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Islamic teachings on the acquisition and ownership of property

      

Islamic teachings on the acquisition and ownership of property

  

Answers


samuel
Every person has a right to acquire and own property legally;
Islam sanctions acceptable ways of acquiring property i.e, in trade, inheritance, gifts and work.
Islam prohibits illegal ways of acquiring property e.g hoarding, monopoly and charging interest.
Islam forbids one to take what belongs to others without their permission e.g stealing, robbery or deceit.
All property belongs to Allah and is held in trust by mankind.
One should pay religious dues on property such as Zakat.
A person should avoid extravagant use of resources and property.
One should use his property for the benefit of the community.
A person should avoid the usage of property for harmful purposes.
One should not acquire harmful things and substances e.g wine, narcotics, magical tools etc.
One should abide by the rules and laws of the country in ownership and acquisition of property e.g. in Kenya it is prohibited to own elephant tusks.
lemass answered the question on March 12, 2019 at 18:16


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