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Spanish Rice Paella - Photo by Young Shih on Unsplash

Cooking Rice, Not Engineering It: Al-Shatibi’s Guidance on relevance in Usul al-Fiqh Studies

Consider the process of teaching someone to cook rice. You wouldn’t initially throw them into a deep discussion about the variations among Fahrenheit, Celsius, and Kelvin, right? That would be like tossing them into a whirlpool of confusion. Instead, the initial focus should be on the essentials: how to proportion the rice and water, when to adjust the heat to a simmer, and the signs of perfectly cooked rice. The intricate understanding of temperature scales is a knowledge layer that can be added later once the basic practicalities are mastered.

Along these lines, Abu Ishaq al-Shatibi, in the fourth introduction of Al-Muwafaqat, stated:

Photo by Abdulmeilk Aldawsari: https://www.pexels.com/photo/monochrome-photo-of-opened-quran-36704/

Is it Forbidden to Pay Riba? Or is it only forbidden to charge it?

Recently someone presented to me the opinion or the assumption that it’s not forbidden to pay interest, it’s only forbidden to take interest claiming that there’s nothing in the Quran. That would indicate that it’s forbidden to pay interest. I wanted to take a moment and address this issue because I think it’s something that all of you should be concerned about.

Debt vs. Partnership vs. Revenue Sharing: Which One is Best for My Business?

The mantra of Islamic Finance has been “Islamic Finance prefers partnership over debt.” Hammering this idea into the minds of the masses has resulted in many people using less than optimal structures for their business needs. At times its better to finance through debt, at times through partnership, and at times through revenue sharing. In this short article, I discuss a few of the pros and cons of each and when to use them.

Do Less; Earn More – A Non-Profit Example

Working with a non-profit client this morning, we reviewed their giving policy and services. Because previously the org tried to do *everything* for everyone, they essentially limited the funding they could secure. Why? Because it was that much harder to define exactly what they do and who they serve. Mission creep is a huge issue in non-profits. The assumption is that by doing less you somehow are less. That can’t be further from the truth. Do less, be more, and earn more. It’s all possible.