Log in / Register
Home arrow Business & Finance arrow The art of RF (riba-free) Islamic banking and finance

Behavioral Guidelines and the Discipline of Giving

The Judeo-Christian-lslamic Shari'aa law places the following rules for giving. Some of these rules coincide with what was outlined earlier in the Jewish and Christian traditions. These rules are expanded further by the law (Shari'aa) to make them more standardized, fair, and universal:

1. Giving should never be associated with or followed by a grudge, a bad feeling (even in a concealed way), or even a frown. The teachings of Judaism, Christianity, and Islam are essentially similar on this front. The Qur'aan teaches:

2:264 О ye who believe! Cancel not your charity by reminders of your generosity or by injury — like those who spend their substance to be seen of men, but believe neither in Allah nor in the Last Day. They are in parable like a hard, barren rock, on which is a little soil: on it falls heavy rain, which leaves it [just] a bare stone. They will be able to do nothing with aught they have earned. And Allah guides not those who reject faith.

2. The motivation behind giving is only to please God by fulfilling the basic tenets of the faith. This will result in self-content, peace at heart, and peace of mind, leading those who practice it to further successes. Giving should not be intended to show off. Giving can be done in public, but it is preferred to be done in secret in order to receive the highest reward from God:

2:271 If ye disclose (acts of) charity, even so it is well, but if ye conceal them, and make them reach those [really] in need, that is best for you: It will remove from you some of your [stains of] evil. And God is well acquainted with what ye do.

2:274 Those who [in charity] spend of their goods by night and by day, in secret and in public, have their reward with their Lord: on them shall be no fear, nor shall they grieve.

3. Giving should be from the same stocks that are available to the giver, and not from the lowest quality of products, left over stocks or assets in order to “dump” them on the poor and needy.

2:267 О ye who believe! Give of the good things which ye have [honorably] earned, and of the fruits of the earth which We have produced for you, and do not even aim at getting anything which is bad, in order that out of it ye may give away something, when ye yourselves would not receive it except with closed eyes. And know that God is Free of all wants, and worthy of all praise.

4. Those who can afford to give but they do not, the Qur'aan compares them to those who follow Satan. And those who follow Satan are promised deep poverty and failure:

2:268 The Devil and Evil one leads you to poverty and bid you to conduct unseemly. God promises you His forgiveness and bounties.

And God/Allah cares for all and He knows all things.

Found a mistake? Please highlight the word and press Shift + Enter  
< Prev   CONTENTS   Next >
Business & Finance
Computer Science
Language & Literature
Political science