Thursday 10 May 2012

Money, Trade, Insurance & Finance in Islam - You Must Know!

"Allah is Pure and He only accepts that which is pure" - Prophet Muhammad (PBUH)

There is a fundamental principle in Islam which states: "It is compulsory to learn the fiqh (etiquettes and rulings) of a thing if one is engaged or planning to engage in that thing".  Therefore if someone has to perform hajj, they need to learn the fiqh of hajj and if someone is getting married they need to learn the fiqh of marriage and family life, and so on and so forth.

We are all engaged in money matters on a daily basis, whether it is banking, trade, insurance or finance. Why is it that we take these practices for granted and we do not give them due consideration and learn the fiqh related to them? For instance, almost every adult Muslim in this country has a bank account but how many know the fiqh of banking? Muslims participate in different types of home-financing schemes from shared-ownership to conventional mortgage or its Islamicised version. Or some, including students, take loans and others invest in pension plans. But do we know the fiqh of finance? Similarly, Muslims run businesses or we are employed in businesses or we deal in Ebay auctions and other online business but do we know the fiqh of trade and business? Often, too, we may be taking action simply following advertising campaigns for home-insurance, car-insurance, boiler-cover or breakdown-cover. But have we looked into the fiqh of insurance?

Muslims living in this day and age are constantly faced with decisions regarding matters of money, banking, trade, insurance and finance. For us, knowing the fiqh related to these matters is not just 'a good thing to know' but it is essential and a must as it is linked to our worship and our servitude to Allah (SWT). The Prophet Muhammad (PBUH) said "Allah is Pure and He only accepts that which is pure". If our lifestyle, sustenance, clothing or shelter were to be tainted with the impurities of money and finances, then we are putting our very worship and servitude to Allah at risk and we would suffer the effects of this in every aspect of our life (refer #10 of 40 Hadith). If you are concerned, then the forthcoming seminar on finance and trade by Shaykh Dr Mohammed Akram Nadwi and Tarek El-Diwany is essential for you.

What is stopping you from attending this once-in-a-lifetime seminar that would help bring barakah (blessings) in your finances and contentment in your life?

Money, Trade, Insurance & Finance in Islam - You Must Know!

Islamic Finance & Banking - A Myth or A Reality?

By Shaykh Dr Mohammed Akram Nadwi
and Tarek El-Diwany

When: Saturday 19th May 2012     Time: 10AM - 7PM

Venue: Cambridge University



"I want to thank your organisation for arranging these series of lectures by Dr Nadwi. I have attended two of these lectures and have found them immensely enlightening. Dr Nadwi is a rare scholar of our times and although he is knowledgeable enough to talk at length on issues of philosophy, literacy or poetry, he is always keen to emphasise the practical implications of his teachings - that Islam in essence is a religion to be practiced with real actions and not confined to theory written in textbooks. MEOC has done an excellent job in the way they have taken care of all the details required of organising such events. I pray that Allah rewards all those involved in all aspects of these courses." - Dr Atiqul Baree, Portsmouth

"I have been to two of the CISS courses and can say with certainty that they have been inspiring to the highest degree. Shaikh Akram's style of teaching ensures that you are connected from the start, not only in terms of the relevance of the knowledge he is sharing, but also through the openness of the sessions. He not only shares the important knowledge on the topic but also encourages the questioning of all that knowledge in order to make it relevant for us in today's world. These courses have helped me to reinvigorate and renew my passion for my faith and have encouraged me to continuously seek and apply the vast knowledge there is in Islam." - Rimla Akhtar, Chairperson, Muslim Women's Sport Foundation, London  

More Testimonials:
Previous Posts

Islamic Principles on Business, Banking & Finance

Islamic Banking & Finance - A Myth or A Reality?

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