KUALA LUMPUR - Islam does not prohibit its people from incurring debt, but it urges debtors to handle their finances in accordance with syaria properly.
Global Syariah Advisor Tan Sri Dr Mohd Daud Bakar stated that money and finances were the foundation for ensuring comfort and survival in addition to being able to obtain Allah SWT's blessings.
"The Al-Quran does not prohibit us from discussing and participating in financial matters because it is the basis of life.
"In addition to meeting the needs of this world, the main goal is the eternal success of the afterlife, and property and finances are the catalysts for this achievement.
"Allah SWT has also reminded people to pay attention to debt and wealth management according to Islamic standards, further achieving the goal of His pleasure and mercy," he said.
He said this while delivering a lecture titled 'Financial Challenges' in conjunction with the World #QuranConvention (WQC) 3.0 programme titled 'Coping With Challenges Surah Al-Sajdah' here on Saturday.
The programme, for the third time, featured six panellists from home and abroad, including Nexchange Trading Group Berhad Managing Director Tan Sri Syed Zainal Abidin Syed Mohamed Tahir; Founder of Bayyinah, Institute for Arabic & Qur'anic Studies, Nouman Ali Khan; Huffaz Nusantara figure, Dr Ahsin Sakho Muhammad Asyrofuddin and Chief Research Officer of the Ikhlas Ummah Heritage Foundation (WUIF), Fazrul Ismail.
In addition, it also featured four reciters, namely Tirmizi Amir, Abdul Khair Jalil (Malaysia), Sheikh Rami As-Sousi (Palestine) and Sheikh Abdullah Sobhi Marei (Egypt).