This site is solely dedicated to publish my writing, mostly on the topic of Islamic finance. Some of the articles were written as partial fulfillment for completing the Chartered Islamic Finance Professional (CIFP) certifications and for the Ph.D in Islamic Finance that I am currently undertake. Interested parties, including reporter/press or students, may reproduce or quote materials published provided that the credit has to be given to my blog (arzim.blogspot.com). Comments must be accompanied by names or pseudonyms. Anonymous postings and those containing profanities and obscenities will be rejected.

Friday, February 18, 2011

Quranic Verse on Charity 2:177

It is not righteousness that you turn your faces towards east or west (in prayers); but righteousness (is the quality of) the one who believes in Allah, the Last Day, the Angels, the Book, the Prophets and gives his wealth in spite of love for it to the kinsfolk, orphans, the needy, the wayfarer and to those who ask and to set slaves free and is steadfast in prayer and practices Zakah; and those who fulfill their covenants when they make it; and who are firm and patient, in extreme poverty and ailment and throughout all periods of panic. Such are the people of truth and they are the pious.

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