Pre-amble: Although fulus (small change, anything smaller than the smallest silver coin) could be anything, even a piece of paper, paper with a printed value should never be used as a value bearing unit, as modern paper money in itself was likened to nothing but fulus in the fatwa by Shaykh A’lish. Shaykh Alish says in his Fatwa regarding PAPER MONEY and its use in monetary transactions and Zakat: “Praise belongs to Allah and...
Read MoreOn Reebah and Riba: Defining a parameter of Jihad against Capitalism
Posted on Jan 19, 2012 | 
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Allah dealt with the topic of Riba in the last part of revelation of the Glorious Quran as well as in the Torah, the Psalms, and the Gospel before. On the authority of ahadith received from both Ibn Abbas (RAA) and from Umar (RAA), we know that the last Revelation received by the blessed Prophet (SAW), shortly before his death, was the passage in Surah Al-Baqarah (2:278-281) which dealt with riba: Umar Ibn Khattab (RAA) said: “The...
Read MoreClarification of Imam Ghazalli’s Marvels of the Heart
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