Islamic Finance

Wisdom Pays Handsomely

There will be difficult times, and there are times that you’re in abundance. Hence, we need to spend wisely and manage our wealth before crisis presents itself. “What the wise man does in the beginning, the fool does in the end” (Old proverb). In Surah Yusuf 12:47-49, the Al-Quran has taught us to save what we have for difficult times. In those verses, we are reminded to be thrifty before… Read More »Wisdom Pays Handsomely

Muzakarah Penasihat Syariah Kewangan Islam Kali Ke-11 KLIFF 2016

‘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.Read More »Muzakarah Penasihat Syariah Kewangan Islam Kali Ke-11 KLIFF 2016

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… Read More »The Objectives of Shari’ah in Sales Transaction

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… Read More »The Story of 2.5%