Skip to main content

Posts

Part 9, The Islamic Rules of Trade - Mortgage/Pledging Security (Ar-Rahn)

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 MORTGAGE/PLEDGING SECURITY (AR-RAHN) The (rahn) pledge in the language is (thubut) the establishment and (dawam) continuity; and it is said that it is derived from (al-habs) the imprisonment. كُلُّ امْرِئٍ بِمَا كَسَبَ رَهِينٌ “Each person is a pledge over what he acquired (kasaba)” [TMQ 52: 21] and: كُلُّ نَفْسٍ بِمَا كَسَبَتْ رَهِينَةٌ “Each soul is a pledge over what he acquired (kasaba)” [TMQ 74: 38] i.e. (muqayyada) restricted. The pledge in Shar’a is the property which is given as security for the debt so as to pay back/offfr

Rabiul Awwal: The Month of Revival

The following is the draft translation of an article in Tamil: يَا أَيُّهَا النَّبِيُّ إِنَّا أَرْسَلْنَاكَ شَاهِدًا وَمُبَشِّرًا وَنَذِيرًا (45) وَدَاعِيًا إِلَى اللَّهِ بِإِذْنِهِ وَسِرَاجًا مُنِيرًا “O Prophet! Truly We have sent thee as a Witness, a Bearer of Glad Tidings, and Warner, and as one who invites to Allah’s (grace) by His leave, and as a lamp spreading light (Siraajan-Munir).” [TMQ 33:45-46] The month of Rabiul Awwal has special significance in the history of Islam. The birth and the death of our beloved Prophet (saw) happened in this month and the hijrah of Prophet (saw) to Madina to establish the Islamic state which changed the course of history also took place in this month. By scrutinizing these incidents we have lot of things to follow especially in our age of decline. Let us go deep into what they are, Birth of Prophet (saw) This is the month in which our beloved Prophet (saw) born (9 or 12 of Rabiul Awwal) who liberated the people from darkness (days of jahilliyah

One Ummah - One State Conference Videos

The high quality videos of the recent Urdu conference can be seen on the conference website: http://www.1ummah1state.com/conference/videos/videos-high The low quality videos on: http://www.1ummah1state.com/conference/videos/videos-low News coverage of the conference can be seen on: http://www.1ummah1state.com/conference/news-coverage