Search results
Results from the WOW.Com Content Network
t. e. Islamic economics (Arabic: الاقتصاد الإسلامي) refers to the knowledge of economics or economic activities and processes in terms of Islamic principles and teachings. [ 1 ] Islam has a set of special moral norms and values about individual and social economic behavior.
Definitions. Definitions of riba include: Unjustified increment in borrowing or lending money, paid in kind or in money above the amount of loan, as a condition imposed by the lender or voluntarily promised by the borrower. This is called fiqh riba al-duyun (debt usury) (Abdel-Rahman Yousri Ahmad).
Islamic banking, Islamic finance (Arabic: مصرفية إسلاميةmasrifiyya 'islamia), or Sharia-compliant finance[ 1 ] is banking or financing activity that complies with Sharia (Islamic law) and its practical application through the development of Islamic economics. Some of the modes of Islamic finance include mudarabah (profit-sharing ...
al-Dawla. v. t. e. Principles of Islamic jurisprudence (Arabic: أصول الفقه, romanized:ʾUṣūl al-Fiqh) are traditional methodological principles used in Islamic jurisprudence (fiqh) for deriving the rulings of Islamic law (sharia). [ 1 ] Traditional theory of Islamic jurisprudence elaborates how the scriptures (Quran and hadith ...
A copy of the Qur'an, one of the primary sources of Sharia. The Qur'an is the first and most important source of Islamic law. Believed to be the direct word of God as revealed to Muhammad through angel Gabriel in Mecca and Medina, the scripture specifies the moral, philosophical, social, political and economic basis on which a society should be constructed.
Al-Ikhlāṣ(Arabic: الْإِخْلَاص, "Sincerity"), also known as the Declaration of God's Unity[1]and al-Tawhid(Arabic: التوحيد, "Monotheism"),[2]is the 112th chapter(sūrah) of the Quran. According to George Sale, this chapter is held in particular veneration by Muslims, and declared, by Islamic tradition, to be equal in value ...
Here, stocks are wavering on the back of fresh. Investors are increasingly confident the US economy will achieve a "soft landing," a scenario in which higher interest rates lead to lower inflation ...
Zakat is the Arabic word for "Giving to Charity" or "Giving to the Needy". [ a ][ 3 ] Zakat is a form of almsgiving, often collected by the Muslim Ummah. [ 1 ] It is considered in Islam a religious obligation, [ 4 ][ 5 ] and by Quranic ranking, is next after prayer (salat) in importance. [ 6 ] Eight heads of zakat are mentioned in the Quran.