Islamic Revival

The share market rising by 2100 points or 15% and investors gaining 6.5 lakh crore rupees in just 60 minutes was touted as a return of confidence in the market. Let us analyse whether that was really so, or was it just a jugglery by a few manipulators? The result of India’s general election began on 16th May 2009. The next day was spent in grappling with the impact of the result. On Monday, May 18, 2009 the NSE and Mumbai stock exchange saw this unprecedented surge. Was this surge due to some fundamental change in the working of the market? Was it because the companies had improved their profits? Was it because just in one day the incoming government had infused some legislation that benefitted the market? Was it because the global economic crises had subsided? Clearly the answer to all these questions is in the negative. In the absence of any of these factors, how could investor confidence go up just by the result of an election and that too, of the same political party who was alre

The following is an Urdu article published in the Urdu Daily Munsif from Hyderabad, India. It is written by one of the activists working for the return of the Khilafah, the scholar Maulana Mufti Habeeb ur-Rahman Qasmi. It is entitiled, 'Islami riyasat ka hadaf - hukumrani ya islam ka nifaz' (The objective to establish the Islamic state only to rule or to establish Islam?'). http://www.khilafat.dk/pdfdata/urdu1.pdf

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 (Al-Hawala) is derived from transferring the right from one’s responsibility to another one’s responsibility. It is transferring by the one upon whom is the right of the one seeking the right from him to another one on whom he has a right. The transfer is established by the Sunnah. Al-Bukhari narrated via the way of Abu Hurayra that the Messenger of Allah (SAW) said: “ The delay of the rich man (in paying the right) is injustice. And if one of you is transferred on a rich person then let him follow him” and in other words: “Whoever i