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Our Magazine section boasts hundreds of articles, interesting reads, profiles and opinions on all Islamic.

Money Talk

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A budget allows you to plan, control and account for both your income and your expenses. It helps you to set long-term goals and measure your progress towards those goals. More than that, it helps you to discipline yourself, if like most of us, money tends to slip out of your hands much than it comes in! Contrary to popular belief, you do not need to be a mathematical genius to age your budget. It is a simple matter adding and subtracting - and if you trouble with that, invest in a calculator helps! Start by making a note of your monthly income - that is minus the big the taxman takes out of it and all other necessary deductions your employer makes! Then write down all your salary expenses - the rent, utilities like water and electricity, phone bill, petrol expenses school fees, pocket money for the kids In order to have more barakah in I money, our parents had the wonderful habit of taking out a teensy bit as soon they received their pay to give to the needy in the community. Today, even the modern western world is beginning to realize to attract more money, you need to give more sadaqah. So add and make it a compulsory expense. You may be surprised how much barakah it creates in what is left behind! Now you come to the interesting and most challenging part - the non-essential, long-term expenses. This is the portion with which you have to be extra careful and disciplined. Start by defining your long-term plans and ambitions. You

Profile Farid Sayed

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What a rich tapestry of hands-on journalistic experience Radio 786 enjys from Farid Sayed. Farid's passing colored tapestry of  broadcast journalism strings from a fixed warp of print media threads. Where was the nucleus of these journalistic threads spun from? This news hound can claim his kernel: a journalistic lineage of a proud tradition of struggle and boldness of an alternative press during the dark days of Apartheid.   Sayed learnt the trade of news hounding and writing at the coal-face of having to assist in the production of the then credible and much respected Muslim News. He was a labor-hand at S&S Printers: collating booklets and then finally to "collating Muslim News as it used to come off the press with the old system. Each was folded individually in the machine".

Sheikh Ebrahim Gabriels

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Where does Sheikh Ebrahim Gabriels, President of the Muslim Judicial Council (MJC) and Treasurer of the United Ulama Council of South Africa (UUCSA), amongst other esteemed positions, hail from? Where else but from the leafy quarters of Claremont, he migrated to the wind wept plains of the Cape flats under the wing of one of the most esteemed fathers of learning in the Cape Town community, Imaam Ishmail Johnstone of Surrey Estate.

Not only did Imaam Johnstone firmly shape his spirit and intellect along the course of Islam, but was also instrumental in the MJC President's graduating from the College of Medina University.

What better way than to cement the relationship through family ties? Hence, the union of marriage between Sheikh Ebrahim and Aisha, third eldest daughter of Imaam Johnstone. Aisha, so well fathered and so well husbanded. "Without her I could never have made it during those challenging years in Medina", says the Imaam of Forelands Masjid about the queen of his heart, "for she is a woman of great courage and sabr". As if the Sheikh sang this praise in her pres 

Money Talks - Personal Finance Part 2

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Archive Articles of the Boorhaanol Islam Magazine.  In the previous article, we started the discussion on interest by qualifying what it is. In this concluding article we explain why Islam takes such a harsh view of interest and what is to be done with it.

Why does Islam take such a harsh view of interest?

The principal reason why the Quran has delivered such a harsh verdict against interest is that Islam wishes to establish an economic system where all forms of exploitation are eliminated. Interest perpetuates the injustice by assuring a financier of a positive return without him doing any work or sharing in the risk, while the entrepreneur, in spite of his management and hard work, is not assured of such a positive return.

 

What should be done with interest? Who should it be given to?

Money Talk - Personal Finance

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What is the Islamic view on interest?

Among the most important teachings of Islam for establishing justice and eliminating exploitation in business transactions is the prohibition of all sources of 'unjustified' enrichment. The Quran and Sunnah have given principles whereby a Muslim society can know what constitutes a 'wrongful or unjustified source' of earning or acquisition of property from others. One of the important sources of unjustified earning is receiving any monetary advantage in a business transaction without giving a just counter-value. In the Islamic value system, riba represents a prominent source of unjustified advantage.

 

What does the Quran say about interest?

The prohibition of riba appears in the Quran in four different revelations. The first of these emphasizes that while interest deprived wealth of God's blessings, charity raised it manifold. The second ayah severely condemned interest, in line with its prohibition in the previous scriptures. It placed those who took riba in

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