The Quran and Hadith influence all facets of Muslim life. It is the responsibility of the mankind to resolve every issue with the knowledge and understanding bestowed by Allah, in the light of the teachings of Quran and Hadith. Quran and Hadith, the traditional sources of Islam, not only guide the spiritual lives of Muslims but also regulate their worldly affairs such as day-to-day financial transactions. This research paper discusses the influence of Quran and Hadith on two distinct but equally significant aspects of life, which are Sufism and Economics.…
‘Slumdog Millionaire’ presents money as something of high value and a symbol of wealth in comparison to the high level of surrounding poverty; this is clearly seen early in the film when gangster boss Javed is being driven through the slums, his rich façade contrasting with the surrounding poverty. The film commonly suggests that money corrupts; this can be seen in many instances such as when Jamal and his brother Salim begin scamming people into tours of the Taj Mahal or how Javed expresses his wealth through a richly decorated house. Matthew 6:24 explains that you either serve God or are a slave to money, this Christian perspective from the gospel ties in with the theme that money corrupts and emphases the fact that Jamal, Salim and Javed where all at a time slaves to money.…
Most religions teach that money is not a bad thing, (it is necessary to survival and people may have their own wealth as a result of their own hard work. Money is neither right nor wrong but what people do with their own money may be good or bad).…
Money is the motivating factor for most people nowadays and people will do almost anything to get it. Increasing your wealth has become a necessity in today’s materialistic society and continues to spread. People…
On a general basis, wealth is an accumulation of physical entities which hold great importance to us. These entities are objects such as money, land, jewelries, gold, precious stones and so much more. It is also a means were by people grade themselves or attain superiority over others. Wealth comes with power, prestige, honor, and integrity. Wealth is a very important tool in a society and that is the very means of survival in today’s world. In Charles Darwin’s evolutionary theory, he speaks of “survival of the fittest”. In today’s modern world when fittest is mentioned it actually means wisest, more intelligent or brilliant or clever. Even the strongest in a society cannot attain power without wealth. What an irony but that is the situation of the world and now people are misusing this privilege. The unreasonable use of this opportunity is what is causing inequality in a society.…
Islam is the world’s second largest religion with over 1.65 billion followers, which constitutes 24% of the world’s population (Kettani, 2010). Islam is a religion that encompasses all aspects of a Muslim’s life, from issues of an ethical, social and civil nature to economic and legal matters. In this way it is quite different to the secular view normally held in the West, which separates business decisions from religious consideration.…
* The concept makes it clear that all wealth belongs to Allah and that it must be handled responsibly.…
The Arabic word Zakat means purity and cleanliness. The word Zakat is derived from word “Tazkia”. In religious terminology, Zakat means that a Muslim who is in possession of certain amount of wealth or more, is required by his religion to spend 1/40 of it at the end of year on the poor, the needy and the wayfarer, an on such other items of charity and good doing, as are prescribed for it by God and the Prophet.…
One of the most important principles in Islam is that all things is belong to God, and the wealth is therefore held by human beings in trust. The word zakat means both ‘purification’ and ‘growth’ our possessions are purified by setting aside a proportion for those in need, and like the pruning of plants, this cutting the balances and encourages the new growth.…
Today you can see how much people are poor 2.5 billion are living less than 2 dollar…
The objective of the study is to explain the Islamic economic in general and public finance in particular which is aligned with the development of Islamic economy in today’s world. The literature in Islamic public finance is rich both in terms of coverage as well as scope of analytical content. Islamic public finance has been discussed and being practiced by the Muslim scholars ages ago. The elements in Islamic public finance can be gauged by numerous instructions in the Quran. It is heartening to note that this study is to give a clear understanding about contemporary economic works in accordance with the teaching of Islam. A clearer comprehension on Islamic public finance definitely helps having a better view of the whole. Besides, shariah is relevant to economic policies where the economic theory can be affected by the implications of these policies. When it comes to economic policy recommended by the modern economics, we must take into account the Islamic goals. It should not conflict with the rules and objectives of shariah. Therefore, we can analyze economic problems with a fresh insight and explore solutions which are distinctively Islamic.…
Islam is a complete code of life which offers its own social, political and economic systems to guide human behavior in all spheres of life. History has recorded that the economic system of Islam, for the first time in the world had established social and economic justice during the period of al-Khilafah al-Rashidah. In any ideal Muslim society, socio-economic justice is considered as one of the most significant characteristics for the social, political, and economic as well as all realms of human interaction. Exploitation and any source of unjustified enrichment in Islam are prohibited. The Holy Qur’an has emphatically instructed Muslims not to acquire each other’s property wrongfully. Islam is not an ascetic religion. It takes a positive view of life as the natural outcome of the belief that human beings are the vicegerents of Allah (Swt).…
If money is ruling force than how we can justify the golden sayings of holy prophet (PBUH) when he says that ignorant and wise cannot be equal- when he says that to get knowledge is the basic responsibility of every man-male and female. When holy prophet is giving much more importance to knowledge, education and wisdom then we have a reasonable right to ask those people who are the advocates of money that holy prophet did not give importance to money.…
The development of a modern society depends to a large extent on the nature and standard of higher education. Thus the role of higher education is to prepare competent, knowledgeable and far-sighted people for assuming various higher responsibilities. The growing importance of knowledge in the modern world can hardly be overemphasized, especially in the era of globalization and in a global environment which is fiercely competitive. Particularly, higher education has enormous potential to promote prosperity in the developing nations (UGC: 2006). In Bangladesh there was a time when higher education used to be considered a luxury in a society of mass illiteracy. However, towards the turn of the last century the need for highly skilled manpower started to be acutely felt every sphere of the society for self-sustained development and poverty alleviation. Highly trained manpower not only 294 Pakistan Journal of Social Sciences Vol. 30, No. 2 contributes towards human resource development of a society through supplying teachers, instructors, researchers and scholars in the feeder institutions like schools, colleges, technical institutes and universities. They are also instrumental in bringing about technological revolution in the field of agriculture, industry, business and commerce, medicine, engineering, transport and communication etc (UGC: 2005) Institutions which are grouped together to comprise the higher education sector vary from country to country. In the case of Bangladesh, higher education, also called the tertiary level education is generally used to comprehend the entire range and dynamics of post higher secondary education. This article is an attempt to address the problems and issues haunting the universities of Bangladesh and to explore the areas for father enhancement of these universities.…
From the other hand, the love of money can destroys our lives. Not only money by themselves, but the desire of them. The greediness can destroy individuals, break up homes and even bring down nations. When the love of material possessions, social status and political power are the driving force behind our desire for money, we become rooted in evil. People can also make money there god. It depends on whether money is in control of the person or the person is in control of the money. It is clear, when money is in control of person it can make a lot of harm.…