o you who believe! do not devour your property among yourselves falsely, except that it be trading by your mutual consent, and do not kill yourselves. Surely Allah is Merciful to you.
[Chapter 4:29]
[Chapter 4:29]
Islam is a complete way of life. Allah, the Creator of humanity, has given us guidelines affecting many different aspects of our lives, including the economic aspect. There are a lot of information in the Al Quran and Hadith which describes how Muslims are to engage in economic transactions. Just as Muslims are obligated to obey the rules of Islam regarding prayer, fasting and ect., they are also commanded to obey the injunction regarding interest for example.
Reflecting the growing and the global Muslim revival, Islamic banking is widely regarded as the fastest growing segment of the international banking system. The remarkable growth and development of Islamic bank all over the world has produced greater accessibility to different services and transaction which satisfy the condition elucidated in the Al Quran and Hadith. Judging from the success of some of these banks, it may be that they are pioneers into a potentially huge and untapped market. To top it off, they are helping bring to reality the goal of economic Independence and strength to the Muslim.
Refference
http://www.usc.edu/dept/MSA/economics/
Al Quran
Reflecting the growing and the global Muslim revival, Islamic banking is widely regarded as the fastest growing segment of the international banking system. The remarkable growth and development of Islamic bank all over the world has produced greater accessibility to different services and transaction which satisfy the condition elucidated in the Al Quran and Hadith. Judging from the success of some of these banks, it may be that they are pioneers into a potentially huge and untapped market. To top it off, they are helping bring to reality the goal of economic Independence and strength to the Muslim.
Refference
http://www.usc.edu/dept/MSA/economics/
Al Quran
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