Interview with Al-resalah: The Islamic Economy is an authentic resembling Allah Legislation Sources, Independent teachings

Interview with Al-resalah:

The Islamic Economy is an authentic resembling Allah

Legislation Sources, Independent teachings

Interview: Abdullah Dhfer al-Asmari:

Economics is a comprehensive and large term, not limited to one meaning but many meanings, this is evidenced only by its many definitions and differing opinions about this huge term, which is governed by different regimes, different peoples and interested in enriched this word very much attention.

If the term (Islamic economy) was termed more accurate and meaningful, talk about the economy goes on and on, as well as talk about (Islamic economy), but for the scholars and specialization in this field modern.

We are talking today His Excellency Dr. Zeid Mohammed Al-Rommany faculty member Imam Mohammed Bin Saud Islamic University, member of the International Society of Islamic Economics and a member of the Saudi Economic Association, to tell us about some of the issues related to this important term.

Islamic Economy perspective:

How do you view the Islamic economy?

The Islamic economy is a science, a unique economy, ancient in its history, inherent in itself and its sources, independent in its teachings, textile alone.

An economy based on divine legislation, which is not brought by falsehood from his hands or from behind, downloaded by Wise Praiseworthy.

An economy based on basic rules based on belief, ethics, reward, punishment, halal and haram, an economy unique to characteristics in which no economic system participates, so one of the most prominent mistakes that emerge spills through our methods of research and study and thinking that we are trying to establish an economic system for ourselves through the economic foundations of the contemporary economy.

It is the duty of economists to move away from the foundations of individual or socialist systems and to lay solid foundations for our contemporary society.

Only one European thinker has admitted that they are looking to an economy free from the disadvantages of the capitalist and socialist economies, an economy governed by established rules that are not influenced by personal interests and material benefits and supported by eternal divine law, in which flexibility and absorption of new developments are in keeping with reality.

French economics professor Jacques Ostre says "that economic development methods are not limited to well-known capitalist and socialist economists, but that a third most likely economy is the Islamic economy".

Ostry said "The Islamic economy will prevail in the future" because,, it is a way of life that achieves all the advantages and avoids all disadvantages Russian Sluz Ygeriski and Leon Roche of Italy says. "We have been struck by the social and economic systems that Islam decides, in particular: zakat, inheritance legislation and the prohibition of usury (Riba)".

Form and content:

Create sections called Islamic, what do you think of that?

The economy today is at the Centre of world life and is at the top of the priorities and attention of States, thinkers and specialists.

Banks are the backbone of the economy and its main driver because they save, move, develop, facilitate circulation and plan to invest them.

Islamic banks are a cornerstone of the Islamic economy, especially the contemporary economy, and the fact is that Islamic banks are not a change in form or title or merely adding the word "Islamic" to the name of the bank or a change in some names according to the content of the prophet, as he thought.

Islamic banks do not deal with interest, but rather are religious institution in order to support the Islamic economy in practical practices.

Islamic banks in Muslim and Arab countries have therefore sought to address the economic and social problems of contemporary societies as well as to alleviate the material suffering of individuals. Islamic banks have become as comparable to commercial banks in their economic, banking and commercial activities as they have spread in most of the Islamic world, so it is no wonder that commercial banks are taking positive steps towards establishing departments or branches of Islamic financial transactions.

Facilitator and gambling:

Many shops and commercial markets have tended to hold commercial competitions where they are monitored a number of valuable and expensive prizes such as cars, gold kits, appliances and others, but their condition in entering these competitions is to buy so that they can participate in the draw is this permissible. What is the alternative to such competitions?

Today, traders and owners of goods and services have been using and desire dissented methods that encourage people to buy and desire their goods and services. These methods of desire at that time were limited, few and limited.

Although they were influential and attractive, and then with the cultural and technical progress and the diversification of products and the development of people's lives and economic activities, traders developed accordingly the methods of traders in promoting their goods, which forced them to develop new methods and to develop new ways to expand the buyer base and stimulate sales, and spread widely and diversified promotional incentives to become a landmark of contemporary markets.

These incentives and means of dissonance include competitions, discounts, gifts, advertisements, advertisements, other incentives, the origin of these incentives and other transactions, which are legally resolved and permissible unless the evidence of prohibition and prohibition is in place.

This is because the reasons for the prohibition in transactions are the existence of injustice, abuse, Usury (riba) , facilitator, gambling, lying or treason, or were a treatment that led to gotten (Haram).

The competitions are in terms of compensation in three sections:

First: the competition is not permissible with mosquitoes and without compensation, which is the competition in arrow, horse and camel.

Second: What is not permissible at all, which is the contest in all that is forbidden or forbidden from duty. Third: What is not permissible in the competition without compensation, which is the competition in all that is useful and not harmful in it is likely, and here I explain by explaining that one of the types of commercial competitions is not working in the competitions and this is in two aspects:

1- What is required to buy, which is forbidden because it is gambling.

2- What is not required to buy, and this section comes out as a gift to those who are appointed by the lottery, which is permissible, which is not permissible.

Here I warn against competitions that contain a deception, a gambler, a lie or a legitimate lying, so that our economic life can be straightened out.

In conclusion, I say:

If the economy is emptied of the meanings of moderation, premium and mediation, it becomes a material exploitation of human beings or goods to deal with them, since justice is the main pillar of the economy because the economy means choosing the ideal alternatives.

Do you have any pause with installments?

The first pause: the concept of installments: installment, it is as unfair as taking a human being a premium to others. The installments, the right to divide, rule and compromise between the litigants, therefore, is called the "criterion ", installment , and the balance is a equity.

Allah almighty says that there is justice in the division:" if you judge , judge between them with hustice . Indeed , Allah loves those who act justly " [Al-Maeedah: 42], and he says, "But as for the unjust , they will be , for hell . firewood" [Al- jen 15]." Al-Anbari says: It is the opposite to say that a man's premium is said if he is fair, and a premium if he is neighboring, and the injustice is mostly on the premium. As for the installment of debit : it is to make it known parts.

It is no secret that the term installment, religion, term and credit are proportional, relationship, similarity and linkages.

The second pause: installments at the fuqaha'a: installments in the doctrinal convention mean dividing religion into quotas or amounts to pay a known source within known deadlines. According to the justice magazine: The installment of religion: postponing the performance of religion to certain times.

The sale of installments is a color of credit sale, it is a sale in which it is agreed to accelerate the sale and postpone the whole price or some of it in installments known for known periods of time, these deadlines may be regular in each month, for example, installment, each year or otherwise. They may also be equal, increasing or decreasing according to the agreement between the parties (seller and buyer).

The third pause: installments at economists: some economists mention that the sale of installments is a benefit for both the seller and the buyer, the seller increases its sales, and enumerates its marketing methods in cash, installments, benefits in the case of installments from increasing the price for installments, and the buyer can get the item and pay for it stars in installments.

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The fourth pause: Important alerts: It should be noted that the important fact that the sale in installments is a sale of debt, and should not be expanded in debt, if borrowing in installments increases against the term, in addition to the fact that the size of the debt assumes not to exceed the debtor's ability to pay, it is known that the debt is a phenomenon that has spread in a large number of homes and among young people, especially for the purposes of marriage, housing, purchase of land, car, travel, pleasure or entertainment, and the debt has multiplied dramatically. To consider, many people have been unable to meet those debts, and some have ended up in prison, or a committee that sells property to give creditors their money and rights back.

The fifth pause: Commandments and advice in order to educate people and remind them of the dangers of installments, credit and debt, we should give them some wills and advice, whether for sellers or buyers:

1- My brother remembers the extreme denial of borrowing from the text of the Holy Qur'an and the prophet's sunnah.

2- My Brother, do not resort to borrowing unless you have to and within narrow limits.

3- My brother, I believe in the determination to refund the amounts owed when this is available immediately.

4- My brother, I know that religion is humiliating at night, and it is filled with heart and mind.

5- My brother, pay attention to the disadvantages of credit cards, and be ware of excessive debt and excessive expenses.

6- My brother stayed as far away as possible from installments and debts because installments are beginning to slip into debt, and the truth is who said: Debt destroys the religion.