Tag: economy

The Credit Crunch: An Islamic Perspective

The current crisis has caused many people to question the very principles upon which conventional banking is based... ... more

The economy, in an Islamic prospective

In the realm of economics, the first thing that may come to mind is the collapse of the theories of socialism and communism. One should, though, also take a closer look at capitalism and how far its reality is from what it is supposed to be. ... more

Moneywise Kids

Give charity. Encouraging children to give charity from their own savings will reduce selfishness and teach them to be generous. They should be urged to share not only with people far away but also take them to shelters and soup kitchens where you volunteer your time together as a family. This will allow them to appreciate what they have and meet people who are (materially) poorer than them. Likewise, once they come of age, make them responsible for giving their own zakah. ... more

Trade: Regulations and Etiquettes

Trade is one of the important things in life; people’s life cannot be easy without trade. In life, the man needs many things; such as food, drink, clothes, houses, furniture, vehicles …etc. ... more

Allah will destroy Riba (usury)

In the past usury was practiced by individuals, but the great disaster in our era is that usury is turned to usurious banks which are protected and defended by constitutions and laws issued by governments in the socialist, communist, national, democratic ... more

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