The Islamic social finance ecosystem – that includes Zakat (obligatory charity), Sadaqat (voluntary charity), Waqf (endowment), Qard al-Hasan (benevolent loan), Kafalah (guarantee), Takaful (co-operative insurance), and not-for-profit microfinance institutions in compliance with the principles of Islamic law (Shari’ah) – is well suited to support the United Nations’ Sustainable Development Goals (SDGs) in Pakistan, which are […]
Istijrar means purchasing goods time to time in different quantities. In Islamic jurisprudence, Istjrar is an agreement where a buyer purchases something from time to time; each time there is no offer or acceptance or bargain.
The Knowledge of Halaal and Haraam with respect to one’s income is a matter of grave importance, highly emphasized in our Deen. The Prophet ﷺ stated that eating from haraam earnings is one of the things that prevent du‘aa’s and righteous deeds from being accepted.
