Quran

Do you know if trading Shares is allowed in Islam?(God’s proposed structure – part 17) 1.  Shares is a legal contract evidencing ownership in a company. 2.  Buying or selling shares requires a process of legal documentation and registration to ensure legality of the transactions and avoid fraud.  (Similar to all the legal and registration …

Do you know if trading Shares is allowed in Islam?(God’s proposed structure – part 17) Read More »

Do you know there is NO concept of financial insurance, in Islam? (God’s proposed structure – part 14) Let us examine the structure of Insurance in four ways: Sunan Abu Dawud Hadith 3451 (Concerning Fixing Prices): It was recorded that Anas bin Malik stated: “The people requested: ‘O Allah’s Messenger, the prices have gone too …

Do you know there is NO concept of financial insurance, in Islam? (God’s proposed structure – part 14) Read More »

What is the definition of Riba in the Quran? (God’s proposed economic structure – part 1) [278. O believers! Fear Allah and relinquish what is outstanding from Riba, if you are indeed believers. 279. And if you do not, then take notice of war from Allah and His Messenger. But if you repent, you will …

What is the definition of Riba in the Quran? (God’s proposed economic structure – part 1) Read More »