Q & A on Fiqh of Transactions

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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 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.

Prinsip Pelaburan Saidina Umar

diversifyyourportfolio

Saidina Umar dari dulu telah memberikan kaedah pelaburan agar tidak meletakkan pelaburan di dalam satu portfolio sahaja (selalu dinyatakan: “Don’t put all your eggs in one basket”. Saidina Umar al-Khattab berkata:

اجعلوا الرأس رأسين، و فرقوا عن المنية، ولا تلثوا بدار معجزة
المصنف لابن أبي شيبة، الفائق للزمخشري، النهاية لابن الأثير، المغرب للمطرزي.

Terjemahannya (lebih kurang): “Jadikan satu kepala kepada dua. (Contohnya 1; Jangan beli satu haiwan dengan harga yang mahal, tetapi gunakan modal yang sama untuk membeli dua haiwan yang mungkin berharga sederhana, jadi kalau mati seekor, kita masih ada lagi seekor dan 2; jangan hanya masuk dalam satu bisnes dan meletakkan semua modal di situ, sebaliknya masuk dalam dua bisnes dengan menjadikan dua modal di dalam dua bisnes, jadi kalau satu rugi, yang satu lagi mungkin boleh mendapat untung), pisahkan harta-harta kamu dan janganlah tetap di satu tempat dan menjadi lemah (maksudnya: bertebaranlah di muka bumi, sama ada merantau mencari rezeki, atau laburkan modal di dalam pelbagai pasaran, jangan hanya tetap di satu tempat. Jika tempat tersebut gagal, kita masih ada bisnes di tempat lain).”

Attention: Di dalam kurungan adalah penjelasan saya kepada kalam Saidina Umar.

– Dr. Aznan Hasan

In Pension Lawful?

Is Pension Lawful

[The original posting can be found at: http://alnaqiy.com/home/article/is-pension-lawful/]

QUESTION 1: As a standard part of my employment in public sector in Malaysia, I will receive pension benefits upon retirement. Is this lawful?

In order for us to answer the question, it is important that we first study the rules and principles of the pension scheme in Malaysia.

Pension can be explained as a fixed amount, other than wages, paid at regular intervals to a person or to the person’s surviving dependents in consideration of past services, age, merit, poverty, injury or loss sustained, etc.[1]

In Malaysia, the legislation provides for a pension scheme which is financed and managed by the Government as an employer for the protection of its employees against various contingencies. Pension benefits form part of their conditions’ of service in the public sector. The Government pension scheme covers employees in the public sector who are on pensionable status. Public sector employees include those employed directly by the government, statutory bodies and local authorities. Employees in the private sector are not included in this scheme.[2] Continue reading