Renowned Islamic scholar, Dr Saudulla Ali has emphasised that Islam places paramount importance on justice within the economic system, warning against financial practices that lead to exploitation and social harm.
Speaking at the Ihya Forum series, organised by the Ministry of Islamic Affairs to revive and enrich the nights of Ramadan, Dr Saudulla delivered a powerful lecture on the topic of gambling, ponzi and pyramid schemes, shedding light on the Islamic perspective on prohibited financial activities.
He stressed that Islam prohibits any action that causes harm to oneself or others, clearly distinguishing between halal and haram in economic dealings. Highlighting gambling as a prime example of economic injustice, Dr Saudullah stated that it is a system in which one party gains at the unjust expense of another, without any real productive exchange—calling it an “act of Shaitaan” repeatedly condemned in the Holy Qur’an.
He warned that such practices not only undermine individual morality but also erode the social fabric, leading to increased crime, diminished productivity, and the breakdown of families. From an Islamic Shariah perspective, he explained, the prohibition of gambling serves to protect wealth, prevent enmity, and uphold societal harmony.
Dr Saudullah asserted that Islam seeks to establish a just, ethical, and balanced economic system, urging the people to adhere to Islamic principles in all financial matters to safeguard both personal integrity and societal well-being.