Turkey Journey: Economic and Legal Discussions
The first morning session convened at nine o’clock, during which papers were presented that addressed a range of economic and juridical issues imposed by…
Finance and Zakah
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Surat al-Tatfif
“Woe unto the mean-hearted – those who, when they take the measure from people, strive to have it full, and when they measure for them, strive to make it short.” (Qurʾān 83:1-3) Although some translations…
Distinguishing pity and compassion for an Islamic perspective on relief work
The fiqh related to relief work generally begins and ends with an account of the obligations of zakah and its voluntary counterpart, sadaqa. Much…
Debts and the Islamic Conception of Death
Integral to the Islamic conception of death is the conscientious fulfilment of financial obligations, particularly the settling of debts. Islam’s emphasis on justice extends…
Insurance
Insurance, in its various forms and manifestations, has become a conspicuous hallmark of our age. Hardly does a person take a step in his…
The Meaning of Wealth Being a Trial
Dr. Syeda Hina Fatima from Mumbai is an Arabic language professor, and she is deeply engaged in spreading the teachings of the Qur’an. Recently,…
Inheritance: a general overview of the laws
Concepts and arguments related to inheritance are in many respects so finely detailed and entangled that it is difficult to keep in mind the…
Inheritance in Islam and European law
The inheritance laws in Islam are designed to contribute to the re-distribution of property in order to prevent excessive concentration of private wealth while…
Islamic Finance
Islamic finance over the last three decades or so has grown into a huge industry. It is huge both in the sense that vast…
Surat al-Tatfif
“Woe unto the mean-hearted – those who, when they take the measure from people, strive to have it full, and when they measure for…
Questions & Answers on Finance and Zakah
View all Q&A →Islamic Ruling on Housing and Bank Financing
My name is Muḥammad Aslam Waṣī. I reside in the lowest part of my house where I have opened a shop, while my wife has set up a ladies’ salon. Because of these two businesses it has become very difficult…
Zakāh, niṣāb and social justice
Recently, I wrote an article in Urdu arguing that gold, rather than silver, should be adopted as the standard for determining niṣāb in zakāh. In response, the well-known Qur’an teacher, Dr Farhat Hashmi, forwarded the following question to me: Piyari…
Using interest to pay an unauthorised charge
As Salam Alaykum Mufti Sb. Hope you are doing good. I was recently a victim of a credit card scam, and an unauthorized amount was taken from my account. The credit card company is now asking me to pay this…