This section presents articles that will help the true truth seeker to understand the religion of Al-Islam. Articles discussing the basic tenets of the religion, religious philosophy, and Islamic history as well as articles dispelling common myths, propaganda and deliberate misinformation are also presented. In this open season of outrageous attacks against Al-Islam and Muslims, it is very important that the true truth seeker be able to ascertain truths from falsehood. The articles in this section will help in that process.
QUESTION: What is the Muslim position, or what would be our position on the stock market? —California
WDM: The stock market, in my estimation, is an investment. You're speculating. You're not involved in any usury.
I'm sure that we can't live without speculation if we are going to be dealing with people. The businessman has to speculate.
If I speculate that this commodity is going to sell better than this one, or that this commodity has a better chance than another one and I choose the one I think will be running best this year or for the next two or three years or whatever, and then I invest money in that stock, that's not gambling. That's speculation. That's not usury and it's not gambling.
Speculation, however, is strictly forbidden in matters that G_d has decided. But when it comes to trying to foresee the future for a particular commodity that's going to be produced or that's on the market, that's wise—you have to do that. And there's nothing immoral or un-Islamic about it at all.
"Surely My Mercy overtakes My Wrath"
I come to you in the Name of that Benevolent, Most Merciful God Whom you and we worship and serve, and Whose Name in the Arabic, Aramaic, Hebrew and other semitic languages is ALLAH; so in Arabic I say "Bismillahir-Rahmanir-Raheem," which means "In the Name of God, the Benevolent, the Most Merciful;" and in His Name I greet you by saying "as-salaamu 'alaikum," which means "God's peace for you."
You have invited me here to represent to you a Faith which belongs utterly to God and not to men, which He in His Wisdom has entrusted to men for their benefit and as a guide for the conduct of their daily affairs. God has then enabled me to know of and to bring here some brief fraction of that faith in one God, who offers salvation to all human kind. It is God therefore Who has created this occasion, making me responsible to Him for expressing to you some of His guidance as recognized by muslims. I ask God to enable me to fulfill this responsibility and to protect me and you from the harm of any error I may make.
Narrated Abu Musa: "That the Prophet said to him 'O Abu Musa! You have been given one of the musical wind-instruments of the family of David.' (Translation of Sahih Bukhari, Virtues of the Qur'an, Volume 6, Book 61, Number 568)"
The Islamic Stance on Music: Ghamidi’s View-Part 1
Translated by Tariq Haashmi
Ghamidi is President and Founder of Al-Mawrid, Institute of Islamic Sciences (51-K, Model Town, Lahore, Pakistan Tel. 5865145 / 5434306). President of Danish Sara, an institution for organizing the task of Islamic propagation and the people involved in it. Presently, the institution is publishing two monthly journals, Renaissance (English) and Ishraq (Urdu) and books and pamphlets on Islam. Ghamidi is Chief Editor of Renaissance which publishes research work done at Al-Mawrid and other articles dealing with various aspects of Islam. Chief Editor, Ishraq, a monthly Islamic research journal (Urdu). Ishraq also publishes research work done at Al-Mawrid and other articles.)
The Almighty has created man with the best physical and intellectual abilities. Desires for beauty and stateliness of thought and practice are found in his nature. He is well-disposed to choose good to the exclusion of evil, and prefer piety to sinfulness. He professes virtues of love, fidelity, truth, purity, justice and equality, and shuns hatred, falsehood, injustice and inequity. He yearns for enlightenment and shuns ignorance; he goes for fragrance and evades fetidness; he craves for beauty and dislikes ugliness. All cultural advancement and progress in civilization, in fact, owes itself to this very natural desire in man for beauty and grandeur. Every small step he has taken for advancement testifies to his inclination towards the best.