Economics

How to Successfully Combat the Economic Recession and Depression How to Successfully Combat the Economic Recession and Depression: Every where in the world there is a talk and complain about the economic recession, people are losing their…

Financial Matters in Islam Black Marketing Imam Jafar al-Sadiq (‘a) had a large family. Obviously, his domestic needs were also proportionately greater. He decided to invest some capital in trade, so he (‘a) called his serving man…

Islamic Economic System by Mohammad Saeid Taheri Moosavi*: The Islamic school of economics is based on principles whose ultimate goal is to create justice in society, because the purpose of sending prophets is basically to guarantee…

 Ninth Greater Sin: Usury  Ninth Greater Sin: Usury: The ninth Greater sin is usury. That it is classified as a Greater Sin is clear in traditions recorded from the Holy Prophet (S), Imam ‘Ali (a.s.), Imam Ja’far as-Sadiq (a.s.), Imam Musa…

The Essentiality of Employment and the Importance of Trade and Industry The Essentiality of Employment and the Importance of Trade and Industry: Endeavour and work are the base and foundation upon which the world of creation is established…

The Role of Central Banks in Islamic Banking The Role of Central Banks in Islamic Banking: "...ideologies…affect the topics discussed, the manner of discussion, the factors included or left out or inadequately stressed in arguments,…

What is bay\'? The bay\' (selling) means the sale and exchange of a property with another property in a way that the owner, who is ,called "the seller" of the merchandise transfers the ownership of his property to the other…

The ninth Greater sin is usury. That it is classified as a Greater Sin is clear in traditions recorded from the Holy Prophet (S), Imam ‘Ali (a.s.), Imam Ja’far as-Sadiq (a.s.), Imam Musa al-Kadhim (a.s.), and Imam Muhammad…

In the following Qur’anic ayats Allah (S.w.T.) promises that anything spent in Allah (S.w.T.)’s way will be amply rewarded both in this world and the hereafter, “…and He causes Charitable deeds to prosper.”…

The detailed laws for each of the above have been discussed in Tauzihul Masael. Khums should be divided into two parts. One part is for the Sadāts which should be given to a sayyid who is poor, or orphan or who has become penniless…