Islam prohibits usury and hoarding

Islam And Today’s World

Islam means to achieve peace – peace with God, peace within oneself, and peace with the creations of God – through wholly submitting oneself to God and accepting His guidance. Islam, the fastest-growing religion in the world, has a long and rich history, and it influences economic, political, social, and cultural arrangements across the world. Islam and the Islamic world have played and continue to play a major role in world history. Allah says:

وَعِبَادُ الرَّحْمَٰنِ الَّذِينَ يَمْشُونَ عَلَى الْأَرْضِ هَوْنًا وَإِذَا خَاطَبَهُمُ الْجَاهِلُونَ قَالُوا سَلَامًا

“The servants of the Most Merciful are those who walk upon the earth in humility, and when the ignorant address them, they say words of peace.” (Surat al-Furqan 25:63)

Muslims believe that God has no partners or associates who share in His divinity or authority and that God is transcendent, unlike His creations, and thus has no physical form. The 1.2 billion Muslims live in some 56 Muslim countries, where they make up a majority of the population. Islam makes it necessary for modern man to seek his salvation through this ideology. Allah says:

ثُمَّ جَعَلْنَاكَ عَلَىٰ شَرِيعَةٍ مِّنَ الْأَمْرِ فَاتَّبِعْهَا وَلَا تَتَّبِعْ أَهْوَاءَ الَّذِينَ لَا يَعْلَمُونَ

“Thus, We have ordained a law (shari’ah) upon you in the matter, so follow it and do not follow the whims of those who know not.” (Surat al-Jathiyah 45:18)

West’s limited knowledge of Islam and the Islamic world, ignorance and stereotypes of Islam and Muslims were compounded by the astonishing lack of coverage of Islam in schools and universities, the media, publications, and political analysis. We need to know more about the faith, history, politics, and culture of Islam and Muslims. Now, more than ever, it is important to understand the faith of Islam, its enormous contributions to world history and civilizations, the issues that affect the development of Muslim society, and the factors that shape and determine international politics and relations.

Islam is not a mere ideological vision. It is a practical system of life:

  1. Islam balances between the requirements of body and soul
  2. Islam appreciates all the genuine needs of humankind
  3. Islam is a practical system of life that fully appreciates
  4. Islam effects perfect balance between all areas of life
  5. Islam harmonizes the individuals and the State 
  6. Islam holds all diverse elements put together
  7. Islam maintain this harmony in human life
  8. Islam effects perfect balance between all
  9. Islam proceeds to achieve equilibrium
  10. Islam has the best code of life
  11. Islam prohibits usury and hoarding
  12. Islam freed humanity from all racial prejudices
  13. Islam control the socio-economic relationships
  14. Islam starts with the individual maintaining a balance
  15. Islam alone can effectively check the evils of Capitalism
  16. Islam gives the community adequate powers to regulate
  17. Islam strikes a balance between Capitalism and Socialism
  18. Islam strikes a balance between different sectors of society
  19. Islam has an altogether independent existence of social life
  20. Islam has equality between all people, black, white and yellow

Muslims world recommends broadening the education of science-focused students to include humanities, social sciences, languages, and communication. At the same time, it calls for the adoption of internationally tried and true teaching methods, particularly “inquiry-based” and “active-learning” approaches. Of course, such a shift would require professors to receive training in these methods.

Why the Islamic world needs a new ‘golden age?

  • Muslim world starts with the individual maintaining a balance
  • The Muslim world does not promote science and research
  • Muslim world improve himself effectively and efficiently
  • Muslim world affects the perfect balance between
  • Muslim world ordained the system of life
  • Muslim world allay all areas of life and activity
  • The Muslim world is well below the global average
  • Muslim world conduct science and publish more papers
  • The Muslim world should take interest in High Technology 
  • Muslim world build students’ capacity for creative thinking

The Muslim world’s past contributions to science and education were extraordinary. The Islamic “golden age” – during which scholarship and learning flourished across the Muslim world – lasted many centuries, and included the establishment of the world’s first universities. Today, however, Muslim-majority countries lag well behind the rest of the world in terms of education and research. This must change if the region is to provide modern jobs and better lives to its booming population and keep up with global development.

Islam and its Challenges in the Modern World:

  • Islam today is facing challenges from the wider world
  • Islam has to come to grips with its changing centres
  • Islam remains the economic centre of the ummah
  • Islam throughout the world must be confronted
  • Development investment in Muslim countries is slow
  • Economic frustration and unequal opportunities are fertile
  • Equally important is the failure of most Muslim governments
  • Muslims are not critical enough of Western world perceptions
  • Muslims experience living standards enviable by any standard
  • Western media are more interested in the violent and emotional
  • Muslim happy to send their money into the non-Muslim economies

Muslim world took into account not just budgets and research, but also issues like the status of women in science studies and careers. Moreover, we conducted a thorough review – the first of its kind – of how science is taught at universities in the Muslim world, including pedagogical methods, textbooks, the language of instruction, censorship of “controversial” topics (such as the theory of evolution), and the role of religion in science classes. Allah says:

وَقُلِ الْحَقُّ مِن رَّبِّكُمْ فَمَن شَاءَ فَلْيُؤْمِن وَمَن شَاءَ فَلْيَكْفُرْ

“The truth is from your Lord. So whoever will let him believe, and whoever will let him disbelieve.” (Surah Al-Kahf 18:29)

Islam strikes a balance between the two extremes of Capitalism and Socialism. Being appreciative of their role, Islam harmonizes the individuals and the State in such a way that individuals have the freedom necessary to develop their potentialities and not to encroach upon the rights of their fellowmen.  Allah says:

الْحَمْدُ لِلَّهِ الَّذِي خَلَقَ السَّمَاوَاتِ وَالْأَرْضَ وَجَعَلَ الظُّلُمَاتِ وَالنُّورَ ۖ ثُمَّ الَّذِينَ كَفَرُوا بِرَبِّهِمْ يَعْدِلُونَ

“All praise is due to Allah, who created the heavens and the earth and made darkness and light. Yet those who disbelieve claim equals (ya’dilun) with their Lord.” (Surat al-An’am 6:1)

Islam presented its scheme of social reform much before any of the social movements of our times. It guaranteed the basic needs of man – food, housing and sexual satisfaction – more than 1400 years ago. t was revealed to the world as the ordained system of life, at a time when men attached no particular importance to economic factors, nor did they know anything about social justice in the sense we know it in modern times.

Islam is a religion of peace, Allah states the following in verses:

  • “Truly Allah loves the Muttaqin.“(Quran, 3:76)
  • “Truly the religion with Allah is Islam.” (Quran: 3:19)
  • “Guidance for those conscious of Allah.” (Quran, 2:2)
  • “Then We will save the ones who had taqwa.“ (Quran, 19:72)
  • “It describes reconciliation as the best policy.” (Quran: 4:128)
  • “Have taqwa of Allah so that you might succeed.” (Quran, 3:200)
  • “And whoever fears Allah, He will make for his ease in his matter.” (Quran, 65:4)
  • “O mankind! Verily, I am sent to you all as the Messenger of Allah.” (Quran: 7:158)

The world in the twentieth century has yet a great deal to learn from Islam. Long ago, Islam freed humanity from all racial prejudices. It did not content itself with the presentation of a beautiful vision of equality alone, but it achieved in practice an unprecedented state of equality between all people, black, white or yellow, declaring that none enjoyed any superiority over the others except in virtue and piety. Allah says:

فَاسْتَجَابَ لَهُمْ رَبُّهُمْ أَنِّي لَا أُضِيعُ عَمَلَ عَامِلٍ مِّنكُم مِّن ذَكَرٍ أَوْ أُنثَىٰ ۖ بَعْضُكُم مِّن بَعْضٍ

“Their Lord responded to them: Never will I cause to be lost the deeds of any among you, whether male or female; you are of one another.” (Surat Al Imran 3:195)

Islam alone can help humankind shake off these chains. It is opposed to imperialism and all forms of exploitation. Islam was revealed to the world as the ordained system of life, at a time when men attached no particular importance to economic factors, nor did they know anything about social justice in the sense we know it in modern times. Islam is not a mere ideological vision. It is a practical system of life that fully appreciates all the genuine needs of humankind and tries to realize them. Allah says:

الَّذِينَ آمَنُوا بِآيَاتِنَا وَكَانُوا مُسْلِمِينَ

“(Being) those who have believed in Our Signs and bowed (their wills to Ours) in Islam.” (Surah Az-Zukhruf 43:69)

The development of new electronic media has made global pathways even more feasible for the Islamic lifeworld, opening the realization to many adherents that Islam can maintain its spiritual centre and still extend its geographic reach. One solution to this dilemma is for Muslims to further the processes of enclave building. The dynamics of enclave formation leads to a discourse of constraint and empowerment. Allah says:

وَلَا تَسُبُّوا الَّذِينَ يَدْعُونَ مِن دُونِ اللَّهِ فَيَسُبُّوا اللَّهَ عَدْوًا بِغَيْرِ عِلْمٍ

“Do not curse those they invoke besides Allah, lest they insult Allah in hostility without knowledge.” (Surah Al-An’am 6:108)

Muslims believe that true faith inspires a deep reverence for life, love for the living, care for the environment, and an unwavering commitment to social justice. We believe that all creation is part of Allah’s family while the best of people are those best to Allah’s universal family. We are on a mission to empower, nurture, protect and promote values that affirm human dignity, human rights and the integrity of creation while making the world healthier, peaceful, and more beautiful. Allah says:

وَقَالَت طَّائِفَةٌ مِّنْ أَهْلِ الْكِتَابِ آمِنُوا بِالَّذِي أُنزِلَ عَلَى الَّذِينَ آمَنُوا وَجْهَ النَّهَارِ وَاكْفُرُوا آخِرَهُ لَعَلَّهُمْ يَرْجِعُونَ

“A faction of the People of the Book say to each other: Belief in that which was revealed to the believers at the beginning of the day and reject it at its end that perhaps they will abandon their religion.” (Surah Al Imran 3:72)

The era of Islam has in a way just started, not ended; it is not a spent force, but a living dynamic force, its future is as bright as its great historical past is glorious, when it illumined the face of the earth at a time when Europe was still groping its way in the dark recesses of Medievalism.