Q & A on Fiqh of Transactions

Fiqh of transactions is one of the topics in Islamic jurisprudence. Learning fiqh of transactions is exciting. It teaches us on how to make a ‘real deal’ with people in daily activities such as buying, selling, leasing, sharing etc.

Umar Ibn al-Khattab (may Allah be pleased with him) said:

“No one should sell in our markets except one who has understanding in the religion.” [Al-Tirmidhi]

If you have any questions related to fiqh of transactions, please let me know by sending your private message or leaving your comment here.

Jazakumullahu khayra.

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Bursa Malaysia – i

BursaMalaysiaFeatures

Bursa Malaysia-i is a fully integrated Islamic securities exchange platform with comprehensive range of exchange related facilities including listing, trading, clearing, settlement and depository services, leveraging on the existing Bursa Malaysia infrastructure with enhancements to incorporate Shariah-compliant features.

Bursa Malaysia-i Trading Activities

Investors who wish to experience comprehensive end-to-end Shariah Investing are able to choose to invest in Shariah compliant securities listed on the Main Market and ACE Market of the Exchange through the Bursa Malaysia-i platform by interfacing with Islamic Participating Organisations (Islamic POs).

As at September 2016, there are nine (9) Islamic POs offering Islamic stockbroking services, either on full-fledged or window basis:

Islamic POs

Source: http://www.bursamalaysia.com/market/islamic-markets/products/bursa-malaysia-i/

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The Story of 2.5%

By Sheikh Zoubir Lakhdar Bouchikhi

One day, a very wealthy man was walking on the road. Along the way, he saw a beggar on the sidewalk. The rich man looked kindly at the beggar and asked him why he was begging. The beggar said, “Sir, I’ve been unemployed for a year now. You look like a rich man. Sir, if you’ll give me a job, I’ll stop begging.”

The rich man smiled and said, “I want to help you. But I won’t give you a job. I’ll do something better. I want you to be my business partner. Let’s start a business together. The beggar blinked hard. “What do you mean, Sir? “I own a rice plantation. You could sell my rice in the market. I’ll provide you the sacks of rice. I’ll pay the rent for the market stall. All you’ll have to do is sell my rice. And at the end of the month, as Business Partners, we’ll share in the profits. Tears of joy rolled down his cheeks. [click to continue…]

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In Search of Wealth and Happiness

wealthandhappiness

Anas Ibn Malik narrated that the Messenger of Allah (ﷺ) said:

“Whoever’s concern was the afterlife, Allah makes his richness between his eyes, gathers his inner self, and the worldly life will come to him with compliance. And whoever’s concern was for the worldly life, Allah will make his poverty between his eyes, disunite him and he will not get anything from this worldly life except what has been written for him.” [Sunan Ibn Majah]

May we have a great, wonderful and blessed day ahead, ameen.

Photo credit to Ronin

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Wealth & al-Udhhiyyah (Qurban)

As Muslims, we are required to sacrifice our lives, our souls and wealth in the way of Allah. Allah stated in surah at-Tawbah, verse 20:

“The ones who have believed, emigrated and striven in the cause of Allah with their wealth and their lives are greater in rank in the sight of Allah. And it is those who are the attainers (of success).”

The act of Qurban (for those among us who are able) is part of the category known as wealth sacrifice, but indirectly it also refers to self sacrifice, or sacrifice of the soul. Without one’s own willingness, it would be impossible to give up, or to sacrifice, the things we love and what is important to us. In fact, the performance of Qurban is an act of physical and spiritual worship.

The act of Qurban can also eradicate feelings of greed and selfishness. Next, the act of Qurban can lead to the development of feelings of sharing our blessings with others.

Wallahua’lam.

Jumu’ah Mubarakah!

Friday Khutbah | 02 September 2016

Source: JAWI

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Financial Freedom – What Does It Mean?

financialfreedom

Financial freedom is a concept not only centred on technical aspects or calculation part of money and financial management, but it goes beyond, as it encompasses our personalities, behaviour and ethical values.

A truly financial freedom is achieved when one has the ability to resist and control certain things in dealing with the sources and uses of one’s money, hence partaking the righteous decisions in whatever situation, either in prosperity or in hardship.

The Noble Qu’ran had mentioned about the characteristics of the person who will receive forgiveness and reward from Allah, and these characters include the ability to spend or we can say to deal with his wealth or money freely without been constraint by prosperity or adversity.

The verse reads:

“And hasten to forgiveness from your Lord and a garden as wide as the heavens and earth, prepared for the righteous. Who spend [in the cause of Allah ] during ease and hardship and who restrain anger and who pardon the people – and Allah loves the doers of good.” [Ali Imran 3:133-134]

Source: Money, Greed, And Financial Freedom – Written by Mohamad Azhar bin Hashim

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