Do not chase after those who are going to the market before they reach the place.(Al-Bukhari & Muslim)
Islam also prohibits price manipulation;
Anyone who withholds goods until the price rises is a sinner. (Muslim).
Advertisement
Thus Islam espouses that free trade is a major factor in the enhancement of living standards of the general community, subject to some constraints on business in the interests of the wider community.
Central to Islam and human existence, which relates to all activities is Tawhid:
…a man's commitment to Allah, the focus of all his reverence and gratitude, the only source of value. What Allah desires for man becomes value for him, the end of all human endeavor.
Tawhid is the Islamic way of life, the fundamental of all Islamic civilization, which is process, means and end together. Tawhid is both the essence of the individual and the society he or she lives in. Tawhid is acceptance of one creator and His divine guidance of humanity. Tawhid implies both the mission and morality of humankind in both social and spiritual contexts.
Mankind's responsibilities under Tawhid fall into two categories, fard'ain which is an individual's obligation to perform his or her religious duties and fard kifayah, which is an obligation for man to serve the entire community, through services to each other, necessary for the community to live safely and comfortably. Thus the obligation to improve the Muslim Ummah (community) falls under fard kifayah, where undertaking business is the principle method of improving the economy and community;
Be involved in business as nine out of ten sources of income lie in business (Ihya)
Advertisement
The principles of Tawhid
The building blocks of Tawhid are the concepts of al-iman (belief), al-ilm (knowledge) and al-amal (pious acts and efforts). Al-iman is the belief in the existence of one God and Creator, with a commitment to His teachings and revelations, revealed through the Al-Qur'an, and Prophets, through the HadÄths and Sunnah, i.e., What the Prophet Muhammad said, did, agreed or disagreed to. Faith in Allah must be reflected in daily behavour, influenced by our moral system formed and contained within us. It is our inner self;
Faith is not expectations and not outward ornamentations, but implanted in the heart and realized through actions. (Ibn Najjar & Dailami)
Discuss in our Forums
See what other readers are saying about this article!
Click here to read & post comments.
119 posts so far.