economy

Economic Distribution in Islam Economic Distribution in Islam: "Whatever spoils given by Allah to His Messenger from townspeople belongs to Allah and to the Messenger, and to the nearest of kin, and to the orphans, and the indigent, and…

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…

 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 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,…

Each and every duty or responsibility, which Islam has established is mainly for the benefit of Muslims themselves. Nothing is meant for its founder or the Holy Prophet; so much so that even the Khums (one-fifth), which is made…

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…

Authentic traditions have greatly emphasised the rewards that are promised for the one who lends. On the other hand, those who avoid this good deed have severe punishment in store. Sometimes it is obligatory to lend and not prohibited to…