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In modern secular economic systems interest plays a very important role. In fact, in the Western world people cannot think of any economic system without interest. From a theoretical standpoint, interest has been a debatable subject among economic and political theorists. They often stress the point that money capital cannot be treated as capital goods on the same basis as productive factors. It is pertinent to remark here that lending of money for interest was abhorred and, in most cases, prohibited by all the monotheistic religions.
‘Muallim’ is a Muslim lifestyle magazine, which addresses the religious concerns of Muslim families across the world. Muallim primarily addresses issues regarding Islamic education and moral upbringing, spirituality, creed, and jurisprudence. Our insightful and thought-provoking feature articles address a variety of subjects related to our daily lives and lend a Muslim perspective to the issues and concerns of our modern lifestyles. We aim to impart Islamic knowledge, linking Islamic practices to a true and genuine scholarship in a way that is relevant & compatible with contemporary living. This is an effort to enrich lives of all stratums of society by reinforcing true and meaningful Islamic values that respect every individual's rights.