KELANTAN DINAR AND DIRHAM HAVE ARRIVED

Probably the biggest news story of the millenium Courtesy of the Muamalat Council website For most of Malaysians the morning on Tuesday, 8th June 2010, was just another morning in their existence – monotonous run on the capitalist treadmill – nothing extraordinary indeed: the same tropical weather (+32C) outside, same sickening news in the media,…

Fair Trade – An Islamic Overview

by Hajj Asadullah Yate Fair trading (‘adl) in the market-place is based on trust. The establishment of healthy trade is an act of worship, modelled upon the trading practice of the Messenger of Allah, may the peace and blessings of Allah be upon him. As a principle, any exchange of goods is permitted as long…

May Allah Protect Us – A Lesson from Surah Tawba

In recent days my morning study has led me to reading from Surah Tawba and simultaneously referring to the corresponding section in the Tafsir Jalalayn (of the two Jallaludin’s). The surah refers a lot to both Jihad and Zakat and thus indicates the link, or at least the similarities, between the two of them. Of…

Banks Gang Up on Palestinian & Muslim Charities

The following news item is quoyed from the Chatity Finance website and their is also a linked blog post by Vibeka Mair. I thought it was important for Muslims to see that this is shocking and unprecedented behaviour, surprising even to those like myself who have been long involved in the charity sector Trustees of…

Northern Rock – Watch Out! -by Abu Bakr Carberry

I have felt compelled to write this short note to ensure that we understand the implications of the extra-ordinary events which occurred this week. Basically in the UK we are witnessing a run on a bank, Northern Rock customers have lost confidence in the bank and everyone wants their money. With all the talk of…

Alhamdulillah for Lloyds TSB Bank

This post was sent out through a different forum some time back but it makes sense to repeat it here. ———————————————————— Bismillah Yesterday one of the major British High Street banks announced that they are beginning to offer Islamic Banking to their Muslim customers, Allahu Akbar. They quite rightly state that official figures of 2…