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Physical Delights, Authority, Mudarabah

Issue 472 » April 11, 2008 - Rabi-al-Thani 5, 1429

Living The Quran

Al-Tawbah (Repentance)
Chapter 9: Verse 72

Physical Delights
God has promised believing men and believing women gardens through which rivers flow, in which they shall abide forever, and wonderful mansions in the gardens of Eden, as well as greater pleasure and blessings from God. That is the most supreme triumph.

The needs of the body are limited and easy to satisfy provided people can avoid extravagance and self-indulgence. Various talents and endeavours are rewarded in various forms and in different degrees. Some people appreciate what they receive more than they appreciate the giver. From our own experience, we know that the recognition and honour (such as the Nobel Prize, for instance), bestowed upon scientists and achievers mean very little to some unless complemented by substantial financial rewards. However, others direct their gratitude to the giver regardless of the value of what he gives them.

True believers adore God for His own sake and accept whatever He ordains for them, whether good or bad. However, as humans and believers, we need to experience the pleasure of reward, and ought not, therefore, to be so insincere as to claim that we are not seeking the material pleasures of Paradise but only to be with God and to enjoy the glory of His company!

Believers will indeed have the honour and the privilege of seeing God Almighty in person, but they will also enjoy the physical delights of being in Paradise, and there is no contradiction between the two.

Source:
"Thematic Commentary on the Quran" - Muhammad Al-Ghazali, pp. 614, 615

Understanding The Prophet's Life

Sanction for Authority in Islam

The Prophet, on him be peace, ordered his Community to appoint authorities over them, and commanded these authorities to fulfil their trusts and when judging between people to judge fairly. He ordered them to obey those in authority in obedience to God, Exalted is He.

In the Sunan of Abu Dawud we have it on the authority of Abu Said that the Messenger of God said: "When three men go on a journey let them put one of their number in command." In the Musnad of Imam Ahmed we learn on the authority of Abdullah ibn Umar that the Prophet said: "It is not permissible for three men to be in a desert place without putting one of their number in command."

Now since the Prophet demanded of the smallest groups and most limited societies that one person be put in charge, we must admit the same obligation where greater numbers are involved.

Source:
"Public Duties in Islam" - Ibn Taymiya, p. 22

Blindspot!

Mudârabah

A common profit-sharing commercial venture in Islamic Law is known as mudârabah. This is where one party finances the venture and the other engages in the activities of the business. In other words, one party gives money to the other party to do business with it. They agree to share the business profits according to a pre-agreed percentage.

The scholars make it clear that it is absolutely essential for the two parties to agree to divide the profits between them according to a fixed pre-agreed percentage, like 50-50, 60-40, or 70-30.

It is not permissible to guarantee a minimum return on investment, since the profitability of the venture is not guaranteed. It is likewise impermissible to specify a specific sum of money from the profits – like $1000 dollars – as a return for the investor, since this leads to an uncertain percentage share of the profits for both parties.

If the parties have agreed upon a percentage share of the profits, there is no harm if the trading partner provides a fixed monthly sum to the financing partner on the basis of expected profits, if that is convenient. However, at the end of the venture – or for a continuous venture, after a fixed period of time, like six months or a year – any shortfall or excess needs to be paid out. This is to ensure that the financing party receives the agreed-upon percentage share, no more and no less.

Source:
IslamToday.com - Fatwa by Ahmad al-Rashid