Finance in Quran and Hadeeth
“Islam is not a mere religion; it is a way of life”. Apart from giving commandments for Prayers and Fasts
it also provides an in-depth guidance in every aspect of life. Finance is one of the four fundamental needs
of human life. Without finance the basic physiological needs of food, shelter and clothing cannot be fulfilled.
Hence, more than 70% of the Islamic teachings comprise of Fiqh-al-Muamlaat, the law of trade and dealings.
The prohibition of Riba (Interest/Usury), appropriate distribution of Zakat (Mandated Charity), and fair trade
practices are fundamental principles of Islamic Economics and Finance. This would bring about equity and social
justice to the mankind at large, and peace and prosperity would prevail.
To propagate the philosophy of Islamic Finance, Islami Tijara has taken the initiative to compile important
Quranic verses and Hadeeth pertaining to the Finance and Economics.
In Islam, knowledge is given great significance. “Al-Alīm (The All-Knowing) is one of the 99 names of Allah.
The Qur'an asserts that knowledge comes from God (2:239) and various Hadeeth encourage the acquisition of
knowledge. Prophet (saw) is reported to have said "Seek knowledge from the cradle to the grave" and "Verily
the men of knowledge are the inheritors of the prophets".
In this section Islami Tijara aims to impart ready access knowledge in the field of Islamic Finance and Investment.
This would be of great help to the students, professionals and practitioners alike. The students seeking a career
in Islamic Finance can benefit from the enormous information about the various Courses and Books on Islamic Finance.
In order to create awareness about Islamic Finance amongst the people, Islami Tijara has initiated this section wherein
it invites the professional writers to contribute their valuable work and academic papers. We are sure, Insha’Allah the
readers would enrich themselves with this knowledge sharing from eminent Islami Finance Experts.