Search results
Results from the WOW.Com Content Network
The free market principle is an Islamic principle as cited per the primary islamic source in the Quran. [ citation needed ] Islam considers commodities with intrinsic value as currency . [ citation needed ] The following are some examples of commodities that can be used as currency: gold (as Gold Dinar ), silver (as Silver Dirham ), dates ...
A supporter of Islamic economics describes a "major difficulty" faced by Islamic reformers of Islamic economics and pointed out by other authors, namely that because a financial system is an "integrated and coherent structure", to create an Islamic system "based on trust, community and no interest" requires "changes and interventions on several ...
This is a list of Islamic texts.The religious texts of Islam include the Quran (the central text), several previous texts (considered by Muslims to be previous revelations from Allah), including the Tawrat revealed to the prophets and messengers amongst the Children of Israel, the Zabur revealed to Dawud and the Injil (the Gospel) revealed to Isa (), and the hadith (deeds and sayings ...
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.
The Scrolls of Moses (Arabic: صُحُفِ مُوسَىٰ, Ṣuḥuf Mūsā) are an ancient body of scripture mentioned twice in the Quran. They are part of the religious scriptures of Islam. Jordanian scholar and professor of philosophy Ghazi bin Muhammad mentions that the "Scrolls of Moses" are identical to the Torah of Moses. [23]
Between the 9th and 14th centuries, the Muslim world developed many advanced economic concepts, techniques and usages. These ranged from areas of production, investment, finance, economic development, taxation, property use such as Hawala: an early informal value transfer system, Islamic trusts, known as waqf, systems of contract relied upon by merchants, a widely circulated common currency ...
This new wealth transfer might give women new opportunities, “but it’s not a no-brainer,” Francis told CNBC. She added that women need to have the tools to retain financial stability.
Islam recognizes no distinction among human beings based on color, language or tribe. All are considered equal in receiving human rights and in discharge duties. According to Islamic teaching, no privileged or chosen class exists except those having piety or moral excellence. [36] A Quranic injunction forbids the Muslims to underestimate others.