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The Ruling on Selling the Skins of Qurban
In performing qurban, Muslims are faced with many questions about the rulings and procedures of its implementation. One of the most common questions is ‘is it permissible to sell the skin of the qurban animals?’. This question arises from the fact that the skin is one of the parts of the qurban that is difficult to process and not desirable…
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How Mudharabah Akad Works in Sukuk Issuance
The Islamic capital market is one of the innovations in the field of Islamic finance that presents Islamic contracts and values in capital practices and transactions in the capital market. One of the innovations in securities issuance in the Islamic capital market is sukuk. Sukuk itself is defined based on the fatwa of the National Sharia Council of the Indonesian…
Read More » - Islamic Economics
Principles of Generosity in Trade in the Hadith of Prophet Muhammad ﷺ
Trade is an essential part of human life. Since the dawn of civilisation, humans have engaged in trade as a way to meet their needs, be it food, clothing, housing, or other goods. Trade also enables the exchange of ideas, cultures, and innovations between different societies. In the Islamic context, trade has a very important place. The Prophet Muhammad ﷺ…
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6 Good Deeds in the First 10 Days of Dzulhijjah Month
The month of Dzulhijjah is a very special month in the Islamic calendar, because it contains various major acts of worship such as Hajj and sacrifice. The virtues of this month are confirmed in the Hadith. The Prophet Muhammad (peace and blessings be upon him) said: مَامِنْ عَمَلٍ أَزْكَى عِنْدَ اللهِ عَزَّ وَجَلَّ، وَلَا أَعْظَمَ أَجْرًا مِنْ خَيْرٍ يَعْمَلُهُ فِيْ…
Read More » - Islamic Economics
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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The Virtue of Almsgiving: Charity Does Not Reduce Sustenance
Charity is one of the most highly recommended deeds in Islam. Many people think that giving alms reduces their wealth, but in fact, it opens the door to greater sustenance. In this article, we will explore the Quranic and hadith arguments that confirm that sadaqah does not reduce wealth, but rather the opposite. Quranic Proofs A. Allah ﷻ Says in…
Read More » - Islamic Economics
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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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…
Read More » - Islamic Finance
Why Should We Use Sharia Contract in Muamalah?
With a long history that dates back to Prophet Muhammad’s involvement in commerce at a young age, his example continues to serve as a model for ethical and successful business practices guided by Islamic principles. The concept of entrepreneurship is not a new concept, it has existed since the time of the Prophet Muhammad. Rasulullah himself is a very good…
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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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