December 28

Mudarabah: The first Mudaarib and Rab al Maal

Ancient Trade Caravan in Arabia“Its a matter of history about Mudarabah1. I am sure that you know that who is the first and the best Mudaarib2 in the Islamic history? The first and the best Mudaarib in the Islamic history was Prophet Muhammad (صل الله عليه و سلم). And who was the Rabb-al-Maal3? It was Syeda Khadijah4 (رضي الله عنها). So the first business woman in the Islamic history was Khadijah (رضي الله عنها). That was 1400 years ago, long before women in the west or US were allowed to own & check accounts, have the right to write cheques and manage their own resources. Only in the last 100 years they started to have these rights in the west5. But in the Islamic history, women have this right since centuries and centuries ago.” Continue reading