The Sharia Laws of Islam

7 Rules in Debt collecting (Part 01)

7 Rules in Debt collecting (Part 01)

7 Rules in Debt collecting

Author: Ustadz Ammi Nur Baits (Advisory Board of Konsultasisyariah.com)

In the name of Allah, peace and prayer of Allah be upon His messenger, amma ba’du,

In Islam, theres no deed that is wasted, even just by giving a small aid to others, including lending money to others that is sure to be returned. While we know that lending money for a short period will not decrease our wealth, aside from the propaganda of the disbelievers about devaluation of money over time (time value of money).

However, mostly the creditor are worried when their money is in other people’s hand. And Allah the Most Generous never waste righteous deed of His slave; even though the only thing that he sacrifices is his feeling and anxiousness over the credit, Allah will replace it with His reward.
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The Sharia Laws of Islam

Ruling of Arisan( Gathering) of Household Equipment

gathering of household equipment

Ruling of Gathering of Household Equipment

Assalamu’alaikum. May Allah bless you.

Ustadz, I’d like to ask. What is the ruling of holding a gathering of household equipment,  in which I as the host of the gathering provide the equipment. For example, a pan. The price of a pan is IDR 500,000. Thus, we make a gathering of five person for five months, and each member pays IDR 100.000 monthly.

The question is:

What is the ruling for my action, if I as the host – as well as reseller of pan- buy a pan from the supplier with the price of IDR 400.000, and I provide it for the gathering I created with the price of IDR 500.000? Is it permissible, bearing in mind that from that gathering, I receive monthly profit of IDR 100.000 from the price of pan?

May Allah reward you greatly.

Sent from Yahoo Mail for Android.

Answer:
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The Sharia Laws of Islam

The World is for you, not you for the world!

The World is for you, not you for the world!

Very strange indeed, if human pursues the world that was created for him, to the extent that it seems that he is the one created for it – protection belongs to Allah alone -, in which he slaves himself to the world with utter devotion, forcing his body and soul, sacrificing his relaxing and family time for it….to get what? He may loose it in a blink of an eye! He may go out of his home, never to return, or sleep on his bed, never to wake again, and these things happen for real.
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The Sharia Laws of Islam

Mudharaba of Shari’a Bank: Sharing Usury that is masked with the label “Shari’a”

Scholarship from Bank

Sharing Usury that is masked with the label “Shari’a”

Inside the practice of mudharaba product in shari’a bank, there is a controversial stipulation, that is: the mudharib (fund manager) is required to give full warranty over the fund lent by bank from any kind of loss. The product is considered as a new invention in mudharaba that is never been seen before. It is called mudharabah musytarakah.

mudharabah musytarakah is a combination of two words, mudharabah and musytarakah.

The meaning of mudharaba is transaction of investment between the funder (money/asset owner/shahibul mal) and the fund manager (mudharib) to start a certain business with profit-sharing system based on percentage agreed by both parties, whereas the loss of capital will only be borne by the funder.

Musytarakah means: union, combination or group. Thus essentially, Mudharabah musytarakah is a common mudharaba modified into a product of shari’a bank to replace  saving/deposit with interest of conventional bank.
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The Sharia Laws of Islam

Income from Unlawful Source due to Cluelessness

income-from-unlawful-source-due-to-cluelessness

Income from Unlawful Source due to Cluelessness

Author: Ustadz Ammi Nur Baits

In the name of Allah, peace and prayer of Allah be upon His messenger. Amma ba’du,

Firstly, there are two kinds of ignorance:

Tolerable ignorance. This is when a person is totally ignorant (clueless) about shari’a laws.

Intolerable ignorance. This is ignorance because the person belittles and refuses to know about shari’a laws. Or he deliberately shut his chance to know, because he afraid that what he learns contradicts his act. This kind of person, even though he doesn’t know, his status is as people who know. Because basically, he refuses to know, and not that he is clueless.
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