8-13 Flashcards
Prohibted sales
Gambling, sell to second buyer and buying from second seller, Najash, , Riba (two kinds sale and debt usury)
Riba: and types
Riba: riba is considered prohibited or haram because it involves the payment or receipt of interest on loans or debts.
Loan Riba: This refers to the payment or receipt of interest on loans. In Islamic finance, loans are expected to be given as an act of charity or to fulfill a social obligation, rather than as a means of making a profit. Charging interest on loans is seen as exploitative and unfair, as it can lead to a cycle of debt that is difficult for borrowers to escape. Instead, Islamic finance encourages the use of alternative financing models, such as profit and loss sharing or leasing.
Debt Riba: This refers to the payment or receipt of interest on outstanding debts. In conventional finance, interest is often charged on late payments or overdue debts, which can add up over time and make it difficult for borrowers to pay off their debts. In Islamic finance, late payment fees are allowed, but they cannot be based on interest rates. Instead, they are usually a fixed amount that is meant to compensate the lender for any inconvenience or loss caused by the late payment.
Loan riba: Before giving money you give interest
Debt riba, is after you take the money if you default to pay on time then you pay riba
Sales ribe
Prohet muhammed said:
Gold is to be paid by gold, silver by silver, wheat by wheat, barley by barley, dates by dates, salt by saly, like for like and equal for equal. Payment being made by hand
Riba al-Fadl: This refers to the payment or receipt of excess in a transaction that involves the exchange of goods of the same type, weight, and measure, but with different qualities. For example, if a person sells a kilogram of gold for a higher price than another kilogram of the same type and weight, but with a lower quality, then this would be considered riba al-fadl. In Islamic finance, transactions should be based on fair exchange, and the price should be determined by the quality and quantity of the goods being exchanged.
Riba al-Nasiya: This refers to the payment or receipt of excess in a credit transaction, where payment is deferred or delayed. For example, if a person sells a car on credit and charges a higher price than the cash price, then this would be considered riba al-nasiya. In Islamic finance, credit sales are allowed, but they must be based on the actual cost of the goods or services being sold, and there should be no additional charges for the time value of money.
Riba a; fadl is when they have same commodity different weight
riba al nasiya: is when you pauay excess in a credit transaction
Riba al-Nasiya refers to the interest charged on a loan, meaning that a lender receives more money back than the amount they originally len
5 rules for commodity
Two riba commoties of the same kind:
Lawful on two conditions: immediate and equity in quantity
Two riba commodities different in kind but of the same operative use (ushc as being 100 dollars for 367 dirham): Lawful on one condition: Immedaite payment, equity is not conditional
Two riba commodities different in kind and cause: Lawful and neither equity or immediate payment is conditional
A riba commidty for a non riba commodity: lawful and neither immediate or equity is conditional
Two non riba commodities: lawful and neither equity nor immediate payment is conditonal
what is najash and selling to secon buyer
Means overbiding, one increases the price of a commodity that one does not intended to buy
elling to a second buy: Means selling a ocmmondity that is already sold to another person because they offered a better price
Gambling and forbidden betting;
Gambling and forbidden betting; is taking money on condition of winning from a losiing party
National service has two forms + benfits
General meaning: that your serving your nation in every possible way (such as cleaner such
Soldier is special meaning
Special meaning: is specific time you spend in the military service (with special training) and then you will be released,
young people prepared to defend thier country, it makes the enemies of the country fears them
If your country needs you to fight, it is permissible for you to defend your county
False, it is mandatory for you to fight
Globilization vs globilasm:
Globalization:
Globalization imposing a lifestyle on a country, while if I support globalization I see it as a way to cooperate with each other
globalism is the universal of Islam,
Islam doesn’t impose the rules and lifestyles to others
Types of globalization:
Cultural
Economic
Political
Globilization: Rich domoante poor
Globalism: all rights reserved for rich and poor
Creative thinking, factors assiting innovation and methodology of innovarion
That human innvoation is limited , that Allah creativity is unlimited
Factors assisting innovation:
The family is an incubator of innovation
Studying and searching for knowledge
Sincerity and perfection
The methodology of innovation:
Divine innovation
Creativitny in the holy quran
Creativity in the prophet sunnah
Creativity of mulsim scholars
The names of some muslim schcoalrs and the science they innovateivly excelled in
Al-khawrizmi: Alegrba and calculuc
Al-Idrisi: medicine and geogrpaghy/astrology
Bin sina: philospholy and medicine
Al-Biruni: physics and astrology
Jabir bin hayyan: chemsitry and geometry
Fiqh of priotizing acts
The importance fo understanding fiqh of pritotires
Examples of fiqh of priorities
of priorities, also known as “Fiqh al-Awlawiyyat” in Arabic, is a concept in Islamic jurisprudence (fiqh) that deals with the prioritization of obligations or duties. It refers to the process of determining which Islamic obligations take precedence over others in situations where it may be difficult or impossible to fulfill all obligations at once.
The importance fo understanding fiqh of pritotires
Perserving sharia purposes
Saving time and effort anr realzing competence achvienvet: knwodelge of fiqh
Prioritizing deeds on the bsais of importance
Realziing progress and prosperity
Examples of fiqh of priorities
Giving religious dutity over volunteery
Giving public interest precendce over private interest
Giving easiness and facilitation precedence over strenuous difficulty
Giving purposeful planning priority over decision aken in haste
Prioritizing spending
