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Riba
''Riba'' (, or , ) is an Arabic word used in Islamic law and roughly translated as " usury": unjust, exploitative gains made in trade or business. ''Riba'' is mentioned and condemned in several different verses in the Qur'an3:130 and most commonl 2:275-2:280 . It is also mentioned in many '''' (reports of the life of [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Islamic Banking And Finance
Islamic banking, Islamic finance ( ''masrifiyya 'islamia''), or Sharia-compliant finance is banking or Finance, 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 ''Profit and loss sharing#Mudarabah, mudarabah'' (profit-sharing and loss-bearing), ''wadiah'' (safekeeping), ''musharaka'' (joint venture), ''murabahah'' (cost-plus), and ''ijarah'' (leasing). Sharia prohibits ''riba'', or usury, generally defined as interest paid on all loans of money (although some Muslims dispute whether there is a consensus that interest is equivalent to ''riba''). Investment in businesses that provide goods or services considered contrary to Islamic Value (personal and cultural), principles (e.g. pork or alcohol) is also ''haram'' ("sinful and prohibited"). These prohibitions have been applied historically in varying degrees in Muslim countries/communities to prevent ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Arabs
Arabs (, , ; , , ) are an ethnic group mainly inhabiting the Arab world in West Asia and North Africa. A significant Arab diaspora is present in various parts of the world. Arabs have been in the Fertile Crescent for thousands of years. In the 9th century BCE, the Assyrians made written references to Arabs as inhabitants of the Levant, Mesopotamia, and Arabia. Throughout the Ancient Near East, Arabs established influential civilizations starting from 3000 BCE onwards, such as Dilmun, Gerrha, and Magan, playing a vital role in trade between Mesopotamia, and the Mediterranean. Other prominent tribes include Midian, ʿĀd, and Thamud mentioned in the Bible and Quran. Later, in 900 BCE, the Qedarites enjoyed close relations with the nearby Canaanite and Aramaean states, and their territory extended from Lower Egypt to the Southern Levant. From 1200 BCE to 110 BCE, powerful kingdoms emerged such as Saba, Lihyan, Minaean, Qataban, Hadhramaut, Awsan, and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Abul A'la Maududi
Abul A'la al-Maududi (; – ) was an Islamic scholar, Islamist ideologue, Muslim philosopher, jurist, historian, journalist, activist, and scholar active in British India and later, following the partition, in Pakistan. Described by Wilfred Cantwell Smith as "the most systematic thinker of modern Islam", his numerous works, which "covered a range of disciplines such as Qur'anic exegesis, hadith, law, philosophy, and history", were written in Urdu, but then translated into English, Arabic, Hindi, Bengali, Telugu, Tamil, Kannada, Burmese, Malayalam and many other languages. He sought to revive Islam, and to propagate what he understood to be "true Islam". He believed that Islam was essential for politics and that it was necessary to institute ''sharia'' and preserve Islamic culture similarly as to that during the reign of the Rashidun Caliphs and abandon immorality, from what he viewed as the evils of secularism, nationalism and socialism, which he understood to be the influen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Muhammad
Muhammad (8 June 632 CE) was an Arab religious and political leader and the founder of Islam. Muhammad in Islam, According to Islam, he was a prophet who was divinely inspired to preach and confirm the tawhid, monotheistic teachings of Adam in Islam, Adam, Noah in Islam, Noah, Abraham in Islam, Abraham, Moses in Islam, Moses, Jesus in Islam, Jesus, and other Prophets and messengers in Islam, prophets. He is believed to be the Seal of the Prophets in Islam, and along with the Quran, his teachings and Sunnah, normative examples form the basis for Islamic religious belief. Muhammad was born in Mecca to the aristocratic Banu Hashim clan of the Quraysh. He was the son of Abdullah ibn Abd al-Muttalib and Amina bint Wahb. His father, Abdullah, the son of tribal leader Abd al-Muttalib ibn Hashim, died around the time Muhammad was born. His mother Amina died when he was six, leaving Muhammad an orphan. He was raised under the care of his grandfather, Abd al-Muttalib, and paternal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rashidun Caliphate
The Rashidun Caliphate () is a title given for the reigns of first caliphs (lit. "successors") — Abu Bakr, Umar, Uthman, and Ali collectively — believed to Political aspects of Islam, represent the perfect Islam and governance who led the Muslim community and polity from the death of the Islamic prophet Muhammad (in 632 AD), to the establishment of the Umayyad Caliphate (in 661 AD). The reign of these four caliphs is considered in Sunni Islam to have been "rightly-guided", meaning that it sunnah, constitutes a model to be followed and emulated from a religious point of view. This term is not used by Shia Muslims, who reject the rule of the first three caliphs as illegitimate. Following Muhammad's death in June 632, Muslim leaders debated who Succession to Muhammad, should succeed him. Unlike later caliphs, Rashidun were often chosen by some form of a small group of high-ranking companions of the Prophet in () or appointed by their predecessor. Muhammad's close companion A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Usury
Usury () is the practice of making loans that are seen as unfairly enriching the lender. The term may be used in a moral sense—condemning taking advantage of others' misfortunes—or in a legal sense, where an interest rate is charged in excess of the maximum rate that is allowed by law. A loan may be considered usurious because of excessive or abusive interest rates or other factors defined by the laws of a state. Someone who practices usury can be called a ''usurer'', but in modern colloquial English may be called a ''loan shark''. In many historical societies including ancient Christian, Jewish, and Islamic societies, usury meant the charging of interest of any kind, and was considered wrong, or was made illegal. During the Sutra period in India (7th to 2nd centuries BC) there were laws prohibiting the highest castes from practicing usury. Similar condemnations are found in religious texts from Buddhism, Judaism ('' ribbit'' in Hebrew), Christianity, and Islam (''rib ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Muhammad Abduh
Muḥammad ʿAbduh (also spelled Mohammed Abduh; ; 1849 – 11 July 1905) was an Egyptian Islamic scholar, judge, and Grand Mufti of Egypt. He was a central figure of the Arab Nahḍa and Islamic Modernism in the late 19th and early 20th centuries. He began teaching advanced students esoteric Islamic texts at Al-Azhar University while he was still studying there. From 1877, with the status of ''ʿālim'', he taught logic, theology, ethics, and politics. He was also made a professor of history at '' Dar al-ʿUlūm'' the following year, and of Arabic language and literature at '' Madrasat al-Alsun.'' ʿAbduh was a champion of the press and wrote prolifically in ''Al-Manār'' and '' Al-Ahram''. He was made editor of '' Al-Waqa'i' al-Misriyya'' in 1880. He also authored ''Risālat at-Tawḥīd'' (; "The Theology of Unity") and a commentary on the Quran. He briefly published the pan-Islamist anti-colonial newspaper '' al-ʿUrwa al-Wuthqā'' alongside his teacher and mentor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Khilafah
A caliphate ( ) is an institution or public office under the leadership of an Islamic steward with Khalifa, the title of caliph (; , ), a person considered a political–religious successor to the Islamic prophet Muhammad and a leader of the entire Muslim world (''ummah''). Historically, the caliphates were polities based on Islam which developed into multi-ethnic trans-national empires. During the medieval period, three major caliphates succeeded each other: the Rashidun Caliphate (632–661), the Umayyad Caliphate (661–750), and the Abbasid Caliphate (750–1517). In the fourth major caliphate, the Ottoman Caliphate, the rulers of the Ottoman Empire claimed caliphal authority from 1517 until the Ottoman caliphate was Abolition of the Caliphate, formally abolished as part of the Atatürk's reforms, 1924 secularisation of Turkey. An attempt to preserve the title was tried, with the Sharifian Caliphate, but this caliphate fell quickly after its conquest by the Sultanate o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Interest
In finance and economics, interest is payment from a debtor or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum (that is, the amount borrowed), at a particular rate. It is distinct from a fee which the borrower may pay to the lender or some third party. It is also distinct from dividend which is paid by a company to its shareholders (owners) from its profit (economics), profit or Reserve (accounting), reserve, but not at a particular rate decided beforehand, rather on a pro rata basis as a share in the reward gained by risk taking entrepreneurs when the revenue earned exceeds the total costs. For example, a customer would usually pay interest to debt, borrow from a bank, so they pay the bank an amount which is more than the amount they borrowed; or a customer may earn interest on their savings, and so they may withdraw more than they originally deposited. In the case of savings, the customer is the lender, and the ban ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sharia
Sharia, Sharī'ah, Shari'a, or Shariah () is a body of religious law that forms a part of the Islamic tradition based on Islamic holy books, scriptures of Islam, particularly the Quran, Qur'an and hadith. In Islamic terminology ''sharīʿah'' refers to immutable, intangible divine law; contrary to ''fiqh'', which refers to its interpretations by Ulama, Islamic scholars. Sharia, or fiqh as traditionally known, has always been used alongside urf, customary law from the very beginning in Islamic history; has been elaborated and developed over the centuries by fatwa, legal opinions issued by mufti, qualified jurists – reflecting the tendencies of Schools of Fiqh, different schools – and integrated and with various economic, penal and administrative laws issued by Muslims, Muslim rulers; and implemented for centuries by Qadi, judges in the courts until recent times, when secularism was widely adopted in Islamic societies. Traditional Principles of Islamic jurisprudence, theory o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pre-Islamic Arabia
Pre-Islamic Arabia is the Arabian Peninsula and its northern extension in the Syrian Desert before the rise of Islam. This is consistent with how contemporaries used the term ''Arabia'' or where they said Arabs lived, which was not limited to the peninsula. Pre-Islamic Arabia included both nomadic and settled populations. Several settled populations developed distinctive civilizations. From around the second half of the 2nd millennium BCE, South Arabia, Southern Arabia was the home to a number of kingdoms, such as the Sabaeans and the Minaeans, and Eastern Arabia was inhabited by Semitic-speaking peoples who presumably migrated from the southwest, such as the so-called Samad Late Iron Age, Samad population.Kenneth A. Kitchen The World of "Ancient Arabia" Series. Documentation for Ancient Arabia. Part I. Chronological Framework and Historical Sources p.110 From 106 CE to 630 CE, Arabia's most northwestern areas were controlled by the Roman Empire, which governed it as Arabia Petrae ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Islamic
Islam is an Abrahamic religions, Abrahamic monotheistic religion based on the Quran, and the teachings of Muhammad. Adherents of Islam are called Muslims, who are estimated to number Islam by country, 2 billion worldwide and are the world's Major religious groups, second-largest religious population after Christians. Muslims believe that Islam is the complete and universal version of a Fitra, primordial faith that was revealed many times through earlier Prophets and messengers in Islam, prophets and messengers, including Adam in Islam, Adam, Noah in Islam, Noah, Abraham in Islam, Abraham, Moses in Islam, Moses, and Jesus in Islam, Jesus. Muslims consider the Quran to be the verbatim word of God in Islam, God and the unaltered, final revelation. Alongside the Quran, Muslims also believe in previous Islamic holy books, revelations, such as the Torah in Islam, Tawrat (the Torah), the Zabur (Psalms), and the Gospel in Islam, Injil (Gospel). They believe that Muhammad in Islam ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
