IT'S AN ISLAMIC CONCEPT OF HALAL BUSINESS

1. Halal finance: importance and
application
Abdullah Masum
Mufti, CSAA

2. Mufti Abdullah Masum
CSAA (Certified Sharia Adviser and Auditor), AAOIFI, Bahrain
Working group member: AAOIFI Governance and Ethics board (AGEB).
Member of AAOIFI Exams Review Committees (ERC) on behalf of AAOIFI
Education Board (AEB)
Founder Director, IFA consultancy Ltd.
Senior Deputy Mufti, Jami’ah Shari’yyah Malibag, Dhaka.
Shariah Member: EDGE Al-Amin Shariah Consumer Fund (EDGE AMC Limited )
Shariah member secretary: Bengal Commercial Bank Limited
Sharia member secretary and Consultant : Bangal islami takaful Ltd
Speaker Profile

3. Today’s
topics
1. The true meaning of success
2. The success dependence
3. The importance of Halal
4. The way to ensure Halal in our
lives

4. Let's discuss The
meaning of
success

5. Success
Personal
Goole
Endeavor
Achievem
ent

6. Success?
To own a
lot of
money
Owning a car
owning a
home
Owning a big
position

7. The true definition of success
Al-imran: 3: 185
ۡ‫م‬ُ‫ک‬ َ‫ر‬ ۡ
‫و‬ُ‫ج‬ُ‫ا‬ َ‫ن‬ ۡ
‫و‬َّ‫ف‬ َ‫و‬ُ‫ت‬ ‫ا‬َ‫م‬َّ‫ن‬ِ‫ا‬ َ‫و‬ ِؕ‫ت‬ ۡ
‫و‬َ‫م‬ۡ‫ال‬ ُ‫ۃ‬َ‫ق‬ِ‫ئ‬ٓ‫ا‬َ‫ذ‬ ٍ
‫س‬ۡ‫َف‬‫ن‬ ُّ‫ل‬ُ‫ک‬
َ‫و‬ ِ
‫ار‬َّ‫ن‬‫ال‬ ِ‫ن‬َ‫ع‬ َ‫ح‬ ِ
‫ز‬ ۡ
‫ح‬ُ‫ز‬ ۡ
‫ن‬َ‫م‬َ‫ف‬ ِؕ‫ۃ‬َ‫م‬ٰ‫ی‬ِ‫ق‬ۡ‫ال‬ َ‫م‬ ۡ
‫و‬َ‫ی‬
ُ‫ا‬
َ‫ۃ‬َّ‫ن‬َ‫ج‬ۡ‫ال‬ َ‫ل‬ ِ‫خ‬ ۡ‫د‬
ِ
‫ر‬ ۡ
‫و‬ُ‫ر‬ُ‫غ‬ۡ‫ال‬ ُ‫ع‬‫ا‬َ‫ت‬َ‫م‬ َّ
‫َّل‬ِ‫ا‬ ۤ‫ا‬َ‫ی‬ۡ‫ن‬ُّ‫د‬‫ال‬ ُ‫ۃ‬‫و‬ٰ‫ی‬َ‫ح‬ۡ‫ال‬ ‫ا‬َ‫م‬ َ‫و‬ ؕ َ‫از‬َ‫ف‬ ۡ‫د‬َ‫ق‬َ‫ف‬
Every soul will taste death, and you will only be given your [full]
compensation on the Day of Resurrection. So he who is drawn
away from the Fire and admitted to Paradise has attained [his
desire]. And what is the life of this world except the enjoyment of
delusion.

8. The success dependence
•1.Take faith (Eman)
•2.worship (Ebadah)
•3.Ensuring Halal

9. The importance of Halal
• What is Halal? What Sharia has approved is lawful or Halal
• This is a broad title of Sharia which includes Halal food, Halal income
and all permissible things in Islam.
• ُ‫ط‬ُ‫خ‬ ‫وا‬ُ‫ع‬ِ‫ب‬َّ‫ت‬َ‫ت‬ َ
‫ًل‬َ‫و‬ ‫ا‬‫ا‬‫ب‬ِ‫ي‬َ‫ط‬ ‫ا‬
‫ًل‬ َ
‫َل‬َ‫ح‬ ِ
‫ض‬‫أ‬‫ر‬َ ‫أ‬
‫اْل‬ ‫ي‬ِ‫ف‬ ‫ا‬َّ‫م‬ِ‫م‬ ‫وا‬ُ‫ل‬ُ‫ك‬ ُ‫اس‬َّ‫ن‬‫ال‬ ‫ا‬َ‫ه‬ُّ‫ي‬َ‫أ‬‫ا‬َ‫ي‬
‫ُو‬ََُ ‫أ‬َُُْ‫ل‬ ََُُِِّّ ِِۚ ‫ا‬َ‫ط‬‫أ‬‫ي‬ََّّ‫ال‬ ِِ‫ا‬َ‫و‬
‫ي‬ِ‫ب‬ُّ‫م‬
O mankind, eat from whatever is on earth [that is] lawful and good and do not follow the
footsteps of Satan. Indeed, he is to you a clear enemy. (Baqara: 168)

10. • ‫ا‬َ‫ه‬ُّ‫ی‬َ‫أ‬ٰٓ‫ـ‬َ‫ی‬
َ‫ین‬ِ‫ذ‬َّ‫ٱل‬
‫وا‬ُ‫ن‬َ‫م‬‫ا‬َ‫ء‬
‫وا‬ُ‫ل‬ُ‫ك‬
‫ن‬ِ‫م‬
ِ‫ت‬َٰ‫ب‬ِ‫ی‬َ‫ط‬
‫ا‬َ‫م‬
ۡ‫م‬ُ‫ك‬َٰ‫ن‬ۡ‫ق‬َ‫ز‬ َ‫ر‬
‫وا‬ُ‫ر‬ُ‫ك‬ۡ‫ٱش‬ َ‫و‬
ِ َّ ِ
‫لِل‬
‫ن‬ِ‫إ‬
ۡ‫م‬ُ‫ت‬‫ن‬ُ‫ك‬
ُ‫ه‬‫َّا‬‫ی‬ِ‫إ‬
َ‫ُون‬‫د‬ُ‫ب‬ۡ‫ع‬َ‫ت‬
O you who have believed, eat from the good things which We
have provided for you and be grateful to Allah if it is [indeed] Him
that you worship. (Baqara: 172)
• Anas bin Malik RD said, Prophet PBUH said,
ْ‫مسل‬ ‫كل‬ ‫َلى‬ ‫واجب‬ ‫الحَلل‬ ‫طلب‬
• It is obligatory upon every Muslim to seek Halal (Mazmaujjawaed, 10: 377)

11. • Abu Huraira reported Allah's Messenger ( ‫ﷺ‬
) as saying:
‫الناس‬ ‫أيها‬
!
‫فقال‬ ، ‫المرسلي‬ ُ‫ب‬ ‫أمر‬ ‫بما‬ ‫المؤمني‬ ‫أمر‬ ‫هللا‬ ِۚ ِ‫و‬ ،‫طيبا‬ ‫ًِل‬ ‫ًليقبل‬،‫طيب‬ ‫هللا‬ ِۚ ِ
:
‫بما‬ ‫َِّي‬ ،‫صالحا‬ ‫واَملوا‬ ِ‫الطيبا‬ ‫م‬ ‫كلوا‬ ‫الرسل‬ ‫أيها‬ ‫يا‬
‫وقال‬ ،ْ‫َلي‬ ِۚ ‫تعملو‬
:
‫يارب‬ ‫يارب‬ ‫السماء‬ ‫ِلى‬ ُ‫يُي‬ ُ‫يم‬ ‫أغبر‬ ‫أشعث‬ ‫السفر‬ ‫يطيل‬ ‫الرجل‬ ‫ذكر‬ ْ‫ث‬ ْ‫رزقناك‬ ‫ما‬ ِ‫طيبا‬ ‫م‬ ‫كلوا‬ ‫آمنوا‬ ‫الذي‬ ‫يأيها‬
!
‫حرام‬ ُ‫ومطعم‬
‫لذلك‬ ‫يستجاب‬ ‫فأَّى‬ ‫بالحرام‬ ‫وغذي‬ ‫حرام‬ ُ‫وملبس‬ ‫حرام‬ ُ‫ومَّرب‬
.
• O people, Allah is Good and He therefore, accepts only that which is
good. And Allah commanded the believers as He commanded the
Messengers by saying: "O Messengers, eat of the good things, and
do good deeds; " (xxiii. 51). And He said: "O those who believe, eat
of the good things that We gave you" (ii. 172). He then made a
mention of a person who travels widely, his hair disheveled and
covered with dust. He lifts his hand towards the sky (and thus makes
the supplication): "O Lord, O Lord," whereas his diet is unlawful, his
drink is unlawful, and his clothes are unlawful and his nourishment is
unlawful. How can then his supplication be accepted?

12. • Abu Huraira reported Allah's Messenger ( ‫ﷺ‬
) as saying:
‫بيُه‬ ‫َّفسي‬ ‫والذي‬
...
ُ‫َلي‬ ‫هللا‬ ‫حرم‬ ‫ما‬ ُ‫في‬ ‫في‬ ‫يجعل‬ ِۚ ‫أ‬ ‫م‬ ُ‫ل‬ ‫خير‬ ،ُ‫في‬ ‫في‬ ُ‫فيجعل‬ ‫ترابا‬ ْ‫أحُك‬ ‫ياخذ‬ ِۚ ‫ْل‬
.
I swear by him in whose hands is my life, It is better to give soil than to
give haram in the mouth (Mazmaujjawaed, 10: 380)
• Abu Barjah Aslami reported Allah's Messenger ( ‫ﷺ‬
) as saying:
‫أب‬ ْ‫في‬ ُ‫جسم‬ َ‫و‬ ،ُ‫أَّفق‬ ْ‫وفي‬ ُ‫اكتسب‬ ‫أي‬ ‫م‬ ُ‫مال‬ َ‫و‬ ،‫فعل‬ ْ‫في‬ ُ‫َلم‬ َ‫و‬ ،‫أفناه‬ ْ‫في‬ ‫َمره‬ َ ‫يسئل‬ ‫حتى‬ ‫لقيامة‬ ‫ا‬ ‫يوم‬ ُ‫َب‬ ‫قُما‬ ‫ًلتزول‬
‫َله‬
.
'Man's feet will not move from their place on the Day of Resurrection
before he is asked about his life, in what did he let it perish? About his
knowledge, what did he do with it? About his wealth, from where did
he earn it, and on what did he spend it? About his body, in what did he
wear it out?'

13. • Mufti taqi Usmani said,
“If someone always thinks in such a way that not even a single taka
haram enters his earnings, and only performs the obligatory worship,
without the opportunity to do Nafal, he will go directly to Paradise.
Another person prays a lot. But not aware of the halal, his worship will
not save him from hell because of the haram.”
• Hala awareness of Salaf:
Abdullah ibn Umor said: ‫العبادۃ‬
‫مع‬
‫أكل‬
‫الحرام‬
‫كبنیان‬
‫على‬
‫السرقین‬
Ibadah besides taking Haram is basically like building a house on
dung/stool.

14. • From Salaf : ‫الحرام‬ ‫مخافة‬ ‫الحالل‬ ‫ترك‬ ‫الورع‬ ‫أعلى‬ The greatest piety/Taqwa is
giving up what is forbiddeniHaram.
• Abdullah ibn mubarok said: ‫درهم‬ ‫ألف‬ ‫بمئة‬ ‫أتصدق‬ ‫أن‬ ‫من‬ ‫إلى‬ ‫أحب‬ ‫شبهة‬ ‫من‬ ‫درهم‬ ‫رد‬
. Giving up a
doubtful dollar is better to me than donating a million dollars.
• Imam Ahmad was asked, through what the hearts are softened? He
said - by taking halal.
• Muslim women used to say,
• ‫لك‬ ‫قدر‬ ‫مما‬ ‫أكثر‬ ‫تصب‬ ‫لم‬ ‫حرام‬ ‫من‬ ‫أخذت‬ ‫إن‬ ‫فإنك‬ ،‫حالل‬ ‫من‬ ‫لك‬ ‫قدر‬ ‫ما‬ ‫واطلب‬ ،‫هللا‬ ‫اتق‬
. Fear Allah concerning us.
We are ready to suffer on hunger but cannot accept the fire of the
Hereafter by taking haram.

15. • Ibnu Ataullah Iskandari said: ‫نسیئة‬ ‫فیجازیه‬ ً‫ا‬‫نقد‬ ‫العبد‬ ‫یعامله‬ ‫أن‬ ‫ربنا‬ ‫جل‬
The slave/Bandah will leave Haram in cash, Allah will pay him with the
rest, it will not happen.
• Allah said: ‫ن‬َ‫م‬ َ‫و‬
ِ‫ق‬َّ‫ت‬َ‫ی‬
َ َّ
‫ٱلِل‬
‫ل‬َ‫ع‬ ۡ
‫ج‬َ‫ی‬
‫ُۥ‬‫ه‬َّ‫ل‬
‫ا‬ ٗ
‫ج‬َ‫ر‬ ۡ
‫خ‬َ‫م‬ whoever fears Allah – He will make for
him a way out ُ‫ه‬ۡ‫ق‬ُ‫ز‬ ۡ
‫ر‬َ‫ی‬ َ‫و‬
ۡ
‫ن‬ِ‫م‬
ُ‫ث‬ۡ‫ی‬َ‫ح‬
َ
‫َّل‬
ُ‫ب‬ِ‫س‬َ‫ت‬ ۡ
‫ح‬َ‫ی‬ And will provide for him from where he
does not expect.
• The father of Imam Bukahri said: ‫شبهة‬ ‫من‬ ‫درهما‬ ‫وَّل‬ ‫حرام‬ ‫من‬ ً‫ا‬‫درهم‬ ‫مالي‬ ‫من‬ ‫أعلم‬ ‫َّل‬
I do not know that there is at list one dollar haram in my wealth.

16. The way to ensure Halal in our lives
Our revenue is
mainly coms
from three
categories.
namely-
A. business. B. the job. C. investment.

17. Business
• The way to ensure halal in business is,
• 1. Not dealing with haram goods
• 2. Do not do business with interest-based loans.
• 3. Keeping in touch with a Shariah specialist scholar.
• If possible, appoint him as Shariah advisor.
• It was customary for Muslim traders in earlier times, when they went
on a business trip/tour, to be accompanied by a scholar.
• 4.Shariah audit should be done every year.
• 5.Zakat should be paid as usual.

18. Job
• 1. Job work must be halal.
• 2. The source of salary must be lawful. Or most must be halal.
• 3. Do not waste other obligatory acts of worship while doing work
• 4. Abstain from all interest-based transactions.
• 5. To be connected with Ulama

19. investment.
• 1. It must first be confirmed that the person to invest in will do
business according to Halal
• 2. Profitability cannot be determined in numbers. To be determined
as a percentage.
• 3. Shariah consultation with a Shariah Alim should be done before
making any investment.
• 4. Zakat should be paid according to the rules.
• 5. In case of loss along with profit, it will be taken in capital ratio.
Finally, to preserve each other's trustworthiness.