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Not really, we will be questioned where we got our money from and where we spent it.

Ease in society? Where was the ease in the early Makkan and medinan societies that were trying to set up an alternative system of life? You treat scholars with disrespect, want them to create alternative systems, and want everything to be easy...are you okay?

@@HAltaf96 There was ease in society and I can point out to you the exact books that talk about the Islamic monetary system in depth though they are written in Urdu. I am not treating scholars with disrespect. I am raising genuine questions which no one seems to have to answer to. How do the laws of production, distribution of wealth and creation of wealth work in Islam.? That's the problem. Why is it that we are happy with what Adam Smith has proposed and we live in the predatory system. Isn't it the responsibility of the scholars to at least elucidate the people on Islam's commentry on the modern social, political and economic system that we're in?

If you have a conventional mortgage then look at Ryan or gatehouse. With primary finance you have to wait 6-12 months depending upon your investment

I followed the view that as long the debt is on my one and only residential house, and I have the view to pay it off ASAP, then it's the lesser of two evils. If you sell and rent, you will, on a balance of probability never get on the property ladder. RIBA is extremely serious, this we all agree. But if you are disciplined and plan your exit out of the mortgage you will better off than, simply making a clean cut and selling your house. Over pay on your mortgage, most allow 10% a year, work overtime etc, skip holidays so you can save to clear the debt, look into offset mortgages, when the time is right maybe downsize and move to cheaper house , clear the debt then move up again without a mortgage Lots of options are available brother , you seem to have good intentions and i genuinely believe selling your only safety net may do more harm than good, pray for forgiveness in each salah and make effort to help your family. Allah SWT is the most forgiving and knows ours situations ,i hope you are free of this burden soon. Ameen.

The most important thing is to find a mufti / scholar you trust and perhaps seek their advice. Seeking random answers in the comment section of youtube probably is not a great idea.

@@familyrehman646 the waiting list says 5 years, where did you get 12 months from

@@sheililasharif7421 if you invest 50k plus then waiting time is really short

What you are saying is somewhat right. However, in terms of advanced matters or complex matters, laypeople should follow experts in those matters - if the majority agree on the matter then it is sufficient for laypeople to follow this. Even though the majority is not always the rule it does have valid weight for lay people to follow. Allah (swt) indeed said in the Qur'an NOT to follow the majority of mankind in the Qur'an (those who follow whims and desires). However, He did NOT prohibit following the majority of the scholars or people of knowledge who are experts in specific areas, in fact, the Almighty stated to ask people of knowledge or remembrance. In most cases (not all) the majority of scholars will have a strengthening view. Because you are taking the strongest view according to the majority of the experts who deem what is the most appropriate based on text and context.

@@faysalahmed9157 Thanks, I fully respect sincere scholars. There is a hadith stating they are the inheritors of the prophets. However our beloved Prophet (saw) also warned that, for this reason, scholars can lead the ummah astray. We must be aware that those who are currently being promoted and given airtime are at the expense of those who are considered to have unpalatable views by the West and our secular muslim regimes.

Truth is not always nor necessarily with the majority . Whoever has the evidence is upon the truth , even if he is on his own. As for sincere Scholars are imprisoned? If they were sincere toward Allah and His Messenger sallal lahu alaihi wa sallam , to the deen and to the community Ummah, they would not oppose their ruler. Rather if able advice in private and or face to face. Though some may have been imprisoned unjustly

@@AbuMoosaa Accounting the ruler is part of Islam. The response is not to disappear the person. Admitting that 'some may have been imprisoned unjustly' is an understatement.

@AbuHamzaAlKashmiri is it you and me that accounts the ruler for his actions? What does the Quran and ahadeeth say. What did Allah and His Messenger sallal lahu alaihi wa sallam say in how to deal, interact and communicate with the ruler , especially when we see evil from him? What did the Sahaba do? How did they and the Imams of the Sunnah , past and present address the ruler??? Correcting the Rulers beabettermuslimsunnisalafiathari.wordpress.com/2024/01/29/correcting-the-rulers-according-to-the-sunnah-and-manhajus-salaf/ Dealing with the Rulers beabettermuslimsunnisalafiathari.wordpress.com/2024/02/05/dealing-with-the-rulers/ Blame the Ruler or blame ourselves? beabettermuslimsunnisalafiathari.wordpress.com/2024/01/29/blame-ourselves-or-blame-the-rulers/ If I had one supplication that will be answered....Dua for Rulers beabettermuslimsunnisalafiathari.wordpress.com/2024/01/26/dua-for-rulers/ The Real Khilafah lasted 30 years.... beabettermuslimsunnisalafiathari.wordpress.com/2024/02/05/the-real-khilaafah-lasted-30-years/ Ruling by other than the Laws of Allah beabettermuslimsunnisalafiathari.wordpress.com/2024/02/05/ruling-by-other-than-the-law-of-allaah/ Kufr of the one who rules by man-made law beabettermuslimsunnisalafiathari.wordpress.com/2024/02/05/kufr-of-one-who-rules-according-to-other-than-what-allaah-revealed/

Mortgage

The fiat currency you are using is the most haram thing. It's possible to be halal when it comes to stocks and Bitcoin.

Contraception... Overpopulation? Looks like you're still stuck with Malthusian times. There is under population across the world specifically in Western countries and some of the solutions you give are the direct catalysts for this global issue

@@normskyyanwell4872 how about you swap places with someone from a densely populating city like Deli, Wuhan or Rio and see how you like rubbing up agaist people on the bus.

Both spouses focus on careers 😂....STEM field only....yeah... Please don't follow this recipe for disaster

@@normskyyanwell4872 Mathusian philosophy 2.0 by AI, automation, overambitious space traveler enthusiasts

@@HAltaf96 not STEM field only but not service jobs only. Whats wrong with STEM? Where is the Boeing or Airbus of the muslim world? Where is the Lockheed Martin and Cyberdyne weapons manufacturer of the muslim world? How many nuclear Muslim countries? Look at N korea and iran vs Palestine and Lebanon. Enemies will crush you without STEM powered defences.

My God, you're really ethical aren't you?

Trade is halal. Before you can get to people engaged in trade, you need private property rights, capital accumulation, competitive markets, pricing of goods, and of course voluntary exchange. That's capitalism bro.

@@HAltaf96 im not claiming such a thing but he said it

@@SAL-fs1mr maybe you should read the Hadeeth/Verses about un-used land rights for owners, forbidding foreign investors, using unoccupied empty houses without owners consent, hoarding wealth, bait-ul-maal social net etc etc.....islam is diametrically opposed to your Pharonic-Dajjalic capitalistic enslavement.

They ain’t scholars!!!! They are jahil individuals!!!

In other words "I'll listen as soon as these scholars say what I want them to because I know better than them"

@t-you2003 the truth is always the better option..mincing words is not it!

Great points. We really need to fix this quickly and efficiently! I believe the Malaysian economy is completely based on Islamic banking and finance and are in fact world leading. It may be useful to the panel to incorporate some experts from Malaysia InshaaAllah.

I am not a Scholar, but I don't think you can "lend" unsecured money in a Sharia compliant way when it comes to doing business in this sector. Lending from what I have read is an act of charity in Islam and not an act of trade. Risks and Rewards for unsecured non asset backed lending can never be equal, one side always has more power then the other.

*Saudis

@@pauladdae3130 yes saudis

what's a wahhabi?

Have some respect for the people of knowledge. There is no such thing as a Wahabi.

@@Bigly non madhab ppp

​@@007kash007what Madhab did the Prophet follow?

@@Bigly cool you spend all your life working out Islamic law

Actually the rates are far better compared to conventional mortgages.

@@Amro-elbosatyno they not

They're not designed to actually help the average Muslim. But many Sheyukh will push these products.

@familyrehman646 Yes they are. How much would you be required to pay on a £160,000 mortgage?

Rates are not better its a standard supply and demand issue.. conventional banks have x amount of customers so they can offer better rates .. the halal products are new .. smaller customer base and one of the reason not all why the products have more restriction and more expensive

My brother bought the house through pfida and as far as I know they are the middle man. There is another organisation who actually provides all the fundings hence the stamp duty is double on the first home purchase. Pfida makes profit may be through the rental percentage.

Salam Akhi, whether you go with Pfida or not, an individual will always be paying rent anyway. For example, I have been paying rent to my landlords for years. Unless you go with a mortgage which isn’t permissible.

​@usmanrahman3288 rent is fine no problem. But who owns the home? Do pfida share in with risk or is it guaranteed profit etc

@@EE-kt8sh you can send an email to them directly asking specific questions.

@@familyrehman646 From my understanding is the other organisation just an entity in which normal people have invested into the origination through pfida's saving product.

Pfida owns the property. So they become holders of the property jointly with you.

@@Amro-elbosaty Pfida and the investors who have savings accounts.... not just Pfida. Majority of the money is the savings account holders, Pfida is not a Bank. You can check the companies house and read their T&C.

Well said. The worlds banking system is all riba based on fractional reserves. Even the halal mortgages create new money merely by creating debt. Scholars signing these off has halal did not understand this.

This is a problem we are finding. All the scholars who are specialised in Islamic finance need to sit together on one table and openly discuss and come to conclusion that this Islamic product is halal and this is not. It is not that difficult, they just need to go over the contracts and explain why this product is not sharia compliance. This will help the whole Muslim community in the UK.

Nothing wrong with a 30k house. Better than living in a 300k one and disobeying your lord. Muslims should get together and offer each other loans. Plenty of us to do this, but probably will never happen due to our greed and competition with each other rather than helping.

@@ali-nj4fx Nothing wrong with a 30k house just saying you know how some cultures are they laugh not that I care. But they're ain't a cheap one like that.

@@ozhoneybadger probably not anymore. Those 30k houses are more like 60k nowadays in cheaper parts of the country. The good things about those houses are that they are in predominantly Muslim communities so there is a positive side to it.

What stops you renting.

Why cant you live with your brother ?

@@familyrehman646 Nothing but then when you get old or lose your job your renting to nothing usually woman want a permanent home

@@Amatuallah-jt2kg If your in the same house with a wife it's not appropriate

@@ozhoneybadger Allah has declared the war against those who are involved in Riba. That’s is clearly mentioned in the Quran.

I am not against pfida but It is not cheaper. Total amount you pay after 20/25 years is almost same as gatehouse or Alryan mortgage products

Also they don’t share the burden

It is not cheaper, it is more expensive.

​@@familyrehman646 I disagree with the comparison. Your comparing two different ways of funding a house. These are apple and pears. Gatehouse and Alryan receive their funding from "Depositors" who are protected through the DPS. This means that the amount of money they have put as savings are 100% secured and will take Zero risk. The Pfida product savings account is not a "deposit" but an "investment". The Investor shares 100% of the burden rather then the depositor who takes zero risk. Rent is normally higher then borrowing money on a mortgage. These shared schemes you are renting rather then borrowing. That is why it is more expensive from a high level point of view. You cant compare them as they are not the same thing.

@@familyrehman646 neither does Gatehouse or Al Rayn. The "Islamic" banks are worse as they take zero risk.

We are available in Scotland already! :)

@@pfidafinance I am applying to buy council house do you help buying that too

Your message was incoherent and didn't make sense. I believe what you're trying to say is important, but many people will not understand your message. So can you please explain again what is the issue with Pfida?

"Islamic financing" is like putting lipstick on a pig...its the same thing as a conventional mortgage, they are just building the interest in. 😂

@@JustAnotherRandomNPC The pfida product or similar products by some fintechs throughout the world is not a Islamic Banking Product that uses Murabaha, but rather its an implementation of Diminishing Musharakah; when two people buy a house together and one of them is living, the one living must reward the one thats not making use of the property with rent. This is the entire model. You can also buy as much equity as you want thus lowering the rent you pay, until you fully own the house.

This is because Pfida have a scaling challenge. They’re simply not big enough to provide this service yet.

@@JustAnotherRandomNPC if you haven’t studied the actual product, best to avoid aspersion

Unfortunately we currently don’t operate outside the UK, but Insha'Allah as we grow in the future as a business, we will try to help as many people as we can🙌