العدد الحالي: آذار/مارس 2019       اختر عدد :
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Lokmanulhakim Hussain

مقالات الكاتب :

?The Principle of Need: How should it be Applied

ديسمبر 2013

In the process of Islamizing financial products to make them Shari’ah compliant, one is faced with the limitations of structuring them to be in line with Shari’ah principles and at the same time ensuring that they are able to compete with conventional financial products. This situation forces some Islamic financial institutions to introduce products which mirror their conventional counterparts based upon juristic opinions which are either, ...

Full Ownership in the Context of Zakat on Shares

اغسطس 2016

Zakat is an obligation upon Muslims provided certain conditions are met, one of which is full ownership of wealth. It is a condition agreed upon among scholars, as cited by Ibn Rushd in Bidāyat al-Mujtahid, “They [Sharīʿah scholars] agreed by consensus that zakat is obligatory on each Muslim who has freedom, maturity, sanity, and fully owns the nisab” (1425H: 2/5). Full ownership is defined by Al-Jurjānī in Al-Taʿrīfātas “the ...