In his “Ahkam Al-Qur`an”, the scholar Ibn Al-Arabi (1148 AD) quotes the verse above and notes that it is one of the great verses that contain decisions to clarify Haram and Halal and constitutes a basis for many questions of sale (Buyu`). He adds: “The reality of debt is that it encompasses everything, where one of the two objects exchanged is immediate and the other is an obligation, as the Arabs called `Ayn` what exists, while the other is `Dayn` and is absent.” It is shameful that many textbooks in English do not offer the same degree of detail. This would be the most informative for students and practitioners in the sector. There is a manual that I found from the Marifa Academy called “Islamic Banking & Finance: Principles And Practices”, faithful to this subject and which uses verses in its statement, and which is a complete manual of 244 pages. So many books and articles, both modern and past, contain references to the verses of the Qur`an to give legitimacy to the treaties used today in Islamic finance. And these verses are all part of wonderful and wise stories of the Holy Qur`an. The above two verses refer to a story of the prophet Musa. The first, verse 26 of Surat Al-Qasas, talks about how Musa helps two women give water to their sheep against a group of men in the land of Midian. One of the women then asks her old father to hire Musa, as it was better to hire “the strong and trustworthy (Ajeer)”, which means that a person has been hired.
What is a contract? It is a legally binding agreement between two or more parties. Therefore, all parties should meet its conditions. Allah has commanded us to abide by the terms of the treaties we conclude: some seem uncomfortable quoting verses from the Qur`an with regard to proof of the admissibility of these treaties, while others have the false impression that this is an attempt at a new interpretation. This is obviously not true, and the connection between certain verses and contracts is known and available in many books, both modern and classical, as well as books by Tafsir (interpretation). In fact, you can barely miss; You are confronted with it by reading just a few books of Fiqh, classic and modern. For example, it is not allowed to sign contracts or sales contracts related to prohibited products such as narcotics, alcohol, pork or illegitimate obligations and activities such as usury, gambling, lotteries, gambling and anything that promotes nudity, immorality and indecency. In the name of fashion, culture, progress and progress, Shaytan encourages people to practice cheap, vulgar, indecent and morally false practices. He delighted him to think that Allah Ghafur is your raheem, but makes him forget that Allah is also shaded ul-“Iqab. As Muslims, we must be careful when it comes to Satan`s tricks and tricks. . .