*Assistant Professor, Department of Business Administration, Federal Urdu University, Gulshan-e-Iqbal, Campus, Karachi
**Assistant Professor, Department of Management Sciences, DHA Suffa University, Karachi
***Assistant Professor, Institute of Business and Technology, Karachi
Online published on 15 February, 2014.
Quran has divided human income in two main categories. First the income which is result of human labor, this type of income will be termed as earned income. Second type of income is that which is not the result of human Labor, it will be termed as unearned income. Second type of income is further subdivided by Quran in two parts, one is al-riba, which represents the reward of all assets and second is batil income which consist of all those sources of income which are considered as illegal sources e.g. corruption, fraud, cheating, black marketing, theft and exploitation etc. Quran has permitted only the farmer (earned income) and prohibited each & every unearned income (al-riba and batil income both).
Quran, Verses, al-riba, Illegal Income, Prohibited
