God's laws regarding economics
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Salam,
Anyone with knowledge regarding how to use money according to Quran?
Zakat, Sadaqa? 20% of profit or salary to charity? Money given to charity on same day you get salary or just the excess until next salary?
Thank you
Salam
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whatever you will give in the way of Allah its best and profitable... but i think from your income there is a share of your money to poor needy family travellor etc..
peace
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whatever you will give in the way of Allah its best and profitable... but i think from your income there is a share of your money to poor needy family travellor etc..
peace
Salam,
Thanks for reply. Though this can't be it, there's many more laws etc. and I can't put them together.
Salam
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Peace Submitter,
Please see the following threads
http//free-minds.org/forum/index.php?topic=9596586.0
http//free-minds.org/forum/index.php?topic=9606491.0
http//free-minds.org/forum/index.php?topic=12267.0Also the following article
http//www.free-minds.org/Old/articles/quranic/zakat.htm
Peace
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According to Quran or according to God?
But herewith the law (the true law)
- You will reap what you sow, the things you want people do to you, do also to them..
1.1 Do not take advantage of other people failings / misfortune as you also don't want the same thing happened to you when you're facing failings and misfortune.
1.2 Give more and you will earn more
1.3 Give less and you will earn less
- You will reap what you sow, the things you want people do to you, do also to them..
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from quran-islam.org
The Zakat is an obligatory payment on all believers who have an income. This payment is to be paid to in accordance to God's instructions.
"They ask you what to spend, say ?al-affwoo?. God thus clarifies the revelations for you that you may reflect." 2219
The Key word in this verse is the word "al-affwoo". To be able to determine what is exactly meant by this word we should look at other Quranic verses that employ the same word. The following are some Quranic verses that are of special significance to our inquiry
"Then they set up the calf after the miracles came to them, 'fa afawna aan zalika' (We pardoned them for that)." 4153
"(those) who spend in prosperity and hardship, and the suppressors of rage, and 'al-aafeen aan al-naas' (the ones who pardon the people). God loves the good-doers." 3134
"O you who believe, do not ask about matters which, if revealed to you, would hurt you, but if you ask about them when the Quran is being brought down, they will become clear to you. God has 'aafa aanha' (pardoned those matters). God is Forgiver, Forbearing." 5101
" ........... 'aafa Allah aamma salaf' (God has pardoned what happened in the past), but God will avenge anyone who re-offends. God is Dignified, Avenger." 595
According to the above verse, we can see that the word "al-affwoo" (and its derivatives) has been used to mean that which has been pardoned or overlooked.
If we apply this to the word "al-affwoo" which is used in 2219 and which is related to the payment of Zakat, we can see that God is telling us that we should pay Zakat (charity) from that part of our income which we can afford to give away without the need to ask for it back, or in other words what we can afford to overlook and pardon without incurring any hardship.
It is significant that God did not define or quantize the exact portion of our incomes which we are able to give to charity and be able to overlook it (not ask for it back). God knows that this will be different for each individual and directly dependant on each's income and circumstances. It is also dependant on each person's desire to do righteousness. Consequently, God left it to each indivual to assess his/her own needs and obligations, and then decide what portion of one's excess income that can be given away and overlooked without incurring any hardship. "
Does the Quran authorise a fixed rate of Zakat?
The straightforward answer is NO. Nowehere in the Quran is there any hint of a fixed rate. The 2.5% which is followed by Muslims around the world rate is not found in the Quran. The source of this ritual, as many other non Quranic rituals, can only be found in the 'hadith' collections. We have seen that the Quran defines the Zakat payment from 'Al-AFW', which is what a person is able to give away without incurring any great hardship. Obviously this amount will differ from person to another depending on each's income.
Regarding percentages or lack thereof ---
As a matter of fact, in 1726-29 we can see concrete confirmation that God did NOT set a fixed percentage for Zakat"You shall give the relatives 'haqahu' (their due), as well as the needy and the homeless yet do not squander wastefully. The squanderers are brothers to the devils and the devil is a rejecter of his Lord. If you have to turn away from them, seeking the mercy from your Lord which you desire, still speak to them nicely. Do not keep your hand tied to your neck, nor shall you fully extend it, lest you end up blaming yourself and regretful." 1726-29
As mentioned above, these words speak of the obligatory Zakat and therefore the following words are very significant
"Do not keep your hand tied to your neck, nor shall you fully extend it, lest you end up blaming yourself and regretful."
We must meditate on these words for a while and then pose the following question If God had actually set a fixed percentage (as the 2.5%) for the payment of the Zakat (due alms), would God command us "Do not keep your hand tied to your neck" nor "fully extend it"? These words can only mean that the percentage is NOT fixed, but is flexible and that it has been left to each individual's means.
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@ natasha
2.5% comes out from secondary sources..
peace
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Salam,
Anyone with knowledge regarding how to use money according to Quran?
Zakat, Sadaqa? 20% of profit or salary to charity? Money given to charity on same day you get salary or just the excess until next salary?
Thank you
Salam
Salam buddy!
Check out this post
http//free-minds.org/forum/index.php?topic=12267.msg384401#msg384401 -
Salam,
Thanks everyone.
Salam
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Salam,
Thanks everyone.
Salam
You're welcome...
God's law is based on cause and effect... and it's all observable...
If you're interested in this topic, learn macro economics, and you shall understand that what I've said above is all true.. the more people share, the more people give (or in economical term SPEND), the more welfare that they will get. The more people "save" or the more people do 'stock piling of valuable resources', the more people take away resources from other people through force or deceit, the less welfare that they will get as a whole..
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Peace HP_TECH,
Check out this post
http//free-minds.org/forum/index.php?topic=12267.msg384401#msg384401bravo bravo bravo
Keep up the good work. May the infinite Creator bless you.
Peace