Salman Ahmed Shaikh's Blog, page 10

معجزات, قانون قدرت اور قرآن

Allah is not only the Creator and Sustainer of this world and universe, but also the Creator of all laws of nature that predate matter and govern the functioning of universe.

Why Is Riba Al-Fadl Unacceptable?

Riba al-Fadl is described as an unlawful excess in the exchange of two counter-values where the excess is measurable through weight or measure. The concept is based on some Ahadith according to which if gold, silver, wheat, barley, dates, and salt are exchanged against themselves, they should be spot and be equal and specified. If these conditions are not found, this transaction will become Riba al-Fadl.

Ethics and Economics: An Islamic Synthesis

The central thesis of the book is that ethical principles of Islam can be condensed into four axioms through which all teachings emanate or can be explained. These axioms are: Unity, Equilibrium, Freedom and Responsibility.

Highlights of Financing for Sustainable Development Report 2024

Financing is crucial for achieving the Sustainable Development Goals (SDGs) because it enables countries to invest in the infrastructure, programs, and services necessary to achieve the goals. Without sufficient financing, countries may struggle to make progress towards the SDGs. The United Nations estimates that achieving the SDGs will require an additional $2.5 trillion in annual investment until 2030. Due to misaligned incentives, both public and private actors still invest in brown activities and have not yet fully aligned their decision-making and financing with the SDGs.

Inclusive in Deposits, Exclusive in Credits

It is also important to build trust with the customers and improve the complaint resolution system. Currently, Bank Mohtasib requires that customer should approach bank and wait for 45 days unless bank provides a letter to decline the complaint. The wait is too long, especially for micro-entrepreneurs and SMEs who do not have enough working capital if their incoming remittance is stuck for some reason.

مذہبی شدت پسندی اور دعوت دین

تمام انسان ہمارے مدعو ہیں اور بحیثیت امت وسط ہماری ذمہ داری تھی کہ ان تک اسلام کاپیغام اپنے علم و عمل سے پہنچائیں۔ مگر ہمارے متشدد علم جو مذہب کی غلط تفہیم سے عبارت ہے اور حیوانی رویے جس کی زد سے اب مسلمان بھی محفوظ نہیں, دین کی دعوت کی راہ میں سب سے بڑی رکاوٹ ہیں۔ دین کی اساس ایک خدا کے سامنے اپنے اعمال کی جواب دہی اور آخرت میں جزا کا تصور ہے۔

Zakat as an Instrument of Poverty Reduction in Indonesia

Authors argue that theoretically, Zakat can promote the higher objectives of a country’s economy. The imposition of Zakat on the assets and business of Muzakki provided the conditions of the haul and nisab have been met encourages the productivity of Muzakki. It urges them to be productive and prudent in their investments. It triggers an increase in labour supply and investments. Zakat transfer leads to higher consumption and spending which is good for the businesses and economy.

Research Paper in Focus

Authors argue that theoretically, Zakat can promote the higher objectives of a country’s economy. The imposition of Zakat on the assets and business of Muzakki provided the conditions of the haul and nisab have been met encourages the productivity of Muzakki. It urges them to be productive and prudent in their investments. It triggers an increase in labour supply and investments. Zakat transfer leads to higher consumption and spending which is good for the businesses and economy.

Highlights of Human Development Report 2023/2024

The HDI is an important, if crude, yardstick for human development. Just a few years ago well-being had never been higher, poverty never lower. Yet people around the world were reporting high levels of sadness, stress, and worry. Those self-reported measures have since risen for nearly 3 billion people. And while 9 in 10 people show unwavering support for the ideal of democracy, there has been an increase in those supporting leaders who may undermine it: today, for the first time, more than half the global population supports such leaders.

Bitcoin and Digital Currencies

Many experts still think that digital currency is just a fictitious thing and its title is just for show like ivory and in reality, it is a form of betting and profit- hunting trading like we see on the internet, such as forex trading etc. In fact, there is no genuine seller in trading nor are there any Shariah conditions fulfilled for the justification of sale.