we want to make our business shariah compiled? then “naafey”

8/7/2019 We want to make our Business Shariah Compiled? Then “Naafey”

http://slidepdf.com/reader/full/we-want-to-make-our-business-shariah-compiled-then-naafey 1/13

Making Businesses Beneficial in this World and Aakhira(Hereafter)

Making Businesses Beneficial in this World and Aakhira

1



2



: ) (

Hazrat Abu Ubaida (may Allah be pleased with him)said that virtuous business is that in which any actionof lie and sin is not performed.

Which Business Will Achievethis?

) /234 4/141(

The Prophet (peace be upon him) was asked that whatis the best way of earning? He replied: Doing Business ina virtuous manner

3



Do es Yo ur Business Qualify?

WE:Neither pay n o r receive interest.

Neither take n o r give bribe.

Do n o t pr od uce o r sell Haram pr od ucts.

Do n o t c o nfiscate any o ne s wealth illegally.

Alhamdulillah being practicing Muslim, we all believe that ourbusiness is being done in a virtuous manner because

4



Hazrat Zaid bin Arqam (peace be upon him) sold a slave girl to wife of Hazrat AbuSufyan (may Allah be pleased with both of them) for six hundred dirham, which he had bought earlier from her for eight hundred dirham (which he had not paid till now).

N ow! Apparently in this matter neither interest nor bribery is involved. N everthelessHazrat Ayesha (may Allah be pleased with her) said to the wife of Hazrat Abu Sufyan(may Allah be pleased with him)

) (You did a really bad transaction and convey my message to Zayed Bin Arqam that

verily Allah has wasted his hajj and jihad with Prophet Muhammad (peace be uponhim) unless he repents .(Musnad Ahmad)

S tan d ar d o f Co ncern an d Care Regar d ing D ealings(Transacti o ns) in the Era o f Co mpani o ns o f the

Pro phet (peace be up o n him)

5



6



We Think We Have LearntBut Do We Kn o w?

Have We Learntthe Islamic

Rulings Because:

Which acti o ns can make sales an d purchases v o id an d hence their inc o me Haram?

) (

N o one is allowed to dobusiness in our markets

except who hasunderstood religious

rulings (related to

business).

That there are certain business practices that turnresultant inc o me int o Riba (interest)?

Which principles sh o uld be kept in min d bef o re

f o rming a vali d partnership an d executing o therbusiness c o ntracts?

Which matters nee d to be agree d up o n at the timeo f hiring o f an empl o yee f o r the empl o ymentco ntract t o be vali d an d what are empl o yer rights

in case o f material theft an d lo ss by an empl o yee?

What are the require d co nd itio ns f o r Zakatcalculati o n an d d istributi o n?

7



We Want Our Businesses t o beS

hariah Co

mpliant But We Are..

Unable to Identify and document areas in an ongoing business concernthat are in conflict with the Sacred Law.

Unable to monitor system and staff to avoid futureirregularities.

Unable to devise rectification measures for identified Shariahproblems.

Unable to communicate comfortably regarding our business

issues with Islamic scholars and Muftis.

Unable to practically implement rectification measures andtrain staff accordingly.

Unable to understand Shariah issues in modern day businessscenarios.

8



9



NAAF E

Objectiveso

f N aafey Wh o Is N aafey

To create awareness and educateMuslims about:

Common non Islamic businesspractices.The importance and virtues of Shariah compliant dealings.The negative effects of non-Islamicdealings.

To provide facilitation to revivecommandments of Allah Almighty in thefields of business and trading.To setup an exemplary facilitationsystem that will be emulated by otherswho seek to help Muslims businessesbecome Shariah compliant.To create Shariah standards forbusinesses .

N aafey is a non-profit organizationfacilitating Shariah compliance effort.N aafey consists of religious experts(Scholars, Muftis) and business

professionalsN aafey operates under supervisorycouncil of senior Islamic scholarsN aafey has working relationships withfaculty from modern academics andinstitutes.N aafey has an advisory relationships withthe country s renowned DarulIftas (

Islamic ruling centers)

10



Hur d lesFo r

Business

Inability t o Id entifyan d do cument areas

in an o ng o ing businessco ncern that are in

co nflict with theS acre d Law.

Inability t o d eviserectificati o n measuresf o r id entifie d S hariah

pr o blems.

Inability t o practicallyimplement

rectificati o nmeasures an d train

staff acc o rd ingly.

Inability t o un d erstan d

S hariahissues inm od ern d ay

businessscenari o s

Inability t o

un d erstan d Shariahissues in

m od ern d aybusinessscenari o s

3

Rectificati o nimplementati

o nsupervisi o n

4

Aud itingan d

m o nit o ring

5Ed ucati o n

an d Training

2

S hariahco mpliantrectificati o

n measures

1S hariahAnalysis

o f

Business

11

we want to make our business shariah compiled? then “naafey”

Documents