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Takaful
Takaful ( ar, التكافل, sometimes translated as "solidarity" or mutual guarantee) Khan, ''What Is Wrong with Islamic Economics?'', 2013: p.403 is a co-operative system of reimbursement or repayment in case of loss, organized as an Islamic or ''sharia'' compliant alternative to conventional insurance, which contains ''riba'' (usury) and ''gharar'' (excessive uncertainty). Khan, ''What Is Wrong with Islamic Economics?'', 2013: p.402 Under takaful, people and companies concerned about hazards make regular contributions ("donations") to be reimbursed or repaid to members in the event of loss, and managed on their behalf by a takaful operator. Like other Islamic finance products, Takaful is grounded in Islamic '' Muamalat'' (commercial and civil acts or dealings branch of Islamic law). In 2018, the takaful industry had grown to a size of $27.7 billion of "contributions" (from a 2011 figure of $12 billion). The movement has been praised as providing "superior alternatives" to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Muamalat
''Muamalat'' (also ''muʿāmalāt,'' ar, , literally "transactions" TBE, "CHAPTER A1, INTRODUCTION TO ISLAMIC MUAMALAT", 2012: p.6 or "dealings") is a part of Islamic jurisprudence, or ''fiqh''. Sources agree that ''muamalat'' includes Islamic "rulings governing commercial transactions" and Majallah al-Ahkam al-Adliyyah). JALIL, et. al., ''FOUR INTRODUCTORY THEORIES OF FIQH MUAMALAT'': p.8 However, other sources (Oxford Islamic Studies Online, Brian Kettell, and Wahbah al-Zuhayli’) give it a broader definition including civil acts and in general all aspects of fiqh that are not '' Ibadat'' (acts of ritual worship such as prayer or fasting). (See organizational chart of the structure of Islam below in "Principles" section.) Chik, ''Shariah in Islamic Finance'': p.5 Lee, "Islamic Banking Law", 2015: p.29 ''Mu'amalat'' provides much of the basis for Islamic economics, and the instruments of Islamic financing, and deals not only with Islamic legality but also social and econ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gharar
''Gharar'' ( ar, غرر) literally means uncertainty, hazard, chance or risk. It is a negative element in ''mu'amalat'' ''fiqh'' (transactional Islamic jurisprudence), like '' riba'' (usury) and '' maysir'' (gambling). One Islamic dictionary (''A Concise Dictionary of Islamic Terms'') describes it as "the sale of what is not present" — such as fish not yet caught, crops not yet harvested. Similarly, author Muhammad Ayub says that "in the legal terminology of jurists", ''gharar'' is "the sale of a thing which is not present at hand, or the sale of a thing whose ''aqibah'' (consequence) is not known, or a sale involving hazard in which one does not know whether it will come to be or not". Definitions, fiqh According to Sami Al-Suwailem, "researchers in Islamic finance" do not agree on the "precise meaning" of gharar, although there is not necessarily great difference among the Islamic schools of jurisprudence ( madhab) in the term's definition. The ''Hanafi'' legal school defines ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wahbah Al-Zuhayli
Wahbah Mustafa al-Zuhayli (1932 – 8 August 2015) born in Dair Atiah, Syria was a Syrian professor and Islamic scholar specializing in Islamic law and legal philosophy. He was also a preacher at Badr Mosque in Dair Atiah. He was the author of scores of books on Islamic and secular law, many of which have been translated to English. He was chairman of Islamic jurisprudence in the College of Sharia at Damascus University, and a signatory to the Amman Message and A Common Word documents. Biography Zuhayli was born in the Syrian town of Dair Atiah, north of Damascus, to a father who was a farmer by occupation. Zuhayli studied sharia in the University of Damascus for six years, graduating in 1952 at the top of his class. Zuhayli furthered his Islamic education at the prestigious Al-Azhar University where he again graduated at the top of his class in 1956. After graduating in 1956, Dr. Zuhayli also received an ijaza in teaching Arabic from Al-Azhar. While studying in al-Azha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
President And Fellows Of Harvard College
The President and Fellows of Harvard College (also called the Harvard Corporation or just the Corporation) is the smaller and more powerful of Harvard University's two governing boards, and is now the oldest corporation in America. Together with the Board of Overseers, the two boards exercise institutional roles more commonly consolidated into a board of trustees. Although the institution it governs has grown into a university of which Harvard College is one component, the corporation's formal title remains "The President and Fellows of Harvard College". History In 1650, at the request of Harvard President Henry Dunster, the Great and General Court of Massachusetts issued the body's charter, making it now the oldest corporation in the Americas. The subsequent Constitution of the Commonwealth of Massachusetts confirmed that, despite the change in government due to the American Revolution, the corporation would continue to "have, hold, use, exercise and enjoy" its property and l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jannah
In Islam, Jannah ( ar, جَنّة, janna, pl. ''jannāt'',lit. "paradise, garden", is the final abode of the righteous. According to one count, the word appears 147 times in the Quran. Belief in the afterlife is one of the six articles of faith in Sunni and Twelver Shi'ism, a place where " believers" (''Mumin'') will enjoy pleasure, while the unbelievers (''Kafir'') will suffer in '' Jahannam''. Thomassen, "Islamic Hell", Numen, 56, 2009: p.401 Both ''Jannah'' and '' Jahannam'' are believed to have several levels, in both cases, the higher the level, the more desirable -- in ''Jannah'' the higher the prestige and pleasure, in ''Jahannam'' the less the suffering. The afterlife experiences are described as physical, psychic and spiritual. Jannah is described with physical pleasures such as gardens, houris, wine that has no aftereffects, and "divine pleasure". Their reward of pleasure will vary according to the righteousness of the person. The characteristics of ''Jannah'' of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mu'min
''Muʾmin'' or ''mumin'' ( ar, مؤمن, muʾmin; feminine ) is an Arabic and Islamic term, frequently referenced in the Quran, meaning "believer". It denotes a person who has complete submission to the will of God and has faith firmly established in his heart, i.e. a "faithful Muslim". Also, it is used as a name and one of the names of God in Islam. The opposite term of '' īmān'' (faith) is ''kufr'' (unbelief), and the opposite of ''muʾmin'' is ''kāfir'' (unbeliever). In the Quran The Quran states: ( An-Nisa ) O you who believe! Believe in Allah, and His Messenger (Muhammad), and the Book (the Quran) which He has sent down to His Messenger, and the Scripture which He sent down to those before (him), and whosoever disbelieves in Allah, His Angels, His Books, His Messengers, and the Last Day, then indeed he has strayed far away. This verse addresses the believers, exhorting them to believe, implying multiple stages of belief. Difference between Muslim and ''Muʾmin'' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Imam Muslim
Abū al-Ḥusayn ‘Asākir ad-Dīn Muslim ibn al-Ḥajjāj ibn Muslim ibn Ward ibn Kawshādh al-Qushayrī an-Naysābūrī ( ar, أبو الحسين عساكر الدين مسلم بن الحجاج بن مسلم بن وَرْد بن كوشاذ القشيري النيسابوري; after 815 – May 875 CE / 206 - 261 AH) or Muslim Nayshāpūrī ( fa, ), commonly known as Imam Muslim, was an Islamic scholar from the city of Nishapur, particularly known as a ''muhaddith'' (scholar of hadith). His hadith collection, known as ''Sahih Muslim'', is one of the six major hadith collections in Sunni Islam and is regarded as one of the two most authentic (''sahih'') collections, alongside ''Sahih al-Bukhari''. Biography Muslim ibn al-Hajjaj was born in the town of Nishapur in the Abbasid province of Khorasan, in present-day northeastern Iran. Historians differ as to his date of birth, though it is usually given as 202 AH (817/818), 204 AH (819/820), or 206 AH (821/822). Al-Dhahabi said, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Muhammad Al-Bukhari
Muhammad ( ar, مُحَمَّد; 570 – 8 June 632 CE) was an Arab religious, social, and political leader and the founder of Islam. According to Islamic doctrine, he was a prophet divinely inspired to preach and confirm the monotheistic teachings of Adam, Abraham, Moses, Jesus, and other prophets. He is believed to be the Seal of the Prophets within Islam. Muhammad united Arabia into a single Muslim polity, with the Quran as well as his teachings and practices forming the basis of Islamic religious belief. Muhammad was born approximately 570CE in Mecca. He was the son of Abdullah ibn Abd al-Muttalib and Amina bint Wahb. His father Abdullah was the son of Quraysh tribal leader Abd al-Muttalib ibn Hashim, and he died a few months before Muhammad's birth. His mother Amina died when he was six, leaving Muhammad an orphan. He was raised under the care of his grandfather, Abd al-Muttalib, and paternal uncle, Abu Talib. In later years, he would periodically seclude h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ahmad Ibn Hanbal
Ahmad ibn Hanbal al-Dhuhli ( ar, أَحْمَد بْن حَنْبَل الذهلي, translit=Aḥmad ibn Ḥanbal al-Dhuhlī; November 780 – 2 August 855 CE/164–241 AH), was a Muslim jurist, theologian, ascetic, hadith traditionist, and founder of the Hanbali school of Sunni jurisprudence — one of the four major orthodox legal schools of Sunni Islam. A highly influential and active scholar during his lifetime,H. Laoust, "Ahmad b. Hanbal," in ''Encyclopedia of Islam'', Vol. I, pp. 272-7 Ibn Hanbal went on to become "one of the most venerated" intellectual figures in Islamic history, who has had a "profound influence affecting almost every area of" the traditionalist perspective within Sunni Islam.Holtzman, Livnat, “Aḥmad b. Ḥanbal”, in: Encyclopaedia of Islam, THREE, Edited by: Kate Fleet, Gudrun Krämer, Denis Matringe, John Nawas, Everett Rowson. One of the foremost classical proponents of relying on scriptural sources as the basis for Sunni Islamic law and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
God In Islam
God in Islam ( ar, ٱللَّٰه, Allāh, contraction of '' al- ’Ilāh'', lit. "the God") is seen as the eternal creator and sustainer of the universe, who will eventually resurrect all humans. In Islam, God is conceived as a perfect, singular, immortal, omnipotent, and omniscient god, completely infinite in all of his attributes. Islam further emphasizes that God is most-merciful."Allah." Encyclopædia Britannica. 2007. Encyclopædia Britannica According to Islamic theology, God has no physical body or gender, although he is always referred to with masculine grammatical articles, and there is nothing else like him in any way whatsoever. Therefore, Islam rejects the doctrine of the incarnation and the notion of a personal god as anthropomorphic, because it is seen as demeaning to the transcendence of God. The Quran prescribes the fundamental transcendental criterion in the following verse: "e isthe Creator of the heavens and the earth. He has made for you from ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
