From Vazhakkala Masjid:
- Continuation of the last week's qutba about economic etiquettes in Islam and the prohibition of interest.
- Earlier as well as now, people think that business and interest are same. In business, things are sold for a higher price. In interest, money is sold for a higher price. But, this is not correct. Because, in business there is a probability of profit or loss, whereas in interest based transaction, only addition is allowed.
- Some of us deal with house on "panayam" (what is the english word for this??), ie, a house is taken giving some big amount. House will be used for stay. After usage, house is returned and the money is also returned back. However this comes under interest. Rasool (S) has told that whenever some things are taken as "panayam", it should not be used. He has even told that if you give somebody some money as loan, you should not use that activity to take help from him in some other things. All these can come under bribe or interest. Similiarly we need to be careful on all our transactions whether it is halal or not.
- There is a way for us to get rid of the evil system. But if we feel helpless, nothing can be done. If we can sacrifice a little and try for better, surely changes can be made with the help of Allah. Every muslim should learn more on these.
Best Regards,
Iqbal
Vazhakkala Masjid-16th May 2008
Subscribe to:
Post Comments (Atom)
1 comment:
Assalamu alaikkum Brother...
I think there is some confusion with the example that you mentioned against panayam. Let me say that I am not aware of the Islamic pros and cons of such a transaction, but I wanted to hear something that clears my doubt.
A person accepts money from the one who takes his house on rent. The condition is that after an year, the money is to be returned. Now the house owner is not asking for no additional amount as rent during this period. He invested the amount in his business(risk based business only- like modifying or expanding his grocery shop) thinking he insha ALLAH can somehow manage to pay back the money after an year. Then after an year the house owner returns the money. Should this transaction be considered as a halal one or haram? Why?
I hope my doubt is clear to you and if your post already gives the answer, I am sorry to have not understood it from that directly, but would expect a reply to this. I appreciate your time and thanks for the clarification.
Jazzak ALLAH Khire.
Assalamu alaikkum
Post a Comment