Money is merely a means to achieve an objective and not the objective in itself - as reflected in the maxim from Imam Hasan Al-Basri in regards to the Philosophy of Islamic Finance.
In essence, money has no intrinsic value per se and is merely a measure of value and a medium of exchange; only benefiting us when it leaves us in a form of the price we pay for a product or service with an intrinsic value and utility.
Therefore, money is a provision from our Lord for us to ultimately experience the gift of life; not to be hoarded or used as a commodity itself. So spend on that which is beneficial, invest in that which brings profitable returns and give in the Path of Allah سبحانه و تعالى for His Pleasure.
#IslamicFinance #IslamicBanking #IslamicEconomics #Philosophy #Economics #Business #Wealth #Money #Investments #Charity #Zakat #Islam
In essence, money has no intrinsic value per se and is merely a measure of value and a medium of exchange; only benefiting us when it leaves us in a form of the price we pay for a product or service with an intrinsic value and utility.
Therefore, money is a provision from our Lord for us to ultimately experience the gift of life; not to be hoarded or used as a commodity itself. So spend on that which is beneficial, invest in that which brings profitable returns and give in the Path of Allah سبحانه و تعالى for His Pleasure.
#IslamicFinance #IslamicBanking #IslamicEconomics #Philosophy #Economics #Business #Wealth #Money #Investments #Charity #Zakat #Islam
I have been delivering lectures and seminars on 'Islamic Banking, Finance and Economics' over the last five years. All Praise and Thanks to Allah; I have developed a full curriculum consisting of the History, Philosophy, Principles, Practices and Real-World Case Studies with classical and contemporary references. Here is an interesting example of a quote I've included in the course by the classical Islamic scholar Malik Ibn Dinar. Demonstrating how Islam isn't merely a 'religion' but a complete 'way of life' so when we earn money rightfully we are rewarded by Allah for it is indeed a righteous deed and an act of worship depending on one's intentions.
#IslamicFinance #History #Economics #Money #Banking #Wealth #Investments #Development #Dinar #GoldDinar
#IslamicFinance #History #Economics #Money #Banking #Wealth #Investments #Development #Dinar #GoldDinar