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
Read Full ArticleThis 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
Read Full ArticleThis 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
Read Full ArticleThis 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
Read Full ArticleThis 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
Read Full ArticleThe 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
Read Full ArticleThis 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
Read Full Article"O ye who believe! Devour not your property among yourselves by unlawful means, except that you earn by trade with mutual consent"
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