MV: I got this post from Islamic-world.net. It explains and gives an understanding of that Muslims are free to indulge in their life in any means as long as they do not cross the line with something prohibited.
According to a contemporary Muslim Scholar, Dr. Yusuf al-Qaradawi in his book entitled The Lawful and the Prohibited in Islam (English translation) pg. 14, “Nothing is haram except what is prohibited by a sound and explicit nas from the Law-Giver, Allah Subhanahu wa Ta’ala.” A footnote on the same page explains “nas” as “either a verse of the Qur’an or a clear, authentic and explicit sunnah (practice or saying) of Prophet Muhammad”.
Insurance practitioners should not have any problems appreciating this concept as it is similar to “All-Risks” insurance where every risk is covered, unless specifically excluded. This goes to show that Islam is not as restrictive as some people think it is.
Dr. Qaradawi also points out that “the sphere of prohibited things is very small, while that of permissible things is extremely wide.” A good example of this is food where Muslims can eat most things except the few things prohibited either in the Qur’an or Sunnah.
The same book went on to quote the following a saying of Prophet Muhammad (saw) which was reported by al Hakim and translated as follows: “What Allah has made lawful in His Book is halal and what He has forbidden is haram and that concerning which He is silent is allowed as His favor. So accept from Allah His favor, for Allah is not forgetful of anything. He then recited ‘And thy Lord is not forgetful’ ” Qur’an (19:64).
It should be noted, however, that this principle of natural permissibility is not only limited to things and objects but also covers all human actions and behaviour relating to worldly affairs such as doing business (mu’amalah). Muslims are therefore free to indulge in all forms of business as long as they do not transgress into areas which are specifically forbidden.
However, with regards to acts of worship (ibadah), the principle is limitation (tawqeef) which means that nothing is permissible unless it has been prescribed either in the Qur’an or Sunnah. In this context, Prophet Muhammad (SAW) was reported to have said ” Any innovation in our matter (worship) which is not a part of it must be rejected” (translation of a hadith agreed upon by al Bukhari & Muslim).