40 Hadiths Relating to Islamic Finance By AbdulShaheed Drew

” 40 Hadiths ” Islamic finance is not just a system it’s a divine framework based on justice, transparency, and righteousness. In “40 Hadiths Relating to Islamic Finance,” AbdulShaheed Drew offers well-chosen statements of Prophet Muhammad ﷺ addressing various aspects of finance. From truthful trade to equitable contracts and the pitfalls of interest (riba), this book provides a compact yet potent grounding for Muslims looking to align their financial practices with Islamic ethics.

A Concise and Practical Resource

AbdulShaheed Drew’s book is structured around 40 authentic Hadiths, each paired with brief commentary. These Hadiths aren’t merely quoted they are contextualized for the modern reader, helping to bridge the gap between 7th-century Arabia and today’s financial world.

Every Hadith addresses a unique area of economic life, so this is an invaluable resource not only for students and scholars, but also for business leaders, workers, entrepreneurs, and consumers who want to practice Islamic principles in everyday financial interactions.

The Foundation: Wealth and Responsibility in Islam

One of the most important messages in the book is that wealth in Islam is a trust from Allah (SWT). It’s not good or bad by nature it depends on the manner of acquisition and distribution. The Prophet Muhammad ﷺ taught:

“The upper hand is better than the lower hand…” (Sahih Bukhari). This Hadith is a lesson that to give (charity, assistance, generosity) is preferable to being needy. Instructs Drew that Muslims are urged to be economically active and engaged, not just for themselves but to assist others and aid in the betterment of their communities.

Ethical Trade and Fair Business Practices

Much of the book is focused on trade ethics, which are at the core of Islamic finance. The Prophet ﷺ himself was a merchant prior to prophethood and was renowned for his integrity and honesty. One Hadith emphasizes:

“The truthful and trustworthy merchant is with the prophets…” (Tirmidhi). This Hadith does not merely place a standard on ethical business but places the position of honest traders alongside those of prophets and martyrs. Drew employs this to emphasize honesty in advertisement, reasonable prices, and transparent terms in commercial dealings.

He also deals with pragmatic concerns like cheating, false weights and measures, and deception all of which are considered anathema to Islam.

The Prohibition of Riba (Interest)

No mention of Islamic finance is complete without the mention of the ban on riba. A number of Hadiths in the book emphasize the seriousness of involvement in interest-based transactions:

“The Messenger of Allah cursed the one who consumes riba, the one who gives it, the one who writes it down, and the two who witness it.” (Sahih Muslim)

Drew dissects this Hadith by saying that interest prohibitions are not just about justice, but also about avoiding exploitation. He draws a parallel with the contemporary banking system where compound interest ensnares individuals into debt circles, something quite contrary to the principles of mercy and justice that form the foundation of Islamic finance.

Contracts, Debt, and Fulfillment of Agreements

Much of Islamic finance is based on contracts. Drew incorporates 40 Hadiths that highlight the need for clarity, documentation, and contract fulfillment. “Muslims are bound by their conditions…” (Abu Dawood)

This Hadith serves to underscore the ethical and religious obligation to fulfill agreements. Whether it involves a business venture, a sale, or a loan, Islam requires transparency and accountability.

The book also speaks about debt, cautioning against borrowing and urging repayment on time. The Prophet ﷺ was in the habit of declining to lead the funeral prayer of a deceased person who died in debt with no intention of repaying.

Wealth, Generosity, and Social Responsibility

Earning money ethically is crucial, but so is its distribution. Drew adds 40 Hadiths which remind Muslims of the duty of paying zakat, assisting the poor, and not loving wealth too much. “Riches are not in abundance of worldly goods. On the contrary, true riches are contentment.” (Sahih Bukhari)

This Hadith changes the reader’s perspective from abundance to satisfaction and generosity. Drew invites readers to see wealth as a means to do good, rather than an end.

Application in the Modern World

What makes this book unique is the way that timeless 40 Hadiths are applied to modern-day challenges. AbdulShaheed Drew does not just quote words of the Prophet ﷺ he connects them to our modern-day financial challenges such as debt, inflation, consumerism, and financial planning.

He also discusses Islamic banking, microfinance, and entrepreneurship, providing readers with a foundation for using prophetic principles in a capitalist society.

Perfect for Personal and Group Study

With its easy-to-understand language and organized format, “40 Hadiths Relating to Islamic Finance” is particularly suitable for:

Personal development and self-reflection, Study circles (halaqahs) and study groups, Instructional material in Islamic schools and universities and Business ethics courses based on an Islamic approach. Every Hadith is independent, so the reader can read one at a time without a sense of overwhelm.

A Much-Needed Contribution

AbdulShaheed Drew has made available a valuable tool for Muslims who are working to maneuver monetary systems that by nature contradict Islamic principles. In a day of debt, consumerism, and unscrupulous practices, “40 Hadiths Relating to Islamic Finance” takes us back to the reminder that our deen (faith) provides not simply spiritual wisdom but economic solutions for justice.

The book is not just about what’s haram, but also what is wholesome, fair, and healthy. It challenges Muslims to take back the prophetic way of trust, honesty, and empathy in all their financial transactions.

Final Thoughts

Whether you’re a student of knowledge, a small business owner, a financial advisor, or just someone trying to live ethically, “40 Hadiths Relating to Islamic Finance” offers a clear and inspiring guide. AbdulShaheed Drew’s work reconnects us with the teachings of the Prophet Muhammad ﷺ in a world where faith and finance often seem worlds apart.

If you’re looking to deepen your understanding of Islamic financial ethics and make your wealth a source of barakah, this book is a worthy addition to your library.

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