Learn fiqh before trading business
Mu' meneen Brothers and Sisters,
As Salaam Aleikum wa Rahmatullahi wa Barakatuh. (May Allah's Peace, Mercy and Blessings be upon all of you)
One of our brothers/sisters has asked this question:
Theres a hadith that says learn the fiqh of trading before starting a business or people will sin because of riba. Can you explain the fiqh of trading? Jazallah.
(There may be some grammatical and spelling errors in the above statement. The forum does not change anything from questions, comments and statements received from our readers for circulation in confidentiality.)
In the name of Allah, We praise Him, seek His help and ask for His forgiveness. Whoever Allah guides none can misguide, and whoever He allows to fall astray, none can guide them aright. We bear witness that there is no one (no idol, no person, no grave, no prophet, no imam, no dai, nobody!) worthy of worship but Allah Alone, and we bear witness that Muhammad (saws) is His slave-servant and the seal of His Messengers.
The Messenger of Allah (saws) indeed encouraged and guided the believing traders to acquire knowledge and learn the Shariah laws regarding the haraam and the halaal in trading so that they would be able to conduct their business within the boundaries permitted by Allah and His Messenger (saws).
Beloved Brother in Islam, it would be almost impossible for us to relate the complete Fiqh of Trading on this forum, as it would indeed become a very lengthy article. The best way to acquire this knowledge is to study the Chapter titled ‘Trading’ in the Book of Islamic Jurisprudence called ‘Fiqh-us-Sunnah’, where almost every aspect of the principle of trading is documented in light of the guidance of the Quran and the Sunnah.
This Book should be available in any good Islamic library or any good Islamic book-store. If you have any difficulty locating this book, please do write back to us and we will try our best to locate it for you in the language you understand best.
Whatever written of Truth and benefit is only due to Allah’s Assistance and Guidance, and whatever of error is of me. Allah Alone Knows Best and He is the Only Source of Strength.
Your Brother in Islam,