Is It Permissible to Study Finance?

Answered by Shaykh Faraz Rabbani

Question: Assalamu alaykum

Is it permissible to study finance?

Answer:  Wa’leykum Salam,

Here is a video answer by Shaykh Faraz Rabbani to this question:

Shaykh Faraz Rabbani is a scholar and researcher of Islamic law and Executive Director of SeekersHub Global After ten years overseas, Shaykh Faraz returned to Canada in the Summer of 2007. In May 2008 he founded SeekersHub Global to deal with the urgent need to spread Islamic knowledge—both online and on the ground—in a reliable, relevant, inspiring, and accessible manner. He has been repeatedly listed as one of the world’s 500 most influential Muslims (The Muslim500).

RizqWise: Episode 1 – The Problem with Letting Money Run your Life

“An excellent, insightful podcast worth listening to if you want to manage your money in a purposeful, benefit-driven manner guided by Islamic values.”

– Shaykh Faraz Rabbani

The Problem With Letting Money Run Your LifeDo you run your money?
Or does your money run you?
Most people have a dysfunctional relationship with money. They try not to think about it because — let’s face it — it’s usually an uncomfortable topic. And they really only pay attention when there’s a major crisis (or purchase).
To make matters worse, there aren’t many places where Muslims can turn for help. There’s a lot of resources in the “mainstream” personal finance space. But the problem is, as a Muslim, there’s always a disconnect between what the experts say and what you believe.
Here’s the good news: there is a way to bring your financial life in line with your values as a Muslim. It begins by redefining your relationship with money and telling it who’s boss.
In this first episode of Rizqwise, you’ll discover:

  • Why we decided to build a personal finance resource just for Muslims
  • What role religion should play in defining your relationship with money
  • Why most people underestimate the role money plays in their lives
  • The problem with limiting the discussion to “avoiding interest”
  • Why most people go through life on auto-pilot and live to regret it
  • How to apply Prophetic advice that we’ve all heard to your finances

Click here to listen to the Podcast

Video: “Fair Trade Commerce for a Better World” by Shaykh Hamza Yusuf – RIS Canada 2011

Video: “Fair Trade Commerce for a Better World” by Shaykh Hamza Yusuf – RIS Canada 2011
Sharing Success: Fair Trade Commerce for a Better World
by Shaykh Hamza Yusuf
December 25, 2011 :: Toronto :: Canada
Reviving the Islamic Spirit

Stand Steadfastly For Justice – Shaykh Faraz Rabbani – Friday Sermon at Occupy Toronto

Shaykh Faraz Rabbani, the Executive Director of SeekersHub and Educational Director of SeekersGuidance was invited to deliver the Friday Prayers Sermon on October 28, 2011 at St. James Park – the site of the Occupy Toronto movement.

The following is taken from the closing remarks of the sermon:

Seven Counsels in Closing:

1. Be steadfastly committed to justice and excellence in your own life: fulfill the rights of God and God’s creation, with sincerity, concern, and excellence of character.
2. Be particularly careful about the rights of your parents, spouse/partner, children–then family, friends, neighbours, and community–then those wronged (whoever/whatever).
3. Ignore mass media: focus on becoming an informed citizen–so that you can seek, spread, and safeguard justice and excellence–the beautiful balance.
4. Money matters: look carefully at how you spend your money… make ethical, informed choices–promoting justice and excellence…
5. Time matters: don’t become a mere consumer… consuming products and entertainment and infotainment. “Two blessings many lose out on: health and free time.” – Spend your time in seeking justice and excellence… family, friends, neighborhood, society….
6. Your life matters: don’t just be a slave in the corporate jungle… seek to make your work a promotion of justice & excellence; work of benefit and meaning. Work with purpose. Relate with purpose. From our tradition: working on one’s own terms…
7. Do this for God; do this seeking Mercy; do this out of sincere concern….

What do we seek? Balance of Justice (`adl) and Excellence (ihsan). That is what makes life beautiful.

And indeed God is Beautiful, and loves Beauty.