The Failure of Islamic Finance

The Failure of Islamic Finance

By MuslimMatters on from muslimmatters.org

The Islamic finance industry has often battled with the question: How Islamic is Islamic banking? The question's pertinence was raised by Sheikh Muhammad Taqi Usmani who said that 85% of Sukuk, or Islamic bonds, were un-Islamic.
Homely Homemaking Homebodies? Why the Quran Commands Muslim Women: “Stay in Your Homes”

Homely Homemaking Homebodies? Why the Quran Commands Muslim Women: “Stay in Your Homes”

By MuslimMatters on from muslimmatters.org

Muslim women emulate the wives of the Prophet [صَلى اللهُ عَليهِ وَ سَلم], considering them role models. Any Quranic command addressed towards the latter, particularly one that aims to establish lofty moral character and conduct, automatically becomes a praiseworthy goal for the average Muslim woman for all time to come.
The End: The Anniversary of the Abolition of the Caliphate

The End: The Anniversary of the Abolition of the Caliphate

By MuslimMatters on from muslimmatters.org

There is a saying that sometimes, in a single night, over a thousand years worth of history takes place. March 4, 1924 was one of those nights. Islam would never be the same again.
Muslim Preachers, Zakir Naik & Bilal Phillips, Denied Entry into UK

Muslim Preachers, Zakir Naik & Bilal Phillips, Denied Entry into UK

By MuslimMatters on from muslimmatters.org

The Internet Muslim Community has been buzzing with reports of Dr Zakir Naik being denied entry into the UK. Dr Zakir Naik was scheduled to host his Famous Peace Conference in the UK this year but was denied a visa on the accusation of him being a supporter of terrorism.

The controversy continued when several other Islamic orators were denied entry as well. Areeb Islam, a convert and preacher from South Africa, was also denied a Visa, while Dr Bilal Philips who was scheduled to speak at a conference on Sunday was denied entry at the airport and sent back to Qatar.
Why I Won’t Be at the Gaza Protest March: Rep. Keith Ellison on Gaza

Why I Won’t Be at the Gaza Protest March: Rep. Keith Ellison on Gaza

By MuslimMatters on from muslimmatters.org

I wrote this last year, but with today’s events surrounding the storming of the flotilla, I thought it timely for a refresh:

Growing up, I was a serious news junkie and always felt a sympathy for the Palestinians as an underdog and just out of an innate sense of justice. After the collapse of President Clinton’s last ditch peace initiative, the Ariel Sharon years, President George W. Bush’s ineffectual policy of the last eight years, and incessant coverage and outrage from the Muslim community on the issue to the exclusion of other issues, I had become disillusioned with the Israel/Palestine issue.
Defining Beauty when True Beauty is ‘Crazy’

Defining Beauty when True Beauty is ‘Crazy’

By MuslimMatters on from muslimmatters.org

While others around us set ‘examples’ of beauty in their own terms, it is upon us to be the ones with whom people are dazzled by their beauty in moral uprightness. The shine of good character blinds its beholders from all other faults, as they only see perfectness in the shining one, free from all blemishes.
Terror Double Standard (Pipe-Bomb Explosion @ Florida Mosque vs. Times Square Plot)

Terror Double Standard (Pipe-Bomb Explosion @ Florida Mosque vs. Times Square Plot)

By MuslimMatters on from muslimmatters.org

On the evening of May 10, there was a small explosion and fire outside a Jacksonville, FL mosque. According to a fire department investigation and officials of the Islamic Center of Northeast Florida, worshipers heard a loud noise outside the mosque, and there was a small fire that was extinguished. The damage was described as “very minimal” by a Jacksonville Fire and Rescue spokesperson. Thank God, no one was injured in the attack
Eye Opening Words in the Quran Describing the Life of this World

Eye Opening Words in the Quran Describing the Life of this World

By MuslimMatters on from muslimmatters.org

Surah Al-Hadid (its title meaning, ‘the iron’) talks about the reality of the transient life of this world. Several descriptive words are used to reveal to us its true nature. After that, Allah warns us to remember that the life of this world is nothing but a ”deceptive enjoyment”.

اعْلَمُواأَنَّمَا الْحَيَوةُ الدُّنْيَا لَعِبٌ وَلَهْوٌ وَزِينَةٌ وَتَفَاخُرٌ بَيْنَكُمْ وَتَكَاثُرٌ فِى الاٌّمْوَلِ وَالاٌّوْلْـدِ كَمَثَلِ غَيْثٍ أَعْجَبَ الْكُفَّارَ نَبَاتُهُ ثُمَّ يَهِيجُ فَتَرَاهُ مُصْفَرًّا ثُمَّ يَكُونُ حُطَامًا وَفِى الاٌّخِرَةِ عَذَابٌ شَدِيدٌ وَمَغْفِرَةٌ مِّنَ اللَّهِ وَرِضْوَنٌ وَمَا الْحَيَوةُ الدُّنْيَآ إِلاَّ مَتَـعُ الْغُرُورِ
“Know that the life of this world is only play and amusement, pomp and mutual boasting among you, and rivalry in respect of wealth and children, as the likeness of vegetation after rain, thereof the growth is pleasing to the tiller; afterwards it dries up and you see it turning yellow; then it becomes straw. But in the Hereafter (there is) a severe torment (for the disbelievers, evil-doers), and (there is) Forgiveness from Allah and (His) Good Pleasure (for the believers, good-doers), whereas the life of this world is only a deceiving enjoyment“. [57:20]

In order to see the real picture being painted by our Creator as He details to us the reality of the life of this world, it would be beneficial to ponder on the root meanings of the several Arabic words He has used in the above verse.
I Am NOT A Terrorist: Being Muslim in the Midst of Crazy Radicals

I Am NOT A Terrorist: Being Muslim in the Midst of Crazy Radicals

By MuslimMatters on from muslimmatters.org

Every time there is a terror attack, must we always raise our hands in the air begging “Oh God, please don’t let it be a Muslim”.

Every time some loony Muslim radical gets the bright idea of re-enacting Cain’s misdeed, our hearts drop; because we know a flurry of backlash is about to ensue. And you know what, this paradigm is illustrated in the hadith:
My Thoughts, as a Muslim, on the World Cup 2010 in South Africa

My Thoughts, as a Muslim, on the World Cup 2010 in South Africa

By MuslimMatters on from muslimmatters.org

Soccer’s World Cup 2010 is just a few days away and for the first time the World Cup will be hosted by South Africa. This has led to much controversy amongst South African Muslims as to whether the World Cup is a good or bad thing and if it is permissible to watch it and support the team.

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