We have a Khalifa who managed a huge empire, conducted huge military campaigns, he held fast to the strict Sunnah of SAW and therefore met with amazing success. His conquests on behalf of Islam were unparalleled.
The mudharabah represents investment accounts which are based on unrestricted contract. These accounts are term deposits that cannot be withdrawn prior to maturity without a penalty.
Usury is condemned and prohibited in the strongest possible terms. There can be no question about the prohibition. However, when we come to the definition of Usury there is room for difference of opinion.
Do not the unbelievers see that the heavens and the earth were a closed-up mass (ratqan), then We clove them asunder (fataqna)? And We made from water every living thing. Will they not then believe?
In terms of Astrophysics , the Big Bang Theory is currently the dominant scientific explanation for the origin of the universe. It was first proposed in 1927 by a Belgian priest named George Lemaître.
The Muslim scientific revolution, which produced the renaissance that put Muslims at the top of the civilized world for 8 centuries, was also result of contemplating the clues in the Qur’an about the physical world.
Although it is true Muslim rulers and generals conquered territories but often the conquered inhabitants were allowed to retain their religion or belief.
How could Prophet Muhammad (SAW) have guessed 1400 years ago that the backbone or the “spine” as we call it today play a very essential role in the creation of humans?