Please tell me about the rules of Islam in business

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Question

in fazayle sadqat book written by Maulana Zakariyyah there is a story of good man of ALLAH that he recited SURAH-IKLAS many thousand times please tell me his name and the total numbring that he recited pease tell me about the rules of islam in business

i purchase a thing in suppose in 20$ when go to sail it in 45$ suppose if the purchaser ask me in which price you purchase it then what itell to him ? please also tell me the other rules in this matter.

Answer

Muhtaram / Muhtaramah

In the Name of Allāh, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāh wa-barakātuh.

1) We were unable to find the story in reference.

2) A Muslim businessman should conduct himself in accordance with the laws of Shariah. Truthfulness is a very important characteristic which ought to be in every businessman. Nabi صلى الله عليه و سلم said:

سنن الترمذي

عن أبي سعيد : عن النبي صلى الله عليه و سلم قال التاجر الصدوق الأمين مع النبيين والصديقين والشهداء

A truthful, honest businessman will be with the Messengers, Siddiqeen and martyrs (in the hereafter) Tirmidhi

It is imperative for every Muslim to be truthful at all times and therefore you will have to say the correct price you bought it for. Below are some narrations on the virtues of a honest businessman:

الترغيب والترهيب – (ج 2 / ص 366)

وعن حكيم بن حزام رضي الله عنه أن رسول الله صلى الله عليه و سلم قال البيعان بالخيار ما لم يتفرقا فإن صدق البيعان وبينا بورك لهما في بيعهما وإن كتما وكذبا فعسى أن يربحا ربحا ويمحقا بركة بيعهما اليمين الفاجرة منفقة للسلعة ممحقة للكسب رواه البخاري ومسلم وأبو داود والترمذي والنسائي

Nabi صلى الله عليه و سلم said “The transactors have the right of cancelling the transaction as long as they do not separate from each other. If they are truthful in their transacting they will be blessed in their transaction, but if they conceal the faults of the item or speak lies then they might make a profit but they will be deprived of its blessings. False oaths are a means of selling the item but decrease its profit.”

الترغيب والترهيب – (ج 2 / ص 365)

2746 – وروي عن أنس رضي الله عنه قال قال رسول الله صلى الله عليه و سلم التاجر الصدوق تحت ظل العرش يوم القيامة رواه الأصبهاني وغيره

Nabi صلى الله عليه و سلم “A truthful businessman will be under the shade of the throne of Allah Ta’ala on the day of resurrection”

Truthfulness is also a means of peace and contentment. Nabi صلى الله عليه و سلم said:

سنن الترمذي

عن أبي الحوارء السعدي قال قلت للحسن بن علي : ما حفظت من رسول الله صلى الله عليه و سلم ؟ قال حفظت من رسول الله صلى الله عليه و سلم دع ما يريبك إلى مالا يريبك فإن الصدق طمأنينة وإن الكذب ريبة وفي الحديث قصة قال و أبو الحوراء السعدي اسمه ربيعة بن شيبان قال وهذا حديث حسن صحيح

Leave that which is doubtful for that which is not doubtful, for verily truthfulness is a means of contentment and lies cause doubt.

Consider the following warning for those who are not truthful in their business.

الترغيب والترهيب – (ج 2 / ص 366)

2749 – وعن إسماعيل بن عبيد بن رفاعة عن أبيه عن جده رضي الله عنهما أنه خرج مع رسول الله صلى الله عليه و سلم إلى المصلى فرأى الناس يتبايعون فقال يا معشر التجار فاستجابوا لرسول الله صلى الله عليه و سلم ورفعوا أعناقهم وأبصارهم إليه فقال إن التجار يبعثون يوم القيامة فجارا إلا من اتقى الله وبر وصدق

رواه الترمذي وقال حديث حسن صحيح وابن ماجه وابن حبان في صحيحه والحاكم وقال صحيح الإسناد

Rifa’a رضى الله عنه narrates that once he left with Nabi صلى الله عليه و سلم for the Musalla. On the way Nabi صلى الله عليه و سلم saw some people trading. Nabi صلى الله عليه و سلم called out “O businessmen! They immediately responded and looked up towards Nabi صلى الله عليه و سلم. Nabi صلى الله عليه و سلم said: Businessmen will be raised on the day of resurrection as fujjar (sinners) except those who fear Allah Ta’ala, they are honest and truthful.

Below is a pledge necessary for all businessmen:

  1. To be governed in my business by my conscious of Allah Ta’ala the All-Knowing the All-Seeing.
  2. To be conscious of accountable in the court of Allah Ta’ala.
  3. To be governed by the Shariah laws of business and trade.
  4. To study the Sariah laws of business I am engaged in.
  5. To constantly correspond with the Ulama to make my business Shariah compliant.
  6. To be polite to my employees, honest to my customers, co-operative with my suppliers, lenient to my debtors and pay my creditors timeously.
  7. To declare war on interest.
  8. To be punctual on my Salah and give some charity dialy.
  9. To advance the cause of the Ummah through my business and please Allah Ta’ala.
  10. To have firm conviction that Allah Ta’ala is my sole provider.

And Allah knows best
Darul Iftaa

Madrasah Inaa’miyyah

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