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Message from Hazrat Mufti Ebrahim Desai Sahib

Ameer- Darul Iftaa 

 

In this era of technological advancements when convenience is a buzz word in almost everything to achieve worldly peace and comfort, the same technology can even be used to achieve everlasting peace and comfort in the hereafter.

 

The Darul Iftaa welcomes you to its website, an educational facility through technology which aims to shape your thinking towards:

 

>The recognition of Allah

 

  • >The magnificent Sunnah of Rasulullah Sallallāhu Alayhi Wasallam
  •  
  • >Love for Allah in preparation to meet Allah
  •  
  • >To secure eternal peace and comfort

 

Oh Allah, make us among the fortunate ones to enter your Jannah which surpasses every technology. Ameen.

 

- Mufti Ebrahim Desai 

AbuDhabiGrandMosque

Disclaimer

 

The information contained in this website is for general information purposes only. The information is provided by the Darul Iftaa and while we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.

Through this website you are able to link to other websites. We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.

Every effort is made to keep the website up and running smoothly. However, the Darul Iftaa takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.

Islamic Finance


There is no religion that provides absolute guidance on economics besides Islam. There are thirty five verses in the Quran regarding economics. The longest verse of the Quran deals with credit related issues. Twenty three years of revelation finally concluded after pronouncing the prohibition of interest and rights of creditors and compassion for debtors and reminding one of standing in the court of Allah.


وَاتَّقُوا يَوْماً تُرْجَعُونَ فِيهِ إِلَى اللَّهِ ثُمَّ تُوَفَّى كُلُّ نَفْسٍ مَا كَسَبَتْ وَهُمْ لا يُظْلَمُونَ


{And fear the day when you shall be brought back to God. Then shall every soul be paid what it earned and none shall be dealt with unjustly.}

[Quran, chapter 2, verse 281]

The Islamic system of economics is unfortunately misunderstood to be confined to the finance systems of Murabaha and Mudaraba. When these models are not workable then Ijarah and Masharakah systems are engineered.

 

 

While Islamic banks and Islamic windows in conventional banks offer Islamic finance and global and regional conferences on Islamic finance focus on these products, the reality is Islamic finance and economics is much deeper than what people think it to be. Imam Bukhari (Rahmatullahi alayh) presents at least 471 Ahadith on various aspects of economics. This is besides the 1000's of Ahadith on economics in other books of Ahadith and the many thousands of laws on economics extracted by our illustrious Fuqaha. While attending a conference or seminar on Islamic finance or doing an online course on economics may be useful, the reality is it is not even equivalent to a drop in the ocean. Our focus on Islamic economics is to conscientize people on being prepared to answer the following questions by Allah on the Day of Judgement.


Where did you earn your wealth from?


And where did you spend your wealth?


The Hadith clearly shows we are regulated in how we earn our income and how we spend our income. Our salvation in the hereafter depends on how we conduct our financial affairs.


In order to achieve eternal success, the Darul Iftaa conducts Shariah compliant business campaigns attended by thousands of people from all walks of life. The campaign identifies un-Islamic business practices in the business sector and brings that to the attention of the people. Our approach is a pro active one in which we offer a Shariah compliant alternate way of doing that business.


The Darul Iftaa also provides Shariah compliant auditing services. Alhamdulillah, many business houses have adjusted their businesses and made them Shariah compliant through this service.


The Darul Iftaa also provides commercial mediation and arbitration and has an excellent success rate in this process.
There is Deen in our Masajid and in our homes. Imagine the extent of Allah's mercy when Deen is in our business houses.
The real test of our Taqwa is in our financial dealings. It is relatively easy to perform Salaah or give Sadaqah or stay away from sins. However, if one stands a chance to earn a million dollars but the transaction is not Shariah compliant, to abandon the million dollars and uphold Shariah is the real Taqwa.

 

To pay a creditor out and make adjustments to ones comfort can only be motivated by Allah consciousness.

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