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.


My Teacher and I [18]

Value Investing

Value investment.

Always keep track of the companies’ chart movement as well as its financial and business performance.

We do not look into charts only. When you study a company or counter, look into their P&L and shareholders too.

My Teacher and I [17]


The Application of Maqasid al-Shariah in Islamic Finance

According to Ibn Ashur, maqasid al-Shariah (objectives of Shariah) is a term that refers to the preservation of order, achievement of benefit and prevention of harm or corruption, establishment of equality among people, causing the law to be revered, obeyed and effective as well as enabling the ummah to become powerful, respected and confident.

Hifz al mal (preservation of wealth) is one of the most important objectives of the Shariah. The Muslim jurists assert that the concept of hifz al mal goes beyond its literal meaning. It does not mean to preserve the wealth per se, but the concept also covers the encouragement to generate, accumulate, preserve as well as distribute the wealth in a just and fair manner. [click to continue…]


The Objectives of Shari’ah in Sales Transaction

[The original posting can be found at: http://alnaqiy.com/article/the-objectives-of-shariah-in-sales-transaction/]

Islam and the Economic System

Islam differs fundamentally from man-made systems in defining the economic system. In Islamic economic principles, all the wealth belongs to Allah and the human is the trustee of the wealth. Islam as a complete way of life did not set any rulings, be it in ibadah or muamalah, without any means.

For example, when Islam prohibited riba, Islam aims to encourage people to spend and invest which generates economic activity and is healthy for the economy. The more spending and investment, the more jobs are created and more wealth is circulated. [click to continue…]


Bursa Malaysia – i


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/


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…]