Wednesday, August 27, 2008

Mudharabah

Assalamu 'Alaikum

Mudharabah

The icon of pure Islamic banking and the most maligned concept. Fourteen centuries ago a very special young man entered into a business relationship with a widowed noble lady of Makkah. She provides the capital; he buys goods and brings them for trade in Sham (Syria). Profits from the venture are shared based on a ratio as preagreed between them; any and all business losses are borned by the noble lady. The young man, Prophet Muhammad s.a.w, an icon of trustworthiness, captured the heart of the noble lady, Siti Khadijah r.a. She became his wife, and the rest, as they say is history.

Saturday, August 2, 2008

Hounding Hudud : the abysmal failure of Muslims to do dakwah

Assalamu 'Alaikum

Hounding Hudud : The abysmal failure of Muslims to do dakwah

Let’s not even begin to discuss the merits or demerits of Hudud. That’s not where we should begin any discussion on Hudud. We need to explore and identify, the world view of the debaters before we begin the debate. If one is well learned, enlightened and knowledgeable on the subject and the other is well, none of the above, we should first focus on bringing that party’s world view up to scratch before commencing the debate. If we are debating the subject of physics we can see the folly of a university professor debating the subject with a sixth former.