Sheikh Omar Suleiman giving a talk about the serious dangers and consequences of Riba (interest) on Thursday, June 7, 2012 at the East Plano Islamic Center (EPIC).
whatever you do you still doing riba cause our country is doing it that why the value of our countries monetry is geting up or falling down alah yaghfaralna inchaallah
Salam @barisyed , thank you for sharing your experience! I am interested into talking to people about their experiences with leaving Riba especially the one based loans. Would you be able to share your story , how Riba affected your life, and how leaving it affected your life too. I look forward to collect real life experiences and share them as learning lessons! Thank you in advance!
@@riseyourvibration9669 yes for example if you look at the banking systems today even if we ourselves don't have savings accounts or checking accounts that accrue interest, the banks themselves all deal with interest. So whether we say it or not the riba still touches us in some way or another
@@sheena3913 Thank you. I see what you mean. I think it's very important as Muslims to create alternatives. Muslims are struggling because of those issues of interest/riba, it’s a whole system all over the world even in some countries with high percentage of Muslims. There should be ways, easy ways to get halal credits, halal housing loans, halal cars loans, halal investing.
Here are 28 Tips revealing how you can earn the mercy of Allah, earn a position in Jannah, have your prayers answered and earn multi-billions to trillions of good deeds and in conclusion please Allah: 1. Whoever recites Ayatul-Kursi (Surah @5) immediately after each prescribed prayer, then nothing can prevent him from entering Paradise except death! - Memorise and recite this ayah if you want Jannah. There are other virtues to Ayatul-Kursi! 2. No one will enter paradise because of his good deeds but because of Allah’s mercy (Bukhari) - Always beg for the mercy of Allah and repent for taking any wrong path. His mercy you will earn as Allah is Al-Afu (The Most Forgiving). One of the best times for this is prayer times. Note: Those who are merciful will be shown mercy by the Most Merciful. Be merciful to those on the earth and the One in the heavens will have mercy upon you (Tirmidhī 1924) 3. Whoever performs wudhu (ablution) and does so well, and then says: “Ashhadu al-la ilaaha illallaah wahdahu la shareeka lahu wa ashhadu anna Muhammadan 'abduhu wa rasuluhu” all 8 gates of Paradise are opened for them and they can enter from whichever they wish! (Sahih Muslim) - Wudhu in itself has many virtues to help you enter Jannah. 4. Whoever prays the two cool prayers (Asr and Fajr) will go to Paradise. (Sahih al-Bukhari). - NEVER miss any of your daily obligatory prayers. Each participates enormously in making you among those who enter Jannah. For sure you wouldn’t miss one of the 5 pillars of Islam? 5. Perform the 12 key important Sunnah mu’akkadah rakats. It is stated that: "Whoever prays twelve rakats in a day, a house will be built for him in Paradise (Sunan an-Nasa'I Vol 2. 1811) 6. Perform The Night prayers such as Tahajjud or Qiyam ul layl. Research why & see their virtues . 7. OF COURSE AS A MUSLIM YOU SHOULD KNOW AND NEVER IGNORE THE 5 PILLARS OF ISLAM ALONG WITH THE 6 PILLARS OF FAITH 8. Whoever asks Allah for Paradise 3 times Paradise will say, ‘O Allah, admit him to Paradise.’ Whoever seeks protection from the Fire 3 times, Hell will say, ‘O Allah, protect him from the Fire.’ (al-Tirmidhi, 2572) 9. Whoever calls the Adhan for 12 years, Jannah will become mandatory for him. (Sunan Ibn Majah). - If this is so perform the Adhan even when you pray alone! Note: A female doesn't perform the Adhan 10. After every prayer you can In sha Allah have wrong actions forgiven even if they are abundant as the foam on the sea. For this when you are performing the Tasbih say: Subhana'llah 33 times and Allahu Akbar 33 times and Al-hamdu lillah 33 times, and seal the 100 with La ilaha illa'llah, wahdahu la sharika lah, lahu'l mulku wa lahu'l hamd, wa huwa ala kulli shay'in qadr (Muwatta Imam Malik) - Allah is Al-Afu (The Most Forgiving). He shall Insha-Allah bless you with his mercy 11. Laa 'illaha 'illallahu wahdahu la shareeka lahu, lahul-mulku wa lahul-hamdu, wa Huwa 'alaa kulli shay'in Qadeer Subhaanallahi, walhamdu lillaahi, wa laa 'ilaha 'illallahu, wallaahu 'akbar, wa laa hawla wa laa Quwwata 'illaa billaahil-'Aliyyil-'Adheem, Rabbighfir lee - Whoever says this will be forgiven, and if he supplicates Allah, his prayer will be answered; if he performs ablution and prays, his prayer will be accepted. (Al-Bukhari, cf. Al-Asqalani, Fathul-Bari 3/39, among others. The wording here is from Ibn Majah 2/335) - 12. Allah's Messenger went to bed, sleep on his right side and then say, "All-ahumma aslamtu nafsi ilaika, wa wajjahtu wajhi ilaika, wa fauwadtu `Amri ilaika, wa alja'tu zahri ilaika, raghbatan wa rahbatan ilaika. La Malja'a wa la manja minka illa ilaika. Amantu bikitabika al-ladhi anzalta wa nabiyyika al-ladhi arsalta! Allah's Messenger said, "Whoever recites these words (before going to bed) and dies the same night, he will die on the Islamic religion (as a Muslim). [Bukhari] 13. When you beg Allah for his mercy for all your sins ensure that you also beg for his mercy for any SHIRK that you may have committed knowingly or unknowingly in your life. After a person dies, they will not be forgiven for shirk. The only chance of forgiveness for shirk is if one repents BEFORE they die. 14. Indeed, anyone who fasts for 1 day for Allah's Pleasure, Allah will keep his face away from the (Hell) fire for (a distance covered by a journey of) 70 years (Bukhari)! - Fast regularly e.g. Mondays and Thursdays. 15. Fast in Ramadan as it is one of your 5 pillars and continue on with fasting in the 6 days of Shawwal where it is Sunnah for you to fast in which you get a blessing of fasting for a lifetime (At-Tirmidhi) - Imagine the good deed behind fasting for only 6 extra days 16. Whoever takes a path in search of knowledge, Allah will make easy for him the path to Jannah (Jami` at-Tirmidhi) 17. Whosoever last words are: La ilaha illa Allah, will enter Paradise. (Sunan Abu Dawud). Beg Allah every day to make these your last words. Allah shall respond to you as he is Al-Mujeeb (The Responsive)! Never quit begging Allah! One of the best times to beg Allah almighty is when you beg Allah almighty for something in the times of obligatory prayer. 18. If you want a very high position in Jannah beg Allah to be blessed with one of the best positions of Jannah-Al-Firdaws. BEG IN ALL YOUR OBLIGATORY PRAYERS and other good times about 3 times or more. NEVER STOP this! You will In sha Allah get a response of a Yes. Many reasons for this e.g. Allah is Ar-Razzaq (The Provider) he shall provide you with the good answer 19. Recite Durood/Salawat regularly. Many virtues from a Durood. Many different Duroods available to recite with great benefits to increase your chance of entering Jannah. Research them. Reciting a Durood is showing love for our Prophet (PBUH)! 20. Most beloved deed to Allah is that which is done regularly even if it is small. Perform a specific good deed regularly for example reciting a specific surah of the Holy Quran every single day. One example is Surah al-Fātiḥah: gives a reward of reciting 2/3 of the Quran which is equal to about 2,157,807 Good Deeds (rounded up & from the view that Quran has 323671 letters). 21. The Messenger of Allah (PBUH) said: ‘Whoever reads Surah al-Kahf on the day of Jumu’ah, a light will shine for him from beneath his feet to the clouds of the sky, which will shine for him on the Day of Resurrection, and he will be forgiven (his sins) between the two Fridays. 22. There is a surah in the Qur'an, with 30 verses, which will intercede for its companion (the one who recites it) until he is forgiven (Surah Mulk) (Sunan Ibn Majah) - Recite this surah every day. If you do so you will gain the mercy of Allah (a solid help to enter Jannah) 23. Allah has 99 names, 100 less one. Anyone who learns them will enter Jannah. (Al-Bukhari and Muslim) - By definition: Memorizing the names, understanding the meanings, acting in accordance with their implications and calling upon Allah by them will earn you a position in Jannah. 24. One can earn good deeds even after death: “When the human being dies, his deeds come to an end except for 3: ongoing charity, beneficial knowledge, or a righteous child who prays for him.” (Sahih Muslim 1631) - Note that the beneficial knowledge is one of the 3 ways to earn good deeds even after death. For this give all out there your beneficial knowledge of Islam to help them for their afterlife. Whenever they practice what you teach them you gain good deeds. Even if you pass away you gain good deeds because the help you gave out will Insha-Allah be spread out for generations and you would gain good deeds whenever anyone practices from the help you once gave out after it reaches them due to you. Imagine earning multi-billions to trillions of good deeds In sha Allah!!! Your position in the afterlife will be Jannah from something simple you do. So why not do it? 25. Subhan Allah wa bihamdihi (Glory be to Allah and Praise Him) - Whoever says this 100 times a day, will be forgiven all his sins even if they were as much as the foam of the sea (Bukhari) - Recite these strong words every day and In sha Allah the mercy of Allah you would gain (a solid help to enter Jannah). There are other virtues from reciting this (one more listed below). 26. Subhan-Allahi wa bihamdihi - He who recites this in the morning and in the evening 100 times, will not be surpassed on the Day of Resurrection by anyone with better deeds than one who utters the same words or utters more of these words [Riyad as-Salihin Book 16 Hadith 44 - Collected from Muslim] - Imagine bringing Multi-Billions of good deeds or even trillions in the day of judgment for something so simple. Just start and don’t quit (recite everyday). 27. Earn the strong supportive Dua of Your Parents for your afterlife 28. REMAIN IN THE RIGHT PATH ALL YOUR LIFE (avoid doing major and minor sins etc) Please share this so that other muslims can benefit and learn from this list. And Allah azzawajal will reward you. Copy and paste from here: Please share for the sake of Allah! justpaste.it/9et6a
Why would Allah care about a lot of meaningless ritual mumbo jumbo? Number 2 and number 4 are contradictory. from the 4th line of your text - "nothing can prevent him from entering Paradise except death!" - well, I guess that leaves all of us out!
Alhamdulilah may Allah keep us away from. Ribba and protect us and our communities from its evil. I'm so happy that I have my first child and I never even had an account before. No bank lending or anything.
It has to be a halal way to get everything you need. Muslims must live comfortably, they must be wealthy! It’s vital! It will give them voices, power, better education, time to focus on what's more important. How do they do it in Muslim advanced countries like Saudi Arabia, Dubai, Kuwait, Brunei, Libya, Turkey. Muslims can’t be the one that people always helping. It’s not ok. It doent make any sens. You are a better muslim with money in your pocket and food to put on the table. People are not financially educated. Muslims should not be poor and struggling with money. They need to know what the alternatives are, where to go, who to talk with. It should be easy not difficult. We need be honest with our brothers and sisters, and tell them how we did it. How did you get a house with no Ribba involve? How did you get the car you are driving? How comes you are in Real Estate Investing, buying and selling houses? Who are your money lenders? Don’t just let your fellow brothers and sisters struggling and end up in the haram system. Everybody has responsibilities if you know the halal way and keep it for yourself. Muslims are doing all types of business and making billions of dollars. We just need to copy the same halal system.
32. What is the life of this world but play and amusement? But best is the home in the hereafter, for those who are righteous. Will ye not then understand?33. We know indeed the grief which their words do cause thee: It is not thee they reject: it is the signs of Allah, which the wicked contemn.
I cut trees for a living making 33$ an hour I live fine tiny home all paid cash up front saved small bit of land saved money takes 5 years to save 120,000$ wuth 2,000 a month decide if extravagant living is deeded I have extra to give to the needy alhumdulilah now I don't have big rent 40,000 for my house tiny homes garden it's nice eat halal all organic and dud not finish high school no loans it's haram
Don't get distracted by the glitter and glamor of thus world it's a distraction and a temptation a fitnah base desires live simple and dint change Islam for desire of worldly things to call halal haram shirk is dangerous ♥ walk away from those haram businesses sister halal is blesses and better walahi
I shared my way I'm alhumdulilah happy wuth this way save money live in a van simple for 5 years while you work hard at halal job lumber mill and get gym membership to shower and stay healthy n clean save from 18 till 23 0r 25 you will have land and home garden and be ready to save for mahr and have family inshaaallah this is beautiful and halal in USA our taxes to Israel and military is not but inshaaallah USA in falling maybe we become Muslim nation one day
I own student loans that I can't pay back 😭😭 please brothers and sisters make dua for me that Allah gives me a way to pay back before I die. Thank you.
I want to ask a question which I notice in North America Canada that Muslims buying churches on RIBA transaction and converted into the Masjid ...so it's halal to give charity to that Masjid for Payoff...which build on RIBA transaction...plz answer my question .I am very confused..
At the end of the 20th minute ( ie, just before the 20:00 mark) he just said something I have never heard a scholar say before and have been waiting to hear for a long time...
EatTheScroII tell that to Ancient Rome lol. Beheading people is a painless death, unlike your death row poisoned needles or electric chair. Ok school boy
Very informative lecture by the Sheikh. I have a question on Ikhtisaad. Let's say I buy something from someone A with 100 dollars. And then I make a contract with someone else B that I will sell it to him and he will pay me back 120 dollars over a course of 6 months. According to the Sheikh, this is Halal. Now my question is what happens if due to some unfortunate reason, the person B is unable to pay be back the 120 dollars within a course of 6 months? Let's say he is only able to pay 80 dollars up to then. How is the issue of the remaining 40 dollars resolved in a Halal way? Jazakallah in advance.
This is one of my concern too... Maybe it would've been addressed in the Q&A session which is missing in this video. If anyone happens to have a link to the Q&A part of this video please share the link.
Dr Zakir Naik said that Credit Cards from conventional banks are Riba. He said even if you pay your bills on time it’s still Haram! Because you’ve signed a contract with the bank that says you will pay interest when you miss a payment!!! He said all credit cards from conventional banks are Riba and Haram!
I have a question, In my place of work we have a co-op for employees wherein the employer issues out small loans on a monthly basis. these loans are to be repaid with interest. as the accountant i am in involved in the process of forwarding applications to the employer, writing the cheques and making monthly deductions (with interest) off the employees salary. "borrows it, witnesses it, and the one who writes it and they are on the scale all equal"- this has really got me concerned, but there is no alternative i can think of to my situation. can some one please help me. what should i do? n.b. ive never taken a loan from my boss because of the interest repayment involved,
Make dua so that Allah SWT finds a way for you brother ! We as Muslims have got to find a way out of this riba based system brother ! You being aware Mashallah is also a blessing from Allah. Allah guides whom he wills !
shaf laeeq Thanks Brother, Now that I am aware, I must find a way out of it. you become responsible when you become aware, but i cant find a solution, maybe im thinking inside the box. sometimes i fee like Allah makes you aware when he knows you can/should do something to change, a test i guess. thank you for replying!
I have been through the exact same situation but I prayed to Allah (swt) to show me a way out. Next thing you know I got laid off from my job but found a job in the educational sector with an increased salary of £1600. From my experience and knowledge of deen I would say 1- Never give up. We have to show Allah that we will work for that halal means of living 2-remember it is a test and Allah does not burden us with task we can not handle. Times may become harder before you what you seek. I was unemployed for nearly 2 months. 3- Pray and be brave. This world teaches us to specialize or stick to what we know but explore and think outside the box. Allah (swt) help those that help themselves. Whatever you do next be the best at it. These are reminders to myself aswell. In sha Allah you will find what is best for you
Asslamu Alaikum We live in New Zealand and lots of Muslim brothers and sisters want to buy their house to live as renting is very expensive. But unfortunately we do not have any financial organization who provides Islamic home loan. All the banks here we have follows the traditional rules and apply interest on the given home loan. As a 1st home buyer lots of Muslim brothers and sister are in confusion and they don’t know what would be the best possible solution to solve this problems. Could you please guide us to take the proper steps and help us to stay away from mistakes. Jajakallah
I spoke to Guidance rep and didn't get satisfaction how they finance homes. Do anyone know, is there pure islamic home loan without riba is available on east coast... NY area?
No, every Islamic bank gets compensated for the use of their money like conventional banks. There is little difference in what they do, except that Guidance is probably more expensive.
Can anyone tell me if going to university and taking out a loan is for your course is haram? I know paying interest is haram and you will be doing that but can we do anything in this situation so we avoid the zina?
The only thing you need to consider is if your fixed deposit is a loan or an investment. Any money you get over loan, is not permissible, since you have the full rights to demand your loan amount back at the time your contract ends irrespective of what the condition of the borrower is. So even if you loaned $100 to a borrower and as per contract, he/she shall return you $100 after 5 months, you are entitled to demand your $100 back after 5 months even if the borrower is poorer and has no money. But if its an investment, you don't have that right. For example, if you invested $100 in a person's company, after 5 months if the company goes bankrupt, you can't demand your money back. Its gone. But if the company makes profit, you get the share of profit. So if your fixed deposit is being used as a loan. You can't take money on it. This is the reason savings account is not permissible as Banks use your money as loan and whatever happens with that money, you are entitled to demand that money back from the bank. So you cannot raise money on your bank account money, that will be Haram
@@zohebakhtar265 I ear 0.1% interest per year in my account, is that haram? I don't pay the bank anything or loans it's just my bank giving me that money. And I've asked if I could have this interest taken away because it's haram and they said it wasn't optional (please note that i don't pay the bank anything they just give it to ne)
What about when a bank gives you money to switch to them.. ie bank A will give u 100 USD for switch to them ? Also what about earning cashback from companies like Topcashback etc which is a cashback company?
No such thing... as much as possible trying to avoid Riba’... Haram is Haram.....albaqarah 275, 276, 278, 279, ali imran 130, an nisa 161, Al tahrim 5, Nuh 4, Al muzammil 7, Al kafirrun 4 & 5, see... how serious the Riba’ mentioned in the Quran, repetitively....
Asalaam Aleykum. I was wondering what happens to the loans (Perkins) that you do not pay the interest until you graduate. And you pay the money back before you graduate but the government paid your interest while you were in school? Is that haraam? Jazakulahu Kheyr.
Riba itu haram Jual beli itu halal. Kita tak perlukan riba. Sebab riba itu merugikan kita. Walau pun himbuhannya banyak. Umpama (-90%) Sedangkan jual beli Umpama( 90% ) Mana banyak 90% Atau - 90% Jual beli yang mendatangkan keuntungan = 90% -2.5%( sedekah ) Jual beli yang merugikan = 90% +2.5(sedekah) Jual beli yang beku =90% +10%(kerja )
Macha Allah we're do want for all those who are not Muslims to be pleased let's let them know that there's no others religions than Islam in the whole world no need bibles need to tell them to come back to Islam inshallah t'allah alhandulilah
I am confused , please let me know if i can take a bank loan being bank employee for my home purchase on 20 years durations equal monthly installments ? Is this riba,,or isnt can we take this type of loan in islam , is this riba or what ? Plz explain
Yes, riba but we are nowadays bind over by society or system. That's why we take such loans. Riba/usury is Haram. As being witness of deal, as dealer, lender as well as receivers/borrowers all are culprit in Islamic laws.
sO does this mean it's nO longer haram? Because it's sO hard to avoid so it's not fair to make it haram like during the time when it was EASY to avoid it! ...Peace...
Salam bro.may Allah preserve you. If u can get loans from non interest based banks,it will be great.but if you cannot for now,I think its unavoidable. However immediately you have paid it all back. Desist from indulging in Ribs. Continue to make istigfar. May Allah guide us unto the right path
Credit cards balance must be paid off before interest is incurred is what Omar suleiman means. But I do not agree credit cards are necessity. Who cares about credit rating. This measure is only to check if you can incur loans. Just pay your bills on time and the rating will be enough to rent a place
@@a.monsoor1321 it should be a case to case basis, otherwise, people would do fraud, steal, sell drugs and 'halalify' the money by passing the money to their kids. In any case, there is more barakah in halal money that you feed your kids with and conversely, a lack of barakah in haram money
The money is not the real asset like gold, silver, iron, wheat, barley, dates, sheep, cows, etc., as in the 1970s, the $ got just a paper status by taking out the gold backing. FED has the printing machine and there is the hidden tax which they call inflation. 2% inflation for 30 years take the value of $ to half as buying power decreases by 50%. In the current situation, if someone is taking interest which is less than inflation then how is this considered as Riba? Riba is on those assets which keep its value like gold.
I have no use for the list of goods you give (maybe 1400 years ago I would have.) I would have to sell them for money to buy what I need. Gold price is very volatile up and down, not useful as money. There is an active debate on whether the inflation target should be 2% or 0%. Forcing it down to 0% probably means high unemployment and some wages and prices have to go down (while others go up). I dont understand people's obsession with gold. There is not much use for it besides jewellery. A little bit in electronics.
College intrest i didnt know about riba until i started listen to the imans on youtube i wasnt tought at young age but collge already started charging me intrest i dont know what to do
Some of these guys on RU-vid are extremist. Interest in modern financial markets is not the same as riba (exploitive money lending) at the time of the prophet.
@@roberthannah7983 but technically you are getting exploited. For example, student loans you always have interest added . For college/university in UK its 3% interest . its not an investment . As in an investment both benefit. So if you borrow 200k for a business and you are told give me this amount back with x number of years thats not riba. However , for student loans you end up paying more than what you are supposed to
@@saadusman6617 Student loans - well first, most of the cost of university education is paid by government grants, the tuition you pay is much less than the cost depending on the course and the institution. So if you have the privilege of attending you are getting a good deal. Second, the expected future income of graduates is a lot higher than average, so tuition is an investment in human capital. Third, my understanding of the UK student loan program now is that the repayments are geared to income, and forgiven after many years if not repaid, so that in effect repayments are like a supplementary income tax. However I agree that the buildup of debt and interest feels like a heavy burden to repay. When I took loans fees were much lower and I paid it off in a year. I have had some friends who lived frugally for 10 years or so - no car, etc. to pay off their loans.
Stay away from loans period I've seen the consequences of loans and credit cards now I'm in debt and its stressful. Not worth it at all there's smart alternatives !
There is always repentance brother. But I don't think it counts if you didn't knew it in the beginning. If you knew it, It's between you and Allah. Riba is one of the biggest sins you can commit in Islam. Is at the level of worshiping Allah with a partner. All I can say is pay it back ASAP, and repent and do every good deed as much as you can.
Lectures are easy to give but living in the West where it is very difficult to escape and no choice. When rent is sometimes 2.5 times higher than owning a home, how do people cover the cost if they are struggling?
@@muhammaduddin9268 Do everyone a favour. Stop being judgemental and not assume you have higher moral grounds by assessing other people's lives. No one is "selling" their soul to Shaytan here. And this type of language is very offensive and I advise you not to go down that route next time!
It's definitely tough out here. The system in place is a Riba system based on debt and slavery it seems. The only way is to increase our income or leave the West. May Allah make it easy on us - Aameen. We definitely need a Muslim collective that helps each other to own properties without Riba.
@@SayemTabla mashaAllah I don’t think he was judging. He didn’t say you were. And his saying truths. The lecture did mention that it’s 100% impossible to avoid riba in places like America, like where I live in Singapore. Anyway, what the brother meant was We rather struggle in this life than doing the wrong things. May Allah ease your suffering and ease your financial burdens. And if you are burdened, and be tested in this life, may your akhirat be easy, insyallah.
Lotto is less haram because you are not fighting with Allah.Riba is when you are fighting with Allah,your prayer,Zakat and Hajj won’t be accepted because of Riba.Riba is like sleeping with your Mum.
Assalamualaikum you cannot take anyting benefit from anything like Abu haneef did not benefit from the shade so if you take a credit card with mileage you are taken what about Holly faraud I'm here love described as a shade under the tree you cannot benefit from anything Jessica love Island
Having “partnered” on profit and loss sharing basis, with at least 3 businesses, the only lesson i have learnt is that no muslim “brother” i partnered with was fair in dealings ,, Riba obviously is haram.. so the result now is that I have completely stopped investing and e money is just sitting in my bank
Go to masjid for morning prayer , if you see a Muslim brother consistent in his morning sallah at masjid , do the business with him , chances are he may be the honest one .
Subhanallah, some sister at 45ish minute throw an entirely random question about checking account when sheikh was talking about house mortgage 😁 have patience and respect please
Seikh Sulaiman, I hope this is out of your shallow understanding of the subject matter that you are endorsing " credit card" as halal! The biggest backdoor riba is credit card. When you sign up for a credit card you agree to pay interest on purchases if you can not make payments within interest free period. Theoratically that means someone who is signing up for a credit card is agreeing to perform 50 times zina with his mother(naujubillah) if that person can not make payments within interest free period. May ALLAH(SWT) give you hedaya to understand the micro credit conspiracy.
There's two opinions on credit cards that I've heard. First it's haram period due to riba being in the contract. Second that you can take it out only if you pay off the full amount at the end of each month. Thereby never paying riba. The riba part of the contract can thus be ignored as it is fasad (corrupt).
+arrow007 Paying a mortgage is NOT cheaper. 2/3rd of what you pay in monthly mortgage goes towards interest & only 1/3 goes to actually paying your house off. If you buy a house for $250K, you end up paying upwards of $800K on that house after taking out a standard 30-year loan with "low" interest. By the time you paid off the house, you're probably old or dead anyways. If you have to get a house, there are Islamic loans available, but paying rent is by no means, more expensive.
All paper money prostrate to federal reserve are haram.but it's not in our hands to end this system ,yes we can try it in Muslim states to educate the public and protest peacefully against the Government to allow gold and silver money system and seeking forgiveness from Allah swt..no doubt He knows our intentions ...
Inflation is furthered and nourished by systems based on interest. Interest means someone profits of another person's need. That means that every industry will constantly work to drive up your needs. Example student loans: If all the people who took students loans to study had never taken that option (or the option never existed) universities would have been compelled to keep education at an affordable price. But since we take loans (create a fake buying power) we afford it and consequently drive the demand up. Thus enabling universities to keep increasing the prices. And remember that thw credit we took from bank was never actual money backed by actual equity. Its just credit. Since banks only need to have 14% of their total loans to be backed by equity. Which means the other 86%is just credit (numbers on a screen). Same goes for inflation in health, housing and other industries.
There are lots of modernist scholars who do not accept the idea that all interest is riba. Riba is really about financial exploitation - the practices of unscrupulous unregulated moneylenders at the time of the prophet. Interest in modern financial markets is not riba. But the practices of loan sharks and pawn shops probably are riba. There are, however, some Islamic organizations such as AAOIFI and Islamic financial services board who have institutionalized the viewpoint that interest = riba. However they are populated to a large extent by scholarly officials who earn fees from participation on bank sharia boards which approve Islamic financial products. On cash back credit cards - the cash back is actually a portion of the bank's discount of up to 4% they get from the retailer who accepts your card. So its not money for nothing, its the bank sharing its discount for the convenience of the card to the retailer. It makes no sense to say a gift card is acceptable but cashback is not. More broadly, the speaker's interpretation shows the folly of using textual literalism to interpret the Quran. It is better to look for the underlying message to deal ethically, fairly and honestly.
@@roberthannah7983 it’s not abusive… you’re simply talking absolute nonsense from begging to end… perhaps you should simply find another way to boost your ego to compensate for your intellectual shortfalls…
@@missbegum7610 My intellectual shortfalls pale into insignificance in comparison to the "shortfalls" in the thinking of the late Dr. Fazlur Rahman, former chair of Pakistan's Institute of Islamic Research and professor of Islamic thought at the University of Chicago (a top school), Professor Abdullah Saeed, Sultan of Oman professor of Islamic studies in Melbourne, and the late Mufti Tantawi, Al Azhar University, Egypt, who you might perhaps call complete idiots, because they did not accept the idea that all interest is riba.
Quran only mentions riba for lenders. There is no harm on borrowers. Even hadith is quoted wrong. Hadith doesnt mention borrowers but facilitators i.e the people who helped in business of lending money.
Base money is monitored and printed thru the Federal reserve Bank of America or central banks all around the world with other banks acting as intermediaries between federal reserve and the government !
---------------------------------------------------------------------------------------------------------------------------------------------------------------- Would Allah still punish us for RIBAH/interest/usury even though the whole world is engulfed in it? ---------------------------------------------------------------------------------------------------------------------------------------------------------------- Islam and Money Written by Imran Nazar Hosein, Graduate of Graduate Institute of International Relations in Switzerland. Allah will hold you to account for that Riba which you can avoid even if you had to flee to the mountains sides where rain falls and take with you some sheep and goats. Imran Hosein - THE PROHIBITION of RIBA (Interest) [FULL VIDEO] ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-nKm3J3gJV8c.html This shaykh has deep understanding of the harm of RIBA. After listening to his lecture I understood why Allah SWT has declared war on people who deal with RIBA in society, because these people give power to control money to money landers/bankers who in turn put people in slavery and hardship and also can finance a war just by printing unlimited amount of paper money and kills those who oppose them. And the blood of those innocent people are also on the hands of those who give them RIBA/interest on loan money. Those who are willingly cooperate with them for a small worldly gain will be with Abu Lahab and Abu Jahal in hellfire for ever because they also financed war against believers. Allah SWT is not only very merciful but also stern punisher.
Shirk in Islam Faith statement (Shahada) includes Mohammad with Allah, cannot make pictures of Mohammad, the punishment for those who oppose Allah and Mohammed is: Execution, Crucifixion, cutting of hand or feet from opposite sides, or exile from the land. (Surah 5:33) Mohammad should be obeyed as you do Allah: 33:6,36, 4:65, 9:29, Mohammad associates a Black Stone with Allah at Kaaba. Mohammad’s name put in the same level as Allah in Mosques. No Jew or Christian would put prophets’ name alongside with God!
Mazzy Ali Muslims often accuse Christians for shirk mistakenly. I wanted to show you that shirk is what is done in Islam and not in Christian faith. We do not associate anyone to God. Jesus is the Son of God (God) and that is why we follow Him as God who became a human. We do not associate a human with God. Here God became a human (to be punished for our sins) as foretold by the prophets.
How exactly do Muslims do shirk? Shirk is associating partners with God, thus believing Jesus is the son of God is shirk. I mean how can God have a son or an 'heir'?
Mazzy Ali Friend, Biblical God is the One God who is the Father, Son and Holy Spirit. Here the Father, the Son, nor the Holy Spirit is a partner but God. So Christians are not associating God with partners. Associating God with partners is when you associate a human or an angel or an object with God. This is what Islam does by associating Mohammad with Allah in Shahada and asking to obey Mohammad as you obey Allah. The holy Bible never allowed this. That is why, even Jews, even though Moses is their best prophet, never put Moses nor any prophets in their faith statement. Islam also associate the Black Stone with Allah!
The 'black stone' is for solidarity, so that everyone prays in one direction together. Mohammed (pbuh) obviously isn't on the same level as Allah; he's in the testimony of faith because a fundamental belief of Islam is to believe that he is the final Messenger. We're told to 'obey' Mohammed (pbuh) because what he says is from Allah.
Yasmin Rashid thanks. but I'm struggling to understand why its not ok, if it leads to waging war on ALLAH swt then the world is winning.............. the war
33X 33X just because the world is doing it, it doesn't mean that it is okay. It's like saying if everyone thinks it's okay to murder and rape so should I. I agree with you, the world is doing it and that's because the world has become so corrupt. This again proves to us that the last hour is a lot closer than you and I might think. Everything in Islam makes perfect sense. The world's problems today stem from riba. Riba allows the rich to get richer and the poor just get poorer. Riba is targeted at the poor. People who can't afford to put a meal on the table are sold payday loans that the lenders know they can never pay back. Riba was always haram, in Judaism and in Christianity too. It is the rule of Allah, who are we to question it? Why would we want to lose the barakah in our wealth by taking or giving riba? Personally I put my whole trust in Allah. I gave up riba a long time ago and Allah swt has increased my wealth and quality of life beyond what I had ever expected. If you put your trust in Allah, Allah will see you through. Riba does not increase wealth. The balance might go up but what the money buys is a lot less...I always see our blessed religion as a prevention. Allah's laws are there to benefit us all, think about what is haram and why (alcohol, gambling, adultery etc.). If mankind followed Allah's laws the world would not be the heartless, cruel world it is today. May Allah swt protect us all, grant us all understanding and the opportunity to walk on His path of success ameen
Isla Sirrus to take, to give, to use, to deal in...it's all haram. We have no excuse. The ruling on riba is clear cut, but we keep trying to justify it. To deal with riba money is one thing but it's much more dangerous to go against Allah and His messenger and say parts of it are ok and Allah knows best...
simply brother RIBA is not good because it gets people benifit on others losts and allah won't allow to any one to take others rights or goods. example: bankers have made billions of dollar on the futur of people that became homeless and the dead bodies of people that couldn't pay back the sums of money getherd by riba day after day. so this is anhuman at all that is why riba is bad
