Bilal Philips – Business – Part 01

Bilal Philips
Share Page

AI: Summary ©

The speakers discuss the importance of balancing businesses and giving customers what they pay for. The history of the spread of Islam has impacted the market, but profit margins are lowered when manufacturers sell parts to consumers. The speakers emphasize the importance of good deeds and reminding customers of the legalules of Islam. The speakers also provide guidance on learning Islamic and offer resources for courses and online education. Overall, the speakers emphasize the importance of being a good seller and a good customer, as well as reminding customers of missed prayer times and worship and being honest in business practices.

AI: Summary ©

00:00:01 --> 00:00:02
			Hello,
		
00:00:21 --> 00:00:21
			see,
		
00:00:39 --> 00:00:42
			Monday Kumara to law here, but I'd
		
00:00:43 --> 00:01:35
			like to welcome you to another episode of our series, the best in Islam. As in the previous
episodes, we'll be looking at what a law and His Messenger have declared for us to be the best, the
best in our actions, the best people, the best in our interactions, our society, and elements of the
world in which we live. In this episode, in particular, we've been looking at the best in business.
So much of our lives are connected to business, business, whether we're buying, selling, trading,
exchanging, this plays a big part of our lives.
		
00:01:36 --> 00:01:39
			So with regards to business and how business should be conducted,
		
00:01:40 --> 00:02:12
			allow most great and glorious, said in Surah Al Isra 17 chapter verse 35. were awful Kayla either
killed was the new bill stossel Mr. Team Delica. Hi, Ron. Well, Senator Wheeler, give full measure,
when you measure and weigh with an accurate balance that is good and better in the end, give full
measure
		
00:02:13 --> 00:02:27
			when you measure meaning that when you are engaged in the selling of your product, you should give
people what they're paying for.
		
00:02:28 --> 00:02:47
			Don't cheat them. In one way or another. On one occasion, Prophet Mohammed may God's peace and
blessings be upon him. He had entered into the marketplace, and a man had a pile of grain that he
was selling. And the Prophet stuck his hand into the middle of that pile, and he took out some wet
grade.
		
00:02:48 --> 00:02:50
			And he asked him What is this?
		
00:02:51 --> 00:03:38
			The man said the rain fell on it during the night. So the prophet may God's peace and blessings be
upon him said so he should have left it as it was. So people will know that it was wet grain, rather
than covering it with dry grain. So people think that they're buying dry grain. But in fact, what
you are putting on the scale is wet grain covered by some dry grain. And of course, wet grain will
weigh more than the dry grain. So what are you doing? You're cheating them. And that's why a law
said, Give full measure when you measure and weigh with an accurate balance. Now some people in the
marketplace will play with the violence. They don't start from quite zero.
		
00:03:40 --> 00:04:01
			Or it's not giving you an accurate measurement. Yeah, they're putting it on the scale. You're
looking at the scale, and you're thinking you're getting what you're paying for. But in fact, you're
getting less than what you're paying for. These are the tricks of the trade. And this whole area of
business, in fact, is a very dangerous area.
		
00:04:02 --> 00:04:34
			Because people are quick to find loopholes find ways to increase their profits at any cost. It is so
common that the prophet may God's peace and blessings be upon him described traders in general
saying to jar human food jar, the traders, the business people in the marketplace, they are the most
corrupt, the most corrupt element of any society
		
00:04:35 --> 00:04:40
			because of the temptation to cheat when people study marketing
		
00:04:42 --> 00:04:48
			and this is the tool used by the traders, the business people marketing
		
00:04:49 --> 00:04:50
			is basically
		
00:04:52 --> 00:04:59
			focused on deception. The best salesman who is the best salesman when you ask
		
00:05:00 --> 00:05:25
			Those who are in that field, they will say the best salesman is the one who is able to sell
snowballs to the Eskimos, or sell sand to the desert Arabs. These are the best salespeople. Because
common sense tells you what Eskimo who's living in the middle of snow was going by a snowball. But I
was living in the middle of summer going back.
		
00:05:27 --> 00:05:40
			But if you're able to get him to buy sand, feel that he needs to buy yourself, then you are the best
salesman, how are you going to do that? You have to deceive him, you have to deceive him.
		
00:05:41 --> 00:05:53
			It's as simple as that. So much of marketing is focused around how to deceive the customer to make
that product desirable,
		
00:05:54 --> 00:06:07
			where the customer wasn't even thinking about the product, but you made them feel that they must
have this product, their life is incomplete unless they get this product. This is much of
advertisement,
		
00:06:08 --> 00:06:13
			all kinds of tricks, etc. Working on your, you know your psyche or your mind.
		
00:06:14 --> 00:06:24
			It's unfortunate. When we look at the history of the spread of Islam, so much of Islam was spread by
traders, though,
		
00:06:26 --> 00:06:33
			in the attack on Islam. People like to say Islam was spread with the sword, Muslim armies,
		
00:06:35 --> 00:06:48
			fighting, killing, capturing, etc. No, that's not true at all. The vast majority of what is known as
the Muslim world today, never saw a Muslim soldier.
		
00:06:49 --> 00:07:09
			It was not by military conquest. Most was by trade. For example, one big country today one of the
biggest Muslim countries in the world. Indonesia, never saw a single Muslim soldier come ashore, the
traders who came out of
		
00:07:10 --> 00:07:11
			Arabia,
		
00:07:12 --> 00:07:17
			they came and they traded.
		
00:07:18 --> 00:07:38
			They had been doing it for centuries, following the usual practices of deception, cheating, etc.
With their products. One year came to the Indonesian people who are buying their products and
selling them other things. And they changed.
		
00:07:39 --> 00:08:05
			These traders, were now telling their customers where there were faults in the product. dishcloth,
this, whatever. You know, it's not so good. It has this it has that customers are very surprised why
Indonesians are surprised why are you going to be doing that? Because obviously you tell us to do
something not quite good without it and that your neighbor has a better product or whatever, so and
so then
		
00:08:07 --> 00:08:08
			you're going to lose the sale.
		
00:08:09 --> 00:08:11
			So why would you want to do that?
		
00:08:12 --> 00:08:15
			So when the traders told them well, it's our religion.
		
00:08:16 --> 00:08:21
			So what do you have another religion now? So yes, we changed our religion.
		
00:08:22 --> 00:08:55
			Our this new religion that we're following, it says that we're not supposed to cheat. We have to
give you the fair amount for what you pay. The Indonesians wanted to Well, what is this religion?
Tell us about it. And from that Islam spread through trading. Honestly. That's what Islam calls to
honesty in business, that we don't cut corners. We don't cheat. We don't build products that have in
them.
		
00:08:56 --> 00:08:59
			obsolescence inbuilt.
		
00:09:00 --> 00:09:03
			One of the practices, common practices today in
		
00:09:04 --> 00:09:07
			the automotive industry, for example, is that
		
00:09:09 --> 00:09:59
			they sell you a car, which, if you took that car apart, and you sold the individual parts of the
car, it would be three, four or five times the actual cost of the car that you paid. So the
manufacturers, they make the biggest profits from spare parts. This is where the biggest profits
come. Not to say they don't make profits when they sell you the car. They do, but they have lowered
their profits. Because were they selling the car at its market value. Based on the high prices that
they've put on the spare parts. It would be many times more expensive. But in order to get you to
buy that car, they have brought the price down. So
		
00:10:00 --> 00:10:31
			This is the trap, you're trapped, you've bought that car. And now the parts in the car are not built
to last forever. Not built to last as long as it possibly can last No, they will put a variety of
parts in there, which are plastic, or not steel, they're aluminum, their weekend, whatever, in order
that it would break down at a certain point and they measure it.
		
00:10:32 --> 00:10:59
			They have machines which test you know, using that part back and forth, up and down, whatever, and
they will know at what point it will wear out. And then they'll give you a warranty, this warranty
or guarantee will run out when that part runs out. So up until that point, it will last for three
years, or the last four or five years, certain parts.
		
00:11:00 --> 00:11:21
			It will work fine. But once five years is up, they've tested the part they know once five years is
up, it's gonna break down, you now have to go and buy that part. This is all deception. This is all
trickery. This is not giving people the value for what they're paying. And this is despised by God.
		
00:11:22 --> 00:11:35
			And this is why a law said, Give full measure. When you measure and weigh with an accurate balance
that is good and better. In the end, it is good for you.
		
00:11:36 --> 00:11:45
			Because your trade then becomes righteous, it's good for the society, the people will benefit from
what you're producing. And they're not cheated.
		
00:11:46 --> 00:12:09
			And in the end, it will be added to your scale of good deeds, and may help you to go to Paradise to
be successful in the life to come. So your business, when you are honest, and you're dealing in this
way, from the Muslim perspective, your business, your trade
		
00:12:10 --> 00:12:22
			is worship of God. It's considered a Bada, an act of worship, when you do it in a way which has been
prescribed by God. So
		
00:12:23 --> 00:12:32
			the best business is the honest business, that we deal with each other in the marketplace, in
honesty.
		
00:12:33 --> 00:12:39
			And with that, we're going to take a short break, and I will see you after the break.
		
00:12:51 --> 00:13:06
			I'd like to welcome you back to our episode of the best in Islam. With regards to business. This is
the main theme of this episode. previous segment
		
00:13:07 --> 00:13:25
			we were looking at the mode of business transaction. And we quoted the verse from Surah Surah, in
which law had said give full measure when you measure and weigh with an accurate balance in another
verse
		
00:13:26 --> 00:14:03
			in Surah, Juma a 62nd surah chapter, verse nine, Allah says there yeah you alladhina amanu either
New Delhi Salatu Miyama Giamatti, falcao illa decorilla weather on bear, the alikum highroad la come
in kuntum tala moon, all believers, when the call for prayer is made on Friday, come to the remember
in civil law and stop doing business that is better for you, if only you knew.
		
00:14:04 --> 00:14:06
			So this element
		
00:14:07 --> 00:14:27
			of remembrance of Allah, which we spoke about in previous episodes about the importance of good
coming from the remembrance of Allah. Allah tells us on Friday, this is the day for our communal
congregational prayer on that day,
		
00:14:28 --> 00:14:45
			at the time of the midday prayer, stop your business and go and pray. It is better for you better in
that you will be reminded of a law of goodness and righteousness
		
00:14:46 --> 00:14:49
			so that when you go back to your work,
		
00:14:50 --> 00:14:51
			you will be
		
00:14:52 --> 00:15:00
			more conscious, more aware. Seeking what is better, what is good this
		
00:15:00 --> 00:15:23
			is the purpose of the prayer ultimately, we spoke about that in previous segments. So we said
earlier, that one who does his or her business in a way, which is in keeping with the teachings of
Islam, then it means that that business itself becomes worship of Allah.
		
00:15:24 --> 00:15:35
			one form of worship of Allah. But there is the actual prescribed formal worship at set times in the
day.
		
00:15:36 --> 00:15:50
			And on Friday in particular, that time should not be abused, by avoidance of prayer, because of
worldly gain.
		
00:15:51 --> 00:15:58
			So Allah tells the believers, that when the call for prayer is given, stop,
		
00:15:59 --> 00:16:03
			stop your trade. Now, this is not the whole day.
		
00:16:04 --> 00:16:38
			Friday is not a holiday. If people decide to stop businesses in general, the general flow of
business and give Friday, as a break day in the week, we call a holiday. It's okay. Societies can do
that. It's not a must. Because it's really only at the time of that midday prayer, which is now
called on Friday Salatu Juma
		
00:16:40 --> 00:17:07
			the Friday prayer, it is only at that time, that they are commanded to give up all business shut
down their businesses and attend. Of course, they're encouraged if the prayer for us or comes, the
prayer for Monday becomes that they do likewise, Allah doesn't speak about those in the Quran.
		
00:17:08 --> 00:17:47
			But we know that when the time for prayer comes, everybody should but there may be circumstances
wherein a business person etc, may be involved in certain deals or whatever. And it may delay them,
you know, they're not obliged to stop in the middle of it and go and pray immediately. For Friday,
yes. For the other prayers, they're encouraged to wind up the business and go and pray. But if they
were delayed, for example, it's possible they can delay the prayer, prayer later because we have a
		
00:17:48 --> 00:18:02
			period of time in which the prayer can be done. The midday prayer can be prayed from the middle of
the day, all the way till the afternoon, two hours, three hours, some countries for hours.
		
00:18:03 --> 00:18:52
			So the prayer can be done at any time in that period. Allah doesn't say this, stop the business,
when they are done for us or comes when the time comes when the time for Asia comes. He doesn't say
this. But he says for Friday, why? Because Friday Prayer is only at that time, the Juma. If you
don't join that Friday prayer, you have missed the prayer, there is no prayer. Otherwise, you may
have to do a midday prayer, which can replace it. But you don't get the reward for the Friday
prayer, once you miss it, you've missed it. And the reward is far greater than that of a regular
midday prayer. So
		
00:18:54 --> 00:18:55
			Allah tells us
		
00:18:56 --> 00:19:06
			that our concern for worship, worship of Allah should be foremost in our minds,
		
00:19:07 --> 00:19:25
			worshiping Allah by obeying Him, with regards to our business, we should know what is involved in
the business what we are selling, we should sell it fairly. We should not cheat our customers in
that way, then
		
00:19:26 --> 00:19:59
			our practice of business will be blessed. And we will be among the best of the business people in
the world and the sight of God. We may not be the best in the sense of profits, our profits will be
less because we're not cheating people. Our profits will be less because we do close our business
when the time for prayer comes so we lose out certain opportunities. But we know ultimately, that
		
00:20:00 --> 00:20:15
			We'll be successful in both this life and the next, our business will be added to our scale of good
deeds, when we are honest and fair, and we remember a law in the course of our business. So
		
00:20:16 --> 00:21:19
			we have, in this episode looked at two basic concepts from the Quran, which address business on one
hand, that we be fair. And just when we are selling our goods, we give people value for money. If
there is defects in our product, we inform the people, we don't cover it over, sell it to them, and
trick them, we give them the best that we can, we should have and make the best product as the
Prophet quoted Allah subhanaw taala saying in the lion head woman, aha deikun either Amina Milena
nutrena, Allah loves from each and every one of you, whenever you do anything, you do it to the best
of your ability. So you're making shoes, or you're making cars, you're making beds, wherever you're
		
00:21:19 --> 00:21:23
			making, you should do it the best you can
		
00:21:24 --> 00:21:28
			not do it with the minimum of effort,
		
00:21:29 --> 00:21:34
			because you want to produce more. So if you don't do it the best.
		
00:21:35 --> 00:21:45
			Instead of making only one, you will be able to make 10. So if you sell 10, you'll make 10 times the
money you would make for one.
		
00:21:46 --> 00:22:18
			But Islam encourages us to do the best. Our customers will be our customers for life, they will know
that we are honest. And we have tried to give them the best. They will be loyal customers, because
we have sought to do the best and to be as fair as we possibly can. And we also are called to
remember that prayer
		
00:22:19 --> 00:22:22
			is more important than anything else.
		
00:22:23 --> 00:22:33
			In particular, the Friday prayer, we have no choice. We must stop our business. Once that call to
prayer comes we have to close it and go and pray.
		
00:22:34 --> 00:22:56
			The rest of the week, we are encouraged to close the business and go and pray. Because ultimately,
the prayer is to make us better business people know that a laws blessing will be on our business,
if we have conducted it in this manner. And with that,
		
00:22:57 --> 00:22:58
			we're going to close this episode.
		
00:22:59 --> 00:23:29
			This episode on business whose contents are not complete, we do have some more guidance from
Revelation with regards to the best in business. But for now we're stopping and we hope to see you
in our upcoming episodes in which we will continue to look at goodness in business. Salam alaykum
warahmatullahi wabarakatuh. Si.
		
00:23:34 --> 00:23:35
			Si
		
00:23:39 --> 00:23:40
			See,
		
00:23:42 --> 00:23:47
			want to acquire authentic Islamic knowledge, but don't know where and how to start.
		
00:23:49 --> 00:23:57
			Islamic online university prevents you with the golden opportunity to study the various branches of
Islamic studies from the comfort of your home.
		
00:23:58 --> 00:24:03
			Now you get to study at your own time schedule and at a pace that suits you best.
		
00:24:04 --> 00:24:16
			IOU is the brainchild of Dr. Bilal Philips, who envisioned an institution that would offer
undergraduate and postgraduate courses online and completely tuition free.
		
00:24:17 --> 00:24:46
			Choose from the widest range of programs that you can ever imagine. bachelors in Islamic Studies,
intensive Arabic program, global Quran memorization program, bridge to Master's in Islamic Studies,
bachelors certificate and Diploma in psychology education, Islamic Finance, Business Administration
and information technology and the crown masters in Islamic Studies.
		
00:24:48 --> 00:24:59
			Our syllabus is based on the bachelors degree program of Medina University, own Derman Islamic
University, Al Azhar University and other reputable Islamic institutions.
		
00:25:00 --> 00:25:06
			Your journey to acquire Islamic knowledge is just a click away. io U is globally accredited.
		
00:25:08 --> 00:25:27
			No traveling required. save time and money. Study according to your own schedule, assignments, tests
and exams conducted online to help you Ace each course. audit stream for those who have no time for
exams, textbooks and Islamic resources are completely free.
		
00:25:29 --> 00:26:06
			Study under the guidance of highly qualified scholars enlighten yourself with the power of
knowledge. get access to live sessions, lectures, audios and much more. Customize your own study
plan and pick anywhere between two to nine courses per semester. If you are looking for something
even more flexible, do not despair. We have got you covered. IOU offers a completely free online
diploma consisting of more than 35 courses. Say goodbye to time constraints. Join the world's first
tuition free Islamic University with a massively diverse student body from around the world.
		
00:26:09 --> 00:26:11
			Islamic online university is
		
00:26:12 --> 00:26:14
			changing the nation through education.
		
00:26:16 --> 00:26:24
			Register now and get started. Visit www.io u.edu gm for more details.