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Artikel asal: http://alnaqiy.com/article/berlari-mengejar-rahmat-allah/

Dalam surah At-Taubah, ayat 71, Allah berfirman yang bermaksud: “Dan orang-orang yang beriman, lelaki dan perempuan, setengahnya menjadi penolong bagi setengahnya yang lain; mereka menyuruh berbuat kebaikan, dan melarang daripada berbuat kejahatan; dan mereka mendirikan sembahyang dan memberi zakat, serta taat kepada Allah dan RasulNya. Mereka itu akan diberi rahmat oleh Allah; sesungguhnya Allah Maha Kuasa, lagi Maha Bijaksana.”

Zakat dan Taqwa

Taqwa mempunyai kaitan yang amat rapat dengan keimanan yang teguh kepada Allah, iaitu dengan melaksanakan perintahNya dan meninggalkan segala laranganNya. [click to continue…]


Khutbah Jumaat 23 Rabiulawal 1438h menyimpulkan tiga ciri pendakwah:

  1. Menjaga hubungan dengan Allah
  2. Mengawal hawa nafsu
  3. Mempunyai keyakinan diri

Image: weforum [dot] org


Aset Kukuh Perniagaan

Setiap hari dalam perjalanan balik dari ofis, ada satu papan tanda yang besar.

Pada papan tanda itu, perkataan KEPERCAYAAN (TRUST) dicetak lebih tebal & gelap daripada perkataan lain. Ia menekankan tentang kepercayaan sebagai aset kukuh perniagaan.

Memang membekas melihat iklan itu!

Dan dalam buku ‘Beginilah Rasulullah Berbisnes’, zaman Rasulullah yang aktif dengan aktiviti perniagaan yang jarang disentuh, berjaya diserlahkan dengan cemerlang. Modal utama Rasulullah adalah ‘trust’ (al-amin).

PS: Dream – semasa kecil, angan-angan hendak miliki kedai runcit. Sekarang, cita-cita hendak ‘beli’ bank. InsyaAllah.

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[The original posting can be found at: https://www.islamicbanker.com/articles/aaoifi-shariah-standard-on-gold]

WRITTEN BY Dr. Mohd Daud Bakar

AAOIFI Shariah Standard On Gold Under Development In Collaboration With The World Gold Council And Its Expected Impacts

I have been asked to articulate on why a stand-alone Shariah standard on gold is essential. Many people would have assumed that gold does not deserve a separate Shariah standard in the AAOIFI production house. They have thought that the guiding principles of gold can be provided under, or made reference to, the existing AAOFI Shariah Standard No (1) under the heading of Trading in Currencies as gold has been perceived by the overwhelming majority of the scholars, both classical and contemporary, as carrying the function of currency (al-thamaniyyah). Or at least, many would have thought that the Shariah position on gold will only need one or two pertinent Shariah rulings, namely the requirement of spot transaction and equality of the counter-values if it is exchanged for gold. They are not wrong. [click to continue…]

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‘MenSyariahkan Manusia dan Memanusiakan Syariah’ adalah mesej utama yang disampaikan oleh Datuk Dr Mohd Daud Bakar dalam sesi perasmian.

Dr. menekankan tentang keanjalan Syariah dan bagaimana Syariah seharusnya beriteraksi dengan keadaan semasa.

Syariah adalah kehidupan. Aspek kemanusiaan penting dalam berijtihad. Perlu seimbang dan moden apabila memberi pendapat kepada masyarakat.

Penasihat Syariah adalah pemegang obor Syariah dan penjaga cop mohor fatwa. Mereka mesti bersifat rendah diri dan tidak boleh berlebihan.

Syariah ada tanggungjawabnya. Apa yang kita cakap, kita tutur, kita tulis, ada tanggungjawab. Semua akan dihitung. [click to continue…]


Investing in Stocks

Investing in Stocks by Hadi Rofiee

[The original posting can be found at: http://alnaqiy.com/article/investing-in-stocks/]

When you buy stock, you buy part of the corporation that issued the stock, or offered it for sale in an initial public offering (IPO). As a stockholder, you have equity, or ownership, in the corporation. From an Islamic legal perspective, this is lawful because you become a partner in the business.

Your equity is likely to be small. Most corporation issues millions or billions of shares. As an individual investor, you’re likely to own hundreds or thousands of those shares, equal to just a fraction of 1% the company. But your equity gives you the right to vote on some of the company’s policy decisions and for the board of directors. And you can profit if the stock’s price increases, if the company pays you dividends, or a portion of its profits, or if both of those things happen.[1] [click to continue…]


My Teacher and I [18]

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]


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 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.

The discussion on the prohibition of riba falls under the Islamic law of transactions. The Islamic law of transactions deals with various kinds of transactions which carry with them legal duties undertaken by persons in relation to one with another. For a Muslim, this undertaking, apart from being a legal duty, it is coupled with religious duties. It is a branch of Islamic law of practical application regulating various transactions including sales, leases, hiring, carriage, gifts, service and many others. Many of these transactions involve great financial value and significance. ¹

In this article, we would like to focus and list in brief the wisdom behind the sales transactions, supported by evidences from al-Qur’an and Sunnah.

Sales Transaction and the Wisdom behind It²

1 – Fulfillment of People’s Needs

Allah says: “And when the prayer has been concluded, disperse within the land and seek from the bounty of Allah, and remember Allah often that you may succeed.” ³

Abu Hurairah (May Allah be pleased with him) reported: The Prophet (ﷺ) said, “No food is better to man than that which he earns through his manual work. Dawud (ﷺ), the Prophet of Allah, ate only out of his earnings from his manual work.” 4

2 – Circulation of Wealth

Allah says: “And what Allah restored to His Messenger from the people of the towns – it is for Allah and for the Messenger and for [his] near relatives and orphans and the [stranded] traveler – so that it will not be a perpetual distribution among the rich from among you.” 5

3 – In Response to Human Nature

Allah says: “Beautified for people is the love of that which they desire – of women and sons, heaped-up sums of gold and silver, fine branded horses, and cattle and tilled land. That is the enjoyment of worldly life, but Allah has with Him the best return.” 6

The Bottom Line – Living Islamic Law

Islamic law, both as a whole and in individual rulings; 1) supports and protects our relationship with our Creator; 2) nurtures conditions conducive to life and protects life from harm and senseless loss; 3) creates and environment conducive to the use and development of the intellect; 4) preserves the family unit; and 5) protects people’s personal assets, for such protection is necessary for a healthy society.7

Understanding this framework may be helpful in seeing how individual rulings fit into the larger picture.


  1. Prof. Dr. Ala’ Eddin Kharofa, Transactions in Islamic Law (Kuala Lumpur: A.S. Noordeen, 2009), p. xi.
  2. Extracted from: Zaharuddin Abd Rahman, Maqasid al-Shariah fi Ahkam al-Buyu’ (Kuala Lumpur: IIUM Press, 2009), pp. 40-42.
  3. Al-Jumu’ah 62:10
  4. Sahih Al-Bukhari, no. 543
  5. Al-Hashr 59:7
  6. Ali Imran 3:14
  7. Asad Tarsin, Being Muslim – A Practical Guide (United States of America: Sandala Inc., 2015), p. 187.

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/