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What is Prohibited Wealth in Islam?

Published in Islamic Finance 2 mins read

Prohibited wealth, also known as haram wealth in Islamic terminology, refers to any earnings or possessions obtained through means that contradict Islamic principles.

Types of Prohibited Wealth

Here are some common examples of prohibited wealth:

  • Interest (Riba): Earning interest on loans or investments is strictly forbidden.
  • Gambling (Maysir): Any form of gambling, including lotteries and betting, is considered haram.
  • Usury (Riba al-Nasiah): Charging excessive interest on loans is prohibited.
  • Bribery (Rishwah): Accepting or giving bribes is considered a form of corruption and is prohibited.
  • Theft (Sariqah): Stealing or taking anything that does not belong to you is prohibited.
  • Fraud (Ghash): Deceiving others for personal gain is prohibited.
  • Alcohol and Intoxicants (Khamr): Consuming or selling alcoholic beverages and other intoxicants is prohibited.
  • Pork and Carrion (Al-Khaza'ir): Consuming pork and carrion (dead animals) is prohibited.

Importance of Avoiding Prohibited Wealth

  • Spiritual Purity: Avoiding prohibited wealth helps maintain spiritual purity and strengthens one's relationship with Allah.
  • Social Justice: Prohibited wealth often leads to exploitation and inequality, which goes against the principles of social justice in Islam.
  • Economic Stability: Prohibited wealth can lead to economic instability and uncertainty.
  • Divine Blessings: Islam emphasizes that avoiding prohibited wealth attracts blessings and divine favor.

Solutions for Avoiding Prohibited Wealth

  • Seeking Halal Alternatives: Muslims are encouraged to seek out halal (lawful) alternatives for earning income and investing.
  • Educating Yourself: Learning about prohibited wealth and its implications is crucial for making informed decisions.
  • Consulting with Scholars: Seeking guidance from Islamic scholars can help clarify any doubts or questions.

By avoiding prohibited wealth, Muslims strive to live a life that is both morally and spiritually sound, contributing to a just and equitable society.

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