Welcome to the Enlightenment section of San'at-o-Tijārat, where we offer guidance on commerce from Islamic faith and teachings. Our aim is to provide a deep understanding of the role of commerce in Islam and how one can conduct their commercial activities while adhering to the teachings of the Holy Prophet (sa)
This article titled "Why interest and war are two sides of the same coin" sheds light on the financial aspect of warfare and the link between economic systems and armed conflicts. It delves into the interest-based capitalistic system in the Western world and explores how it has contributed to some of the greatest wars in human history. The article also offers insights into the predictions that the Holy Quran has made on this subject, emphasizing that economic justice is essential to achieving peace. By examining the financial aspects of warfare and exploring the Islamic perspective, this article provides valuable insights into the root causes of conflicts and the potential solutions for a more peaceful world.
Originally published under the title of Why interest and war are two sides of the same coin in Al Hakam (online version) on December 18, 2020,
This article highlights a historic event in which Hazrat Mirza Masroor Ahmad (aba), Fifth Khalifah of the Promised Messiah and Worldwide Head of the Ahmadiyya Muslim Community, addressed a gathering of dignitaries from Singapore to espouse the economic principles of Islam. The keynote address emphasized the importance of having an open heart and high moral values and thanked the attendees for their presence. The article also discussed the significance of economists, scholars, and politicians in today's world and how their views and developments impact global economics and politics.
Originally published under the title The Basic Economic Principles of Islam – A Keynote Address in Singapore in The Review of Religions (online version) on 16 January 2014
This article, titled "Economic Concepts in Islam," delves into the basic principles of Islamic economics and emphasizes its spiritual and ethical dimension. It highlights that Islamic economics is not solely concerned with material wealth but also emphasizes the importance of justice, fairness, and social welfare. The article examines how Muslim scholars have adapted these principles to accommodate changing socio-political and economic circumstances. Islamic economics provides a complete system that defines the rules of engagement for social and economic behavior. This article offers insights into the fundamental principles of Islamic economics and how they can be applied in the modern world.
Originally published under the title Economic Concepts in Islam in Al Hakam (online version) on October 12, 2018
This article, titled "Cryptocurrency and Islam," explores the Islamic perspective on the use of cryptocurrency, a completely decentralized and unbacked form of currency that is revolutionizing the world of banking and finance. The article highlights the Quranic principles concerning permissible and forbidden things, emphasizing that investing money solely based on luck and chance is forbidden. The article offers insights into the debate on whether or not cryptocurrency can be considered a form of gambling and its compatibility with Islamic finance. It provides a balanced view on the topic and offers an Islamic perspective on the use of cryptocurrency that aligns with the principles of the religion.
Originally published under the title Cryptocurrency and Islam in Al Hakam (online version) on February 4, 2022
This article, titled "Injustices thrive through Western banks: Absolute justice requires recognizing God," focuses on the recent FinCEN Files about criminal money flow. The findings suggest that Western banks and governments have allowed widespread money laundering, facilitating economic inequality and various injustices, including feeding money to drug cartels, organized crime rings, human trafficking, terrorism, wars, corrupt leaders, and even illegal Israeli settlements. This article argues that recognizing God is essential to achieving absolute justice and explores the Islamic perspective on economic justice, offering insights into how it can combat financial corruption that underlies many of the world's injustices.
Originally published under the title Injustices thrive through Western banks: Absolute justice requires recognizing God in Al Hakam (online version) on 25 September 2020
The COVID-19 pandemic has had a massive impact on global economies, leaving every nation struggling to get back on track. This article explores the idea that capitalism is no longer effective and suggests that Islamic economics, with its emphasis on social justice, ethical values, and fair distribution of wealth, offers a viable alternative to the current economic system. The article delves into the fundamental principles of Islamic economics and its potential to help revive economies while promoting ethical values and social justice. It encourages a deeper exploration of the Islamic economic system as a viable way forward for post-COVID-19 economies.
Originally published under the title Post-Covid-19: Is Islamic economics the way forward? in Al Hakam (online version) on 19 June 2020
This article, titled "Does Capitalism Contain the Seeds of its Own Destruction?" discusses the fundamental role of time in economic life and how it intersects with the insatiable nature of human beings and the pathological accumulation of wealth that capitalism encourages. The article argues that the capitalist's objective is not only to maximize profit but to achieve a differential accumulation of wealth and to obtain illusory immortality through material goals. It raises the question of whether capitalism, with its focus on accumulation and growth, contains the seeds of its own destruction and the need to consider a more sustainable economic system.
Originally published under the title Does Capitalism Contain the Seeds of its Own Destruction? in The Review of Religions (online version) on 13 September 2020
Welcome to our Ask an Ahmadi Religious Scholar section, where you can ask questions related to commerce and business and how they correlate with the teachings of Islam. Our team of Ahmadi religious scholars is well-versed in the teachings of Islam and its application in modern times. We understand that there may be questions or concerns regarding various aspects of business and commerce from an Islamic perspective. Hence, we offer this platform to help you clarify your queries and gain a better understanding of the Islamic perspective on economic matters. We strive to provide you with accurate and informative responses, and we will direct your query to the scholar who is educated in the area of your inquiry. We will get back to you within 24 hours, with an answer that is grounded in Islamic principles and teachings.
The Holy Quran (4:29)
Please reach us at info@sanatotijarat.ca if you cannot find an answer to your question.
Khalifatul Massih IV Hazrat Mirza Tahir Ahmad (ra), in his speech at The London Mosque on August 21, 1984, explained that interest, or riba, is prohibited in Islam because it is considered an exploitative and unjust form of transaction. He stated that interest is a means of increasing wealth without contributing to society or the economy, and that it creates a system of haves and have-nots, leading to social and economic inequality. In Islam, wealth is seen as a trust from God and is meant to be used for the betterment of society, and interest-based transactions go against this principle. Additionally, Khalifatul Massih IV Hazrat Mirza Tahir Ahmad (ra) emphasized that the prohibition of interest is not only a religious injunction but also a practical economic principle that leads to a stable and just economic system.
Khalifatul Massih IV Hazrat Mirza Tahir Ahmad (ra), in his speech at The London Mosque on June 9, 1987, discussed the possibility of integrating the Islamic economic system with the Western economic system. He emphasized that the fundamental principles of the two systems are fundamentally different, and that a complete integration is not possible. He explained that the Islamic economic system is based on principles such as justice, fairness, and social responsibility, while the Western system is based on individualism and profit maximization. However, he also stated that some aspects of the two systems may be compatible and that a limited integration can be achieved. He emphasized the need for mutual understanding and cooperation between the two systems, with the goal of promoting justice, equity, and the well-being of society. Overall, Hazrat Mirza Tahir Ahmad acknowledged the differences between the Islamic and Western economic systems but advocated for finding common ground and areas of cooperation to promote a more just and equitable economic system.
In his speech at The London Mosque on April 16, 1994, Khalifatul Massih IV Hazrat Mirza Tahir Ahmad (ra) discussed whether all types of raffles, draws, and lotteries are considered gambling in Islam. He explained that according to Islamic teachings, any form of transaction that involves an uncertain outcome or relies purely on luck is considered gambling, which is prohibited. However, he also noted that there are some exceptions to this rule, such as contests that involve skill or knowledge, and where the outcome is not purely based on chance. He emphasized the importance of exercising caution and judgment when participating in such contests, and avoiding those that are clearly based on chance or are designed to exploit people's greed or vulnerability. Overall, Hazrat Mirza Tahir Ahmad emphasized the need for responsible behavior and adherence to Islamic teachings when it comes to participating in contests and games of chance.
In his speech at The London Mosque on August 21, 1984, Khalifatul Massih IV Hazrat Mirza Tahir Ahmad (ra) discussed whether the Quran's reference to mockery of the poor could be interpreted as referring to the promotion of usury. He explained that while the Quran does condemn the practice of usury and its exploitation of the poor, this particular verse is more generally about the dangers of arrogance and elitism. Ahmad noted that any form of derision or mockery of others, regardless of their social or economic status, goes against the principles of Islam, which teaches compassion and respect for all people. He emphasized the importance of treating others with kindness and dignity, and avoiding any behavior that promotes division or superiority.
In this audio answer given by Khalifatul Massih IV Hazrat Mirza Tahir Ahmad (ra) at The London Mosque on September 16, 1984, he discusses the permissibility of accepting bribes in certain situations. He explains that in Islam, bribery is strictly prohibited as it is a form of corruption and a violation of justice. Accepting a bribe can also lead to neglect of duty and favoritism, which can have harmful consequences for society. However, he notes that there may be certain exceptional circumstances where accepting a bribe could be permissible, such as situations where someone's life is in danger, and accepting a bribe could save their life. Nevertheless, Hazrat Mirza Tahir Ahmad emphasizes the importance of adhering to Islamic principles of justice and honesty, and avoiding situations where bribery may be a temptation.
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