In recent years, attempts have been made to engage Muslim scholars in the ongoing debate in the area of business ethics in the West. At the center of this debate is the role of ethical principles and rules in the moral assessment of an action in West...
In recent years, attempts have been made to engage...
Islamic ethics, mediated through God's will, is an integral part of Islamic law: theShari`ah. TheShari`ah is the divinely ordained blueprint for human conduct, which was inherently and essentially religious. It enjoys comprehensive scope, for it enco...
Islamic ethics, mediated through God's will, is an...
Islam required a good public order in which spiritual interests were organically related to individual material well-being. Hence the law of the marketplace was given almost equal weight with the regulations connected with acts of worship in the mosq...
Islam required a good public order in which spirit...
Mr. Kamaluddin's case underscores one of the fundamental value differences in business practice between Muslims and their counterparts in the West, namely, the ethical status of interest related transactions. Religious rulings related to the charging...
Mr. Kamaluddin's case underscores one of the funda...
Mr. Kamaluddin, a highly successful businessman, was faced with an ethical dilemma of a religious kind when he bought his company some twenty-three years ago. At first he did not let the owner of the property know that he had an ethical and religious...
Mr. Kamaluddin, a highly successful businessman, w...
University of Virginia Perhaps one of the most difficult issues in Islamic concern for fairness in business dealings is its prohibition of business transactions that call for charging riba (usury and interest). Riba, in its Qur'anic meaning, means pa...
University of Virginia Perhaps one of the most dif...
1904. There are two taxable limits of gold: The first limit is 20 mithqals (legal).one mithqals being equal to 18 barley grains. Hence when the quantity of gold reaches 20 mithqal (15 current mithqals) and other requisite conditions are also fulfille...
1904. There are two taxable limits of gold: The fi...
1905. There are two taxable limits of silver: The 1st limit is 105 current mithqals In case, therefore, the quantity of silver reaches the 1st limit and other necessary conditions are also fulfilled one should pay 2 1/2% of it (2 mithqals and 15 gram...
1905. There are two taxable limits of silver: The ...
1916. As regards payment of Zakat on camels, cow and sheep (including goats) there are two additional conditions also besides the other usual conditions:(i) The animal should not have worked throughout the year. In case. however, it works for a day o...
1916. As regards payment of Zakat on camels, cow a...
1918. Camel has 12 taxable limits:(i) 5 camels and the Zakat on them is one sheep. So long as the number of camels does not come up to this, no Zakat is payable on them.(ii) 10 camels and the Zakat on them is 2 sheep.(iii) 15 camels: and the Zakat on...
1918. Camel has 12 taxable limits:(i) 5 camels and...
1920. Cow has two taxable limits. Its first taxable limit is 30. If the number of cows owned by a person leaches 30 and other conditions mentioned above are also fulfilled, he should give by way of Zakat a calf which has entered the 2nd year of its l...
1920. Cow has two taxable limits. Its first taxabl...
Goods earned by commutative contracts, and set aside for investment in business or profit earning, is, as a precaution, liable for Zakat if certain conditions are fulfilled. The rate of Zakat is 1/40.(i) The owner of the goods should be baligh and sa...
Goods earned by commutative contracts, and set asi...
1921. Sheep has 5 taxable limits: The 1st taxable limit is 40, and its Zakat is one sheep. And as long as the number of sheep does not reach 40, no Zakat is payable on them. The 2nd taxable limit is 121, and its Zakat is 2 sheep The 3rd taxable limi...
1921. Sheep has 5 taxable limits: The 1st taxable...
1933. Zakat can be spent for the following purposes:(i) It may be given to a poor, or a destitute person, who does not possess sufficient means to meet his own expenses as well as those of the members of his family for a period of one year. However, ...
1933. Zakat can be spent for the following purpose...
2032. One should give fitrah with the Niyyat of Qurbat, that is, to fulfil the orders of Almighty Allah, and should intend to be giving fitrah at the time of disposal.2033. It is not correct to give fitrah before the month of Ramadhan, and it is bett...
2032. One should give fitrah with the Niyyat of Qu...
2022. As an obligatory precaution Fitrah should be paid to Shiah poor only, who fulfil the conditions mentioned for those who deserve receiving Zakat. But if there is no deserving Shiah in one's hometown, it can be given to other deserving Muslims. B...
2022. As an obligatory precaution Fitrah should be...
1999. At the time of sunset on Eid ul fitr night (i.e. the night preceding Eid day), whoever is adult and sane and is neither unconscious, nor poor, nor the slave of another, he should give, on his own behalf as well as on behalf of all those who are...
1999. At the time of sunset on Eid ul fitr night (...
1965. A person should give Zakat with the intention of Qurbat, that is, to comply with the pleasure of Almighty Allah. And he should specify in his Niyyat, whether he is giving the Zakat on his wealth, or Zakatul Fitra. Also, if it is obligatory on h...
1965. A person should give Zakat with the intentio...
1950. It is necessary that the person to whom Zakat is paid is a Shi'ah Ithna'ashari. If, therefore, one pays Zakat to a person under the impression that he is a Shi'ah, and it transpires later that he is not a Shi'ah, one should pay Zakat again. 195...
1950. It is necessary that the person to whom Zaka...
1933. Zakat can be spent for the following eight purposes: It may be given to poor person, who does not possess actual or potential means to meet his own expenses, as well as that of his family for a period of one year. However, a person who has an ...
1933. Zakat can be spent for the following eight p...
1837. If Muslims fight against the infidels by the command of the Holy Imam (A.S.) and, in the war, acquire some booty, that booty is called Ghanimat. And it is obligatory to pay Khums on what remains after deducting the expenses incurred for protect...
1837. If Muslims fight against the infidels by the...