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Q&A: Dealing with Muslim owned Public Limited Companies?

The following are Q&A from the time of Sheikh Abdul Qadeem Zalloom (raheemullah): Question: Are we allowed do deal with share companies (PLCs) owned by Muslims? Answer:  Having dealings with share companies belonging to Muslims is void (batil) because they cannot be contracted in Islam i.e. they do not exist as a necessary party in the contract of sale and purchase… in order to have offer and acceptance with the other side with whom the deal is made. Question: As Pakistan International Airlines (PIA) is a Muslim owned share company, are we allowed to buy from them and if not why not? Answer:  Share companies (PLCs) are invalid in Islam. This is because they are not contracted and they are not considered to be an existing party in a contract between the Muslims. Therefore, it is not allowed to have dealings, in terms of sale and purchase etc. with share companies whose owners are Muslims, because they have not been contracted between them for they are invalid in I

Contentment: The status only perspective can bring

Contentment: The status only perspective can bring This piece seeks to explore how the human mind works when it comes to the perception of wealth and luxuries. Many people exert much effort and spend much time dreaming of a bigger house, or a nicer car, or a newer phone, or a faster computer and so on. But the problem is that for the human mind it doesn’t matter what you get, because in the end your brain will grow accustomed to it and it will be as plain in your eyes as any wrinkly old shirt in your closet. The problem is that everything we have today is actually  a step up from something else . A big house is a step up from a small apartment, and a small apartment is a step up from homelessness. An iPhone 8 is a step up from a old Nokia flip phone, and an old Nokia flip phone is a step up from only having a landline. A new Land Rover is a step up from an old Corolla, and an old Corolla is a step up from having to ride a horse across hundreds of kilometres to get to wher

Hadith Classifications

This is an extract from the book Al-Waadih Fee Usool ul-Fiqh by Muhammad Hussein Abdullah available to purchase from  Maktaba Islamia . There are three categories of hadith in respect to their  As-Sihhah  (soundness) and  Ad-Da’f  (weakness). These are Saheeh, Hasan and Da’eef. In respect to the Sanad (chain) there are also three categories. These are Al-Mutawaatir, Al-Mash’hoor and Khabar Al-Aahaad. Al-Hadeeth As-Saheeh (Sound) This is the Hadeeth in which its Isnaad (chain) connects the transmission of the ‘Adl Ad-Daabit from the ‘Adl Ad-Daabit until its end and is not Shaadh or Mu’allal. Al-‘Adl (the just):  As-Sudooq At-Taqi (The honest person who fears Allah and obeys Him). Ad-Daabit (the precise):  Known for his astuteness and not being careless or inattentive. Until its end:  The Sanad (chain) connects to the Messenger ﷺ. Not Shaadh (irregular) or without Shudhoodh (irregularity):  That it does not go against the Thiqqah (a trustworthy narrator) stronger than