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3 comment(s). Last comment by EngineeringProfit 3 weeks ago
Posted by EngineeringProfit > 3 weeks ago | Report Abuse
Islamic jurisprudence opposes monopolistic practices as they distort markets and harm consumers. The Prophet condemned monopolies, emphasizing that they create economic imbalances by driving up prices and limiting access to resources. Compulsory certification could create a monopolistic environment where a single authority controls the standard, thus violating this principle.
Posted by EngineeringProfit > 3 weeks ago | Report Abuse
DOING MORE HARM THAN GOOD: Social Fragmentation and Coercion: Compulsory halal certification for all eateries could alienate non-Muslim business owners and create unnecessary division in a pluralistic society like Malaysia. Islam promotes harmonious co-existence and respect for diversity. Imposing a blanket requirement may be viewed as coercive, potentially straining social unity.
Posted by EngineeringProfit > 3 weeks ago | Report Abuse
Market Domination and Exploitation: In a monopolistic environment, the controlling entity can set higher fees or engage in exploitative practices. This contradicts the Islamic principles of justice, fairness in trade, and the prohibition of exploitation, such as gharar (uncertainty) and riba (unjust gains).
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Posted by EngineeringProfit > 3 weeks ago | Report Abuse
Enforcing compulsory halal certification across the board could inadvertently foster a monopolistic structure, undermining both economic justice and societal harmony, both of which are fundamental to Islamic teachings.