Islamic Scientific Schools

In the Name of Allah---the Most Beneficent, the Most Merciful. Islamic Commercial Law Introduction Islamic Commercial Law (al-Fiqh al-Muʿāmalāt) represents the body of legal rules governing economic and business transactions in accordance with the Sharīʿah. Rooted in the Qur’an, Sunnah, and juristic reasoning, it aims to regulate market behaviour, ensure justice, and prevent exploitation. Unlike secular commercial systems, Islamic Commercial Law fuses legal norms with ethical imperatives, positioning economic life as an extension of moral and spiritual accountability. The discipline developed gradually during the formative periods of Islamic jurisprudence, influenced by the practices of the Prophet Muhammad (Peace and blessings be upon him and his progeny), the Companions (May Allah be pleased with them), and successive juristic schools. Today, it forms the basis for Islamic banking, finance, business law, and international trade ethics in Muslim societies and global financial systems....

In the Name of Allah---the Most Beneficent, the Most Merciful. Here, we explore the key principles and features of the Islamic trading system that contribute to its unparalleled and well-balanced nature. Islam is often described as a complete code of life, providing guidance for all aspects of human existence. Among these, economics stands out as a crucial domain, deeply impacting individual and societal well-being. The economic system prescribed by Islam is both profound and balanced, aiming to ensure justice, equity, and fairness for all. Here, we explore the key principles and features of the Islamic trading system that contribute to its unparalleled and well-balanced nature. 1. Islam versus Capitalism Capitalism has encompassed the majority of human beings today. It gives free hand to the capitalists to exploit the natural and human resources for their own interests. The majority of humans are like toys in their hands and they are free to grab the money by hook or crook. The wo...

In the Name of Allah---the Most Beneficent, the Most Merciful.     Islamic Guidelines on Child Labor Child labor refers to the employment of children in any type of work that deprives them of their childhood, interferes with their ability to attend regular school, and is mentally, physically, socially, or morally harmful. Child labor is a form of exploitation that violates a child’s rights and can have long-lasting negative effects on their physical and mental health, education, and future opportunities. In many cases, child labor is also associated with poor working conditions, low wages, and long hours of work, which can further exacerbate the negative effects on a child’s development. Child labor is considered a serious violation of human rights and is prohibited by international law. In Islam, children are considered a blessing and a trust from Allah, and it is the responsibility of parents and guardians to ensure their proper care, protection, and education. Islam promote...