Monday, 28 August 2017

Teachings of Islam Proven to Make Your Business a Success

In the medieval times, Muslims have been called fore-runners in business, science and other areas of civilization. The principles of Islamic financial transactions span back to the 14th century. The early Muslims involved in trade and product that created opportunities throughout the Mesopotamian colonies down to West Africa. This enhanced the fiscal strength of the Muslim community exponentially.

Here are some of the success hints harnessed from the early Muslims.

#1 Establish a good intention:

Abu Bakr (RA) was a wealthy merchant that ran his business with integrity. He had been the first man to attest to religion. When he became Muslim, he continued his business and was also calling to the path of Allah. Some distinguished companions accepted Islam at this case of Abu Bakr. One of which were: Uthman bin Affan, Zubair bin Awam Talhah bin Ubaidullah, Abdur Rahman bin 'Auf, Sa’ad bin Abi Waqas and Abu Ubaidah bin Al-Jarrah (RAM). These were men of standing who afterwards proved to be great assets for Islam. They were all from the ten whom Allah gave glad tidings of heaven from earth. Really this activity of Abubakr earned him supreme success both in his life and afterlife. In connection with business, begin with a great intention, have a positive mind, hit the floor running and aim for achievement in both worlds.

#2 Indulge in 'Halaal' trades:

Besides usury, Muslims also have to avoid any Company Related to alcohol, gambling, pornography and all that Islam prohibits in entirety. Although, a few of those businesses seem rewarding. However, there is no success in helping evil behind the scene. Moreover, we are prohibited from hoarding up products in anticipation of scarcity. This can be done with the intention to make massive profit once the actual scarcity occurs.

#3 Build trust through sincerity:

A Fantastic example can be cited from the life of the messenger of Allah (PBUH). His sincerity with Khadijah was what earned her love for him. There should also be equity in prices. While Islam does not set profit limitation, there is also no need to exploit client's naivety. If there's any fault at the great, its best one shows it or fix it before purchase.

Another common practice in recent times is modification of measures. It's so rampant that even gas stations do it in certain geographical locations. This is an act that's quite detestable as it incurs the anger of Allah.

#4 Steady cash flow procedure:

Always adopt the principle of cash tender for goods. In as Much as you are able to avoid incurring debts and welcoming debtors because it does little good to a running company. Also, swap and exchange deals are discouraged due to sophistication stemming from inferiority and superiority of things. It's a good idea to sell goods once there is an appreciable profit obtained on the product. This aids in recycling and preserving wealth.

#5 Start little, expand big:

1 secret of business success is diversification and reinvestment of profits. A great example could be taken from the life span of Abdur Rehman ibn 'Auf (RA). When he migrated to Madinah, his ansari brother contributed half of his wealth to him. In return, Abdur Rahman (RA) told him:

"May Allah bless your wealth and loved ones. Just show me the Way to the marketplace."

He set out by selling dried butter milk with just two dirhams. He afterwards moved to selling horses and made more gains by incorporating the Saddles to his inventory. As Allah blessed him more, he expanded into agricultural Produce and export commerce. He was stupendously wealthy and he contributed generously in charity.

Thursday, 24 August 2017

What does Islam say about Wealth?

When it comes to the issue of wealth and money, we need to know the notion of money and riches.

Why is it important for the average Muslim to study this topic and to learn the essentials of Islamic finances?

1. We think as human beings that Allah created us with a tendency to love wealth and money.

Allah (subhanahu wata’ala) states, "And you love wealth with passionate love." This implies we love it more than anything else in this life. How many folks do you know who are ready to lose their lives instead of give their car at no cost? How many men and women are ready to lose their lives to get a horse, property, a home.

Because of this love, we always like to see our prosperity going Upward and panic when it goes down. Allah says, "Truly, insaan are fearful creatures. When he is afflicted by a trial, he begins panicking, but when they're given a lot of the blessings of Allah, they return. Few of My servants are grateful." We get anxious easily. Those that are thankful are the least.

2. We do not realize that maal belongs to Allah (subhanahu wata’ala).

Allah says, "Give them from the cash of Allah, he has given you." You were smart enough to come across the right and proper means to get there, but it's because Allah (subhanahu wata’ala) made it effortless for you. Click here for more information on the subject.

3. Since It's the money of Allah, Allah says we're entrusted with it. We're the trustees.

Allah says, "Believe in Allah. Believe from the messengers. Give in charity out of what Allah made you a citizenship." This money is a hope and Allah will see how we cope with this. Are we going to be grateful or ungrateful?

4. Money is considered rizq.

Allah promised that Nobody will die until he meets his provision and lifetime. When you die, your supply came to a conclusion. The Prophet (sal Allahu alayhi wa sallam) said, "The ruh came to me and motivated that no soul will die until he meets his rizq (provision) and duration." When they die, they die when their term is over and their supply came to a conclusion.

Happy Muslim Family

5. Why are individuals of different classes?

There's upper class, upper middle class, lower class. Is it Acceptable to classify people based on courses? Allah said, "He's the person who made you generation after generation in the world. And He raised you in ranks and classes and channels one over another to attempt you and test you for what he's given you."

6. Why did Allah choose us to become lower middle class Rather than upper middle class?

Why was I born in a household that has nothing? We always want more and more. Some people may be born in enormous riches but were unhappy. In regards to the distribution of wealth, Allah says, "It's those who distribute the rahmah of Allah among themselves? It is He who distributes their rizq and supply in this life and this universe." Allah makes the supply. Allah says, "We left them courses / levels / levels one over the other so that they may employ one another." Imagine if everyone is a millionaire -- what would life look like? Would that even be possible? No, it would not be possible. Who'd be your maid with low wage income? If everybody was poor, who will lead the world and the ummah to advance and improve in this lifetime? It would be extremely tough.

This does not mean to enslave, but it means to use -- use Their talents and abilities and solutions and both benefit. Allah says, "And the Mercy of Allah is truly better than anything they're hoarding and collecting."

7. Allah demands of us that if He blesses us with a ni'ma, We discuss it with others.

What do we mean by discussing? 2.5 percent is given to the poor -- that is zakah. It's purification of the heart and of their wealth and money. Allah wants us to talk with the bad. "And people who know that they have in their own money a incredibly determined / measured percentage / haqq for the beggar and destitute." Zakah is due once you have the nisaab. If Allah blesses you with riches, and you have the nisaab and an whole year passes by and your prosperity never goes under the nisaab, then you are bound to pay 2.5 percent of whatever you've got in the end of the year to the bad. It doesn't matter if you neglect -- that the money becomes due! You want to compute it and give it away to the poor or an agency to deliver it on your behalf. The zakah is a right, and you need to give it away to the poor.

What's a du’a to make to be able to increase wealth? Allah (swt) gave us in the Qur'an and Sunnah many halal sources of earnings, and These sources of income are extremely straightforward and don't need much effort. They Require a whole lot of ikhlaas -- sincerity from the center and it'll put a good deal of barakah.