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Riba and Currency Exchange (Sarf)

Unfortunately in this secular age often Muslims do not seek to learn the Shariah rules properly before engaging in actions thus fall into sin for not learning the rule before acting and secondly run the risk of falling into the kaba'ir sins like riba . The following chapter from the excellent work,  'The Economic System in Islam' by Sheikh Taqiuddin an-Nabhani elaborates the Islamic rules of currency exchange. Riba and Currency Exchange ( Sarf ) riba (interest/usury) is the practice of taking property (or anything that serves as a medium of exchange) for another property of the same type unequally. The money exchange ( Sarf ) is the practice of taking a property for another property from gold and silver of the same type equally, or of two different types equally or unequally. The exchange can only take place in trade, as for usury, it can only happen in a trade ( bay’u ) transaction, in a loan ( qardh ) or in a Salam (advance sale or forward buying). Trading

Charlie Hebdo and French Government Islamophobia

By Dr. Reza Pankhurst September 27, 2012 After the reaction to the anti-Islam film “The Innocence of Muslims”, it was only a matter of time before the next deliberate provocation added fuel to the fire. The French magazine  Charlie Hebdo  duly obliged, last week  publishing cartoons mocking the Prophet Mohammad  on September 19 in what was considered by many Muslims worldwide as a further gratuitous affront to Islam. The magazine has previously engaged in incitement, when last year it printed offensive cartoons ridiculing Islam while then announcing that its edition would be guest-edited by the Prophet Mohammad, leading to its  office being firebombed in November 2011 . In this instance, the French government responded quickly, understanding that in the context of protests against foreign embassies across the World French interests abroad could be threatened. A number of French embassies across the Middle East were duly closed over the last weekend, and  the French Prime Minist

Freedom of Speech: An Islamic Perspective

Umm Ibtihal No Muslim can ever bear the insult of the beloved Prophet of Islam (saw). It is therefore hardly surprising that the recent film attacking the honour of the Prophet (saw) has drawn escalating outrage from Muslims all over the world.  To add fuel to the fire, a French magazine has now published some extremely derogatory caricatures of the Prophet (saw). Those defending such actions claim they are upholding freedom of speech; and freedom of speech can never be curbed regardless of the consequences. The grossly hypocritical nature of this elusive concept is however quite apparent for all to see.  Europe, for instance, imposes legal and social limits on freedom of expression; publication of anti-Semitic cartoons would almost everywhere be liable to legal prosecution. In some of the European countries it is against the law to say that Hitler did not murder millions of Jews. But, it appears that it is quite acceptable to ridicule Islam and the Messenger of Allah (saw)