Success and Blessings, Here Are 8 Recommended Ways to Trade in Islam (2024)

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In Islam, trading is a noble occupation. Trading is highly recommended to obtain blessings, lawful profits, and avoid poverty.

Even so, we need to know that trading in Islam must be done in a good and right way, in accordance with the applicable Islamic law.

BFI friends, do you know how to trade in Islam that is good and right? If not, come on, let's see more in the following description.

1. 8 Ways to Trade in Islam

There are 8 ways to trade in Islam that we should know so that the business we are engaged in is always blessed by Allah SWT.

1.1. Intend Because of Allah

Apart from the intention to seek sustenance, make sure that the intention to trade in Islam that you have is solely because of Allah SWT.

1.2. Instill Honest Nature

Always try to be honest and transparent when trading. Trading in Islam must be done honestly and avoid practices that are not supposed to be done.

Honest is one of the characteristics of the Prophet Muhammad namely 'Siddiq'. One of the honest behaviors in trading is not exaggerating the results of the existing scales and not lying about the condition of the goods being sold.

1.3. Selling Halal Goods with Good Quality

In accordance with the principles of Islamic law, avoid all forms of transactions that are forbidden such as usury, gambling, and so on. Be sure not to sell defective or damaged items. Instead, sell quality goods so that buyers feel happy and you also benefit from every transaction.

1.4. Take Reasonable Profits

It's no secret that one of the goals of selling is to make a profit. Even so, take reasonable profits so that your sales results can be a blessing.

The wise way to take advantage is to take into account costs in terms of production, raw materials, marketing, and so on. With you taking reasonable profits, buyers will also be satisfied to shop at you.

1.5. Be Friendly and Polite To Buyers

The next way to trade in Islam is by prioritizing good service such as being friendly and polite to buyers. One example is by not discriminating between buyers based on gender, social status, or the number of items purchased. Try to keep providing good and the same service.

On the other hand, friendly and courteous service can make buyers feel comfortable and satisfied to buy at your place. A friendly and polite attitude also makes customers feel valued.

1.6. Compete in a Healthy Manner

In trading, competition is something that is very reasonable. Meanwhile, make sure to compete in a healthy manner. Some of the ways you can compete in a healthy manner are to provide good quality service, sell quality goods at competitive prices, and apply the right marketing strategy. In short, put service and quality first.

1.7. Use a Marketing Strategy

Trading should be accompanied by the use of marketing strategies to target more customers according to the predetermined target market.

In addition, think creatively and innovatively to adapt existing marketing to today's developments. If you have this, it is not impossible that the business you have is able to run well.

1.8. Keep Trying, Never Give Up

Allah SWT always commands us not to give up easily and always strive in every step. As stated in the Qur'an, "And do not despair of Allah's mercy. Indeed, those who despair of Allah's mercy are only those who disbelieve." (QS. Yusuf: 87).

Therefore, keep trying and don't easily give up on the various obstacles that are in front of us, because indeed Allah will not test His servant beyond his limits.

2. 5 Benefits of Trading in Islam

In addition to obtaining profits in the form of assets that can be used to live a life and share with others, trading in Islam also has a number of other benefits, including the following.

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2.1. Improving Economic Welfare

By trading, you can improve economic welfare, such as meeting primary needs and other needs that are important for the survival of you and your family.

2.2. Practicing Independence

Trading is able to train one's independence. The reason is, you are required to be a versatile person and able to lead the business that you are currently living. This includes implementing various strategies and innovating so that the business is able to compete with competitors in its field.

2.3. Expanding Connections and Establishing Hospitality

Trading allows us to meet many people from all walks of life with different backgrounds. This of course can be a great opportunity to expand your business reach and learn many things from others. The more people you know, the more knowledge you will get.

2.4. Sharpen Entrepreneurial Ability

By trading you can explore your potential, one of which is entrepreneurial ability. You will learn how to manage a business so that it can run well.

2.5. Obtaining Blessings

Trading in Islam is a noble and positive action to take, especially if it is well-intentioned. As is the case with selling goods at reasonable prices, competing in a healthy manner, to opening jobs for other people.

Islam teaches us to always do good to others and all living things on earth. Without a doubt, in Islam giving work opportunities to others is a good practice.

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FAQs

Success and Blessings, Here Are 8 Recommended Ways to Trade in Islam? ›

A Muslim can trade in those goods and commodities only the use of which has been declared to be Halal (lawful). There can be no trade and traffic in things the use of which is proliibited by Islam. For example, there can be no trade in wine, swine, dead bodies of animals and idols.

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What is the Islamic way of trading? ›

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What were 6 of the most important trade goods Muslims traded in? ›

These could include sugar, salt, textiles, spices, incense, ivory, slaves, gold, horses, and the namesake of the main trade route: silk.

What are the 5 blessings of Islam? ›

Ibn Abbas reported: The Messenger of Allah, peace and blessings be upon him, said, “Take advantage of five before five: your youth before your old age, your health before your illness, your riches before your poverty, your free time before your work, and your life before your death.”

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Why were Muslims successful traders? ›

Muslims were known to have a commercial talent notably encouraged by Islam, as well as excellent sailing skills. Thus, they could monopolize the East-West trade of the maritime Silk Roads, connecting various major ports of eastern Asian regions together.

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Which type of trading is halal in Islam? ›

Commodity Trading: Trading in physical commodities, such as gold, silver, oil, and agricultural products, is generally permissible as long as the transactions are conducted in a spot basis (hand-to-hand) and without excessive uncertainty or speculation.

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How did Islam help with trade? ›

The trade-friendly elements of Islam, such as credit or contract law, together with the information networks it helped create, facilitated long-distance trade. By the 10th century, merchants to the south of the trade routes had converted to Islam. In the 11th century CE the rulers began to convert.

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What good did Muslims exchange on trade routes? ›

The convergence of these routes created a unique setting for cultural exchange, as merchants, mercenaries, nomads, and pilgrims came into constant contact along these networks. Luxurious silks, spices, incense, and the like counted among the Byzantine and early Islamic period's most desired goods.

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What were 3 items that Arabs brought to trade? ›

Persian rugs and Carpets were common trade goods, lemons, olives, olive oil, medicine, many things from North Africa to the far east were traded by Arabs.

What are the 7 types of blessings? ›

There are SEVEN SUPERNATURAL BLESSINGS that God wants to release to those who honor Him: Atonement

DOUBLE PORTION (Joel 2:23)
FINANCIAL ABUNDANCE (Joel 2:24)
RESTORATION (Joel 2:25)
MIRACLES (Joel 2:26)
GOD'S DIVINE PRESENCE (Joel 2:27)
BLESSING'S UPON YOUR FAMILY (Joel 2:28)
DELIVERANCE (Joel 2:32)

Aug 19, 2021

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Do Muslims believe in Jesus? ›

Muslims do not worship Jesus, who is known as Isa in Arabic, nor do they consider him divine, but they do believe that he was a prophet or messenger of God and he is called the Messiah in the Quran. However, by affirming Jesus as Messiah they are attesting to his messianic message, not his mission as a heavenly Christ.

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What are the 5 blessings? ›

Chinese culture: five blessings, also known as the "Five Happiness" or "Five Good Fortunes", which refer to longevity, wealth, health and composure, love of virtue, and the desire to die a natural death in old age (or timely death).

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What was traded in the golden age of Islam? ›

Some of the goods being traded through Baghdad were ivory, soap, honey, and diamonds. People in Baghdad made and exported silk, glass, tiles, and paper. The central location and lively trade culture of the city made a lively exchange of ideas possible as well.

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When was the Islamic trade? ›

After about 700 CE, anyone traveling along the Silk Road, across the Sahara, or sailing across the Indian Ocean and Mediterranean would go through places where Muslims ruled or traded. Hubs like Baghdad, Cairo, and Samarkand were smack dab in the middle of it all, connected by land routes and sea lanes.

What was the golden age of trade? ›

The period from 1890 until World War I (1914–1918) is sometimes referred to as a “golden age” of international trade. Those years saw dramatic improvements in transportation, such as the steamship and the railroad, that allowed for a great increase in the amount of international trade.

Is trading okay in Islam? ›

The Quran states that "Allah has allowed trading and has forbidden usury" (2:275). Usury, or riba, refers to the charging of interest, which is considered to be exploitative and unfair. As such, any trading that involves interest payments, such as conventional banking, is prohibited in Islam.

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What are the rules of Sharia trading? ›

Muslims have to trade ethically, screen investments, avoid prohibited sectors/instruments, pay zakat, and minimize speculation in order to comply with Islamic finance rules. With the availability of Islamic accounts, screening tools, and halal brokers today, Muslims have more shariah-compliant trading options.

How did Prophet Muhammad trade? ›

The Prophet (PBUH) was engaged in trade in order to maintain his life, indeed during his youth, he had participated in caravans with his uncles and made commercial trips to Syria and Yemen.

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