Affzallus Salaam,What if economy is deflation mode than do taking back principal which has more purchasing power amount to riba. Kindly explain in light of kitaab and Shari'ah.
Very impressive and comprehensive interpretation by you Dr Khalid sahib. Many islamic bankers failed to do this kind of explanation. You might remember that we invited you at COMSATS, Islamabad in 2016 and I met with you with Dr Mateen reference.
Dr. Zaheer, You are fully correct explaining the RIBA terms from Quran. Riba in English Usury (excessive). Usury does not mean Interest. Also Allah said to those who will feed on Riba is haram and Allah did not say anything on borrower who pays the Riba.. Allah said if you give money to to anyone in needs do not charge Riba (excessive) and if he is in hardship then give him time until he cay pay back. If he can not pay back that give that as charity. If you dont do then you will be given a notice hereafter declaring war on Allah and Messenger. Therefore, as per Quran there is no harm on today's banking transactions based on interest. So many scholar misunderstood what Allah said in Quran and they put everything under RIBA in today's banking system. Also they never look at the verses in Surah Baqara and Imran that Allah said to the lender that do not take RIBA/USURY not the borrower.. 3:130: O you who believe do not feed on usury (do not take excessive from borrower) compounded over and over and fear Allah. So that you may prosper 2:274 Those who spend their wealth by night and day, privately and publicly, will receive their reward from their Lord. They have nothing to fear, nor shall they grieve. 2:275 Those who swallow usury will not rise, except as someone driven mad by Satan's touch. That is because they say, “Commerce is like usury.” But Allah has permitted commerce, and has forbidden usury. Whoever, on receiving advice from his Lord, refrains, may keep his past earnings, and his case rests with Allah. But whoever resumes-these are the dwellers of the Fire, wherein they will abide forever. 2:276 Allah condemns usury, and He blesses charities. Allah does not love any sinful ingrate. 2:277 Those who believe, and do good deeds, and pray regularly, and give charity-they will have their reward with their Lord; they will have no fear, nor shall they grieve. 2:278 O you who believe! Fear Allah, and forgo what remains of usury, if you are believers. 2:279 If you do not, then take notice of a war by Allah and His Messenger. But if you repent, you may keep your capital, neither wronging, nor being wronged. 2:280 But if he is in hardship, then deferment until a time of ease. But to remit it as charity is better for you, if you only knew.
Wow thank you! I don’t speak urud so i couldn’t listen to the video. I have a little bit money on my bank account, the Bank pays me 2,5% interest. Is that riba according to dr Zaheer?
@@marksackhaarberg1822 If we look at Quran it says whoever takes excessive and multiplied interest is prohibited for the lender but there is no verses that says borrower can not take loan or pay interest. Therefore, in your case bank paying you 2.5% on your deposit which is not excessive in terms of Quran and does not fall under RIBA/USURY category..Allah knows the best
Very simply ,explicitly and clearly stated distinction between what’s interest(sood) and what’s not interest or sood in the light of Quran guidelines and teachings! SubhanAllah and Jazakallah 🙏🏻
Dr sb App na to kamal ker dia jab app nay riba ke clarification as purchasing power this concept is our pakistan because is develping country our currecy continuously decreasing as islami product are dates wheat salt gold silver and jow we are gain one pany on mentioned monetry islamic goods i impress your clafication of Riba
Please could you make a video or videos about riba in english. I do not understand urdu and would very much like to know about riba from you. You have an exceptional talent in explaining something, everything becomes so clear. If you would be so kind to do it in english a large number of population would benefit from it. Thank you.
Do the math for rent for 30 years (rent increase every year or every other year) and mortgage for 30 years. After living 30 years on rent you will come out empty hand but on mortgage you will have house for almost same amount or may be less.
FOR HEAVEN SAKE , PLEASE TELL IN SIMP.E WORDS WHAT IS SOOD AND WHAT IS NOT, WITHOUT BEATING ABOUT THE BUSHES SINCE I HAVE BEEN WATCHING PROGRAMMES ABOUT SOOD , I HAVE BEEN ENDED UP NOWHERE NOW AS I AM AN ORDINARY MAN .
Salam. Dr Khalid Zaheer may I hop in aswell I mean to say join in 1😁😊. Sadiqullah from Islamabad. Working in one of Pakistan Private leading Insurance Company Islamic Insurance PAK-QTR-Takaful.
اسلام وعلیکم بہت ہی ڈیٹیلیز سے اور ڈیپتھ میں سود پر بات سمجھانے کا شکریہ۔ ایک چیز جو رہ گئی ہے وہ سٹوڈینٹ لون ہے۔ جس کی وجہ سے مغرب ؟یں بہت سارے بچے تعلیم سے محروم ہو رہے ہیں پلیز اس پر بھی کچھ واضع کر دیں کہ آیا سٹوڈینٹ کو لان لینا چاہئے یا نہیں۔ جاب بھی مشکل سے ملتی ہے کہ بچے کما کر اپنا خرچ پورا کرلیں۔
About Professor Javed Ahmed Ghamidi, he can be right or wrong but his level of tolerance and morals are commendable and example for every scholar of this era and should follow suit, I not only believe that there is no scholar of his stature profundity of religious thought and precision of its understanding and lucidity of his articulation in the Muslim word, but I also believe that I have yet to see anybody more profound just and humane than Professor Javed Ahmed Ghamidi sahib, when it comes to commentary on social issues including human rights. May Allah bless his countless blessings upon Ghamdi sb! Ameeeeeen. ( USTAAD MOHTARAM MAY YOUR SEED PROSPER GOD WILLING)
Dr. Sahab thank you for a brilliant lecture. It's a fact that riba exists only in Islamic countries due to very high interest rates as compared to credit in non Islamic countries which is as low as 1 to 3 % and sometimes even less. Apparently, linking riba with the interest rate makes perfect sense. Secondly, given our state of morality and the rule of law, expecting a business to truly report profit to anyone investing money in the business is as unrealistic as it can be. You know people making billions can always show the investor their fudged financial statements usually reporting loss or miniscule profit. This is the country where private creditor is always in the riskiest state beyond suffering loss of value of money due to inflation. Commonly every business thrives on frauds, dishonest and documented lies. How would you like to respond to my questions
In addition to this fiat currency based ( inflationary) economy and commodities based economy (non- inflationary) in which islamic law are applied (feed 100 people not pay 100 dinar) , considering the DNA of economics is change to put Umma into confusion and lack of practicality has left our rich people to seek safety of wealth in the hands of low inflationary currencies which is with west and inflate indirect Ribba in form of inflation on ummah and addition pressure of high interest rate. HOW WE CAN CHANGE .. WISDOM ???? Faith with highest practicality is unable to answer this. Reforms are needed or way around.
Good lecture by Zaheer Khalid We should also watch Javed Ghamdi detailed lectures to reach on proper conclusions. Let's read Quran Surah Al.Baqra Surah Aal Imram and Surah Ar Room.
AOA Hazrat sb, hope you are doing well, may I request for Mukalma/Muazra on the topic live or recording on Camera? Can we bring 10-20 mufti sahibaan in debate who are selling Allah's verses and promoting riba in Islamic banking? Kindly note there was not a single mufti submitted an affidavit that Islamic banking is halal banking in federal sharia court..I dont understandthe reason why? Maybe we need to understand Allah's message from a financial and economic perspective Maybe we are being misled by the owners of currency conventional financial system? May Allah bless us with True Knowledge of Islam. Ameen
I have not listen such a perfect explaination about sood / Riba. Addressed things in real and practical way. May Allah give you JANNAT in reward of this. Dr Muhammad Khalid Syed Consultant Pediatric surgeon Saudi Arabia
ڈاکٹر صاحب ایک اور پہلو کی وضاحت بھی فر ما دیں۔ جب لوگ بینک میں پیسے جمع کرواتے تو بینک اس پر سود تو دیتا ہے لیکن یہ پہلے سے طے نہیں ہوتا بلکہ اس میں کمی بیشی ہو سکتی ہے علاوہ ازیں بینک کی ذمع واری محدود ہوتی ہے اور اگر بینک دیوالیہ ہو جاۓ تو جمع کروانے والا اپنی پوری رقم کا تقاضہ نہیں کر سکتا بلکہ اس کو دستیاب وسائل میں سے ہی کچھ ملے گا۔ اس پر بھی روشنی ڈال دیں۔ حکومت کے پاس جمع شدہ رقوم کے بارے میں کیا حکم ہے ؟
Asalam aliakum Excellent explanation for sood please tell me about the profit given by national saving account is halal or haram. Thank you Regards Dr. Abdul hafeez
Uncle asalam o Alaikum, mortgage may ap asal kay sath interest bhi daytay hay.. jo kay izafi rakum hay...ap interest ko kuch bhi kahlay per ya sood hi hoga...
jazakAllah sir for giving such a great lecture on riba and welcoming questions. Sir by profession I m an adv. I listened ur lecture very attentively and I would like to share my understanding by leaving a question . The so called Islamic banking system is not riba free. The reason behind this is that it is seen that when a common man who is not industrialist takes loan from bank in order to meet his needs the bank charge interest rate (riba) .so , when we invest either in shape of mudarba or musharka we are indirectly becoming the part of that system because bank dose not has his own money infact it uses our money to exploit that common man . Isn't like that ? Your comment plz.
Dr. Sahab ,I have a concern and I'll be glad if you clarify it. What about working capital solutions , like overdraft facility ,do they also fall into riba catogery. And if they do ,are Islamic bank working capital solutions halal.
Suppose aik lender he jo business man ko 10, 000 qarz deta he or sth me ye b bta deta he wapsi me 12, 000 dene lekin jb marzi wapis kro agr ap k business ki sale horai he tu 20% dete jao or agr sale na horai ho tu jb sale ho tab de dena Kya ye jaiz he?
تقریبا تمام مثالوں میں بنیادی سہارا استحصال کے استدلال پر لیا گیا ہے، اگر صاحب استظاعت اپنے ذاتی اور کاروباری فائدے کے لئے استعمال کرنا چاھتا ہے اور فائدہ بھی تقسیم نہیں کرنا چاھتا جبکہ نقصان کی صورت میں واقعتا قرض اور اس پر طے شدہ رقم بھی ادا کر سکتا ہے تو ایسے معاہدے میں رب المال کیوں گھاٹا اتھائے اپنے بچوں کا حق کسی اور پر حلال کر دے بغیر کسی فائدے کی امید کے؟
Dr sahib, excellent lecture. Kindly clear that what about taking sood/profit with low percentage. Is it allowed or even such sood is also haram? Your goodself stated/talked/coted the same in beginning of Your lecture. Secondly can we pay monthly house rent and very high utility bills from taking sood /profit?Whereas having no job or having job, and even not able to pay from salary. Kindly reply this serious question , in order to decide about the matter according to shariyat.
Purchasing power link with gold rate at prevailing at the time receiving & returning of the loan amount may be prove better option. Inflation may be covered safely in this option
Efu insurance policy krna kia sood hy sir es mein return payment fix ka mujhy nh pta kia return payment hogi ya wapas bhi hogi k nh ye bhi nh pta bataya yahi gya company business krti hy
When zakat was put in place some 1400 years ago, people were not pay all sorts of taxes to the government as they do today, portions of which today goes to help the poor in the form of food stamps, or subsidizing their housing, and providing healthcare needs/treatment etc. Of course some of the taxes go towards capital improvement etc. Taxes can get quite high, as much as 50% of one's gross income can be paid to the governments. How does Islam account for this, isn't paying large sums of money--in the form of taxes that go to help the poor and needy--a form of zakat? This cannot be completely ignored from the equation in today's society.
Quwat khareed tu dollar k teht kam ya ziada hot ha phir waqt k sat bi kam hota ha raqm bi vari ho GI phir exploition bi na ho bank tu majboir bi na ha phir riba currency nots PR ..
Assalam O Alaikum . sir plz ye bta de jo govt ny naya pakistan housing scheme k zariye jo islamic tareky se loan de rahi hy wo jaeez hy k nahi jesy mezan bank hy or jitny b hy jo Islamic treky k zarye de rahi hy is pr ager ap video bna de y mjhy answer de dy tou mery sath bht se logo ka masala hul ho jaye ga kun k hum rent pr rehty hy or bht mushkil wqt se guzr rahy hy plzz answer me???? or sir plzzz ye b bta de aj kal jo jo Cryptocurrency mean Digital Currency jo trading ka karobar hy or is se munafa lena jaeez hy k nahi or crypto sekhna b jaeez hy k nahi islamic point of view se smjha de??
Nuqsan ki sorhat mein apni asal raqam ka taqaza tow kirsagta haey kion k nuksan ki sorat us ki decision ki waja say howa nakay invester ki waja say invester apni asal raqam tow laey saghta haey
Hazoor,Aapkee ribaa Kay mutalliq guftagoo suny ,Jo keh bohut shandaar lagy.,Aek kamy Jo shuruh hee say mehsoos ho rahey thy woh tashnagy door nahen huey.Pehly BAAT yeh keh Sood her shakel her libass aor her tareeqay say Haraam hay.Koi ussko interest kahay ,munafah kahay,Mark up kahay ,kissy bhy istilah Kay istehmal say woh Halal nahen ho Jata .Quran men koi Aesa gunah nahen ,jiss Kay murtakib shakhas say Allah aor USS Kay Rasool SAW nay ehlan Jung Kia ho .Aek ayet pehlay wali men fermaya *Wazaroo maa baqeya minerreba in kuntum mominen *Ager tum momin ho to baqy bachta Sood chorr do (Yehnee Jo nahen chhorrta woh momin nahen hay .Aap ISS kee mukhtalif ashkal kee Lamby behas men ullejh Gaey.Qerz Dee Gaey raqem Kay sath aek Tay shudah tanaseb say Zaaid raqem kee wasooly hee Sood hay .Chahay koi Bank say qerz lay ya kissy Ferd say ,aor kissy bhy gherz say.Siwaey ISS shakel Kay kissy marez ka ilaj ka khercha itna hay keh majbooran soody qerz Lena perr raha hay ,to ISS tarah kee majboory Kay siwa qerz Lenay Wala bhy gunahgar ho Ga .Aor jiss shakhas nay Bank men raqem jameh kerwaey Huey hay ,woh chahay khud Sood nah bhy leta ho ,Bank ussky raqem say soody karobar ker raha hay ,Lihaza woh directly Bank Kay karobar men mumid O moaawen hay .Lihaza ISS say bachna zarory hay .
Sar mn ny qarz ada karna hi jo k ban ni paa rha qarz lany waly tang kr rhy hn mn ny socha hi bank sy ly kr qarz ada kr lon or wo qiston mn ada ho jy ga es k bary mn zaroor zarooor btana qrz otarna chahta hon karobar nai pls zoroor batana
A.O.A Dr.Sahab Statelife insurance company main .job karna . Policy rakhna or rakhwana Mehnat kar ke ..apni family ke mustaqbil ka sochna .. Or har chez ko transparently samjha ke policy bechna . Kia ye jaiz hai. To kia daleel di ja sakty hai . Is barey main rehnumai faimain
but if we buys home on mortgage from Banks for first residential purpose as in Canada we can not afford to pay the whole price , Is this haram too to pay interest? please advise
Chapter 11 of USA of bankruptcy by Pakhstani businessmen is misused as like USA these people are not allowed to take any loan due to bad credit and their all assets are also sold .
Islamic banking Mai current account per kiyoon Zor Diya Jata Hai aur staff KO bhee majbood Kiya Jata Hai ke current account khulwao agar job KO but Qatar rakhna hai
Docter sahib aj kal karanssi ka zamana ha jiss per Inflation asarr karrti ha or value bi uper neechay hoti rahti ha lehaza ager ap bank say bussines karrtay hain toh aik fix amount toh ap her mahinay lay rahay hotay hain lekin asal raqam ki value kam ho jati ha pakistan rupiya toh doller kay muqablay main 100% kam huwa ha pichlay 2 sallon kay darmuyan iss per ap kaya kaho gay,,,
Sir lessoning this now i m worried about mezan bank pl reply me can i invest in it bec iwanna perfom haj with its mony and its profit pl reply me can i . Pl repl i m very upset now
Assalamualaikum va rahmatullahi va barakatuhu Dr. Saheb aap se ham yeh Janna chahte h ki bank me Jo Paise hamare hote hai us per bank hame intrest deta voh jaiz hai ya nahi . Hamari Nazar me yeh haram h aur ham ise apne uper bilkul kharch nahi kerte aap ka kya khyal h shariyat k nazriye se
Now days some banks are offering interest free loan for one year generally but with condition If loan not paid within timeframe then interest would be charged. But our good muslims they believe that this would be interest why because you signed inthe contract interest would be paid lf loan is not paid within in timeframe say one year please comment jazakalla Mohammad chi cago
Dr Sahib, old age people/pensioners invest their money in National Saving Schemes of Govt, The profit which they receive monthly or on annual basis is interest or otherwise.
Assalamualikum! 34:37 pay jab recording jati hai to ap na bola Kay agar karobar achaa jaa rhaa hai or zyada munafa aa rha hai, to hm log uss karobar mei hm log fix paisay bhii lay saktay hain ya fix percentage iss mei confusion hai, Kia fix raqam bhii lay saktay hain?? Kindly bta dein, mei wait kroo ga.
JazakAllahu khairan Dr sab.....have you written any book on this subject? or an article? or do you suggest me a book to gain knowledge on this subject....Me an Engineering from Hyderabad India, part of business we need to know abot finance which is riba free.
Very interesting lecture, Dr. Sahab!! Whats your take on the interest given to the bank when applying for a home loan? Is that the same as the mortgage example you shared earlier? This is a tricky phenomenon because I see most family and friends going for it, but it's also discouraged by most mufti's. Unanimously!! I am a little weary about this as this falls under major sin. So just being careful. Looking forward to your response.
Dr Sahab Kindly plz guide if we are working for a company who is doing clothing business but took direct loans from bank and pay interest so should we work there is it allowed or what our Islam says about it I am very much disturbed plz enlighten me jazaka ALLAH....
بینک میں آپ کی رقم رکھی ہوں آپ کی زاتی رقم نہ بینک سے قرضہ لیا نہ کسی بندے سے رقم کے بدلے اضافہ مانگا۔کسی کمرشل کام کے لیے نہیں لیا۔بس بینک میں جو آپ کی زاتی رقم پر بینک اپنے اصول کے مطابق بغیر کسی شرائط کے اضافہ دے آپ نے مانگا بھی نہیں یہ سود ہے؟
