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Author: Dr. Zaharuddin Abd Rahman

This author has written 12 articles
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Emergency Status (Dharurah) and Islamic Banks

  • Post author:Dr. Zaharuddin Abd Rahman
  • Post published:04/10/2017
  • Post category:Articles Regarding Islamic Finance
  • Post comments:0 Comments

"If a person was lost for days in the thick forest without eating and may die, could he consume a pig due to desperation (dharurat)?" I asked the participants in…

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Corruption and Bribery Will Destroy Our Nation

  • Post author:Dr. Zaharuddin Abd Rahman
  • Post published:04/10/2017
  • Post category:Articles Regarding Islamic Finance
  • Post comments:0 Comments

Bribe is wealth earned by accomplishing a task for a party that should have been done without any compensation (whether to bring benefit to the party or to avoid harm).…

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Dharurat (necessity) When An Islamic Bank Rejects Your Application?

  • Post author:Dr. Zaharuddin Abd Rahman
  • Post published:04/10/2017
  • Post category:Articles Regarding Islamic Finance
  • Post comments:0 Comments

"Ustaz, I have tried to seek financing from Islamic banks but they rejected it. Would it be sinful to get a riba-based financing from a conventional bank and would it…

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Ramadhan & Purification Of Wealth (By UZAR)

  • Post author:Dr. Zaharuddin Abd Rahman
  • Post published:04/10/2017
  • Post category:Articles Regarding Islamic Finance
  • Post comments:0 Comments

All Muslims are duty-bound to fast during the whole month of Ramadhan based on the evidence from the Qur'an in Surah al-Baqarah, verses 183 and 185. We must have faith…

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Returns On Islamic Account Competitive?

  • Post author:Dr. Zaharuddin Abd Rahman
  • Post published:04/10/2017
  • Post category:Articles Regarding Islamic Finance
  • Post comments:0 Comments

One must bear in mind that the prohibition of interest in Islam does not mean that savings will not be rewarded. It also does not mean that the cost of…

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Differences Between Islamic Banks & Conventional

  • Post author:Dr. Zaharuddin Abd Rahman
  • Post published:04/10/2017
  • Post category:Articles Regarding Islamic Finance
  • Post comments:0 Comments

One must refrain from making a direct comparison between Islamic banking and conventional banking (apple to apple comparison). This is because they are extremely different in many ways. The key…

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Gharar & Gambling In Daily Transactions

  • Post author:Dr. Zaharuddin Abd Rahman
  • Post published:04/10/2017
  • Post category:Articles Regarding Islamic Finance
  • Post comments:0 Comments

Allah s.w.t. prohibits Muslims from consuming property without due rights (bathil). The Prophet s.a.w. also elaborates the meaning of ‘bathil' with the prohibition of gharar. According to scholars, gharar is one of the branches…

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Islamic Banking Financing Rate not competitive ?

  • Post author:Dr. Zaharuddin Abd Rahman
  • Post published:04/10/2017
  • Post category:Articles Regarding Islamic Finance
  • Post comments:0 Comments

One critical aspect in particular highlighted : • The high profit rate charged by Islamic Bank for their financing product as compared to the interest rate charged by Conventional Bank.…

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Answers To Whom Condemned Islamic Banks Practices

  • Post author:Dr. Zaharuddin Abd Rahman
  • Post published:04/10/2017
  • Post category:Articles Regarding Islamic Finance
  • Post comments:0 Comments

Even if the moral law has been strictly observed in every step of the process of acquiring wealth, our wealth still needs justification on another level and this is where…

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Ruling on Debt Trading in Shariah

  • Post author:Dr. Zaharuddin Abd Rahman
  • Post published:04/10/2017
  • Post category:Articles Regarding Islamic Finance
  • Post comments:0 Comments

"Dayn" means "debt" and "Bai' " means sale. "Bai'-al-dain", therefore, connotes the sale of debt. According to Majalah al-ahkam al-adliyah, no 158 ; Dayn defines as the thing due i.e…

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