Economic
6 articles
- Transparency in BusinessThe temptation to hide product defects or overstate quality is huge in business. But remember: one small lie can take away the blessing from your business.
- The Etiquette of Making RequestsAsking for things is just part of life. But did you know that the way we ask can determine whether what we receive is blessed or not? The Prophet ﷺ taught three important principles when asking: ask nicely, don't pressure people, and make sure you're not just chasing wealth.
- Monopolizing a MarketA market should be a place of fair competition, where multiple parties offer the best products and services. However, when a single company or entity dominates the market, this balance is disrupted. Monopolies not only harm consumers with higher prices and limited choices, but they also hinder innovation and overall economic growth.
- Providing for Your Family is a Noble ActMany people think worship is only prayer, fasting, and charity. Yet, providing for your family is an act of worship with immense reward. Every dollar you spend on your wife and children, every effort to earn a living, is all recorded as righteous deeds. This is the beauty of Islam, even your everyday responsibilities can lead you to Paradise.
- The Practice of Zuhd (Detachment)When people hear the word "zuhd," they most immediately picture someone living in poverty, owning nothing, wearing tattered clothes, and avoiding all worldly pleasures. Zuhd and poverty seem to go hand in hand. But is that really what it means?
- Not Paying DebtMany people treat debt as if it's no big deal. "It's just debt, I'll pay it back when I have the money." Some even rationalize it: "As long as I intend to pay, that's what counts, right?" But in Islam, not paying your debts when you're capable is a major sin, it's basically theft. What's worse, the sin of debt cannot be forgiven simply through repentance and seeking forgiveness, as is the case with other sins.