In this post, we focus on the penultimate daroori, which in Arabic is “al-Maal” and is translated as ‘property‘, ‘possessions‘ and ‘wealth.’ The Arabic word maal is said to come from the root verb maala which means ‘to digress’ or ‘to turn away’ as “maala bihi al-Qalb” (the heart is turned away or deviated by it). This correlates to the famous saying that money is a necessary evil. It may well be at the root of many of society’s problems, indeed the current financial crisis is evidence of this, but it is an essential commodity for us to live and so is classified as one of the darooriyaat, the protection of which is one of the Maqasid of the Shari’ah.
Our discussion will be split over two posts and as previously, will focus on that which maintains and protects wealth and how this is legislated and encouraged as well as that which threatens wealth and how this is outlawed and discouraged.
From the Perspective of That Which Maintains al-Maal
Those things which help preserve and maintain al-Maal are encouraged, promoted and obligated. Some examples of these are as follows:
1) Encouragement of Trade (Tijara) and Investment (Istithmaar)
In the Islamic worldview, wealth, property and material possessions are considered one of the blessings of God. One of Allah’s most magnificent attributes is that He is al-Razzaq (The Provider) and everything that we may have in our possession is ultimately from Him. Anything we have is therefore only ours for the short period of our lives and the test we face is what we do with what we have been provided with by al-Razzaq. As with all blessings, the Day of Judgement will be Yawm al-Hisaab (The Day of Account), when our use of God’s blessings will be analysed and judged.
As members of a society, or indeed the world, we all have different resources, skills and abilities which we need to utilise and exchange in order to satisfy our varied needs and wants. Over time, from the days of bartering to the exchanging of gold pieces and coins, money has become the standard means by which goods are bought and sold and the needs of everyone in society can be met.
In order to keep an economy flourishing, this money needs to be kept in circulation, passing from the hands of those who have it to those who need it, in exchange for goods, services or profit. Trade (Tijara) and investment (Istithmaar) are two ways that this circulation is maintained.
