Islamic Law

Islamic Finance

Fundamental Features of Islamic Corporate Finance

Conventional corporate finance requires the managers of a firm to manage the financial and other aspects of the business in a manner that increases the market value of the firm and therefore the value of a shareholder’s investment in the firm.[1]  Apart from a few legal rules regarding wrongful trading and insolvency law, managers’ choices

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Islamic Finance

Importance of Avoiding Haram (forbidden) Economic Activities

by: Abdullah Fahim[1] In life, there are always two things: good and evil. Sometimes there are things which fall in between them, which is known as the ‘grey area’. According to Islamic teachings, everything good is considered ‘Halal’ or permissible and all the evil things are considered ‘Haram’ or forbidden. Whether something is good or

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Articles

Marriage, Culture and Islam

The institute of marriage is the most ancient institute that man has ever known. Since the time Allah Almighty created the first humans, the prophet Adam (alaihis-salaam) and Hawwah (Eve), He instilled a special feeling for a man to a woman. Their marriage took place in the heavens long before they were sent down to

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Islamic Law

How Many Takbeers are in Eid Salah?

Eid Salah is similar to all other salahs, except in one regard. It comprises of a few additional takbeers. Opinions of the Scholars According to Imam Abu Hanifa (rahimahullah), there are three additional takbeers in the first rak’ah before the Qir’ah (recitation) and three more in the second rak’ah after the Qir’ah. On the other

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Islamic Law

Islamic Rituals pertaining to a Newborn

Desire to have a child is embedded in the human nature. Love for one’s child is stronger in a human being’s instinct than for oneself. It is therefore not surprising that the process of having a child is one of the most significant stage of one’s journey in this world. Islam as a complete system

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Islamic Law

Jumuah (Friday) Prayer in the age of the Coronavirus

In the name of Allah, the most Merciful and All Merciful All praise be to Allah and salutations are due to His noble messenger. All Muslims should know that: (1) In England (likewise in every other country where restrictions have been put in place regarding religious, social and other gatherings), Friday prayer is not permissible

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