Friday 4 November 2016

FINANCIAL RIGHTS IN ISLAM - PART 2

Continued from previous post...

In this verse (quoted in the previous post) the second injunction is about fulfilling of covenants. There  are two types of covenants. The first covenant is that between Allah and His creations the crux of which is following the commands of Allah Ta'alah and the seeking of His pleasure. The second is the one between human beings themselves. This includes all treaties, pacts, agreements, pledges and contracts.

The fulfilment of the first covenant is obligatory on human beings. As for the second type of covenants it is also obligatory to fulfil them, provided they are not against Islamic Law. As for those that are against Islamic law, it is obligatory to terminate them, after having first served a notice on the other party. The core of a contract is agreement between two parties that they would do something, or not do something. If a person unilaterally promises someone else that they will give them something, or do something for them, then it becomes obligatory upon them to fulfil that promise too. Breaking a promise without any genuine reason is a sin. In hadith it has been called a hypocrisy in acts.

Abstract from Ma'ariful Quran, Interpretation of Surah Bani Isra'il, by Mufti Muhammad Shafi RE

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