English, asked by kvivekanand, 4 months ago

What are the instructions that the prophet is giving to the people regarding righteous trade

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Answered by Helper2008
0

As it is stated in the hadith, Islamic economic system based trade on honesty and the understanding of serving the individual and the community.

Commercial activity, which means transferring goods from the producer to the consumer, which necessitates both capital and labor and which can end in profit or loss, was rendered halal and even encouraged since it increased the benefits of goods. If it is take into consideration that the Prophet (pbuh) said, “Nine-tenths of profit come from trade” (Munawi, Faydul-Qadir, 3/220), the degree of this encouragement is understood better.

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