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Monthly Renaissance | Al-Mawrid

Renaissance | May - 1997

A monthly journal promoting research and original thinking in the light of the original sources of Islam.


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Rent and Riba

Asif Iftikhar Issue: May 1997

  Reflections     Riba,or interest, is sometimes confused with rent, whereas the two are quite different from each other. Rent is a payment made periodically for the use (not consumption) of an asset, for example for the use of some land, building a machinery. On the other hand, two simultaneously present conditions
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The Meaning of Riba

Asif Iftikhar Issue: May 1997

  Reflections     Some people argue that only usury (interest at such an exorbitant rate that it exploits the debtor) has been declared unlawful by Islam. Therefore, interest at a mutually acceptable rate can be charged, which is usually the case in loans given for commercial purposes. It is in loans given for the purpo
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Surahs Qiyamah-Dahr

Dr. Shehzad Saleem Issue: May 1997

  Qur’anic Exegesis     Introduction Both these surahsform a pair with regard to the subject discussed in them. The first surahsubstantiates the Day of Judgement by the testimony of the reproaching soul, while the second surahsubstantiates this claim by the divine inspiration of good and evil in a person’s sou
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A Remedy for the Economic Ills in Our Society

Dr. Shehzad Saleem Issue: May 1997

  EDITORIAL     A detailed analysis of the economy reveals that the whole economic set-up of our country is based on great vice and evil. The foremost evil in it is the institution of Banking. Through this institution, the whole nation’s wealth is rendered at the disposal of a few individuals. In the guise of nation
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Until Daylight….

Asif Iftikhar Issue: May 1997

  EDITORIAL     In his essay ‘The Economic Possibilities for our Grandchildren’ Keynes envisaged a future that would afford people the possibility to ‘live wisely and agreeably and well.’ At this stage, he wrote ‘I see us free, therefore, to return to some of the most sure and certain princ
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The Question of Weekly Holiday

Administrator Issue: May 1997

  Queries     Question: What is the status in Shari’ahof Friday as the weekly holiday? Is all the furore in this regard valid?   Answer: The assertion that Friday should be the weekly holiday has no basis in Shari’ah. In fact, it is not even a matter pertaining to Shari’ah. As far as the Qur&r
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Towards Understanding the Qur’an (English Translation of “Tafhimu’l-Qur’an”)

Dr. Shehzad Saleem Issue: May 1997

  Book Review     Book:              Towards Understanding the Qur’an(English Version of Tafhimu’l-Qur’an) Author:           Sayyid Abul A’laMawdudi Translator:    Zafar Ishaq Ansari Publisher:&nbs
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Tamlik (Exclusive Personal Possession) as a precondition for Zakah

Nadir Aqueel Ansari Issue: May 1997

  Reflections   Nadir Aqueel Ansari   One of the issues regarding payment of Zakahis that of Tamlik, an Arabic term used by Muslim doctors of law, which has been interpreted as ‘complete and exclusive personal possession’. It means that in order to pay Zakah, one has to hand it over to the exclusive posses
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The Tentacles of Interest

Administrator Issue: May 1997

  Reflections     In the following part of an article by Muhammad Akram Khan, Chief Accounts Officer in the Ministry for Foreign Affairs, the writer explains that, at macroeconomic level, interest can never be accepted as a benevolent institution and urges those who support interest to consider its far reaching implicati
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