Omar Ibn Al Khattab, ruler of a nascent Islamic empire in the seventh century, once convened a meeting in Madinah to admonish his subjects “for avoiding trading and leaving the markets in the hands of the foreign traders”.
The story underscores the importance given by Islam to real economic activity, said Mohammad Qasim, head of the Sharia department at Dubai Islamic Bank-Pakistan. “One of the main sources of earning pure wealth is true Sharia-compliant trade.”
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