What could you let go of, for the sake of harmony?
Mohammadeen
Introduction:
Islamic investors, guided by the principles of Shariah, strive for financial success while upholding ethical and moral values. Rooted in the teachings of the Holy Quran, they understand the significance of letting go of certain practices and behaviors to promote harmony in the financial world. In this article, we explore what Islamic investors could let go of for the sake of achieving financial harmony, using quotes from the Holy Quran.
- Letting go of interest-based transactions:
“Allah has permitted trade and has forbidden interest.” (Quran 2:275)
Islamic investors prioritize letting go of interest-based transactions, known as usury or riba. By abstaining from such practices, they promote fairness, transparency, and economic justice within the financial system, fostering harmony among stakeholders.
- Letting go of unethical investments:
“And do not consume one another’s wealth unjustly or send it [in bribery] to the rulers in order that [they might aid] you [to] consume a portion of the wealth of the people in sin, while you know [it is unlawful].” (Quran 2:188)
Islamic investors are encouraged to let go of unethical investments that harm others or involve unjust practices. They prioritize investments that align with Islamic values, such as those in socially responsible companies, ethical industries, and projects that contribute positively to society.
- Letting go of excessive risk and speculation:
“And do not consume one another’s wealth unjustly or send it [in bribery] to the rulers in order that [they might aid] you [to] consume a portion of the wealth of the people in sin, while you know [it is unlawful].” (Quran 2:188)
Islamic investors are advised to let go of excessive risk-taking and speculative investments that may lead to financial instability or harm others. They focus on investments with calculated risks, promoting stability and long-term sustainable growth.
- Letting go of dishonesty and deceit:
“And give full measure when you measure, and weigh with an even balance. That is the best [way] and best in result.” (Quran 17:35)
Islamic investors embrace honesty and integrity in their financial dealings. They let go of dishonest practices such as misrepresentation, insider trading, and deceitful behaviors. By adhering to ethical standards, they establish trust, credibility, and harmony in the investment community.
- Letting go of excessive greed:
“And let not your hand be tied to your neck nor extend it completely and thereby become blamed and insolvent.” (Quran 17:29)
Islamic investors understand the importance of letting go of excessive greed and avarice. They exercise moderation and contentment, avoiding exploitative practices and focusing on sustainable growth that benefits society at large. By prioritizing the greater good, they contribute to an environment of fairness and harmony in financial transactions.
Conclusion:
Islamic investors, guided by the principles of the Holy Quran, have valuable insights on letting go for the sake of financial harmony. By abstaining from interest-based transactions, unethical investments, excessive risk, dishonest practices, and greed, they contribute to a financial system that promotes fairness, justice, and the well-being of all stakeholders. Let us learn from their wisdom, striving for harmony and ethical prosperity in our financial endeavors, as inspired by the teachings of the Holy Quran.
ISLAMIC LAWS 