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Fahad Faruqui

Fahad Faruqui

Posted: August 10, 2010 03:01 AM

Stock returns are nine times greater during Ramadan than the rest of the year, a recent study says. While I knew about the rise in spiritual stock and inner revolution that can result from abstinence and purification of the soul, the upside to a financial portfolio was news to me. It's an intriguing way to balance faith and worldly affairs -- it seems fasting pays dividends of all kinds.

"Ramadan is part of the Muslim culture of resistance to the mindless consumerism of our time," Abdal Hakim Murad, a Muslim scholar and lecturer at Cambridge University, wrote to me in response to my question about the true meaning of Ramadan. "Only by a tough discipline of self-control can we learn detachment, thus experiencing inner calm, and challenge the ideology of greed which is threatening the planet."

This got me thinking. In addition to causing stock rallies, Ramadan is mostly a month of internal battle against the desires of flesh. For me, abstaining from my usual dose of morning coffee is one of the many challenges I face. Fasting is not as simple as not eating and drinking from dawn to dusk -- the practice helps break away from the enslavement of habit-forming vices.

Strengthening the will to abstain from what's lawful during the month of Ramadan can be a precursor to being steadfast in refraining from what's forbidden throughout the year. The effect of fasting on mind and soul varies, and it depends on one's sense of purpose. A prominent scholar of Islam, Faraz Rabbani, made an interesting observation: "Some fast for God. Some fast because it is good. Others fast for the joy of breaking their fast. (Then, they indulge...)."

For those who understand fasting as a form of starvation, sundown is the time for indulgence. My journey through Ramadan and its meaning has changed over the years. The more I have thought through the reasons why I fast, the more I have come to see that the act of giving up morsel is a process of spiritual purification. I didn't fully grasp the concept of purification of soul until I meditated on the nature of nafs (lower "self") and its numerous manifestations. Now, the challenge is to reign over the desires that disconnect the "seeker" from the Divine.

This battle with nafs will continue until my cadaver is cold, but Ramadan is yet another opportunity to polish the soul. Besides my coffee dependency, hierarchy of wants and search for profitable stocks (pun intended), there are questions that I need to answer through meditation during Ramadan: Will I forgive those who wronged me and make amends to those I have wronged? Will I covet material things or be content with what I have? Will I restrain my glance from bodily allure? And, more importantly, will I help the needy, like the Pakistan flood victims, or cling to every dollar I have?

Reading the Parable of the Old Man and the Sock by Irving Karchmar, a dervish and novelist, made me reflect (once again) on the ephemeralness of life. It tells the story of a wealthy man who instructs his son to put a sock on his dead body, knowing the preparations for Islamic burial doesn't allow more than a white shroud. The father wanted the son to learn a lesson that one should remember at all times: We come to this world alone and we depart alone, leaving behind each and every material thing we strive for, taking with us only the stock of deeds.

 

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Stock returns are nine times greater during Ramadan than the rest of the year, a recent study says. While I knew about the rise in spiritual stock and inner revolution that can result from abstinence ...
Stock returns are nine times greater during Ramadan than the rest of the year, a recent study says. While I knew about the rise in spiritual stock and inner revolution that can result from abstinence ...
 
 
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10:25 AM on 08/18/2010
So I read the linked article discussing investor optimism during Ramadan, but don't know if I grasp the other half of the 'stock' pun. Is 'stock of deeds' simply your particular wording, or is it a phrase routinely used as, say, 'works' is used by the Christian community? Is there a pertinent scripture? Just curious. Thank you.
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HUFFPOST BLOGGER
Fahad Faruqui
04:10 AM on 08/19/2010
Thanks for your comment. That's not exact phrase from the scripture. But there are verses that suggest the devotees to do good deeds. Hope that answers your question.
03:23 AM on 08/20/2010
It does. Thank you, as always, for your quick response.
08:25 PM on 08/12/2010
"We come to this world alone and we depart alone, leaving behind each and every material thing we strive for, taking with us only the stock of deeds."

That is a true & beautiful thought for a Muslim or a person of any other or no religion. Fahad Faruqui, you've definitely got a new fan. Thank you for giving me something very good to think about tonight.
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HUFFPOST BLOGGER
Fahad Faruqui
12:39 AM on 08/13/2010
Thank you so much for your kind words. I urge you to meditate on the mortality of human life as often as possible. Do share your thoughts.
09:43 PM on 08/11/2010
But will all of this nonsense get you those seventy virgins, Fahad? If not, I'd just as soon stick with my god, the Tooth Fairy. At least I can expect some change under my pillow should I have to reliquish a pulled molar.
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HUFFPOST BLOGGER
Fahad Faruqui
11:55 PM on 08/11/2010
Greetings! If Tooth Fairy brings you inner peace, I am happy for you. On a personal note, the purpose of my meditations (as mentioned in my article) is to seek God. But, now that you remind me of (metaphorical) rewards, I'll intensify my prayers.
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HUFFPOST SUPER USER
The-Philosopher
11:35 PM on 08/10/2010
Great article.
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HUFFPOST BLOGGER
Fahad Faruqui
02:06 AM on 08/11/2010
Very nice of you.
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HUFFPOST COMMUNITY MODERATOR
Weirdwriter
03:48 PM on 08/10/2010
A really interesting piece. Thanks, Mr.Faruqui.
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HUFFPOST BLOGGER
Fahad Faruqui
02:06 AM on 08/11/2010
My pleasure.
12:22 PM on 08/10/2010
Beautiful
01:53 PM on 08/10/2010
Beauty is in the eye of the beholder. "...causing stock rallies..." Looks like Muslims are buying stocks instead of fasting...
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Fahad Faruqui
02:06 AM on 08/11/2010
@rhf123: Thanks.
11:21 AM on 08/10/2010
thank you for posting
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HUFFPOST BLOGGER
Fahad Faruqui
02:18 AM on 08/11/2010
Thank you for reading.