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Food Supply to Muslim Countries

Food Supply To Muslim Countries On Fair Market Prices

Grains, particularly wheat is one of the most important necessity for human beings. When gold and silver coins or currency did not exist in ancient times, people used to trade these though barter. Therefore, when Prophet (peace be upon him) prohibited loan/credit in silver and gold and their exchange of homogeneous with excess or premium and it was considered as Riba being used as currency their quality was irrelevant because of their intrinsic value at that time, similar to the gold and silver the Holy prophet SAW prohibited exchange on in equal quantity of some other commodities like weat /grain, barley, dates, salt, as they were used as medium of exchange in the ancient era of barter and were considered as gold and silver and the qualities also were considered irrelevant while exchange homogeneously in excess was also considered as RIBA. Because they could serve as a medium of exchange, such as gold, silver.
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Introduction of Islamic Economics

Introduction of Islamic Economics

[vc_row][vc_column][vc_column_text]One of the forms of capitalism, that has been flourishing in non-Islamic societies in the world is the interest-based investment. There are normally two participants in such transactions. One is the investor who provides capital as on loan against interest and the other is the manager who runs the business. The investor has no concern […]
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Hadrat Maulana Muhammad Taqi Usmani Chairman-CIE

When CIE was established on Safar 22, 1413 (August 22, 1992) it had envisioned a mission to train and prepare a team of Shariah Scholars and the Bankers willing to take up the uphill task of transforming the present interest based banking system into an interest free Islamic financial system. Alhamdulillah, CIE is striding towards […]
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MUFTI MUHAMMAD TAQI USMANI

Hadrat Maulana Muhammad Taqi Usmani Chairman-CIE

<p>Consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua quis nostrud exercitation.</p> <p>Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip consquat uis aute irure dolor ullamco laboris nisi in reprehenderit. Consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua quis nostrud exercitsdsectetur adipisicing elit, sed do eiusmod tempor incididunt.</p>
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