Articles


Berlari Mengejar Rahmat Allah

17

Nov 2016

Berlari Mengejar Rahmat Allah

Dalam surah At-Taubah, ayat 71, Allah berfirman yang bermaksud: “Dan orang-orang yang beriman, lelaki dan perempuan, setengahnya menjadi penolong bagi setengahnya yang lain; mereka menyuruh berbuat kebaikan, dan melarang daripada berbuat kejahatan; dan mereka mendirikan sembahyang dan memberi zakat, serta taat kepada Allah dan RasulNya. Mereka itu akan diberi rahmat oleh Allah; sesungguhnya Allah Maha Kuasa, lagi Maha Bijaksana.” Zakat dan Taqwa Taqwa mempunyai kaitan…

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Investing in Stocks

21

Oct 2016

Investing in Stocks

Investing in Stocks When you buy stock, you buy part of the corporation that issued the stock, or offered it for sale in an initial public offering (IPO). As a stockholder, you have equity, or ownership, in the corporation. From an Islamic legal perspective, this is lawful because you become a partner in the business. Your equity is likely to be small. Most corporation issues…

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The Application of Maqasid al-Shariah in Islamic Finance

07

Oct 2016

The Application of Maqasid al-Shariah in Islamic Finance

According to Ibn Ashur, maqasid al-Shariah (objectives of Shariah) is a term that refers to the preservation of order, achievement of benefit and prevention of harm or corruption, establishment of equality among people, causing the law to be revered, obeyed and effective as well as enabling the ummah to become powerful, respected and confident. Hifz al mal (preservation of wealth) is one of the most…

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The Objectives of Shari’ah in Sales Transaction

28

Sep 2016

The Objectives of Shari’ah in Sales Transaction

Islam and the Economic System Islam differs fundamentally from man-made systems in defining the economic system. In Islamic economic principles, all the wealth belongs to Allah and the human is the trustee of the wealth. Islam as a complete way of life did not set any rulings, be it in ibadah or muamalah, without any means. For example, when Islam prohibited riba, Islam aims to encourage…

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The Concept of Takaful and the Structure of a Takaful Program

24

Aug 2016

The Concept of Takaful and the Structure of a Takaful Program

Insurance, no matter what kind, is pooling of risks and applying the law of large numbers. The peril will only affect a small portion of those whose risks are pooled. Hence, if our probability calculation is accurate, a small premium from every one in the pool will be sufficient to compensate fully the small portion who will suffer during the term of the policy [1]….

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