‘The Basics of Islamic Economics’ Archives
Value of Time in Islam
It is imperative for a Muslim to know the value of his/her time, for ‘time is life’. In Islam there is no room for motto like "killing time", for in Islam time is really valuable. In fact, wasting time is much more dangerous than frittering away property, because unlike property, time cannot be compensated. In the Hadith, the Prophet, (peace [...]
Takaful- Islamic insurance, Oppurtunity unlimited
Origin of Takaful Originated from the Arabic word Kafalah, which means "guaranteeing each other" or "joint guarantee". Takaful originated within the ancient Arab tribes as a pooled liability that obliged those who committed offences against members of a different tribe to pay compensation to the victims or their heirs. (more...)