Where am I? More than 2 million people surround me. We all have one common goal, one purpose for being here together. I do not stand out from anyone else. There are no signs of wealth or greatness upon me. No Rolex watch or Nike shoes to mark me as a rich person. I am … Read more
Prayer is the second pillar of Islam. “…so let the first thing to which you will invite them be the Oneness of God. If they learn that, tell them that God has enjoined on them, five prayers to be offered in one day and one night.”[1] After a person testifies to or affirms their belief … Read more
Friday is a very important day for Muslims. It is more significant and more beneficial than any other day of the week. It is the day that Muslims gather together to pray in congregation. Directly before the prayer they listen to a lecture designed to empower them with valuable knowledge about God, and the religion … Read more
In the glossary of The Noble Quran[1] the term Zakat is defined as follows, “A certain fixed proportion of the wealth and of every property liable to Zakat of a Muslim to be paid yearly for the benefit of the poor in the Muslim community. The payment of Zakat is obligatory as it is one … Read more
“O you who have believed, fear Allah and give up what remains [due to you] of interest, if you should be believers. And if you do not, then be informed of a war [against you] from Allah and His Messenger. But if you repent, you may have your principal – [thus] you do no wrong, … Read more
The Ideological Basis of Economic Activity The ideological basis in Islam may be summarized into six basic principles: The cornerstone is that everything has to start from the belief in God as the Creator, Lord, and Sovereign of the universe. This implies willingness to submit to God’s will, to accept His guidance, and to have … Read more
Introduction As a complete way of life, Islam has provided guidelines and rules for every sphere of life and society. Naturally, a functioning economic system is vital for a healthy society, as the consumption of goods and services, and the facilitation of this by a common medium of exchange, play a major role in allowing … Read more