by Mohamed Ismail Bukharia | Sep 17, 2007 | Business Dealings
By Mufti Taqi Usmani ——————– Salam is basically a mode of financing for small farmers and traders. The mode of financing can be used by modern banks and financial institution, especially to finance the agricultural sector. The...
by Mohamed Ismail Bukharia | Sep 17, 2007 | Business Dealings
By Abdurrahman ibn Yusuf Mangera ——————————— The 401K Plan In some countries, companies use a retirement package called the 401k plan. It refers to an IRS Code that allows employers to set up retirement...
by Mohamed Ismail Bukharia | Sep 17, 2007 | Business Dealings
By Mufti Taqi Usmani ——————– Dealing in equity shares can be acceptable in Shariah subject to the following conditions: 1. The main business of the company is not in violation of Shariah. Therefore, it is not permissible to...
by Mohamed Ismail Bukharia | Sep 17, 2007 | Business Dealings
By Dr. Khalid Zaheer The basic purpose of life is ‘Ibaadah (51:56), ie humbly serving Allah, and not the achievement of material benefits. Why then are we supposed to be concerned about such ‘mundane’ matters in Islam as economics? The reason is that...
by Mohamed Ismail Bukharia | Sep 17, 2007 | Business Dealings
Islam teaches us, that our success lies neither in asceticism nor in materialism; we should neither shun nor renounce material life, nor be enslaved and motivated by it. Islam advocates a just balance between the two extremes. It adopts a balanced attitude between the...
