Connect with us

Uncategorized

Changing the Discourse on Islamic Personal Finance

There is no discourse in our communities about Islamic personal finance. None.

When we discuss Islamic finance at conferences, classes, dinner parties, and gatherings with friends, it’s always the same. Which company did you use to buy your house? Is buying a car on 0% halal or not?

Support MuslimMatters for Just $2 a Month

MuslimMatters has been a free service to the community since 2007. All it takes is a small gift from a reader like you to keep us going, for just $2 / month.

The Prophet (SAW) has taught us the best of deeds are those that done consistently, even if they are small. Click here to support MuslimMatters with a monthly donation of $2 per month. Set it and collect blessings from Allah (swt) for the khayr you're supporting without thinking about it.

The problem with those discussions is that they ignore the stark reality of personal finance faced by many families and individuals. Before I get to the point of even buying a house, how much should I have saved? What percentage of my monthly income is reasonable for a house payment?

Before even that step, there should be consideration for things like how to make a budget for your household. How do you get out of debt?

As I’ve personally delved into reading about personal finance, I’ve come to realize this aspect of education is missing from our communities. We’re content to discuss terms like “musharakah” and “murabahah” and “ijaara” but we have yet to figure out a way to make higher education without student loans a reality for the majority of our ummah.

What is the point of a husband and wife buying a house through a halal mortgage, if they’re going to fight every month about how to spend the money they make?

While we educate ourselves on the fiqh of things such as a woman’s right to her own wealth, the responsibility of a husband to provide, and so on – we overlook the nuts and bolts that are required to run a household. How do a husband and wife figure out where their money is going? How do they resolve disagreements about what to spend money on? How do they prioritize their spending? How do they make sure they have a realistic plan to save for things like hajj?

How does an individual plan ahead for expenses such as buying a car, or dealing with home repairs without having to rely on a credit card as their emergency fund?

The reality is, while we are an educated ummah – both secularly and religiously – we tend to have a false sense of confidence when it comes to finances. Many households are struggling with debts – student loans, car payments, credit card payments, furniture purchases, computer purchases, and sometimes even a mattress payment of $10 a month stretched out over a few years.

It’s time we reassess our attitudes toward finance and gain control of our wealth. Changing the discourse on finance allows us to learn how to budget – which tells us both how we earn our money, and where we spend our money. We cannot account for this in the Hereafter if we have no idea where our money goes now.

Our community also needs to change the discourse when it comes to debt. We’ve let society make us think that debt is a tool, something we leverage. If the recession and collapse of the banking industry haven’t taught us that this is playing with fire, at the least we should heed the warnings in our own sacred texts about staying away from debt. Our communities need proper financial counseling and help to get individuals and families out of debt.

Please also check out a series from our archives on debt and money management: Intro | Part 1 | Part 2 | Part 3 | Part 4 | Part 5 | Part 6

As we work to change this discourse, we’d like to hear your stories.

Have you ever been in debt? How much debt?

What did it feel like to be in debt?

Have you been in debt and gotten out of it? How much debt did you have, and how did you pay it off?

Support Our Dawah for Just $2 a Month

MuslimMatters has been a free service to the community since 2007. All it takes is a small gift from a reader like you to keep us going, for just $2 / month.

The Prophet (SAW) has taught us the best of deeds are those that done consistently, even if they are small. Click here to support MuslimMatters with a monthly donation of $2 per month. Set it and collect blessings from Allah (swt) for the khayr you're supporting without thinking about it.

Omar Usman is a founding member of MuslimMatters and Qalam Institute. He teaches Islamic seminars across the US including Khateeb Workshop and Fiqh of Social Media. He has served in varying administrative capacities for multiple national and local Islamic organizations. You can follow his work at ibnabeeomar.com.

7 Comments

7 Comments

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    Gender Relations

    Loving Muslim Marriage Episode 10#: Do Angels Curse the Wife Who Refuses Sex?

    It is often heard that the Prophet said that if a man calls his wife to bed and she refuses him, that the angels will curse her until the morning. There are a lot of ways that people understand this, but what is the right way of understanding this Hadith?

    Join us with Shaykh Abdul Nasir Jandga to talk about this commonly mistranslated, misunderstood narration.

    Support Our Dawah for Just $2 a Month

    MuslimMatters has been a free service to the community since 2007. All it takes is a small gift from a reader like you to keep us going, for just $2 / month.

    The Prophet (SAW) has taught us the best of deeds are those that done consistently, even if they are small. Click here to support MuslimMatters with a monthly donation of $2 per month. Set it and collect blessings from Allah (swt) for the khayr you're supporting without thinking about it.

    Continue Reading

    Uncategorized

    Torment And Tears: The Emotional Experience of Tawbah

    Have you ever had that moment where, all of a sudden, you remember something that you said or did in the past, the severity of which you only realized later on?

    That sharp inhalation, shortness of breath, the flush of humiliation, the sick lurching in the pit of your stomach as you recall hurtful words, or an action that was so clearly displeasing to Allah… it is a very physical reaction, a recoiling from your own past deeds.

    It may not even be the first time you think about those actions, it may not even be the first time to make istighfaar because of them… but sometimes, it may be the first time that you really and truly feel absolutely sickened at the realization of the gravity of it all. It might not even have been a ‘big deal’ – perhaps it was a cruel joke to a sensitive friend, or not having fulfilled a promise that was important to someone, or betraying a secret that you didn’t think was all that serious.

    Support MuslimMatters for Just $2 a Month

    MuslimMatters has been a free service to the community since 2007. All it takes is a small gift from a reader like you to keep us going, for just $2 / month.

    The Prophet (SAW) has taught us the best of deeds are those that done consistently, even if they are small. Click here to support MuslimMatters with a monthly donation of $2 per month. Set it and collect blessings from Allah (swt) for the khayr you're supporting without thinking about it.

    And yet… and yet, at this moment, your memory of that action is stark and gut-wrenching.

    It is a deeply unpleasant feeling.

    It is also a very necessary one.

    The Act of Tawbah

    Tawbah – seeking forgiveness from Allah – is something that we speak about, especially in Ramadan, the month of forgiveness. However, it is also something that we tend to speak about in general terms, or write off as something simple – “Just say astaghfirAllah and don’t do it again.”

    In truth, tawbah is about much more than muttering istighfaar under your breath. It is a process, an emotional experience, one that engages your memory, your soul, and your entire body.

    The first step of tawbah is to recognize the sin – whether seemingly small or severe – and to understand just how wrong it was. Each and every one of our deeds is written in our book of deeds; each and every deed will be presented to us on the Day of Judgment for us to be held accountable for. There are times when we say things so casually that it doesn’t even register to us how we could be affecting the person we’ve spoken to.

    As RasulAllah ṣallallāhu 'alayhi wa sallam (peace and blessings of Allāh be upon him) once told A’ishah raḍyAllāhu 'anha (may Allāh be pleased with her),

    “You have said a word which would change the sea (i.e. poison or contaminate it) if it were mixed in it.” (Sunan Abi Dawud)

    The second step is to feel true remorse. It’s not enough to rationally acknowledge that action as being sinful; one must feel guilt, remorse, and grief over having committed it.

    Tawbah is to feel that sucker-punch of humiliation and guilt as we recall our sins: not just the mildly awkward ones, like a petty fib or mild infraction, but the genuinely terrible parts of ourselves… ugly lies, vicious jealousy, violations against others’ rights, abuse.

    Some of us may be actual criminals – others of us may seem presentable on the outside, even religious, maybe even spiritual… and yet have violated others in terrible ways. Abuse comes in so many forms, and some of us are perpetrators, not just victims.

    Facing that reality can be a gruesome process. 

    It is a necessary process. Token words, glib recitation of spiritual formulae, those do not constitute tawbah in its entirety. Rather, it is a matter of owning up to our violations, experiencing genuine emotion over them – true humiliation, true regret – and striving not to be that person ever again. 

    Much as we hate to admit it, we have our own fair share of red flags that we create and wave, even before we get into the nasty business of committing the worst of our sins. Tawbah isn’t just feeling bad for those Big Sins – it’s to recognize what led us to them to begin with.

    It requires us to acknowledge our own flaws of character, of the ease with which we fall into certain behaviours, the way we justify the pursuit of our desires, the blindness we have to the worst parts of ourselves. Tawbah is to sit down and face all of it – and then to beg Allah, over and over, not just to forgive us and erase those specific actions, but to change us for the better. 

    This experience is so much more powerful than a mere “I’m sorry,” or “omg, that was awful”; it is an act that embodies our submission to Allah because it requires us to make ourselves incredibly emotionally vulnerable, and in that moment, to experience a deep pain and acknowledge our wrongdoing. It is to hold your heart out to Allah and to beg Him, with every fiber of your being, with tears in your eyes, with a lump in your throat, wracked with regret, to please, please, please forgive you – because without it, without His Mercy and His Forgiveness and His Gentleness and His Love towards us, we have no hope and we will be utterly destroyed.

    Surah Araf Verse 23

    {Rabbanaa thalamnaa anfusanaa, wa illam taghfir lanaa wa tar’hamnaa, lanakunanna mina’l Khaasireen!}

    {Our Lord, we have wronged ourselves, and if You do not forgive us and have mercy upon us, we will surely be among the losers!} (Qur’an 7:23)

    This experience of tawbah is powerful, emotional, and heartbreaking. It is meant to be. It is a reminder to us of how truly dependent we are upon our Lord and our Creator, how nothing else in our lives can give us joy or a sense of peace if He is displeased with us. It is a reminder to us of how deeply we crave His Love, of how desperately we need it, of how His Pleasure is the ultimate goal of our existence.

    Finally, there is the step of resolving never to commit that sin again, to redress the wrongs if possible, and to follow up the bad deed with a good one.

    The vow is one we make to ourselves, asking Allah’s help to uphold it – because we are incapable of doing anything at all without His Permission; the righting of wrongs is what we do to correct our transgression against others’ rights over us, although there are times when we may well be unable to seek another individual’s forgiveness, whether because of distance, death, or otherwise; and the good deeds to undertake as penance are numerous, whether they be sadaqah or increased ‘ebaadah.

    But it doesn’t end there. And it never will.

    Tawbah is not a once-in-a-lifetime event. It is not even a once-a-year event, or once a month, or once a week. It is meant to be a daily experience, a repeated occurrence, in the earliest hours of the morning, in the depths of the last third of the night, during your lunch break or your daily commute or in the middle of a social gathering.

    Tawbah is a lifelong journey, for who amongst us doesn’t commit mistakes and errors every day?

    All we can do is beg of Allah not only for His Forgiveness, but also: {Allahumma ij’alnaa min at-tawwaabeen.} – O Allah, make us amongst those who are constantly engaging in repentance!

    Support Our Dawah for Just $2 a Month

    MuslimMatters has been a free service to the community since 2007. All it takes is a small gift from a reader like you to keep us going, for just $2 / month.

    The Prophet (SAW) has taught us the best of deeds are those that done consistently, even if they are small. Click here to support MuslimMatters with a monthly donation of $2 per month. Set it and collect blessings from Allah (swt) for the khayr you're supporting without thinking about it.

    Continue Reading

    #Islam

    Moonsighting Gone Wrong, Again.

    Moonsighting is just not working out.

    Atleast not for our community here in the Toronto area. As I speak to my friends in other large (read: fragmented) communities, such as those in the UK, I hear similar tales of confusion, anxiety and horror. The problem in these communities stems from the fact that there are numerous moonsighting organizations in the same area, all following different methodologies for declaring Eid and Ramadan. This naturally results in a catastrophe and Muslims from the same family living in the same city are forced to celebrate the holidays on different days.

    To give you a taste of how (and why) things went wrong in this year’s Ramadan declaration, here’s a summary highlighting the series of events as they unfolded. (Reminder: Ramadan was expected to start on Friday, April 24th or Saturday, April 25th 2020 in North America)

    • Wednesday, April 22, 10: 13 pm EST: Crescent Council of Canada (CC) declares Ramadan to start on Friday, 24th April based on the fact that it received no reports of moonsighting sighting on Wednesday night. This committee follows global moonsighting and it declared Ramadan so early because it was already the 29th of Shaban based on the lunar calendar it follows (for most of North America, the 29th of Shaban was to be on Thursday). So, starting Ramadan on Saturday was simply not an option for the group (as it would have meant observing 31 days of Shaban). Also to note is that this group gives precedence to official declarations from authorities from Muslim-majority countries, even if these declarations conflict predictions of visibility charts and astronomical calculations. It argues that testimony of witnesses takes precedence in the sharia over astronomical data.
    • Thursday, April 23rd, 7:27 pm EST : The Hilal Council of Canada (HC), another committee in the area that follows global sighting, states that there has not been any sighting of the moon in any country, including South and Central America (it is past sunset in most of the Muslim world by now). The committee decides that it will wait till sundown in California to receive the final reports before making a declaration. Confusion starts spreading in the community as one organization has already declared Ramadan while another claims no one in the Muslim world saw the moon. Note that HC does not accept moonsighting reports if they contradict astronomical data.
    • 8:39 pm: Confusion continues. The CC claims that Saudi Arabia, UAE, Malaysia, Turkey and a host of Muslim countries have declared Ramadan. The committee thus feels validated in its original declaration which it made on Wednesday night.
    • 8:48 pm: More confusion: California-based CrescentWatch.org also claims that moonsighting reports from the Middle-East and Africa are all negative. People naturally start wondering how so many countries supposedly declared Ramadan if there were no positive sightings.
    • 9:40 pm: The Hilal Committee of Toronto and Vicinity, the oldest moonsighting group in the city, declares Ramadan to start on Saturday the 25th of April. Since the committee did not receive any positive reports by sunset from areas in its jurisdiction, it declared Ramadan to commence on Saturday. This committee follows local moonsighting and doesn’t rely on reports from the Muslim-world. Two of the three major moonsighting groups in the city have declared Ramadan on different days at this time. Residents are confused whether to fast the next day or pray tarweeh as its almost Isha time.
    • 11:11 pm: The HC finally declares Ramadan to start the next day, i.e. Friday, based on confirmed reports from California. Mosques following the HC advice to pray tarawih – an hour after Isha time had already entered. After an anxiety filled and frustrating evening, residents finally know the positions of the various moonsighting groups in the city. Now they just have to decide which one to follow!
    Support MuslimMatters for Just $2 a Month

    MuslimMatters has been a free service to the community since 2007. All it takes is a small gift from a reader like you to keep us going, for just $2 / month.

    The Prophet (SAW) has taught us the best of deeds are those that done consistently, even if they are small. Click here to support MuslimMatters with a monthly donation of $2 per month. Set it and collect blessings from Allah (swt) for the khayr you're supporting without thinking about it.

    This baffling circus of contradictory declarations is nothing new; it has become a yearly occurrence. Last year we saw the exact same series of events unfold and the same confusion spread throughout the community; it is entirely expected that the same will happen again in future years.

    Our leadership has decided that it is acceptable to put the average Muslim through this nerve-racking experience every year. For Eid declarations, the experience is far worse as thousands are often waiting till midnight to decide whether to go work the next day or send their children to school. The stress and anxiety this decision causes for the average person year after year is simply unacceptable.

    Popular advice in these situations has been to ‘follow your local masjid’. However, this idea is impractical for large communities where there are numerous local mosques, all following various opinions. It is also impractical for the thousands who simply don’t frequent the mosque and are not tied to a particular organization. The layperson just wants to know the dates for Ramadan and Eid; it is an undue burden on them to research the strength of various legal opinions just to know when to celebrate a religious holiday with their families.

    Only one way forward: astronomical calculations

    There have been numerous sincere attempts to solve these long-standing problems associated with moonsighting over the past 50 years – all have failed. I have documented in detail these attempts, the reasons for their failure and argued for the only viable solution to this problem: astronomical calculations.

    Since its introduction in 2006, Fiqh Council of North America’s calculations-based lunar calendar has proven to be the definitive solution for communities struggling to resolve the yearly moonsighting debacle. An example of such a resolution is the 2015 agreement by some of the leading mosques in the Chicago area who put aside their differences and united behind FCNA’s calendar. This approach has brought ease and facilitation for the religious practice of thousands of Muslims in that community.

    While the use of calculations has been a minority position in Islam’s legal history, it has a sound basis in the shariah [1] and has been supported by towering figures of the past such as Imam Zakariya al-Ansari and Imam Ramli. Given the challenging circumstances we find ourselves in now, it is incumbent on scholars of today to revisit this position as a means of providing much needed relief to the masses from this lunar quagmire.

    References:

    [1]  From SeekersGuidance: Scholars upholding this can be traced all the way back to the first Islamic century. The textual basis for this opinion is the hadith narrated by al-Bukhari, “When you see it [the new moon of Ramadan] then fast; and when you see it [the new moon of Shawwal], then break the fast. If it is hidden from you (ghumma ‘alaykum) [i.e. if the sky is overcast] then estimate it (fa-qdiru lahu);” (al-Bukhari, hadith no. 1900). The last verb, fa-qdiru, can be validly understood to mean calculation. Of the scholars who held this, are Abu al-‘Abbas b. Surayj (d. 306/918), one of the leading founders of the classical Shafi‘i school, the Shafi‘i scholar and renowned mystic Abu al-Qasim al-Qushayri (d. 465/1072), the leading Shafi‘i judge Taqi al-Din al-Subki (d. 756/1355), the Shafi‘i legal theorist al-Zarkashi (d. 794/1392), the renowned Maliki legal theorist al-Qarafi (d. 684/1285), and some Hanafi scholars. The late Shafi‘i commentator al-Qalyubi (d. 1069/1659) held that all sighting-claims must be rejected if calculations show that a sighting was impossible, stating, “This is manifestly obvious. In such a case, a person may not fast. Opposing this is obstinacy and stubbornness.” See al-Mawsu‘ah al-fiqhiyyah al-kuwaytiyyah, c.v. “Ru’yat al-hilal,” vol. 22, pp. 31-4. The leading scholar of the late Shāfi‘ī school Muhammad al-Ramli (d. 1004/1596) held that the expert astronomer was obliged to follow his own calculation as was the non-astronomer who believed him; this position has been used by some contemporary Shafi’i scholars to state that in the modern world, with its precise calculations, the strongest opinion of the Shafi’i school should be that everyone must follow calculations; see ‘Umar b. al-Habib al-Husayni, Fath al-‘ali fi jam‘ al-khilaf bayna Ibn Hajar wa-Ibn al-Ramli, ed. Shifa’ Hitu (Jeddah: Dar al-Minhaj, 2010), pp. 819-22. See also the fatwa of the Hanafi scholar Dr Salah Abu al-Hajj (http://www.anwarcenter.com/fatwa/معنى-حديث-لا-تصوموا-حتى-تروا-الهلال-ول) last accessed 9/5/2016) which states, after arguing against relying on calculations, “However, the position of [following] calculations is the position of a considerable group of jurists, so it is a respected disagreement in Islamic law, whereby, if a state were to adopt it, it is not rejected, because the judgment of a judge removes disagreement, and the adoption of a state is [as] the judgment of a judge.

    Support Our Dawah for Just $2 a Month

    MuslimMatters has been a free service to the community since 2007. All it takes is a small gift from a reader like you to keep us going, for just $2 / month.

    The Prophet (SAW) has taught us the best of deeds are those that done consistently, even if they are small. Click here to support MuslimMatters with a monthly donation of $2 per month. Set it and collect blessings from Allah (swt) for the khayr you're supporting without thinking about it.

    Continue Reading
    .
    .

    MuslimMatters NewsLetter in Your Inbox

    Sign up below to get started

    Trending