The Madressa Centre of Excellence presented a detailed report on its workings and progress to date at the Second Executive Council Meeting held recently in Stanmore, UK.
The World Federation of KSIMC’s India Office in collaboration with Servants of Imam Ali (as) group and Jamiat Fatima (s.a.) Hawza organised a Certified Course on Islamic Business (Ethics and Principles).
A 2 day overnight workshop was organized on 19th and 20th April 2014 at Panvel. The fees were subsidised and were kept as low as USD 30. Workshop facilitators were Maulana Sayyed Ehsan Haider Jawadi and Brother Irfan Karim. Sayyed Ehsan is the principal of a Hawza Jamiat Fatima (s.a.). Sayyed spent 4 months to research and develop the course content.
Brother Irfan Karim is a Chartered Accountant by profession and is the Vice President of an IT Analytics company in Mumbai. Br. Irfan digitized the course and assisted Sayyed in co-relating Islamic principles with modern day business concepts.
The topics covered were:
• Business and Islamic Responsibility
• Importance of doing Business
• Islamic Rules of doing Business
• The necessity to keep Allah in mind in all transactions
• Not to practice monopoly; Not to fix prices with excessive profits; To be fair in dealings; Prices must not be varied according to clients
• Compulsion for everyone to earn a living
• Usury and Interest
• Banking, E-Business
• Rights of employees; rights of partners; rights of the buyer and seller.
• Business Partnerships, Contracts, Commissions, Services, Rent, etc.
Class in session
In total there were 18 Gents and 4 Ladies. Participants included Businessmen, E-Commerce specialists, Chartered Accountants, A Banker, A Lawyer etc. To attend the course some of the participants had to fly down to Mumbai from different parts of India. The whole course was interactive and questions and discussions were taken throughout.
Question & Answer time
The course was held at Panvel. The accommodation and classes were all in the same vicinity. Based on the topics covered, the participants were given activity sheets wherein real life scenarios were mentioned and they had to enact the same by forming groups and solve them.
At the end of the 2 day course, the participants cleared their doubts on various aspects of Islam and Business. Participants were given completion certificates too.
The participants have requested The World Federation India Office to continue such sessions with more detailed topics like Taxation, Khums, Rights of Others etc.
Salaat being recited in Jamaat
“Br. Irfan was able to understand our day to day issues and provide resolution as per the Islamic Laws”. – Murtuza Merchant
“I am planning to start my own business. This workshop made me understand how well and accurate our Islamic Business Ethics are. Thanks to WF, Asad Virani, Sayyed Ehsan, Br. Irfan and all others to make it possible”. – Nadeem Halani
“Loved the idea of discussing the topics for long continuous hours in depth and detail. Looking forward for more topics”. – Fahim Meghani
Asad Virani, Manager of The World Federation India Office says: “Alhmdolillah we had a good response to the course. The community is now accepting and valuing workshop style of learning. We already have a list of prospective participants for the next course which will be announced very soon.”
Sayyid Aliraza Naqvi, Assistant Secretary General of Islamic Education says: “This was a very new concept and was successfully completed by the India Office. Special thanks to Sayyed Ehsan and Br. Irfan for accepting the request to facilitate the course and delivering it so well, JazakAllah”
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