On Fiscal Laws

Contemporary Fatawa, Economics, Fiqh

Q. What is the deifinition of Riba according to the Holy Quran and Sunnah of the Holy Prophet ( Sallaho Alaihai Wasallam ). Does it cover the simple and compound interest existing in the present day financial transactions?

A. The word, Riba as understood from the Holy Qur’an and Sunnah, is any extra payment received over and above the prin- cipal amount, regardless of the fact that extra amount is significant or insignificant. Islam, therefore, considers the Riba Haraam, in all of its forms.

The Fuqaha have given two interpretations of the word, Riba, : Riba-al-Nasia and Riba al Fadl.

July 22, 2010

The Fast Of 15th Shaban

Contemporary Fatawa, Fiqh

Q. I have read the Shabaan issue of your magazine Al-BALAGH certain questions are bothering me with regard to fasting on the 15 th of Shabaan.I would like to explain the reason for this question. Several months ago a friend explained to me that there is no special significance of the fast of the 15th of Shabaan. However, he says this Hadith is absolutely weak to such an extent that one of its narrators was a person who was regarded by some scholars of Hadith as a fabricator of Hadith and a liar. Hence, he says that, untill another reliable Hadith can be found the fast of the 15th of Shabaan has no special virtue. He also explained to me the following points :

May 17, 2010

40 Hadith

Akhlaq & Spirituality, Hadith & Seerah

The Holy Prophet (sallallahu alaihi wasallam) said: “The one who learns and relates to others forty ahadith in the interest of the Deen and for the benefit of my Ummah, Allah Ta’ala will include him with the fuqaha and ulama on the Day of Judgment.”

This hadith has been narrated form Hazrat Zaban Ibn Jabal (ra), Hazrat Abdullah Ibn Abbas (ra), Hazrat Abu Huraira (ra), Hazrat Anas (ra), Hazrat Abu Darda (ra), Hazrat Abu Saeed (ra), Harat Ali (ra), Hazrat Abdullah Ibn Masood (ra), Hazrat Abu Amama (ra), Hazrat Masood (ra), Hazrat Abdullah Ibn Umar (ra), Hazrat Ibn Samra (ra), in different ahadith books with some minor differences.

August 18, 2008