Відео

At international level, what riba’ did is, it sucked all of the wealth of muslim and third world countries to the USA Federal Reserve

I am not an ustaz Just an input Shouldn't we read the asbabul buzul of this ayaa? Those money lenders are what we would call loan sharks today There were no banks then Banks charges very humble crated to keep the economy moving forward So, it's a different situation altogether Ulamaa should come our with fatwas for this

सारे जहाँ से अच्छा हिन्दोस्तां हमारा

Except none of those calamities are actually occurring. Instead we have unprecedented industrial growth, wealth, quality of life, quality of healthcare, quality of infrastructure, etc etc So where are the harms of interest? Who is harmed by it? The Muslim student who becomes a doctor by student loans? The Muslim family which buys a home and lives happily? the Muslim businessmen who starts businesses? Thr Aswan Dam in Egypt built by interest loans? Who is harmed? Let him step forward please.

It's a timeless great video by a great lecturer.

There was question in my mind ... Now I find the answer

Buying low because nobody wants to store it is not riba. Selling when people want what you risked to store is not riba. You actually did work and take over the risk and you only took the risk. Therefore you are wrong about this. But. You used a currency born out of riba. That's being touched by the devil.

Nowadays. Cars in my country we dont lease. Everything cars and house is sold with interest loan bank. If not no one will be able to buy house or cars. Only rich people afford to buy house cash. How about this issue will Allah not accept our dua? Im so sad

Mashallah barakallah

Mashallah bahut khoob Very nice

I am 21 trying to practice islam much.. I today was checking my bank accounts which actually my father manages. I found a term deposit account on my name with money which receives interest in flow. I know haram will never make us content. My father also follows Islam he reads Quran. I feel sad what should i do brothers and sisters

Zahid good boy

Mashallaha Zahid good boy

Mashallaha fatu

Enjoyed this lecture a lot. Ustad Nauman is right Muslims should study this subject in depth. Many use heela, by calling riba rent; like Islamic mortgages.. there is at least one islamic scholar who understands that the dollar by its very nature is Haram; why don't the Islamic scholars and muftis who make fatwas learn financial with Imran Hussain instead of ignoring him. He understands the subject better than any I've heard. I'd be glad to share with the youth my learnings of over a decade in this subject, of currency & money, history of money, international monetary finance, banking system, banking products...... All are steeped deep in Riba directly or indirectly (hidden)...

It is so real. I bought a car two years ago using loan. At first I didn't know that the loan was riba'. I don't care about it at all. After like one month i paid the car, I was like being possed by jinn. I felt weird, felt like wanted to suicide, kill my children. So I went to syifa' and had rukyah. I was totally ill. With eye bag and looked so old. I'm just 28 and most people said I look like 40++.. then I had check up with darul syifa' and confirmed that I had been sihr or something like inheritance jinn. I was so surprised. I asked from Allah to help me. It is Al Quran. I learned tajweed, tafsir with a teachers and also from UA-cam. Then I knew why it happened. Riba'= touch of shaytan. It is so literal. Those who commit riba' will have the touch of the devil. I experienced it already. Before commited with any loans, please study wether it is halal or not. Please look for Islam financial.

That is RIBA and Allah subhanahu wa ta`ala has declared war against those believer who deal with RIBA. Rasul sallalahu `alaihi wa sallam has cursed/L'anat on wealth obtain through RIBA. And if we have curse of a prophet on us, then on matter how many times we do Hajj or give Zakah nothing will we accepted.

All the video speaking about Riba are about the side of the guys who lend the money and the fact that it is forbidden. What about the one who borrow the money. It seams that it is forbidden for him to borrow with interest, to sump up all the current bank credit. So, the question is what do I do? I have to rent a house or a flat all my life until the day I die cause all the money in the society is based on Riba? What are the solutions, please advise. And don't answer me with islamic bank that cost at the end even more than a standard credit and for which the money Come from the same World bank which is based on Riba.

Buying car from bank is haram Coz im paying interest on car price for delayed payment??????

and guess what you have to work to pay that mortgage.

no no dont invert i pay mortgage bank makes the money not me, come on didnt they teach logic at business school.

so who is making money the borrower or the bank? so stop telling people its their fault.

Today world is under the biggest fitnah of Dajjal which is RIBA ...All banking transactions , mortgages,loans including credit cards based on RIBA...I noticed in North America Canada Muslims buy Masjid through mortgages.They think they are doing sadq e jaria or sadq e hasana... Muslims are misguided by fitnah of Dajjal system .May Allah protect us in this difficult Time...Ameen

We started business after taking personnel loan is it halal money which we are earning from that please guide

I buy a house and pay $700 a month for 30 years financed by interest based mortgage and is haram but if you buy the same house in cash and sell it to me for $800 a month for 30 years this is halal yes? Thats what the islamic banks do. Quran says "we forbidden reba because we do not want wealth circle amongst a few" Wealth will be concentrated more by Islamic banks because they charge 800 instead of 700 so it should be more haram. During prophet's time money was commodity based such as gold or silver today's money is fiat and is not backed by anything. Reba is an economic issue and should be discussed by those who know the basics of money creation today.

can someone give me examples of all types of riba please

It’s a good advise but there is an intelligible reason why riba is haram and we need research it to clarify to Muslims and non Muslims alike the big picture here and now before the day after

Nouman Alihan, super!!!

No no riba is Haram because you can not simpy make profits/money without any risc involved in it. where in bai-aa either you have profit or suffer a lose.

Self-education is the best education.

ua-cam.com/video/ucdrbLyGY70/v-deo.html

Good explanation in such short time Jazakallah

The prophet's condemnation of riba was to stop the exploitation of the poor by unregulated money lenders. Banks did not even exist at the time. This has nothing to do with interest in modern regulated financial markets. Read scholars Fazlur Rahman and Abdullah Saeed.

Dear everyone Does anyone have that book? “Man and money” Any one can share with me? Thanks asifmijaz@hotmail.com

Okay I watched NAK's video with an open mind In summary, Noman Ali Khan has massive ignorance on finance. He even admits this in the video that he is a layman and doesn't know this topic in depth. What follows is a very painful video where he keeps making mistake after mistake. 0:58 He's wrong that Riba will cause a society to go bust. Riba is the basis for all modern societies. 2:14 Then he says the opening and closing bell of stock market is like crazy people? LOL 3:03 then he talks about trading on the stock market as its riba???? LMAO, this is beyond stupid now. Buying stocks is not riba!! Stocks are commodities! I have a feeling he has no idea about finance. 4:53 OMG I feel like banging my head on the wall how bad this is. Studying to get an accounting degree (or a computer science degree) is HIGHLY profitable. It worked out extremely well for me. I am making far more with my degree than if I would have delayed studies. Accounting at the university I went to has almost 100% employment rate and some of the most highly paid people I know are accountants. I pay my account $1k for a few hours of work to do my business taxes. 5:45 Now he says you need to spend your whole day reading Quran, but take a few moments to read this random book he's recommending? Oh man. How sad. Keep reading Quran and you will be stuck in ignorance on everything. 7:17 "Muslims have to be convinced our deen has the solution". No, your deen doesn't have the solution. It's actually creating more problems. 8:29 He admits he's just a layman and doesn't know finance. Exactly. No surprise there. 9:40 He's talking about how riba increases house prices. This is called inflation. It applies to the entire financial system. This is because money has time value. There's no way around this. BTW Paying 3-4-5x what the house is worth is not correct. Maybe 2x. 10:32 Now he's saying that a house price is worth less than a piece of gold. Hilarious. Just for fun I looked this up. It goes up and down, the price of gold and the price of homes is not static: "Divide the average price of a GTA home by this figure and you arrive at almost 542 ounces of gold. Compare that to five years ago, when the cost of a house was equivalent to only around 300 ounces of gold. However, gold is one metric by which Toronto home prices actually looked higher in the past. Back around 2005, the weight of the price of an average Toronto home in gold was closer to 600 ounces. That came at a time when gold wasn’t worth as much. It was also higher in the 1980s, when Toronto was in a housing bubble, Porter noted." (Source: GlobalNews article) Now he's saying they got robbed. Dude, sorry but you are an idiot. You don't know anything about economics and you are talking out of your ass. HOW DID THEY GET ROBBED? They got a home and the price of homes appreciates significantly. 11:00 "They jumped the rate from 5% to 8% to 12%"?? WTF kind of mortgage is that? My mortgage is 2.5% and its fixed for the entire five years. Most likely it will be 3.5% when I renew it, but I have paid off a significant amount so my monthly payment will most likely not increase. 11:28 According to this imaginary scenario he just made up, people are kicked out of their houses? LMAO. And the bank sells at a loss of $300,000? LMAO HAHAHA. How would the house be in a loss now? My home has increased around $100k since I bought it, how the hell is he making up this shit? Interest rates go in the opposite direction as house prices, so if interest rates are up so much, that means the house prices have skyrocketed. 11:45 RIba is not a means of oppression in all cases at all whatsoever. He's again overgeneralizing. "When Muslims don't do serious research in this area, we are defeatists". I wish NAK would take his own advice and learn some finance before talking out of his ass, because pretty much nothing he said in this video is correct. 12:40 Some guy became Muslim because Islamic financing is "way too ethical it has to be from God" HAHAHAHAHAH I'm crying here. Did he see Islamic laws on slavery or beating one's spouse? This guy is a clown 　 15:20 We're seeing Allah obliterate riba now with the housing crisis. Buddy, we didn't have a housing or finance crisis in Canada. Because our banks were more conservative. If you overextend, if you lend people to those who don't deserve it, yes you will have a mess. This doesn't mean you throw out the baby with the bathwater.

Please make to subtitle indonesiaan,because we not many understand,the People indonesian very like to ustad nouman ali khan. Thank you..

I have to write thesis on the same topic too. Can you kindly varify the name of the author of "man and money"? Thanks

Is this like bitcoin

ON BEHALF OF OUR BELOVED SHEIKH IMRAN HOSSEIN. IS PAPER MONEY HALAL OR HARAM. IS CRYPTO CURRENCIES HALAL OR HARAM. GIVE US A RULING.

We should form an organization to remove interests from the country and world. Otherwise we can not get rid of interest (Riba) and we should work together and help each other and we should have vast knowledge about Islam and economy to get rid of interest.

May Allah the All-Mighty grant you Jannah, brother Nouman Ali Khan

If I am using these FIAT money and the their money value changes(often drops). Am I committing riba? This topic is so confusing when we are (the poor) got sucked into and born into this riba based economy. SRSLY Who ever tries to solve this Riba based money, get shot in the head. I really can see the the chains on humanity from the devil now. But how in the seven heavens and earth does economy work without intrest?

The start of this topic reflects poor research. Indian scholar, 60's ... author's name is Shaikh Mahmud Ahmad, Man and Money is the book and he was a Pakistani jurist, financial expert and islamic scholar..... can't be so wrong... to begin a lecture. I have limited knowledge, but i wouldnt be giving lectures irresponsibly.

Fatwa by al-Azhar’s Institute of Islamic Jurisprudence is viewed as legitimizing collection of interest or fixed profit in context of Bank deposits. The December 2002 fatwa issued by al-Azhar’s Institute of Islamic Jurisprudence is viewed as legitimizing the collection of interest in the context of bank deposits. This fatwa follows the Azhar view that interest is simply a form of profit on a mudarba and characterises the depositor-bank relationship as that of an investor and his investment agent and legitimized collection of a fixed profit percentage (interest). Text of the query and fatwa Re: Investing Funds in Banks that pre-specify profits Prof. Dr Hassan Abbas Zaki, Chairman of the Board of Directors of the International Arab Banking Corporation sent a letter dated 22/10/2002 to the Honorable Great Imam Dr Muhammad Sayyid Tantawi, Shaykh-ul-Azhar stating the following: Honorable Dr. Muhammad Sayyid Tantawi-As-Salamu alaykum wa raHmatu Allahi wa Barakatuh: The customers of the International Arab Banking Corporation forward their funds and savings to the bank, which uses said funds and invests them in permissible dealings, earning a profit which is distributed to the customers at prespecified amounts and agreed-upon time periods. We request that you kindly inform us of the Legal status of this transaction, Chairman of the Board of Directors, Dr. Hassan Abbas Zaki. Attached to this letter was a sample document for the dealings between an investor and the bank. (The second page has a small sample document informing a customer that his account of LE 100,000 is renewed for the calendar year 2002, with added “return rate of 10%” in the amount of LE 10,000, thus bringing the account balance to LE 110,000.) The Honorable Great Imam forwarded the letter and its attachment to the Islamic Research Institute for consideration during its first following meeting. The Institute convened its meeting on Thursday 25 Shaban 1423 (October 31, 2002) during which time the issue was presented. Following the deliberations and studies of the members, the Institute decided: Approval of the ruling that investing funds with banks that predetermine profits (tuhaddid al-ribh muqaddaman) is Islamic-Legally permissible, and there is no harm therein. Since this topic is of particular importance for citizens who wish to know the Islamic-Legal status of their investments with banks that pre-specify profits, and since there havebeen numerous questions about this issue, the General Council of the Islamic Research Institute has decided to prepare an Official fatwa backed by the Legal Proofs, as well as a summary of the Institute Members’ reasoning, to give citizens a full picture of the issue and instill confidence [in the decision]. The general council presented the full text of the fatwa to the Islamic Research Institute meeting on Thursday 23 Ramadan 1423, equivalent to November 28, 2002. After reading the fatwa and taking account of the members’ comments on its language, they approved the fatwa. This is the text of the fatwa: Those who deal with the International Arab Banking Corporation, or other banks, thus giving their funds and savings to the bank as an agent (wakil) in Legally permissible investments in exchange for a pre-specified profit that is given to them at agreed-upon periods. This dealing, in this form (Surah) is Legally permissible, and there is no Legal suspicion (shubha) associated with it. This follows from the fact that there is no Canonical Text (naSS) in the Book of Allah or the Prophetic Sunnah that forbids this type of transaction, wherein the profit or return is pre-specified, as long as both sides mutually consent to this type of transaction. Allah (Most High) said: “O people of faith, do not devour each other’s property unjustly, but let there be among you trade by mutual consent” (Al-Nisaa 4:29). In other words, O you who have the proper faith in Allah, it is not permissible for you, and not proper for any of you, to devour the property of another in invalid and forbidden ways that Allah (Most High) has forbidden-such as theft, usurpation, riba, and other acts that Allah (Most High) has forbidden. However, it is permissible for you to exchange benefits among yourselves through transactions initiated by mutual consent in a manner that does not make permissible what has been forbidden, or make forbidden what has been permitted. This applies whether the mutual consent is established verbally, in writing, by physical signaling, or in any other way that implies mutual acceptance and agreement of the two parts. In this regard, there is no doubt that mutual agreement over prespecification of the profit is acceptable legally and logically, so that each party may know his rights. It is well known that when banks pre-specify for their customers their profits and returns, those profits/returns are fixed after a detailed study of the international and domestic market conditions, and the economic circumstances in society, in addition to the special conditions and nature of each transaction, and the average profitability of each such transaction. Furthermore, it is well known that those fixed rates of return may be adjusted upward or downward. For instance, Investment Certificates at their inception paid 4 percent returns, whose rate of return later increased to over 15 percent, and then more recently declined to approximately 10 percent. The party that specifies this rate of return that is subject to upward and downward revision has the responsibility of determining that rate, according to the instructions of the specific authorizing national agency. Advantages of this pre-specification of the rate of return-especially during this time in which deviation from Truth and truthfulness is rampant-accrue to the funds-owner, as well as the managers of banks that invest those funds: • The funds-owner benefits by knowing his rights without any degree of ignorance or uncertainty (jahala), and thus can plan his life accordingly. • The managers of banks also benefit from this specification [of rates of return] since it gives them the incentive to maximize their profits to exceed the amount they guaranteed for the funds-owner. Thus, the excess profits after paying the funds-owners their rights accrue to the bank managers as compensation for their effort and diligence. It may be said in this regard: But banks may lose, so how can banks pre-specify profits to those who invest with them? In answer [we say]: If a bank loses on any one transaction, it makes a profit on many others, and thus covers its losses with its profits. This fact notwithstanding, in case of an overall loss, the matter can be referred to the legal system. In summary, pre-specification of profits for those who invest their funds through an investment agency with banks or other institutions is Legally permissible, and above Legal suspicion (la shubhat fiha). This transaction belongs to the domain of benefits that were neither explicitly permitted nor explicitly forbidden (min qabil al-masalih al-mursalah), and does not belong to the domains of creeds or formal acts of worship, wherein change and alteration is not allowed. Based on what has been stated [we rule that] investing funds with banks that prespecify profits or returns is Legally permissible and there is no harm therein, and Allah [only] knows best. (Shaykh-ul-Azhar Dr Muhammad Sayyid Tantawi, 27 Ramadan 1423 AH, 2 December 2002 AD)

no mortgage no loans.. do not declare war against Allah All Mighty

Correction: 'Man and money' was written by Shaikh Mahmud Ghazi and he was a Pakistani jurist, not an Indian scholar .. Jazaak Allah ..

I just love his accent Mashaa Allah!

May Almighty Allah bless you for speaking out about this disease that is killing mankind RIBA ... some of our Scholars Islamic scholars I mean are talking about it like sheikh lmran Hosein of Trinidad and Tobago May the Almighty Allah bless him and all the scholars of Islam we're talking about it may Allah help us is not an easy fight but we must have faith ....

when did this translator become a Shaykh now!

making money while you are sleep is not wrong or Haram yet the way you are doing that. eg: if you are sleeping partner with an investor who trade in Halal commodity then no problem, however if you are not sharing in loss ..this is the problem or Haram (and Allah knows bette).