Answered by Mawlana Ilyas Patel
If someone is considering starting a business, which section of Fiqh should they know beforehand? And is there any recommended reading on business and trading ethics in Islam you recommend?
In the Name of Allah, the Most Merciful and Compassionate.
I pray you are in good faith and health.
One should study the Fiqh of Sales and how to prevent oneself from falling into doubtful and impermissible transactions.
It is an obligation upon every male and female, after learning the Deen and about guidance, to seek the knowledge of wudu, bathing, prayers, fasting, Zakat if one has wealth equal to the threshold or more, pilgrimage upon whom it becomes compulsory, sales and business, so one can prevent from falling into doubtful and impermissible in all the transactions. [Ibn ’Abidin, Radd al-Muhtar]
I recommend you join one of our free courses, Money Matters, on SeekersGuidance, and then seek other related courses.
Islam’s Vision of Business Ethics with Shaykh Abdal Hakim Murad
Serving Allah or Serving to Get Wealthy?
Halal and Ethical Trade Practices
Can I Purify Impermissible Income and Investments?
Why not begin your search for knowledge by signing up for a course on SeekersGuidance?
I pray this helps with your question.
[Mawlana] Ilyas Patel
Checked and Approved by Shaykh Faraz Rabbani
Mawlana Ilyas Patel is a traditionally-trained scholar who has studied in the UK, India, Pakistan, Syria, Jordan, and Turkey. He started his early education in the UK. He went on to complete the hifz of the Quran in India, then enrolled in an Islamic seminary in the UK, where he studied the secular and ‘Aalimiyya sciences. He then traveled to Karachi, Pakistan. He has been an Imam in Rep of Ireland for several years. He has taught hifz of the Quran, Tajwid, Fiqh, and many other Islamic sciences to children and adults onsite and online extensively in the UK and Ireland. He taught at a local Islamic seminary for 12 years in the UK, where he was a librarian and a teacher of Islamic sciences. He currently resides in the UK with his wife. His interest is a love of books and gardening.