- INTRODUCTION
- THE BOOK UNDER SCRUTINY
- THE FATWA OF MUFTI KIFAAYATULLAH SAAHIB
- MUFTI TAQI SAHIB IN CONFLICT WITH THE PRINCIPLE OF THE FUQAHA
- MUFTI TAQI SAHIB'S IMPROPER DEFENCE OF THE CAPITALISTS
- THE EXAMPLE OF THE MUDHAARIB AND RABBUL-MAAL
- KHALTATUSH SHUYOO'
- EVERY TA'WEEL OF MUFTI TAQI SAHIB IS UNPRINCIPLED
- THE SHAR'I STATUS OF SHARES
- HADHRAT THAANVI'S SUPPORT?
- THE VIEW OF SHAIKH SIDDIQ DHAREER
- SOME TRANSACTIONS OF THE BANKS
- PENALTY ON LATE PAYMENT
Inspite of the contrary view of Shaikh Siddiq Dhareer, Mufti Taqiclings to his improper opinion. Regarding the issue of trading in shares, you state on page 89: "The opinion of the well-known Aalimand expert of Fiqhi transactions, Shaikh Muhammad Siddiq Dhareeris that the basis of this type of trade (i.e. trading in shares on thestock exchange) is pure conjecture and opinion." (That is opinionbereft of Shar'i substance—Mujlisul Ulama.)
When you, yourself cite the opinion of such an expert Aalim—and this opinion is the reality—then what has compelled you to issue a fatwa of permissibility and present interpretations? (When an Aalimparticipates actively in the affairs of the devourers of Riba, when he socializes and fraternizes with them, he imperceptibly becomes assimilatedin their style of thinking. He loses his Islamic bearings andsuffers the convulsions of their indoctrination. Furthermore, being aremunerated employee of the western world's Riba banks solidifies the indoctrinated opinions of the employers.
There should therefore be no difficulty in comprehending the factors which constrain the vileexercises of baatil ta'weelaat to legalize the abominable practices of riba.—Mujlisul Ulama)
You have also conceded on page 86: "Here cash and other assets arebeing sold for only cash." In this instance the sale will be lawful onlyif there is certitude that the cash (which is tendered) is more. Whenthere is no knowledge whatsoever of this in the trade of shares, the question of certitude simply does not occur. How then did you issuea fatwa of permissibility inspite of Rasulullah's (sallallahu alayhi wasallam)proclamation: "Shun that which casts you into doubt andadopt that which does not cast you into doubt"? In other words, donot participate in doubtful transactions. Why do you issue a fatwa inconflict with this?
