Do you know that a city dweller is forbidden to act as broker for a rural dweller in Islam? (God’s proposed structure – part 7) Sahih Al-Bukhari Hadith 2158 (Was it allowed for a person living in the town to sell the goods on behalf of a desert dweller without taking commission. Should he help …
Do you know that barter is forbidden in Islam? (God’s proposed structure – part 6) Sahih Al-Bukhari Hadith 2201 & 2202 (If one desires to purchase (better quality) dates in replacement of (lower quality) dates. [i.e. a form of Riba which is called Riba-Fadl]): Abu Said Al-Khudri and Abu Huraira (RAA) Narrated: Allah’s Messenger (PBUH) …
Do you know that barter is forbidden in Islam? (God’s proposed structure – part 6) Read More »
Do you really know how investors exit from Islamic Financial Intermediation structures, lets look at an example? (God’s proposed structure – part 5) Basic structures (that is building blocks) for Islamic Financial intermediation are: (1) Principle and Agent, (2) Partnership, and (3) Employer and Employee. During the trade/business cycle the invested funds are being used. …
Do you really know Islamic Financial Intermediation structures, lets look at an example? (God’s proposed structure – part 4) Basic structures (that is building blocks) for Islamic Financial intermediation are: (1) Principle and Agent, (2) Partnership, and (3) Employer and Employee. Lets take the Gulf used car market as an example. Traders specialize in Japanese, …
Financial Intermediation – do you really know how the Quran and Hadith structure this? (God’s proposed structure – part 3) Financial intermediation is connecting the people with money (saving and investments) to the people with the business ideas (that need the funding). The financial intermediary offers its expertise and ability to scale investments, to bring …
Why buy my book – do you really know how my book is structured and how you can benefit from it? We have already seen that in the Torah, Psalm, Old Testament, Gospel and Quran no benefit (interest/usury/riba) has been allowed on loans. So how should the economy and financial intermediation be structured? Islam is …
Banking – do you really know what the Quran and the Abrahamic religion’s rulings are on it? (God’s proposed economic structure – part 2) How does a Bank differ from other companies? 1) A Bank is officially chartered and licensed. 2) The bank is empowered to accept deposits and to make loans, at a profit. …
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 …
