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Q & A on the Real Deal

Fiqh of transaction is one of the topics in Islamic jurisprudence. Learning fiqh of transaction is exciting. It teaches us on how to make a ‘real deal’ with people in daily life 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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This course is organized to equip participants with the simple yet powerful tools to read stock chart and pave the way for successful investment in stock markets, insha-Allah.

Technical Analysis for Professional Investors

Read more on Beberapa Bentuk Urusniaga Saham & Hukum Shariah at: http://zaharuddin.net/pelaburan-&-perniagaan/566-beberapa-bentuk-urusniaga-saham-a-hukum-shariah-updated.html.

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Terjumpa Barang Hilang

Alhamdulillah, artikel Fiqah Muamalat bertajuk Terjumpa Barang Hilang dalam majalah al-Ustaz no. 34 menghuraikan 2 persoalan iaitu:

  1. Seorang kawan terjumpa seutas gelang tangan di dalam tandas awam. Hendak dibiarkan, bimbang akan diambil oleh yang tidak bertanggungjawab. Tetapi jika diambil, bimbang pemiliknya akan datang semula untuk mencarinya. Sudahnya, kami membiarkan sahaja gelang itu di situ. Sepatutnya apa yang harus kami buat?
  2. Saya terjumpa sebuah telefon bimbit. Saya menyimpannya selama beberapa minggu, tetapi tidak mendapat sebarang panggilan atau dituntut. Jadi saya pun menggunakan telefon itu untuk saya sekeluarga mendengar ayat-ayat suci al-Quran, siang dan malam ketika di rumah. Saya merasakan perbuatan saya seperti ada yang tidak kena. Apa yang perlu saya lakukan?

Mudah-mudahan artikel itu memberi manfaat, amin.

Wallahua’lam.

Terjumpa Barang Hilang

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Available at: http://alnaqiy.com/home/article/question-is-scouting-around-for-the-best-hibah-rate-for-deposit-accounts-permissible/

Before answering the question, first we need to understand what the underlying contracts for deposit accounts are. Deposit accounts can be divided into two; savings account and current account.

In Malaysia, savings account offered by Islamic banks is generally under the contract of wadi’ah yad dhamanah (safe keeping with guarantee), mudharabah (profit sharing) and qard (benevolent loan). This article will be focusing on the first contract as it has to do with hibah (gift). [click to continue…]

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There are several factors that cause sharia-based banks to remain relatively stable:

  1. Islamic Banks are more focused on conservative products and avoid exposure to high risk financial instruments.
  2. The principle of Islamic Banks is to maintain the banks’ primary function as a mediator between the parties that are in surplus of funds to those in deficit or in need of funds.
  3. Islamic banks only facilitate and finance real assets.
  4. Speculation and gambling is forbidden. Islamic banks are believed to not be affected by the crisis because its banking system is not involved in trade payables and there is no market speculation.
  5. Because of the profit sharing system, the bank’s management performance should always be considered. If the bank experiences losses then the losses will be borne also by the depositors.
  6. Islamic banks do not borrow funds on the inter bank markets, the funds are derived from their own deposits.
    It is free from speculative and derivative elements.

Read more at: http://www.amuslima.com/new-noteworthy-islam/why-islamic-banks-can-survive-a-financial-crisis-when-compared-to-conventional-banks/

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