 |
 |
Newsletter |
 |
 |
 |
 |
 |
You are currently not logged in, but you can still subscribe to our newsletter.
|
 |
 |
 |
 |
|
|
|
|
|
|
|
|
|
Category: Economics
 |
The Shariah and Copyrights
|
|
Description : Inspite of the mas’alah of copyright being quite simple and straightforward, the liberal Molwis have kicked up considerable dust around it. With their plethora of interpretations and personal opinions, they have made this question appear to be of an intricate kind. In fact, their argumentation has made it appear to be intractable.The simplicity of the question can be gauged from the quick and brief disposal of it by the Akaabir Ulama such as Hadhrat Maulana Rashid Ahmad Gangohi, Hakimul Ummat Maulana Ashraf Ali Thaanvi, Hadhrat Mufti Muhammad Shafi (rahmatullahu alayhim) and others. The seminar Molwis have written among themselves a couple of hundred pages of rigmarole dalaail (arguments and proofs) to substantiate their view of copyright being a valid tradable commodity In fact, one Molwi Saheb wrote about a dozen pages on the intricacy of the meaning and definition of the word ‘thing’ (shay’) which renders the whole exercise amusing.
|
Author : Mujlisul-Ulama of South Africa
|
|
 |
The Concept of Limited Liability
|
|
Description : The concept of juridical person and the idea of limited liability are cor-nerstones of the western capitalist economic system. Simply and truly a ‘juridical person ' is a non - existing or imaginary pers on created by western law. This imaginary or fictitious person is regarded as a legal entity supposedly having transacting and contractual ability and powers in the same or in almost the same way as a real, living human being. It is a ‘person' existing o n paper and in relation to the word ‘person' it is pure fiction. Although the ‘juridical person' is acknowledged and understo o d to be a figment of the imagination of men, it is nevertheless accorded some consequences in the capitalist system of economics. The two main consequences of the fictitious man created by western economists are:
(1 ) The acquisition of capital from investors
(2 ) Insulating the partners of the business enterprise against the debt they owe their creditors. This safeguard which the ‘juridical person' provides is termed the ‘principle of limited liablity'.
|
Author : Mujlisul-Ulama of South Africa
|
|
 |
Shares, Unit Trusts and the Shariah
|
|
Description : Investment in the so-called Islamic' banks is a question which concerns many Muslims who write to us seeking the directive of the Shariah regarding the permissibility of investing in the deals offered by these banks. The blanket sanction which some Maulanas have accorded to investment in these banks have thrown Muslims into confusion. The deals offered by these banks and their methods of operation make it clear that they are no better than the kuffaar riba banks. Muslims are misled by the Islamic terminology which is copiously employed by these banks to market their haraam products. Terms such as Mudhaarabah, Mushaarakah, Muraabahah, Ijaarah, etc., are the thin veneer under which the riba is concealed. Unwary and ignorant Muslims are given the impression that the investment deals offered by these banks all fit into the scope of the aforementioned Islamic contracts and agreements.
|
Author : Mujlisul-Ulama of South Africa
|
|
 |
Ar-Raddul Fiqhi
|
|
Description : Ar-Raddul Fiqhi (A Juridical Rebuttal), is a treatise written by Hadhrat Maulana Mufti Habeebullaah of Pakistan. The author is among the senior Ulama of Pakistan. He is the Shaikhul Hadith as well as the Chief of Specialized Studies at Jaamia Islamiyah, Karachi, Pakistan. Hadhrat Mufti Habeebullaah Saheb has written his treatise in refutation of Hadhrat Mufti Taqi Uthmaani's views and fatwas on the questions of:
(1) Interest on late payment of instalments
(2) Absolution of debt from debtors
(3) The legal entity called company with its limited liability.
This treatise is a concise response to the utter baseless western concepts of the capitalist system of economy. Hitherto many Muslims outside Pakistan labour under the false notion that whatever Hadhrat Mufti Taqi Saheb proclaims on the subject of economics is the final word of the Shariah.
|
Author : Maulana Mufti Habeebullaah
|
|
 |
Penalty of Default
|
|
Description : The present discussion in this booklet has been prompted by the view of permissibility of riba on late payments —the view which Hadhrat Mufti Taqi Uthmaani Saheb had published in his book, An Introduc- tion to ISLAMIC FINANCE. In his article captioned: Penalty of Default, Hadhrat Mufti Saheb propounded the view of permissibility. For this permissibility, Hadhrat Mufti Taqi Saheb resorted to a labirynthal discussion in which he presented extremely far-fetched arguments to render such riba permissible. In view of the gravity of the error of Hadhrat Mufti Taqi Uthmaani Saheb pertaining to the exceptionally grave crime and sin of riba, we deem it necessary to respond and to state the cor- rect view of the Shariah. Pork, wine, fornication, shirk and riba are such evils on whose prohi- bition the Ummah never differed. Every Muslim, be he illiterate, as long as he is not a lost modernist, knows and understands the prohi- bition of these evils. It is only the influence of the western capitalist system which has induced modernist Muslims and those who consort with them to soften the attitude against Islam’s harshness in prohibit- ing riba. Muslim modernists who have acquired credentials in west- ern secular institutions have set themselves up as ‘authorities’ of the Shariah which they subject to their whimsical interpretations which are invariably devoid of Shar’i substance.
|
Author : Mujlisul-Ulama of South Africa
|
|
|
|
|
|
|
|
|
|
|
Title