Moral Directives for Income Sources

Sources of Income Permissible In Islam

As per Islamic teachings, other than the explicitly identified impermissible sources of income, every other source of income is permissible in which the benefits are enjoyed by all the concerning parties on just basis.

Allah in Holy Quran says:

“Do not devour one another’s property wrongfully, nor throw it before the judges in order to devour a portion of other’s property sinfully and knowingly.” (Al-Baqarah: 188)

“Do not devour another’s property wrongfully – unless it be by trade based on mutual consent.” (Al-Nisa: 29)

Sources of Income Prohibited In Islam

a)     Bribery (Al-Baqarah: 188).

b)    Usurping others’ property (Al-Baqarah: 188).

c)     Fraud (Al-Imran: 161).

d)    Stealing and robbery (Al-Maida: 38).

e)     Income from sources of vulgarity (Al-Noor: 19).

f)     Gambling (Al-Maida: 90).

g)    Wine and its business (Al-Maida: 90).

h)     Interest (Al-Baqarah: 275).

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2 Responses to Moral Directives for Income Sources

  1. Robert Hannah says:

    Regarding (h) interest – the proper term is riba, the meaning of which is subject to debate. “Modernists” such as Fazlur Rahman (scholar and former head of the Center for Islamic Research, Pakistan, and professor at the University of Chicago) and Muhammad Akram Khan (former state auditor, Pakistan) argue convincingly that riba is about excessive interest or increase, and that, realistically, it is not the same as interest in modern financial markets. These people seem to be conveniently ignored by conservative scholars.

    Like

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