Principles of an Economic Life Based on Halal Gain in the Light of Prophet's Teachings


ERDEM E.

TURKISH JOURNAL OF ISLAMIC ECONOMICS-TUJISE, vol.8, no.2, pp.553-570, 2021 (Journal Indexed in ESCI) identifier

  • Publication Type: Article / Article
  • Volume: 8 Issue: 2
  • Publication Date: 2021
  • Doi Number: 10.26414/a167
  • Title of Journal : TURKISH JOURNAL OF ISLAMIC ECONOMICS-TUJISE
  • Page Numbers: pp.553-570
  • Keywords: Halal earnings, Effort and sustenance (rizq), Hadiths and economic life, Teachings of Prophet Muhammad, Islamic economics

Abstract

Earning through halal means is very important for a Muslim because it is not only required for his sustenance but is also an important part of his religion practice. Muslims must not escape a life based on hardwork and should not depend on charity to survive. They must instead put in effort to earn regular income since God has provided man with the means to seek providence through His resources. Thus, Muslims should not be involved in dodgy activities, but should actively participate in trade. However, trade must be conducted with honesty. It is always wise to seek the middle path in earning a living by neither neglecting worship nor being too greedy. Accumulating wealth does not make a person happy and in fact, can bring about his ruin if he neglects zakat and charity or usurps the rights of others. Unfortunately, in this age, Muslims show impassivity towards earning income using Islamic modes; whether in producing, trading, or working for oneself or on the behalf of others. Such individual weaknesses of Muslims lead to occasional and unjustified accusations on Islam. Indeed, the problem is not in Islam, but Muslims who have failed to apply its teachings to their lives- the basic motivation of this study. For this reason, this study intends to reveal and interpret the teachings of the Holy Prophet (pbuh) about halal earnings that are the guidelines for maintaining a moral economic life by making use of authentic books of hadith.