Money Matters

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“The man with an unkempt hair and is dust-covered who is on a long journey. He raised up his hands to the heaven (in supplication) saying: ‘O my Lord! O my Lord!’ While sources of his food, drink and cloth are haraam and he is nourished by haraam. How then could his supplication be accepted?” (Sahih Muslim )

• The Evil of Craving for Wealth and Status - by al-Haafidh ibn Rajab al-Hanbalee [PDF] [Book]

Halal Earning & Spending

• A Mistake Worth its Weight in Gold - Inspiring Story !!
  From the Original Arabic Piece by Adel bin Muhammad al-Abdul 'Aalee - Translated by Abu Dujanah
• Craving For Wealth - Imam Ibn Rajab al-Hanbali
• Earning Lawfully - Imâm al-Haram Husayn ibn 'Abdul 'Azîz Aal Sheikh
• Scrupulousness (Wara`) - Imam Al-Bayhaqi - Taken from The Seventy-Seven Branches of Faith
• 18 Tips to Simplify Our Spending

Debts & Loans

• Warnings And Advises Regarding Debt - by Hussain Aalus-Sheikh - from Masjid Al-Haramain
  Summary: 1) Shari’ah preserves people’s rights. 2) The sanctity of the Muslim’s wealth. 3) Islaam warns against debt. 4) The Prophet refuses to pray over the one who died while still in debt. 5) Delaying payment of debt while able to is a form of transgression. 6) Advises to debtors, creditors and charitable people. 7) The virtue of tolerant creditors. 8) Warning against depriving workers from their rights.
• Transferance of a Debt from One Person to Another (Al-Hawaala) - Sahih Bukhari
• Loans, Payment of Loans, Freezing of Property, Bankruptcy - Sahih Bukhari

Business Transactions

• Forbidden Business Transactions - by Shaikh Saalih al-Fawzaan [ Download PDF Here]
• Questions and Answers on Business Transactions - Shaikh Muhammad Musa Nasr
• The Book of Business Transactions - Shaykh Ahmad An Najdee
  Based on Hidaayatur-Raaghib of Shaykh 'Uthmaan ibn Ahmad an-Najdee [d.1100] .
  Summarized and Translated by Moosaa Richardson.
• Sales and Trade - Sahih Bukhari, Book 34
• The Book of Transactions - Sahih Muslim, Book 10
• Commercial Transactions - Sunan Abu-Dawud, Book 22

Riba & Related

Those who eat Ribâ (usury) will not stand (on the Day of Resurrection) except like the standing of a person beaten by Shaitân (Satan) leading him to insanity. That is because they say: "Trading is only like Ribâ (usury)," whereas Allâh has permitted trading and forbidden Ribâ (usury). So whosoever receives an admonition from his Lord and stops eating Ribâ (usury) shall not be punished for the past; his case is for Allâh (to judge); but whoever returns [to Ribâ (usury)], such are the dwellers of the Fire - they will abide therein.(The Noble Qur'an - Al-Baqarah 275-281)

• Warning Against Riba (Usury) Transactions.doc - By Shaykh Abdul Aziz ibn Abdullah ibn Baz
  Translated by Jalal Abualrub [ Download PDF here]
  This is a short rebuttal of a research written by Dr. Ibraahim bin Abdullah AnNaasir, in which he tried his best to show the permissibility of most types of Ribaa (usury and interest) transactions that have appeared in recent times in the numerous financial institutions of the world. Hence, we thought English speaking Muslims would benefit from this translated response by Shaikh Abdul-Aziz bin Abdullah bin Baz, one of the noted scholars of our time and a staunch supporter and defender of the Manhaj of the Righteous Predecessors (As-Salaf As-Saalih). Shaikh Ibn Baz's response is a refutation of the misguided effort of Dr. Ibraahim An-Naasir to allow Ribaa transactions.
• Prohibition of Riba from Riyadh ul Saliheen
• Ar-Riba (Usury and Interest) - by Shaykh Abû Bakr Jâbir al-Jaza'iry
  Extracted from “Minhal al Muslim” published by Dar as Salam
• A Question of Interest by P.W Wilson
  Sheikh Ibn Baaz's Stance against the desire of the government to establish riba based institutions. Taken from 'A Question of Interest: the Paralysis of Saudi Banking' (pp.186-188)
• Credit and Debit cards
  • The ruling regarding using a credit card - by Shaykh Muhammad Saleh Al Uthaymeen
  • Buying goods using debit cards - Ibn Baaz - The permanant committee
• Installments
  • Buying in Installments with a Raised Price - by Shaik Nasiruddin Albanee
• Insurance
  • Ruling about life and property insurance - Ibn Baaz
  • Insurance - The Illusion of Security - by Sulaiman ath-Thniyyan - From Al Jumuah magazine
    - Teacher at the Imam University - Qaseem Branch
    Over any given period of time, anxiety befalls us as individuals, families, or organizations, and we are usually told that the ultimate solution lies in buying insurance. So much so, that in today's society, uninsured people are the subject of pity, for it is assumed that they are too poor to buy insurance. If they can afford it but do not buy it, they are directed to seek psychiatric help.
  • [Q&A] He fears that if he does not have health insurance he will become bankrupt - by Shaykh Muhammad Saleh Al Uthaymeen
• Saving Bonds or Certificates
  • Purchasing bonds that produce fixed returns - Majma’ al-Fiqh al-Islami
• Shares & Stocks
  • The Ruling about having shares in companies and banks - Ibn Baaz - The Permanat Committee
  • Having shares in the Islaamic Bank - Ibn Baaz - The Permanat Committee

Islammic Banking & Financing

• Islamic Economy - by Imâm al-Haramain Sa'ûd ash-Shuraim
• Research Report on Islamic Banking - by Muhammad Ariff
  by Mohamed Ariff, University of Malaya, taken from Asian-Pacific Economic Literature, Vol. 2, No. 2 (September 1988), pp. 46-62
• Introduction to the Principles Of Islamic Banking
  This article was published in the 10th issue of Nida'ul Islam magazine, November-December 1995
• Islamic Funding Structures And Financing Vehicles
  This article was published in the 10th issue of Nida'ul Islam magazine, November-December 1995

Inheritance and Wills

• Inheritance
  • Laws of Inheritance (Al-Faraa'id) - Sahih Bukhari
  • Rules of Inheritance (Kitab Al-Farai`d) - Sahih Muslim
• Wills
  • My Right to Janazah - The Islamic Will - by Saleh as-Saleh - 14 Pages [PDF]
  • The Wasiyyah (Will) of Imaam Al-Albaanee - by Shaik Nasiruddin Albanee
  • Wills and Testaments - Sahih Bukhari

Hadiths

• Mortgaging - Sahih Bukhari, Book 45
• Sales in which a Price is paid for Goods to be Delivered Later - Sahih Bukhari, Book 35

Links

• Concepts in Islamic Economics and Finance - An explaination of Islamic economics and financial systems, from scratch. A must-read for EVERY Muslim.
• http://muslim-investor.com/

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