any Other Vice Neither Wrong Nor Be Wronged What is riba? How bad is it? Why did Allah Almighty ban it? Finance is so complicated now. Aren’t times different now from then. Do the ayahs on riba still apply today? At the time the Qur’an was revealed, an atmosphere of greed and…
What Causes Du’as to be Rejected? Check Yourself When people are afflicted naturally they turn to Allah Almighty for relief. Some times that relief is not granted. I am frequently asked: How do I know if I am being tested or punished? The answer to this question lies with you. You need to analyse why an affliction…