Sanctity of Ownership

2011 05 06 0 Comments Javed Ahmad Ghamidi

فَإِنْ تَابُوا وَأَقَامُوا الصَّلَاةَ وَآتَوْا الزَّكَاةَ فَخَلُّوا سَبِيلَهُمْ (5:9)
Then if they repent, are diligent in the prayer and pay zakāh, leave them to themselves. (9:5)

This verse explains to the Idolaters of Makkah the conditions which they had… Read More ...

National Assets

2011 04 04 0 Comments Javed Ahmad Ghamidi

The context of this verse is that in the Prophet’s times when people demanded that the wealth, land and assets obtained from the enemy against whom no war had been waged be distributed among them, the Qur’ān refused this demand;… Read More ...

Islam has an Economic System

2010 08 19 0 Comments Dr. Shehzad Saleem

Most people think that Islam provides us with a complete economic system and the only thing needed is its implementation in favourable circumstances. This notion is not correct.
It needs to be appreciated that man has been blessed with… Read More ...

Distribution of Inheritance

2011 05 07 0 Comments Javed Ahmad Ghamidi

كُتِبَ عَلَيْكُمْ إِذَا حَضَرَ أَحَدَكُمْ الْمَوْتُ إِنْ تَرَكَ خَيْرًا  الْوَصِيَّةُ  لِلْوَالِدَيْنِ  وَالْأَقْرَبِينَ بِالْمَعْرُوفِ حَقًّا عَلَى الْمُتَّقِينَ  فَمَنْ بَدَّلَهُ بَعْدَمَا سَمِعَهُ فَإِنَّمَا إِثْمُهُ عَلَى الَّذِينَ يُبَدِّلُونَهُ إِنَّ اللَّهَ سَمِيعٌ عَلِيمٌ فَمَنْ خَافَ مِنْ مُوصٍ جَنَفًا أَوْ إِثْمًا فَأَصْلَحَ بَيْنَهُمْ فَلَا إِثْمَ… Read More ...

The Economic Sharī‘ah of Islam

2011 05 05 0 Comments Javed Ahmad Ghamidi

The economic law of Islam has been revealed by the Almighty through His last Prophet (sws) for the purification of the economy. It is based on the Qur’ānic philosophy of creation. According to this philosophy, the Almighty has created this… Read More ...