The religion of Islam is profoundly concerned with the social life of human beings, and its rules are set to be practiced on a large scale and in all aspects of humans’ life. Therefore, it is inseparable from the financial and political organization of society. So, Islam has built a system of economy compatible with any society [1] and practical at any given time.

Islam considers the economy as one of the most important aspects of social life, but not its sole purpose which has to be taken into account at the expense of ignoring or harming other aspects of human life. The typical and well-known economic concepts in Islam are Khums, Alms tax (Zakat), Usury (Riba), Mortmain property (Waqf), etc.

What Are the Characteristics of Practical Islamic Economy?

A healthy economy according to Islam is one that is vibrant and growing, advantageous for all kinds of people in the society, and free from favoritism and injustice. This is an economy in which a fair amount of income is earned through a sufficient amount of work which is beneficial both for the individuals and society.

Therefore, a Halal source of income -that is the money earned through acceptable ways in Islam- in Islamic society is earned through a job, which is compatible with public interests based on the sharia of Islam. On the contrary, the income earned by any demand regardless of its nature or its effect upon society is not considered Halal according to Islam. In other words, the demands must be for the benefit of humankind -not just materialistically but also spiritually- to result in a healthy and desirable income [2].

Despite many misunderstandings, Islam never condemns being wealthy or having a prosperous way of living[i]. Prophet Muhammad (PBUH) said: “Worshiping has seven parts and its best part is lawfully earning money”. Contrarily, producing wealth in lawful ways, legal trading, and spending money for personal matters without extravagance and prodigality -which is strictly forbidden in Islam- have been highly recommended [1].

However, it condemns putting financial needs and concerns above other things, living for the sake of gathering money and piling it up, not earning money to have a better life, which is apparently not achieved just by money. On the other hand, if money becomes a means for work, activity, and productivity, then it will result in a more satisfactory and peaceful life [2].

To conclude, the practical religion of Islam is in favor of a lively economy in which welfare is not restricted to a particular group in society, a typical feature of capitalistic societies. Moreover, wealth is distributed fairly but not equally and regardless of the amount and quality of the work they undertake - characteristic of a communistic economy-  among all kinds of people in the society.

It is a system that is continually developing, and each individual has an opportunity to put his or her talents into practice. In other words, social justice is the crucial factor of the Islamic financial organization. A perfect example of this kind of society can be easily depicted in the reign of Muslims’ great religious leader after Prophet Muhammad (PBUH), Imam Ali (AS) [ii]. 

Notes:

[i]. Money has been directly called “Kheir” which means “goodness” in the Quran (2:180).

[ii]. On the second day of his reign, Imam Ali (AS) told his people as an announcement of his way of distributing the commonwealth among the society that: “the wealth is God’s property. Thus it will be distributed equally betwixt you, and no one is regarded above the other in this distribution, and there will be the best reward for God-fearers on the Day of Judgement”. Also, he was severely criticized by the upper-class groups in society for his careful observance of neglected people and his similar behavior with all kinds of people from any economic background. 

References:

1. Sheykh Al-Saduq. Savab al-Aamal va Iqab al-Aamal.
2. Morteza Motahhari. Nazari bar Nezame Eghtesadye Islam (An Overview of Islamic Economic system). Tehran: Sadra Publication.

“O ALLAH, bless Muhammad (PBUH) and his Progeny! Bless us in this day of our festival and our fast-breaking, make it one of the best of days that have passed over us.” Imam Sajjad (AS) - Sahifa Al-Sajjadiyya

Eid al-Fitr is the most important festival in the Islamic calendar. It provides us with an opportunity to offer thanks to Allah for having given us the will and strength to observe fast during the holy month of Ramadan. This Eid falls on the first day of the Islamic month of Shawwal and marks the end of Ramadan.

On the day of the celebration, a typical Muslim family gets up very early to perform the following tasks:

1. Reciting Takbirs 

It is recommended to recite the following Takbirs after performing the Dawn prayer (Salat al-Fajr):

"اللَّهُ أَكْبَرُاللَّهُ أَكْبَرُلاإِلَهَ إِلااللَّهُ وَاللَّهُ أَكْبَرُاللَّهُ أَكْبَرُوَلِلَّهِ الْحَمْدُالْحَمْدُلِلَّهِ عَلَى مَاهَدَانَاوَلَهُ الشُّكْرُعَلَى مَا أَوْلانَا"

‘AllaahuakbarAllaahuakbar la ilaahaillallaahuwwllaahuakbarallaahuakbarwalillaahilh’amd al ha’mdulillaaha’laamaahadaanaawalahushukrua’laamaaawlaanaa’

It means: “Allah is Great. Allah is Great. There is no god but Allah. And Allah is Great. Allah is Great. (All) praise be to Allah. (We) sing the praises of Allah because He has shown us the Right Path. (We) gratefully thank Him because He takes care of us and looks after our interests.”

2. Giving Zakat al-Fitr (Fitrah)

Zakat al-Fitr is a mandatory religious tax paid by those who can afford it as a kind of charity at the sunset of Eid alFitr night (i.e. the night preceding Eid day), which is about three kilos of the item commonly eaten per person in the house (e.g. wheat, barley, dates, raisins, rice or millet, etc.).

You can also pay the price of one of these items in cash. Fitrah should be given to deserving believers whose income is not sufficient to spend on their families for one year. It is better to give it before the Eid prayer (Salat al-Eid).

3. Performing Eid al Fitr prayer

The Eid prayer is performed in the morning, between sunrise and the Midday prayer (Salat al-Zuhr). It can be performed either individually or in a congregation and consists of two Rak’ahs (units). During the first Rak’ah, you should recite the first chapter of the Holy Quran (Surah al-Fateha).

Thereafter, you can recite another chapter of your choice. However, it is recommended to recite Chapter 91 (Surah al-Shams) in the first Rak’ah and Chapter 8 (Surah al-Ghashiya) in the second one following Surah al-Fateha; or alternatively, recite Chapter 87 (Surah al-A'ala) in the first Rak’ah and Chapter 91 (Surah al-Shams) in the second (following Surah al-Fateha).

After reciting the Quranic chapters, there are five Takbirs-i.e. ‘Allahu Akbar’-  that needs to be said in the first Rak’ah and four in the second one - and along with each of these, you should recite a Qunut (raising hands in prayer).

After the fifth Qunut of the first Rak'ah, you should recite a Takbir (Allahu Akbar) and then perform the Ruku’ (bowing) and continue with the Sujud (prostration) twice. In the second Rak’ah, the actions of the first Rak’ah are repeated with four Takbirs. At the end of the prayer, upon the completion of the second Sujud, you should recite the Tashahhud and complete the prayer with the Salutations (Salam).

Qunut Recitation

Although any recitation or Dua will suffice in Qunut of the Eid Prayers, it is recommended to recite the following Dua:

"اَللّهُمَّ اَهلَا لْکِبْرِيَاءِ وَالْعَظَمَةِ،وَاَهْلَا لْجُوْدِ وَالْجَبَرُوتِ، وَاَهْلَا لْعَفْوِ وَالرَّحْمَةِ وَاَهْلَا لتَّقْوٰی وَالْمَغْفِرَةِ،اَسْاَلُكَ بِحَقِّ هٰذَا الْيَوْمِ الَّذِی جَعَلْتَه لِلْمُسْلِمِيْنَ عِيْدًاوَلِمُحَمَّدٍصَلَّی اللهُ عَلَيْهِ وَآلِهِ ذُخْراًوَكَرَامَةً وَشَرَفًا وَمَزِيْداً اَنْتُصَلِّیَ عَلٰی مُحَمَّدٍ وَآلِ مُحَمَّدٍ وَاَنْ تُدْخِلَنِی فِی کُلِّ خَيْرٍاَدْخَلْتَ فِيْهِ مُحَمَّداً وَآلَ مُحَمَّدٍ،وَاَنْ تُخْرِجَنِی مِنْ کُلِّ سُوْٓءٍ اَخْرَجْتَ مِنْهُ مُحَمَّدًا وَآلَ مُحَمَّدٍ صَلَواتُكَ عَلَيْهِ وَعَلَيْهِمْ اَجْمَعِيْنَ.اَللَّهُمَّ اِنِّی اَسْاَلُكَ خَيْرَمَاسَاَلَكَ بِهِ عِبادُكَ الصَّالِـحُونَ،وَاَعُوْذُبِكَ مِمَّا اسْتَعاذَ مِنْهُ عِبادُكَ الْمُخْلِصُوْنَ"

‘Allahummaahlalkibriya'iwal 'azamah, waahlaljudiwaljaburat, waahlal 'afwi war rahmah, waahlattaqwawalmaghfirah.

As alukabihaqqihazalyawmillazija'altahulilmuslimina 'ida ,waliMuhammadinsallallahu 'AlaihiwaAlihi, zukhranwasharafanwakaramatanwamazida an tusalliya 'ala Muhammad wa Ali Muhammad wa an tudkhilani fi kullikhayrinadkhaltafihi Muhammadan wa Ala Muhammad wa an tukhrijani min kullisu'inakhrajtaminhu Muhammadan wa Ala Muhammad salawatuka 'alahiwa 'alahim. Allahummainni as alukakhayra ma saalakabihiibadukassalihun, waauzubikamimmastaazaminhuibadukalmukhlasun.’

Translation:

“O Allah, (belongs to You only) pride, glory, excellence, omnipotence. (You) grant amnesty and show kindness, (You are) Holy and Oft-forgiving, (so), I ask You in the name of this day which You have ordained as a day of happiness for the Muslims. An occasion for Muhammad (blessings of Allah be on him and his progeny) to plan ahead and grow strong to send blessings on Muhammad and on the progeny of Muhammad. And introduce me to every good that had been made available to Muhammad and Muhammad’s progeny. Educate me to keep from every evil as You kept safe Muhammad and Muhammad’s progeny from it. Your blessings are on him and on them. O Allah, I ask you to give me the good which Your pious servants had asked for. And I take refuge with You from that which caused Your pious servants to seek refuge with you.”

This is how Muslims joyfully celebrate the achievement of enhanced piety on this day of forgiveness, moral victory, and peace, of fellowship, brotherhood, and unity. Muslims not only celebrate the end of fasting but also thank God for the strength that He gave them during the previous month to help them practice self-control.

Happy Eid al-Fitr!

References:

1.   EID UL FITR -

2. salat eid