Our religion is so beautiful in the way it presents us a manual for every walk of life. The books of Fiqh (Islamic Jurisprudence) give us a clear outline of what we are required to do. Each Muslim should have foundational knowledge of the topics covered in the books of Fiqh - Purification, Salah, Fasting, Hajj, Transactions.
However amongst them, the chapter of transaction is one which each businessman should become an 'Aalim of. All businessmen should be Ulama in the field of business, just as there is a business degree, businessmen should hold a degree in understanding what Shari' demands for a transaction to be complete.
Many of the issues and disputes that arise today between two parties could have easily been avoided if both parties had simply studied what Shari' requires, because Shari' strives to prevent any argumentations arising.
Darul Fiqh: "It is Fardh Ayn to study the Fiqh of trading in shares, stocks, currencies or other financial instruments for whoever begins trading."
However amongst them, the chapter of transaction is one which each businessman should become an 'Aalim of. All businessmen should be Ulama in the field of business, just as there is a business degree, businessmen should hold a degree in understanding what Shari' demands for a transaction to be complete.
Many of the issues and disputes that arise today between two parties could have easily been avoided if both parties had simply studied what Shari' requires, because Shari' strives to prevent any argumentations arising.
Darul Fiqh: "It is Fardh Ayn to study the Fiqh of trading in shares, stocks, currencies or other financial instruments for whoever begins trading."