Opening up the sukuk market Despite the challenges faced by the sukuk market, there have been a number of significant developments in recent months, including regulatory changes in the US and the inclusion of sukuk in a number of key indices.
Muslims have the obligation to defend their faith. Islam is a social-political religion as well as a theological and spiritual religion. One cannot separate the Islamic social and political beliefs and commands from the purely theological and spiritual aspects of the religion.
There are many extremely important commands to perform social activities in Islam. Allamah Tabatabai, for instance, states that the importance given to the society in Islam is what separates it from other religions.
Other religions concentrate mostly on the individual — on individual spirituality and beliefs — while Islam concentrates on the society. Ayatollah Misbah Yazdi mentions that the social responsibilities that Muslims have are greater and more important than the individual responsibilities.
For instance, he says: Its effect on the society and on the individual is greater. Ayatollah Misbah Yazdi also remarks: People give all of the importance in the world to prayer, but do they even think about what is happening in the Islamic world?
Right now, the Islamic world sees itself in the middle of a war between Zionist Israel and Gaza. Would it be more important to perform a recommended prayer now or to think about what can be done to solve this tragic situation that is unfolding?
One of the most important social obligations that Muslims have is enjoining the good and forbidding the evil.
It is narrated from Imam Baqir peace be upon him in Wasail al-Shia: This means that if one does not perform these social responsibilities, all of his other obligations will be without foundation — similar to the spider-web analogy.
Acts of worship without this foundation are bound to fall as well. The Imam famously stated: I want to enjoin the good and forbid the evil. When one sees another Muslim shirking a responsibility or performing a forbidden action, he has the obligation to correct him or her, according to the conditions mentioned in the books of jurisprudence.
This act in itself improves the society, because people who want to commit a sin lose their audacity to commit it openly. There are other social obligations that must be performed. Right now we see that there is much negative propaganda being mentioned all over the world about Islam.
Islam is being introduced as a religion of the sword, as a terrorist religion, as a religion of fanaticism. Muslims have the obligation to defend their faith now more than at any other time.
We must show the world what Islam really is. We can do this in a number of ways.
We can teach our youth the correct form of Islam so that they grow up and become model examples of what Islam teaches. We can openly, as Muslims, perform actions that are smiled upon in the society as well as in Islam to show people that Muslims are good people. For instance, we can give food to the homeless, we can help out in orphanages, we can defend the weak segments of society, we can stand up against racism, we can stand up against tyranny, we can educate the impoverished children, and so forth.
I pray that Muslims, especially in the West, start thinking more on a social level than on an individual level. I pray that Imam Zamana may Allah hasten his reappearance helps us and guides us in this regard.O believers, take not doubled and redoubled riba, and fear God so that you may prosper.
Fear the fire which has been prepared for those who reject faith, and . AL-ADWA Islamic Perspective of Corporate 78 Evolution of Corporate Social Responsibility: The concept of corporate social responsibility has a vast history and basic idea along with practice on CSR can be found from centuries ago in the.
Information and Details for Eastspring Investments Islamic Income Fund. Download prospectus of Eastspring Investments Islamic Income Fund here. The purpose of this paper is to explore the corporate social responsibility (CSR) practices of an Islamic bank, which is Bank Islam Malaysia Berhad (BIMB).
This research used face-to-face. In light of Islamic guidance, the issue of compliance to an ethical code and a weakening sense of corporate social responsibility need to be viewed in a broader context, and a more holistic approach needs to be formulated.
CIMB-Principal Islamic is the Investment Manager and coordinator of Funds distribution for CIMB-Principal Islamic Asset Management (Ireland) PLC, and is .