Thursday 23 February 2012

RECOURSE FIQH TO ISLAMIC SHARI'AH A DISCUSSION WITH PRE ISLAMIC REFERENCES.اسلامی فقہی مذاہب کا منبع ایک ہے - شریعت اسلامی -جس کی بنیاد

قرآن و سنت پر ہے. اختلاف راۓ کی صورت میں قرآن و سنت کی طرف رجوع کرنے کا حکم ہے.بعض اختلافی آرا و ں کو ر حمت اور  وسعت قرار دیا گیا  ہے- عبدا لو ہا ب شعرانی نے سفیان ثو ری سے نقل کیا ہے کہ وہ کہا کرتے تھے کہ یوں نا  کہا کرو کی اس مسلے میں علما نے اختلا ف کیا ہے . اس کی بجاتےیوں کہا کرو کے اس مسلے میں علما نے یہ وسعت و گنجائش پیدا کی ہے .(اجتماعی اجتہاد )
The Holly Koran was revealed upon the Last and Final Holly Prophet(Peace be upon him). The Koran and Sun' nah of the Holly Prophet are basic sources of the Islamic "Shari'ah" or Law . The concept of law is explained in a beautifully subtle parable in the Koran" The similitude of a good word is like a good tree whose root is firm and whose branches reach into heaven(14:24) Two significant words have been used in this verse i.e the root and the branches. Our jurists consider the principles of jurisprudence as the root and the laws as branches(furu). The word usul (principles) literally means roots. It is on the basis of principles and concepts that laws of conduct are made. Jurisprudence, being a science, is applicable not only to Islamic law but to any law in the world for the principles of jurisprudence have universal application.

The commands of God and the orders of the Prophet (peace be upon him)i.e the Koran and the Sunnah, were not compiled overnight. It has taken a long time. The Holly Prophet, his Companions had worked hard, the details of which can be seen in the unparalleled history of Islam. During Umar's caliphete an event of considerable legal significance took place. He appointed a learned Companion, Abd Allah Mas'ud, as a teacher to Kufah. He used to teach in Kufah. It is obvious that his lectures abounded in references to law and jurisprudence. Abd Allah ibn Masud kept teaching law until his death.After Abd Allah ibn Mas'ud his best pupil Alqamah al-Nakha'i was apointed the Head in the principal mosque of Kufah. After his death an other Yemeni, a resident of Kufah and a student of Alqamah called Ibrahim al-Nakha'i succeeded him. Kufah acquired a reputation for excellent teaching in jurisprudence. After the death of Ibrahim al -Nakha'i his pupil Hammad ibn Sulayman, a non-Arab,succeeded him. He too was an expert in law and taught jurisprudence. At his death, yet an other student of his who also was a non-Arab- Abu Hanifah--succeeded him. He was very young at that time but was by far the most brilliant of Hammad's students. He was reluctant to take over but his own class-fellows beseeched him to continue their teacher's task.(The Emergence of Islam-IRI-IIUI)

IN HIS  AGE VIEWS REGARDING din AND SHARI'AH  AND FIQH: According to Abu Hanifa, if the ascription of K. al-Alim wa'l-Muta.allim to him is correct, distinguished din from shari,ah on the grounds that din was never changed,whereas shari'ah continued to change through history. By din he meant the basic tents of the fath like belief in the unity of God, in the prophets, in the life after death, etc- while by shari'ah he meant the performatory duties. He does not recognize any difference between the din of various prophets, but difference between their shari,ah and forbade them to follow the shari'ah of earlier Prophets.The term din came to be used in a restricted sense, i.e tenets of Islam,in Abu Hanifais time. Hence, the term Usul al Din was used for Kalam in later age
(Abu Hanifah,kitab al-Alim wa'l-Muta'allim-The early Development of Islamic jurisprudence-IRI)

As stated above,the jurists among the Companions were, Abd Allah ibn Mas'ud,one of whose pupils in the fourth generation was Abu Hanifa(d-150 A.H) The other Companion was Abd Allah ibn Umar whose pupil's pupil was Malik, the founder of the Maliki school of jurisprudence. The third Companion was Abd Allah ibn Abbas some of whose legal opinions were adopted by the Khawarij. The fourth Companion was Ali ibn Abi Talib. His jurisprudence has reached us through Zayd ibn Ali and the Ithna Ashari and Fatimi  imams. Later follower the pupils of pupils e.g al Shafi,who is the pupil of Muhammad ibn al Hasan, who is the pupil of Abu Hanifa and of Malik. Among the students  there was Da'ud al Zahiri's school. In brief, there is no fundamental difference between Muslims of different theological persuasions as far as matters of law are concerned. They have been learning from each other and their legal opinions have a great degree of resemblance.( Main Source- The emergence of Islam-by Muhammad Hameedullah-IRI-IIUI Pakistan)

THE CONCEPT AND MEANING OF TERM FIQH IN PRE-ISLAMIC AGE.


FAQIH AL ARAB.Harith b.Kaladah.

In the pre-Islamic days al-Harith b.Kaladah( b-in the middle of 6th century ca) was Faqih al-Arab. According to, ibn abi Usaybi'ah(d-669 A.H)--in his book Uyun al-Anba'Tabaqat al-Atibba-and Baloogh al Arab by Alausi- he was resident of Ta'if.He visited many countries. He was tabib (Doctor- Chief Physician) .He had the knowledge to operate musical instruments for which he become trained from Yaman and Persia. He was alive in the days of Hadrat Muhammad (peace be upon him),Abu Bakar(573-634), Umar(586-590-644),  Uthman ,Ali and Amir Mauwiya(R.A.T.A). He was a author of  book(Wikipedia).When he met with Anau Sherwin (Kasra). In a meeting with Kasra-- against a question of  Kasra,the Ruler of Persia at that time, he told that he is Bedvi of Arabia and is a doctor there. The Kasra, asked him that” The Arabian, due to their bad habits of ignorance, weak, raw reason and wisdom and imbalanced diet, did not know the importance of a doctor, as such, the presence of a doctor among them is naught. Al-Harith replied-If the Arabians are attributed with these bad habits and deficiencies than they in a very need of a doctor and reformer for good teachings. Hence his presence among them is very important.                                                                                                            After some other discussion, the Kasara said his friends” that I had found him solid” The Ruler of the Persia presented him so many valuables and issued order for his History Writer to get saved the dialogues which have been made between the both. الوسی لکھتا ہے -اردو ترجمہ -


انو شیروان نے الحرث سے پوچھا تیرا پیشہ کیا ہے --اس نے کہا --طب--اس نے کہا کیا تو بدوی ہے؟ اس نے کہا : ہاں خالص بدوی اور ان میں  سے افضل گھرانے  کا ہوں --اس نے کہا -عرب اپنی جہا لت،ضعف، عقل اور بری غذاؤں  کی موجودگی  میں طبیب  کو کیا کریں گے ؟ اس نے جواب دیا --اے بادشاہ --جب عربوں کی یہ صفات ٹھہریں  تو انھیں  اس شخص  کی زیادہ ضرورت ھو گی جو ان کی اصلاح  کرے ، انکی کجی کو سیدھا کرے ، ان کیے بدنوں کی ( درستی کی) تدبیر کرے  اور ان کیے جنسی میلان کو اعتدال میں رکھے ، اس لیےکہ عقلمند  تو بذات خود ان امور سے واقف ھوتا ہے.....
اگلی گفتگو جاری رہی اور اس کیے بعد کسریٰ نے کہا --میں نے اس شخص کو ٹھوس پایا....حق یہ ہے کہ عقلمند شخس وہی ھوتا ہے جسے تجربوں نے پختہ کار بنا دیا هو ...(بلوغ العرب  جلد -٤-اردو ترجمہ دکتور پیر  محمّد حسن )


Hitti writes,In the art of healing he was succeeded, as was customary, by his son al --Nadr, whose mother was the Prophet's(pbuh) maternal aunt.
According to the statement of Blogh al Arab, al Nadr was killed in the aftermath of Badr battle(1 A.H). He was enemy of Islam.Commenting upon the events of this War the Quran said" O, Prophet' Exhort the believers to fight. If there be of you twenty steadfast they shall overcome two hundred, and if there be of you a hundred steadfast they shall overcome a thousands of those who disbelieve,because they( the disbelievers) are a folk without intelligence.
Here the Qur'an said( قوم لا يفقهون (8:65

The term Fiqh
The original meaning of fiqh is the understanding and knoledge of some thing. In this sense,fiqh and fahm re synonyms. An Arabic idiom goes: فلان لا يفقه و لا ينقه (' So-and-so neither understands nor comprehends"). The word fiqh was originally use by the Arabs for a camel expert in covering; he who distingishe the she-camels that are lusting from those that are pregnent. Accordingly, the expresion  فحل فقيه was current among them.( Lisan al arab by ibn Manzoor) From this expression, it is believed, the meaning of deep knowledge and understanding of anything has been derived. Hence, Fiqh al-Lughah (understnding of the science of language) is the title of a work produced by al-Tha,alibi (d-429 A.H). This work has nothing to do with law, instead; it deals with the rules and regulations the mastery of which enables a person to acquire command over the Arabic Language. As we have already discussed  that, in pre-Islamic days the term Fiqh al'Arab was an appellation given to al-Harith b Kaladh was also called Tabib al-Arab, this latter expression being synonymous with the former term.(Arabic -English Lexicon -The early development of Islamic 
Jurisprudence-by Ahmad Hasan-IRI-IIUI Islamabad)


In the early period we find a number of terms like fiqh, ilm,iman, tawhid, tadhkir and hikmat that were used in broad sense, but later their original meanings changed and became more narrow and specific.In more than one place the Quran has used the word fiqh in its general sense of "understanding". The Qur'anic expression -ليتفقهوا في الدين " that they may gain understanding in religion" shows that in the Prophet's time the term fiqh was not applied in the legal sense alone but carried a wider meaning covering all aspects of Islam--namely- theological, political, economic and legal.


The Companions of the Holly Prophet who gave legal judgement and were noted for exercising intelligence in their decisions were known as fuqaha. Alongside of the term fiqh, the term shara'i( in the plural) was also current among the early Muslims. Reports indicate that the newly converted Muslims who had come to depute someone to their locality to instruct them in the "shara'i" of Islam. As for the term shari'ah , it was hardly used in the early days of Islam. It was introduced to carry the specific meaning i.e the Law of Islam, at a later date. Literally, the word shari,ah means a "course to the watering place" and a "resort of drinkers". The Koran uses the words shir'ah and shari'ah in the meaning of din(religion), in the sense that it is the way ordained by God for man (Qur,an 5:51; 45:17). The term shara'i(pl.of shari'ah) was used in the Prophet's time for the essentials of Islam. The bedouins who requested the Prophet to depute someone to their tribe to teach them the shara'i of Islam,obviously meant the essentials of religion. They wanted to be acquainted with the fundamentals and obligatory duties of Islam. This presumption is supported by the tradition which states that the Prophet,when once asked about the shara'i of Islam, mentioned prayer,zakah, fasting of Ramadn and Hajj pilgrimage. It shows that the term shara'i meant fara'id(obligatory duties) It is also to be noted that Kalam and Fiqh were not separated till the time of al-Mamun(d218 A.H. It appears that fiqh embraced the theological problems as well as the legal issue till the second century of the Hijra, as it is concluded from a book attributed to Abu Hanif(d 150 A.H),against the beliefs of Ahl al Qadar deals with the basic tenets of Islam like faith, unity of God, His attributes, the life hereafter, Prophet-hood etc.-Source-as above-

 As we have discussed  above that . The term din came to be used in a restricted sense, i.e tenets of Islam,in Abu Hanifais time. Hence, the term Usul al Din was used for Kalam in later age. Al shafi'i uses the term shari'ah in the sense of institution. Today the term shari,ah covers all aspects of Islam. It combines Fiqh and Kalam both.(source- a.a)


Although they had different opinions among the jurists,the Islamic scholars/Fuqha had worked to find the exact will of the Lawgiver for the Islah and Falah (guidence and welfare) of the mankind.They left for us a great quantity of Islamic literature on Islamic Jurisprudence for guidance and precedents. These different opinions had given a open field for research. Now the scholars of this modern age are taking the advantage of this. It is imperative for the Researcher to know about the different opinions among all the Islamic schools of jurisprudence without any prejudice to reach up to the real and correct conclusion, following the Objective of the Shari'ah". All these have ONE and the same SOURCE Islamic SHARI'AH.

The Federal Shariat Court Islamabad is not restricted to follow a specific school of jurisprudence. The Honorable court has included in his list of Advisers  to assist the court, relating to all school of Islamic prudence. The path and practice of the Council of Islamic Ideology Pakistan, is also approximately the same. 

  وفاقی شرعی عدالت  کسی خاص مسلک کی پابند نہیں ہے،لیکن اپنے فیصلوں میں عدالت نے ہر مسلک کی رائے اور دلائل کو اہمیت دی ہے .اصول فقہ سے بھی استفادہ کیا جاتا ہے . عدالت نے اپنے متعدد فیصلوں میں اس بات کی تصریح کی ہے کہ قانون  کیے لیے بنیادی ذریعے قرآن اور سنت ہیں . اگر کسی مسلے کے بارے  میں قرآن کریم کا حکم موجود هو اور اپنے معنی میں با لکل واضح اور صریح هو تو اس پر عمل کیا جاتے گا اور اسے قانونی شکل دی جاتے گی . اگر قرآن کریم کا کوئی حکم واضح اور صریح نا هو ،احادیث مبارکہ میں اس وضاحت کی گی هو تو حدیث میں ذکر کردہ وضاحت کی روشنی مے قرآن کریم کی تصریح کی جاتے گی -(محمد مطيع الرحمن --اجتماعي اجتهاد-) 

سعودي عرب كي عد التين قرآن و سنت كي بعد فقہ حنبلی سے استفادہ حاصل کرتی ہیں - مذہب حنبلی پر عمل درآمد کیے دوران مے اگر کسی معاملہ میں قاضی محسوس کرے کی اس میں حنبلی مذہب کیے مطابق عمل کرنے میں زیادہ دشواری پی جاتی ہے  یا وہ مصلحت عا مہ کے مطابق نہیں ہے،تو وہ یے دیکھے گا کہ اس مسلے مین  دوسرے مذاہب کا کیا حکم ہے . پھر جس مذھب کا حکم بھی مصلحت کیے قریب هو گا اس کیے مطابق فیصلہ کیا جاتے گا .(سعودی عرب کی عدالتی نظام ). 
امام احمد کے مسلک کیے مطابق مسائل کا حکم معلوم کرنے کی لیے عدالتیں  مندرجہ ذیل کتابوں سے راجوع کریں گی.
(١ )  شرح المنتہی (٢)شرح الاقتناع...اور جو مسلہ ان دونوں کتابوں میں یکساں طور پر ذکر ھوا هو ،یا صرف ایک کتاب میں موجود هو فیصلہ اس کی مطابق کیا جاتے گا -اور جس دونوں کتابوں میں دو دو الگ الگ حکم موجود ہوں ، تو پھر ایسی صورت میں " شرح المنتہی " میں بیان کردہ حکم اختیار کیا جاۓ گا .

Now the scholars of Islam re- coursing to the wider sense of Islamic Shari,ah. A contemporary author defines Shari'ah and distinguishes it from Fiqh in the following words.

"Shari,at" is the wider circle, it embraces in its orbit all human actions, fiqh is the narrow one, and deals with what are commonly understood as legal acts. Shari'at reminds us always of revelation, that 'ilm(knowledge) which we could never have possessed but for the Koran or Hadith; in fiqh, the power of reasoning is stressed, and deductions based upon 'ilm are continuously cited with approval. The path of Shari,at is laid down by God and His Prophet; the edifice of fiqh is erected by human endeavor. In the fiqh, an action is either legal or illegal, yasjuzu wa ma la yajuzu, permissible. In the Shari'at there are various grades of approval or disapproval. Fiqh is the term used for the law as a science; and Shari,at, for the law as the divinely ordained path of rectitude.(Fayzee, Asaf A.A Outlines of Muhammadan Law, London-&-Ahmed Hasan).
In above-mentoned para the writer tells us that the Fiqh is a branch of Islamic Shari'ah or Law ,it may be dealt with,keeping in view his proper status and limitations in the Islamic Shari'ah.

ALLAH SAYS:"But,nay, by the Lord, they will not believe (in truth) until they make thee judge of what in dispute between them and find within themselves no dislike of that which thou decidest, and submit with full submission.(Al-Koran 4:65)
My other blog-http://---http://talibhaq-readgood.blogspot.com--.

Tuesday 14 February 2012

PROHIBTION OF RIBA/USURY IN KORAN & SUNNAH(Ihkam)

It is said that the interest-based economy is the very backbone of the modern and capitalist economy. Dr.Waqar Masood Khan writes" On the one hand is this sordid reality of the present-day life and on the other is the vehement denunciation of riba in the Qur'an and in the tradition of the Prophet (Peace be upon him). The intensely vitriolic tenor of the Qur,anic castigation of riba cannot be lost on anyone who has gone through the Qur'an". IN THE HOLLY QUR'AN IT IS FOUND:-

The verses of the Qur'an, on the subject.

The study of verses about Riba in the Qur’an (revealed) in chorological order. There are four different sets of verses about Riba in Qur’an in the order of Occurrence from which an objective study is being made here under;-
1.     First, in Surah Al Rum (30; 39) which was revealed in Makah, The term of Riba has been used in the following manners;-                                                                                 That which ye give in usury(Riba) in order that it may increase on(other) people’s property hath no increase with Allah; but that which ye give in charity, seeking Allah’s countenance, hath increase manifold.
2.     The second place is the Surah Al Nisa (4.161) where in the Riba is used in the context of sinful acts of Jews with the following words.
And of their taking usury (Riba) when they were forbidden it,
3.     The verses (3; 130) of Surah Al Imran has the third number wherein the prohibition of Riba is laid down in the under noted wordings;   O ye who believe! Devour not usury (Riba) doubling and quadrupling (the sum lent). Observe your duty to Allah, that ye may be successful.
4. The fourth set of verses was revealed as follows (Surah Al Baqarah 275; 281)
275. those who swallow usury (Riba) cannot rise up save as he ariseth whom the devil hath prostrated by (his) touch. That is because they say: Trade is just like usury (Riba); whereas Allah permitteth trading and forbidden usury (Riba). He unto whom an admonition from his Lord Cometh, and (he) refraineth (in obedience thereto), he shall keep (the profits of) that which is past, and his affair (henceforth) is with Allah. As for him who returneth (to usury [Riba]) _ such are rightful owners of the Fire. They will abide therein.
276. Allah hath blighted usury (Riba) and made almsgiving fruitful. Allah loveth not the impious and guilty.
277. Lo! Those who believe and do good works and establish worship and pay the Poor-due, their reward is with their Lord and there shall no fear come upon them Neither shall they grieve.
278. O ye who believe! Observe your duty to Allah, and give up what remaineth (due to you) from usury (Riba), if ye are (in truth) believers.
279. And if ye do not, then be warned of war (against you) from Allah and His messenger. And if ye repent, then ye have your principal (without interest). Wrong not, and ye shall not be wronged.
280. And if the debtor is in straitened circumstances, then (let there be) postponement to (the time of) ease; and that ye remit the debt as almsgiving would be better for your if ye did but know.281. And guard yourselves against a day in which ye will be brought back to Allah. Then every soul will be paid in full that which it hath earned, and they will not be wronged (ref to Holy Qur’an by MARMADUKE PICKTHALL)

  Inferences drawn form there verses:

1.     There is a sharp contrast between charity and usury. Usury creates conflict, hatred, jealousy and economic warfare among individuals whereas charity promotes harmony, cooperation and collaboration in the society.
2.     There is distinct difference between legitimate trade and usury. Not every surplus in transaction is forbidden. The surplus, which is a result of spelling and purchasing, is legitimate and lawful. The surplus which one earns without exertion and bearing risk and liability is prohibited.
3.     The believers have been asked to give to the remaining amount of Riba` and permitted to receive their principal amounts. This gives Quranic definition of Riba`, that is, any addition to the capital in a transaction of loan is Riba`.
4.     No distinction has been made between an addition in the capital sum of the loan based on simple interest and an addition based on compound interest.
5.     No distinction has been made between a loan contracted for the purpose of consumption and that contracted for production.
6.     The creditors have right to their capital sums only.
7.     To demand excess in the capital is injustice to the debtor and to deny the creditor his principal amount is an injustice to him.
8.     Continuing any further dealing in Riba` will amount to inviting war from Allah and His Massage.
9.     Creditors have been asked to give time to debtors for repayment of capital, if necessary.
10.To write off a debt altogether is an act of charity.

Riba` in Sunnah is read as under:-


  The ahadith dealing with riba` are of two categories. First, those, which reaffirm the type of riba` mentioned in the Qur`an. The second categories are those that introduce a new form of riba`, not mentioned in the Qur`an. This latter form of riba` is known as Riba` al-fadl.
        A few of the ahadith relating to either category are reproduced below:
The First Category of Ahadith on Riba`

1.     The Prophet (saw) is reported to have said in his last hajj Sermon (the farewell address).”Beware, all Riba` outstanding from the Riba` prevalent during the pre-Islam era is void. You are entitled to your principal money. Neither shall you oppress nor shall you be oppressed.”¹
2.     ).“Beware, all Riba` of pre-Islam era is annulled and the first claim of Riba` which I cancel is that of my uncle”.²
3.     From Jabir, who said: “The Message of Allah (saws) cured the one who charges Riba`; he who gives it; the one who records it; and the two witnesses; saying that “they are all equal”. ³
The Second Category of Ahadith          
1.     From Abu` Sa’id al-Khudri, who said: “the Messenger of Allah  (saws) said: “Do not sell gold for gold except when it is like for like; nor misappropriate one through the other; nor sell silver for except like for like; nor misappropriate one through the other, nor sell thing that are absent for those that are present”.⁴
2.     From’Ubadah Ibn Samit who said; “The Messenger of Allah (saws) said; Gold for gold, silver for silver, wheat for wheat, barley for barley, dates for dates, salt for salt, like for like, in equal weights, from hand for hand. If those species differ, then sell as you like as long as it is from hand to hand”.⁵ These two ahadith provide that the following three transactions are usurious transactions.
(i)                            A transaction of money for money of the same denomination where the quantity on both sides is not equal. Either in a spot transaction or in a transaction based on deferred.
(ii)                          A barer transaction between two weighable or measurable commodities of the same kind. Where the quantity on both sides is not equal or where delivery from any one side is deferred.⁶
(iii)                        A barter transaction between two different weighable or measurable commodities when delivery from one side is deferred.

  Kinds of Riba`

There are two main kinds of Riba`:  Riba` al duyun and Riba` al-buyu’ (Riba` of debt transactions and Riba` of sale transactions) Riba` al-buyu’ is further divided into two kinds, i.e., Riba` al fudl and Riba` al nasa`.
I)Riba` al fudl(Riba` by way of excess)
It is the excess revealed through a Shari’ah criterion stipulated in one of the two counter-values, in transaction of exchange.⁷ it can also be defined as an unequal exchange of wheat with wheat. The Shari’ah criterion in the above definition refers to weight or measure of capacity or count. Thus, if two persons were exchanging wheat with each other, the quantity must be equal on both sides: if there is excess on one side, it would amount to Riba` al fudl (Riba` by way of excess). Riba` al fudl takes place in a homogenous exchange with increase from one side in terms of weight or measurement. In the above example if 15 Kg wheat is exchange for 6 Kg wheat, that would amount riba al-fadl.

II)Riba` al-Nase’(Riba of delay):

It is Riba` by way of deferment of completion of an exchange. Riba` al-nasa`       ( Riba` by way of deferment) take place when articles of the same genera or different genera, whether measured or weighed, are exchanged with deferment on one side, whether or not there is releases in favor of either side. Thus, if 5 Kg gold is exchanged for 5 Kg gold with a delay of one year, it will amount to Riba al-nasa` because it has arisen from a period of delay.
References
¹Muslim, Sahih, Kitab` al-Hajj.
² Muslim, Sahih, Kitab` al-Hajj.
³ Bukhari, Sahih, Kitab` al-Buyu’ Muslim, Sahih, Chapter on Riba`
⁴ Muhammad ibn Islam’il San’ani, Subul al-Salam, Beirut: Dar al-Fikr, 1938, vol. 3,p.37
⁵ Muslim Sahih, Kitab` al-Musaqat, Bab al-Sarf. Hadith no 1587, vol,3, p. 1211.,vol. 3, p. 37.
⁶ Order of Supreme court’s Appellate Bench on Riba`. The News, December 24,1999
⁷ Kasani, Bada al-Sana’I, vol. 5, p, 183 (Abstracted from Islamic Law of Contracts and Business Transactions P.124:128 Shariah Academy International Islamic University Islamabad).  

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RIBA FREE LENDING AND ECONOMY..

The Holly Prophet(Peace be upon him)said"A time will come over people when not a single person will remain who does not devour riba,and if there be any who refrains from it,still its vapor will overtake him.Interest has been characterized as the very backbone of modern,capitalist economy;the linchpin of virtually all economic institutions and activities of our time. The web of interest encompasses banking and finance,business and commerce,industry and agriculture.Hence the Islamic economy is imperative the he mankind from it.

Always the people deem that the Riba/Usury is prohibited in Islam only,but the(Ihkam) injunctions of the Koran and Sun'nah are for all the mankind. The transactions on the basis of Riba/Usury/interest were also prohibited in the Old Testaments. Mufi Muhammad Taqi Usmani has very kindly worked for us and he writes as under:-
Riba in the Bible:
This prohibition is still available in the old testament of the bible. The following excerpts may be quoted with advantage:
 “Thou shalt not lend upon usury (Riba), to thy brother; usury (Riba) of money, usury (Riba) of victuals, usury (Riba) of anything that is lent upon usury (Riba).”[Deuteronomy 23:19]
“Lord, who shall abide in thy tabernacle? Who shall dwell in thy holy hill? He that walketh uprightly, and worketh righteousness and speaketh the truth in his heart. He that putteth not out of his money to usury (Riba), nor taketh reward against the innocent.”[Psalms 15:1, 2, 5]
“He that by usury (Riba) and unjust gain increaseth his substance, he shall gather it for him that will pity the poor”. [proverbs 28:8]
“Then I consulted with myself, and I rebuked the nobles, and rules and said unto them, ye exact usury (Riba), every one of his brother. And I set a great assembly against them.”[Nehemiah 5:7]
“He that hath not given forth upon usury(Riba), neither hath taken any increase, that hath withdraw his hand from iniquity, hath executed true judgment between man and man, Hath walked in my statues, and hath kept my judgments, to deal truly; he is just,.
He shall surely live, said the Lord GOD.[Ezekiel 18:8,9]
In thee have they taken gifts to shed blood; thou hast taken usury (Riba) and increase, and though hast greedily gained of the neighbors by extortion, and hast forgotten me, said the Lord God.[Ezekiel 22:`12].{Ref:  The Historic Judgment On Interest Page 31:32}


The Holly Prophet Hadarat Muhammad(Peace be upon him)said in the last Sermon delivered on the ninth day of Dhul Hijjah,1o A.H.
"Allah has forbidden you to take usury(Riba, interest),therefore all interest obligation shall henceforth be waived. Your capital,however,is yours to keep.You will neither inflict nor suffer any inequity. Allah has judged that there shall be no interest and that all the interest due to"Abbas ibn' Abdl al Mutalib shall henceforth be waived.Translation rendered by Jamshed Ahmed Hamid in a book"Human Rights-IRI-IIUI


SEE PLEASE NEXT POST ALSO.


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Sunday 5 February 2012

PAKISTAN-EXPANSION OF BANKING SECTOR & EAST INDIA COMPANY.

In his article,written in2008,"Performance of Banking Sector in Pakistan,Dr Shahid Hassan Siddiqui writes:-
During last six years or so,SBP(State Bank Of Pakistan)has particularly adopted a policy of encouraging auction of Pakistani banks to foreigners.This policy is fraught with risks as banks are very powerful institutions.It is therefore,in national interest that the share of foreign banks' deposits in the total deposits is kept at a low level.In any case,the bulk of income of banks operating in Pakistan is in local currency but the profit of banks owned by foreigners is to be remitted in foreign currency.This, along with other factors,will have serious strain on current account deficit and on foreign exchange reserves as also on Rupee-Dollar parity in coming years. We may therefore,well see depreciation in the value of local currency.The share of foreign banks' deposits in the total deposits of the banking sector in 1992 was only 14 percent but the share of foreign stake has now increased to over 50 percent.
The prevailing situation reminds us of the era of East India Company.We are witnessing the re-colonization of the state of Pakistan due to the policies of"Viceroy and financial Viceroys.It appears that SBP is working like minor regional office of the US Federal Reserve System. Dr Hassan-uz-Zaman,while observing that abundance of multi-national corporations is regarded as stratagem to pave the way for economic imperialism by the industrialized nations,says:-
"Dr Shahid Hasan Sadiqui has warned the government of Pakistan to be careful in transferring the privatized industrial and financial institutions to foreign investors because they might emerge as a new East India Company"
It was in 1997 that we had cautioned the government by saying".....it would not be prudent to sell the public sector banks to foreigners.If these banks are sold to foreigners,banks controlled by foreigners,including existing foreign banks,will emerge as most powerful tycoon.
With reference to Rupee-Dollar parity, it is interesting to see that between 2001-2007 the exchange rate remained almost the same but with start of rise in oil prices and lawyers movement in Pakistan,the rupee totally collapsed,said the Overseas Pakistani Friends(www.opfblog.com). However ,a US dollar was equal to 66.62 on 30 May 2008(Buying OD/T.CHQ) and on 6th January it is stood at 89.87 with the increase of Rupees.23.22.How much effected the above cause,the Pak Rupee,the figures can be seen.Entire position can be known from this  single aspect.
But now we have to state here that, in17th  century a Sufi poet,Shah Abdul Latif Bhittai, has warned the people of Indian Sub-continent for bad effects of the East India Company,as we have discussed in our three old posts of this blog,why we can not judge the factual position?
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Saturday 4 February 2012

SHAH ABDUL LATIF BHITTAI--EAST INDIA COMPANY(3)

This post relates to old posts on the subject.
Professor Akram Ansari has rendered  the under noted stanza of Sur Sarirag(III,11) into English verse.
My bark in mid-stream may sink,my sail--------------------What was thought so perfect now doth fail,
The guides are not to be seen in rightful place-----The prowling pirates (Philangi) up and down do space,
My Lord my modest craft protect:----------------------When proud vessels have been cruelly wrecked.  Professor Ansari translated the word Philangi as "Pirate".F.Q.Fatimi tells, us that there is a word frang/philage in the poetry of Shah"I doubt if Professor Ansari's"pirate" does justice to Shah's Philangi Now"pirate" is much to sophisticated a term for Sindhi pejorative (Choor). It is what Sorley said of Shah's imaginative use of the Sindhi language that makes his poetry sometimes untranslatable.It can only be paraphrased. Thus the philamg/frangi (Frank) is trated as"Pirate".
There was apparently no philangi on the sacred soil of Sindh,but were two parties Dutch and  British.The Mughal ruler Shah Jahan's short-sighted-ness had allowed the East India Company to establish a factory at Thatta in 1635 but they had to close it in 1662, that is twenty-seven years before the Shah's birth.The British company did not relish the tough competition offered by the Dutch; the Mughal law of escheat which brought about a modicum of economic balance was abhorred by them;and,finally, the War of Succession(1659) with its resultant insecurity proved the proverbial last straw.
There was very brisk international maritime trade at the neighboring Cambay,the Khambayat of the local toponymy which has been depicted in great and loving detail by the Shah in Sur Srirag...
Advani  writes' Sind merchants had specialized in the trade or precious stones,superfine fabrics and other costly commodities.They sailed in winter by sea and returned in spring by river.Their wives wept and pined in their separation and daily offered perfumed rice to the sea and floated  on the river and prayed pathetically for their safe return. They used to hug the helms of ships before they lifted their anchors and parted with their lords with sobs and tears.
According to Fatimi"It is the bitter cry of anguish against the economic inroads of the philangi (British company). It is unmistakably shows that the above-quoted stanza is related to that maritime trade.
Fatimi writes:"I am sure that in this stanza ,the prophetic warning against the consequences of the most incompetent Moghul ruler Farrukh Siyar's(r.1712-1719) firman of 1717 which,among other concessions,made the company'trade customs-free throughout the imperial territories in return for an annual tribute of the paltry sum of Rupees three thousand To quote Muhammad Iqbal" They sold a nation and how cheaply they sold it.The comments in"The Cambridge Economic History of India" are
"The edict of Emperor Farrukhsiyar was to become the cornerstone of English commercial and political policy in India,and by making the Company partly independent of the local re-distributive enterprise,it opened the way to possible corruption and abuse of the system. The indigenous merchants,subject to the payment of numerous tolls and customs dues,were placed in a position of disadvantage and strove to overcome it by purchasing duty-free trading passes from the English Company
The English achieved a near monopoly of India's maritime trade and,also,enlisted a band of Indian collaborators. The local Cambay trade which the Portuguese had found so formidable and flourishing in the sixteenth and seventeenth centuries was completely destroyed. Following that system there grew up a compradore exploiting commercial class that was lazy and lascivious and had sold its soul to the colonialist interest of the English Company.
It was a insight of a great Sufi poet that he told ,what lay for us next,in his poetry. Now we have to see up to what extent we are following such a way of defeats.(See coming post).


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