Islamic Economics
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Essential Conditions for Qurban: What You Need to Know?
Qurban, also known as “sacrifice,” holds significant religious importance in Islam. It symbolizes devotion, sharing, and emulating the actions of the pious. In this piece, we will delve into the regulations and principles governing qurban in Islam. Conditions of Qurban in Islam: 1. Conditions of The Person Who Performs The Qurban: Islam: The person performing the qurban must be a…
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Fulfilling Qurban While in Debt: Is It Possible?
Qurban is one of the acts of worship in Islam that has many pearls of wisdom and benefits. In qurban, we provide the pleasure of eating meat to those who rarely experience it and follow the example of Prophet Ibrahim (peace be upon him). However, there are some Muslims who have the intention to qurban but take on debt, either…
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Understanding the Proofs, Hadiths, and Rulings of Qurban in Islam
Qurban is an act of worship that has a deep meaning in Islam. It means sacrifice, sharing, and following the example of the righteous. In this article, we will discuss the proofs and rulings related to qurbani. The Proofs of Qurban 1. Surat Al-Kautsar, verse 2 Allah ﷻ says: فَصَلِّ لِرَبِّكَ وَانْحَرْ So establish prayer for the sake of your…
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Character of a Successful Muslim Entrepreneur
The character of a good Muslim Entrepreneurs is one that can support the sustainability of the business as our role model Prophet Muhammad ﷺ who has good characters and role models in trading or entrepreneurship such as Shidiq, Amanah, Tabligh, and Fathonah. In a business or entrepreneurship, be it trade, investment, or other types of entrepreneurship, as a Muslim, of…
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Sharia-compliant Entrepreneurship Concept
According to (Razak, 2018) states that Islamic entrepreneurship is a system, process, and practice in running a business in an Islamic way. Islam in question includes the way of life al-deen, namely all activities needed by Muslims in living life. Meanwhile, according to (Ibn Khaldun, 2001), sharia entrepreneurship is an effort to obtain and increase income by developing property own.…
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Definition of Gharar and Examples of Gharar in Transactions
In the realm of Sharia-compliant business transactions, we approach each deal with utmost caution, ensuring a thorough review of terms and conditions before finalizing any agreement. One of the things that is prohibited in sharia transactions is to contain elements of Gharar. This is because gharar is an element that can cause losses to one party or both, for this…
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What Can We Learn From Prophet Muhammad ﷺ’s Success as An Entrepreneur?
The life of Prophet Muhammad ﷺ is a perfect example of leadership that blends spiritual values with worldly skills. Apart from being a messenger of Allah, he was also an accomplished entrepreneur. In the Islamic view, the values of entrepreneurship can be drawn from various aspects of the Prophet Muhammad ﷺ’s life, ranging from business strategies to ethics in trading. Here…
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How Can Prayer Affect Sustenance?
Prayer, as one of the main acts of worship in Islam, has a very important role in the life of a Muslim. Apart from being a form of obedience to Allah ﷻ, prayer also has a great influence in earning sustenance. In this article, we will explore how prayer affects one’s sustenance, with reference to the Quranic and Hadith arguments.…
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Implementation of The Zakat System in The Modern Era
What is Zakat? Zakat is the third pillar of Islam, and it is one of the important pillars because relates to society and helps in the well-being public. Zakat term for taking part in treasures that have been required by Allah to be given to entitled groups to accept it. Condition mandatory Muslims giving zakat (Muzzaki) Muslim Baligh Sensible Assets owned…
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Islamic Economic System and the Prohibition of Interest (Riba)
Based on the data quoted from the State of the Global Islamic Economy Report mec state that people Islam as much as 2 billion all over the world have using an economic system Islam in various field started from halal products to fashion and financial systems Islam reached 4.8% equivalent with 3.1 trillion USD. Based on this data that use…
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