40 Hadiths Relating to Islamic Finance

The Sunnah still provides the stable moral framework – the grammar – that enables Muslims, by formal rules and inward sense, to know right from wrong. However, separation from the mainstream of life puts the Sunnah in danger of becoming rigid – an archaism. Addressing that danger, this book explains how the Sunnah can function as the grammar of a living, adaptive language, capable of guiding (and not shying from) the mainstream.

The first chapter sets out the qualities that characterize authentic application of the Sunnah: universality, coherence (so that different spheres of human responsibility are not split), compassionate realism, moderation, and humility. The second explains standards and procedures for determining the Sunnah in the fields of jurisprudence and moral instruction. The third chapter illustrates through detailed examples common errors in understanding the Sunnah – reading hadiths singly without sufficient context, confusing legal and moral injunctions, means and ends, figurative and literal meanings…–and it proposes remedies for these errors.

YUSUF AL-QARADAWI is one of the Islamic world’s most widely respected and prolific scholars. His works have remained popular over many decades. Among the best known of his books to appear in English is The Lawful and the Prohibited in Islam (first edition 1994).

Dr. Bilal Philips writes: “The Prophet’s sayings and actions were primarily based on revelation from Allah and, as such, must be considered a fundamental source of guidance second only to the Qur’an.” According to Dr. Philips, the Hadith, the record of these sayings and actions, plays a vital role in that it transmits revelation, tafseer (exegesis of the Qur’an), Islamic law, and the Islamic moral ideal. For instance, the Prophet’s “…character and social interactions became prime examples of moral conduct for Muslims. Consequently, the daily life of the Prophet (blessings and peace of Allah be upon him) as recorded in the hadith represents an ideal code of conduct. It is largely due to the science of hadith that the final message of Islam has been preserved in its original purity for all times.” In Usool al-Hadeeth, the reader will embark on a course of study that will, Allah willing, enable him or her to make critical and intelligent use of the body of Hadith literature in his or her daily life.