Islamic Revival

Due to the current global financial crisis there is increasing interest in the Islamic Economic System, the most comprehensive book on this topic is 'The Economic System of Islam' by Sheikh Taqiuddin an-Nabhani. However as people have many questions relating to the Islamic rules of trade we will be posting related extracts from the draft translation of the Fiqh masterpiece 'The Islamic Personality, Volume 2' by Sheikh Taqiuddin an-Nabhani. It is not allowed to sell what you do not have It is not allowed to sell a good before completing its ownership so selling it in this situation is a void sale. This is verified in two situations. Firstly, that one sells the good before he owns it. Secondly, he sells it after buying it but before he completes owning it via taking possession in that whose completion of ownership is conditioned upon taking possession. This is because the sale contract only occurs upon owned property so that which is not owned yet or is purchased but it

The following is from the draft english translation of the Arabic book مقدمة الدستور أو الأسباب الموجبة له (Introduction to the constitution and the evidences that make it obligatory) published by Hizb ut-Tahrir 1382 Hijri (1963 CE). Please refer to the original Arabic for accurate meanings. Please note some of the adopted opinions of the Hizb have changed since the time the book was published so any of the adopted literature published after this book which contradicts what is mentioned in this book abrogates those specific points. Ijtihad is a duty of sufficiency and every Muslim reserves the right to perform Ijtihad provided he meets all its prerequisites. Explanation and evidences: The Islamic Shari'ah has made Ijtihad to deduce the Shari'ah rules from the address of the Legislator i.e. from the Shari'ah texts, revealed by Allah (swt) to the Messenger of Allah (saw), an obligation upon the Muslims. The fact that Ijtihad is an obligation has been confirmed through s

The following is the translation of a poll on the Al Jazeera website. After the outbreak of the global financial crisis, what financial system do you believe it is best for the world to follow? - The Capitalist financial system: 4.9% [1457 votes] - The Communist financial system: 6.5% [1915 votes] - The Islamic financial system: 88.5% [26069] Total no of votes: 29441 Source: http://www.aljazeera.net/Portal/KServices/supportPages/vote/vote.aspx?voteID=2352&yourAnswer=0&actionType=0&dispType=1