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HOW RIBA (INTEREST) IS DANGEROUS - Animated Islamic Video
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- Опубліковано 14 тра 2017
- HOW RIBA IS DANGEROUS & MODERN DAY OPPRESSION! - Nouman Ali Khan Animated Islamic Video
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In this video Nouman Ali Khan talks about how Riba effects society and robs people of there hard earned money.
Riba and Trade is not the same because trade is when risk is involved in the transaction and it is business related & involves hard work whereas with riba the banks earn money on interest without doing anything hence making them richer and richer and on the opposite side it make's the poor even poorer.
Allah give's us a clear warning in the Quran to stop using riba & if you have used riba in the past you can keep that amount but from now avoid it at all costs!
It is a big evil in society and muslims should work to find alternative's to riba.
One dirham consumed in riba is equal to 36 acts of fornication! Which show's us the severity of the matter!
Riba is one way to the hellfire. Also riba = Punishment in the grave!
O you who have believed, fear Allah and give up what remains [due to you] of interest, if you should be believers.
And if you do not, then be informed of a war [against you] from Allah and His Messenger. But if you repent, you may have your principal - [thus] you do no wrong, nor are you wronged.
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Peace be with you :)
How true! This is what's happening in the world right now, homes are becoming more and more expensive because of riba or greed
If the only way you can afford a house in one country is to get a mortgage, then leave that country and move where you can afford a house all paid off. It’s better than committing a major sin.
Easier said than done. Should we abandon our elderly parents and family for another country?
That might be also too much for people.
Islamic banks are no different hough, they will give you the mortgage at the same price as a conventional mortgage.
@@eliasziad7864because they hide the interest but it’s still there. Those are not true Islamic banks
@@EB-gt1pqWhat is more important for you? Your parents or your religion??
If you don’t want to leave that country, you can look for a rent.
SubhaanAllah .May Allah swt protect us from interest.Ameen😔
Aameen
Ameen
Ameen
May Allah save us from the final of instrest
Ya Allah protect me from riba n bribery
Jazzakh allah khair, for sharing
Many countries have recession and inflation and yet they have productive capacity (GNP and GDP). The markets are there, as every year the world population is on the rise. Raw materials and commodities are there - there is more mining and agriculture output using modern efficient technologies. Yet you will find weak economies, problems with banks, rising costs, unemployment, currency devaluation etc. These are the ills of interest or usury (Riba), and every part of society suffers. Islam is right to prohibit this practice and it is amazing that in our big economies we can see the harm Riba brings.
JazakAllahkheir
Maasha Allah very well explained
Thank you...
Truth....there should be UBI instead of RIBA to replace ungodly greed with godly giving....
I hope I can find same this video in Arabic language, I couldn't understand everything,
Thank you for your pretty good way to explain Reba 👍🏻👍🏻👍🏻
What to do? What to do for riba how should we avoid it are credit cards forbidden ?
I LOVE YOUR DRAWING, MASHA ALLAH
i'm pretty sure the computer is doing the drawing.
Spot on someone see's through false profit.
thank youuu
may peace e upon you, may allah extends your knowledge
true.iwant all muslim have strong body, have highest intelligent and strong faith
I don’t have a Muslim backgroundand I try to avoid Riba as hard as I can.
jazak Allah Khair
Is the interest we get on fixing the money in bank for some fixed interval, is riba. My father says its profit and not riba. How do I make him understand that it is riba?
Strength 111 Make dua to Allah first the you could try reasoning with him.You could ask him 'is that money you're earning, hard earned money, did you work for it, did you spend your time making that money? If no then it isn't profit. You buy material or assets make a product or offer a service then the cost subtracted from the money(your sales) that comes in through the services is profit.' I wish you all the best.
What was the name of the book he is talking about, you cut it from the video.
Which book Ustad is talking about in the beginning written in 60's? Kindly let us know. Thanks
i took student loan for my class . WORST DECISION EVER i still have 2 month left of school and i dont know how im gonna finish , i feel so depressed and i got HUGE misfortune this year with many bad things happening too me ! And i think it because of student loan . Let Pray and ask Allah to help us and forgive us .
Mashallah
Alhamdulillah
Subhanallah
Its that simple yet people don't get it deliberately or undelibertly.That is anothet prove that islam can solve the entire humanity's problems.
Even our money (USD/FIAT) is based on riba’. We are the generation where nobody will get away from riba’ and the best way we can do is to minimize it.
Wow. I always knew about this. Interest on money is the root cause of inflation.
Can someone pls guide me to the thesis Nouman Ali Khan is referring to in the beginning. About effects of interest in society. Done in India in 1960s he has mentioned. Pls help.
May we helped by Allah Almighty to to give up all kinds of interest as are informed of a war against them from Allah and His Apostle p.b.u.h.
Is the money made from network marketing riba?
Salam. May i have the link for full video. Or the title so i can search for it
who is the reciting the aaya at the first of the video
Does anybody have thesis he mentioned in the video? the effect of riba on society.
kindly share the thesis that noman ali khan is talking about i want to read it
search up " Sheikh Imran Hossein" for more details on this subject
Hosein is an entertaining speaker, but he just rants on that interest and banks are bad. He has no alternatives for finance.
“No generation has a right to contract debts greater than can be paid off during the course of its own existence.” ~Thomas Jefferson
What's the name of that book?
Please help make video subtitle indonesia. Thank you
I didnot understand yet nathing, please explaine essely how we can do deel with the banks , por exemple we want buy some thing the price 50,000 € , and we take this from islamic bank, how the bank give this amount i mean what is the conditions for give back to the bank this amount .and whtat will be the duration for give back to bank ? and what amount i should pay back the bank ? thanks
The bank will buy it for you for 50,000, and ask you to pay back a total of say 70,000 in installments over several years. So they make 20,000 profit like any other bank.
Here are 21 tips from our Prophet (saws) to help you erase your sins :
1) Repenting Allah says : "O son of Adam, so long as you call upon Me and ask of Me, I shall forgive you for what you have done, and I shall not mind. O son of Adam, if your sins reached the clouds of the sky and if you then ask forgiveness of Me, I will forgive you. O son of Adam, were you to come to Me with sins nearly as great as the earth and were you then to face Me, ascribing no partner to Me, I would bring you forgiveness nearly as great as it." [Hadith Qudsi]
2) Performing Prayer The Prophet (saws) said :"When the time for a prayer comes, if any muslim performs ablution well and offers his prayer with humility and bowing, it will be an expiation for his past sins, so long as he has not committed a major sin; and this applies to for all times." [ Muslim ]
3) Performing Wudhu (ablution) The Prophet (saws) said :"He who performed ablution well, his sins would come out from his body, even coming out from under his nails." [ Sahih Muslim ]
4) Attending the Jumu'ah Salah (Friday Prayer) The Prophet (saws) said :"The five prayers and from one Friday prayer to (the next) Friday prayer is an expiation (of the sins committed in between their intervals) if major sins are not committed." [ Sahih Muslim ]. "Whoever takes a bath on Friday, purifies himself as much as he can, then uses his (hair) oil or perfumes himself with the scent of his house, then proceeds (for Jumua prayer) and does not separate two persons sitting together (in the mosque), then prays as much as (Allah has) written for him and then remains silent while the Imam is delivering the Khutba, his sins in-between the present and the last Friday would be forgiven." [ Sahih Al-Bukhari ]
5) Waiting for Prayer Messenger of Allah (S.A.W.S) asked : "Shall I not tell you of something by means of which Allah erases sins and raises you in status?". They said :"Yes, O Messenger of Allah." He (saws) said : "Doing wudoo' well even when it is difficult, taking many steps to the mosques and waiting for praying after prayer. That is (equivalent) to guarding the frontier." [ Muslim ]
6) Doing good deeds Do more good deeds because Allah said :" Verily, the good deeds remove the evil deeds (small sins)." [ Quran : 11 verse 114 ]
7) Performing Umrah and Hajj The Prophet (saws) said :"Whoever performs Hajj for Allah's pleasure and does not have sexual relations with his wife, and does not do evil or sins then he will return (after Hajj free from all sins) as if he were born anew." [ Sahih Al-Bukhari ] "The performance of Umra is an expiation for the sins committed (between it and the previous one). And the reward of Hajj Mabrur (the one accepted by Allah) is nothing except Paradise." [ Sahih Al-Bukhari ]
8) Saying 'Ameen' after the Imam The Prophet (saws) said :"When the Imam says 'Ameen', you should all say 'Ameen' at that time, and he whose 'Ameen' coincides with the 'Ameen' of the angels, all his past sins will be forgiven." [ Bukhari ]
9) Calling out Adhaan The Prophet (saws) said :"The muadhin (the one who call out the prayer) will receive forgiveness to the extent to which his voice reaches, and every moist and dry place will testify on his behalf; and he who attends (the congregation of) prayer will have 25 prayers recorded for him." [ Aby Dawud ]
10) Walking to the Prayer Place The Prophet (saws) said :"If he performs ablution completely and then goes to the mosque with the sole intention of perfoming the prayer, and nothing urges him to proceed to the mosque except the prayer, then on every step which he takes towards the mosque, he will be raised one degree or one of his sins will be forgiven. The angels will keep on asking Allah's forgiveness and blessings for everyone of you so long as he keeps sitting at his praying place. The angels will say, 'O Allah, bless him! O Allah, be merciful to him!' as long as he does not do a thing which gives trouble to others." [ Bukhari ]
11) Giving charity The Prophet (saws) said :"The charity erases the bad deed like the water puts out the fire." [ Tirmidhi ]
12) Asking forgiveness from others on wronging them The Prophet (saws) said :"Whoever has oppressed another persons concerning his reputation or anything else, he should beg him to forgive him before the Day of Ressurection when there will be no money (to compensate for wrong deeds), but if he has good deeds, those good deeds will taken from him according to his oppression which he has done, and if he has no good deeds, the sins of the oppressed person will be loaded on him." [ Bukhari ]
13) Reciting Salawaat (Blessings) on Prophet Muhammad S.A.W.S The Prophet (saws) said :"He who sends blessings on me once Allah sends blessings on him ten times and removes from him ten times and raises him by ten degrees." [ al-Nasa'i ]
14) Being kind to animals The Prophet (saws) said :"A prostitute was forgiven by Allah, because passing by a panting dog near a well and seeing that the dog was about to die of thirst, she took off her shoe, and tying it with head-cover she drew out some water for it. So Allah forgave her because of that." [ Sahih Al-Bukhari ]
15) Praising Allah after Eating Food The Prophet (saws) said :" He who has taken food and says at the end : Al-hamdu lillahi-lladhi at'amani hadha, wa razaqanihi min ghairi haulin minni wa la quwwatin (All praise is due to Allah Who has given me food to eat and provided it without any endeavor on my part or any power), all his past (minor) sins will be forgiven." [ At-Tirmidhi ]
16) Removing Obstacles from the Road or Way The Prophet (saws) said :" While a man was on the way, he found a thorny branch of tree on the way and removed it. Allah thanked him for that deed and forgave him (his sins)." [ Bukhari ]
17) Hide Other's faults and sins The Prophet (saws) said :" He who conceals (the faults) of a Muslim, Allah would conceal his faults in the world and in the Hereafter. Allah is at the back of a servant so long as the servant is at the back of his brother." [ Sahih Muslim ] He (saws) also said :" The believer will be brought close to his Lord until He conceals him and makes him confess hin sin. Allah will say, 'Do you remember such and such a sin?' The man will say, 'Yes, I admit it.' The Lord will say, 'I concealed it for you in the world and I forgave you for it today." [ Bukhari ]
18) Observing Patience during Hard Times The Prophet (saws) said :" Whenever a believer is stricken with a calamity (discomfort, illness, anxiety, grief or worry), even the pricking of a thorn, his sins are expiated for him." [ Bukhari, Muslim ] He (saws) also said :" When Allah loves someone He tests them, as for whoever is content Allah is pleased with him, and as for whoever is discontented, Allah is displeased with him." [Tirmidhi, classed as Hasan]
19) Making some dhikr The Prophet (saws) said :" Whoever says, 'Subhan Allahi wa bihamdihi', 100 times a day, will be forgiven all his sins even if they were as much as the foam of the sea." [ Sahih Al-Bukhari ] He (saws) said :" If anyone glorifies Allah after every prayer 33 times (SubhanAllah), and praises Allah 33 times (Alhamdulillah), and declares His Greatness 33 times ( Allah hu Akbar ), ninety-nine times in all, and to complete a hundred says : 'La ilaaha illal-lah wahdahu la sharika lahu, lahul-mulk wa lahul-hamd wa huwa 'alaa kulli shai-in qadeer' his sins will be forgiven even if these are as abundant as the foam of the sea." [ Sahih Muslim ] He (saws) said :" If anyone says: Astaghfirullah-alladhi la ilaaha illa Huwal-Haiyyul-Qayyoumu, wa atoubi ilaihi ( I seek forgiveness of Allah besides Whom there is non worthy of worship, the Ever-Living, the Self-Subsisting, and I turn to Him in repentance ), his sins will be forgiven even if he should have run away from the battlefield." In another narration, these words are to be repeated 3 times. [ Abu Dawud, At-Tirmidhi and Al-Hakim ] He (saws) said :" If anyone sits in an assembly where there is clamor and says before getting up to leave 'Subhanaka Allahumma wa bihamdika, ash-hadu Allah ilaaha illa-anta, astaghfiruka wa atubu ilayka' (Glory to be to You, O Allah, I begin with declaring all praise is to You, I testify there is no god but You; I ask Your pardon & turn to You in repentance), he will be forgiven any sin (of the tongue) he might have committed in that assembly." [ Tirmidhi]
20) Saying 'Subhan-Allah' 100 times Sa'd bin Abu Waqqas ( May Allah be pleased with him ) reported : We were with the Messenger of Allah (SAWS) when he asked :"Is anyone of you unable to earn a thousand good deeds?" One of those present asked: "How can one earn thousand good deeds in a day?" He (SAWS) replied :"By saying :'SubhanAllah 100 times, then 1000 good deeds will be recorded for him or 1000 sins will be blotted out from his record." [ Muslim ]
21) The best duaa for seeking forgiveness is to say : "Allahuma Anta Rabbi, la ilaha illa Anta, khalaqtani wa ana 'abduka, wa ana 'ala 'ahdika wa wa'dika mastata'tu, a'udhu bika min sharri ma sana'tu, abu'u laka bini'matika 'alayya, wa abu'u laka bidhanbi faghfir li, fa innahu la yaghfirudh-dhunuba illa Anta." (O Allah! You are my Lord. There is no god except You. You have created, I am Your slave, I hold to Your Covenant as far as I can. I seek refuge in You from the evil of what I have done. I acknowledge the favours that You have bestowed upon me and I confess my sins. Pardon me, for none but You has the power to pardon). He who supplicates in these terms during the day with firm belief in it and dies on the same day (before the evening), he will be one of the dwellers of Jannah; anf if anyone supplicates in these terms during the night with firm belief in it and dies before the morning, he will be one of he dwellers of Jannah." [ Al-Bukhari ]
May Allah erase our sins and save us from the torment of Hell. Ameen
But what about inflation.
Inflation rises, that's why interest or riba is important.
If there is no riba, then people will have loss of money. Because you banned riba. But inflation is still rising day by day.
Isn't it? If so, then please educate me.
But you have to consider the price of that particular property is also increasing at the times goes by so you just blame it is only for the Bank interest?
In my understanding, whrn poor people take personal loan from thr loan sharks with high interest, which they pay weekly or fortnightly, those interest earning, squeezing the poor is haram. But ifbu want buy a house or car in a loan, bcoz u dont have full finance with u, then obviously u have to pay extra, coz financing by bank is not free servicr.
SOS
What to do when living in a non muslim majority country where ribah is a very very general and common thing?
We have to have bank accounts. We get our salaries in them. If we've got to make a heavy transaction it better not be by cash otherwise the income tax department is gonna chew your brains off. There's no practical way to keep money safe except banks. So what to do?
Someone please advise me on this. I'm unable to find a solution or an alternative to ribah for past many years .
Google : "Cryptocurrency"
and "Bitcoin"
Cryptocurrency is the most secure platform for money
please can you translate in french
barak allahufikoum
The part about they shall be touched by satan (mas) that is i believe not in Dunya but indeed in Akhera the resurrection time, they shall not stand except like those who have been touched by satan, i believe so...
Interest itself has lifted so many out poverty too... grameen bank in Bangladesh was so successful the government nationalised it... giving small loans to very poor people to start businesses and free them from factory slave condition that are the only option for most people.
You can give the poor people interest free loans. Nothing to do with interest/riba. As a matter of fact, this is exactly exploiting poor people, making them pay more for the loans that were given out and take advantage of them. If the effort was truly altruistic, there wouldn't be interest involved to begin with.
@@ZiadHatahet nice caught him slipping
BEST CHANNEL EVER
Who give loan without any benifits "King or Government " How it works "same government manufacturing curencency and same government collecting tax and same government collect zakat" how curency works, who munfacturing and who is using and tender or buy material.. Understanding currency WIRKING phenomenon and mechanisam. Who made curency??
Please if u can answer my question, i know its a very basic question but i can't able to figure out the rite answer. Is it allow to invest or purchase saving certificates from Government based investment programs like the one in my Country Pakistan which is called National Saving Center to earn monthly profit. For example they are offering about 10 to 11 percent on purchasing of certificate. It will be very kind of you to give me a satisfied answer. May Allah bless you with more knowledge.
The thing is if they lose you also lose some if they win you win
Is working in a bank haram?
We live in india what to do?
But then because of the increase in Housing price, rent prices ALSO increase as a result.
question: so if you buy a house and you pay for example 100k and 10 years later its worth 150k are you not allowed to sell it for 150?
No because the increased price came from the house itself not from the time of your debt
To make it simple if you have a guaranteed 100% percentage increase in your new purchase after some time regardless of any logical factors that could affect the price then it is a riba
But if you think it will increase with a probability of 99.99999999% because of your well done research then it is an investment
In your example it could go either direction
Towards 150k or 50k
assalamualaikum i have jst going to join a bank as an assistant manager and i am from india so my earning is haram or halal please guide me i stuck in that
MsSohail72 This link will give you your answer whether bank jobs are Halal or not. May Allah help us and makes path to His obedience easy upon us.. Ameen.
islamqa.info/en/26771
Apply other halal jobs asap. Leave the haram job.
So should we get rid of our credit card and bank account?
Jesus AS Is Coming Mehdi AS is Coming thanks for the answer. Or you can take the interest off of your bank account and give it to charity
I will pay rent my whole life if I can't afford to buy a house, but I will never take a loan from a bank
What is the name of the book written in India?
CRIMES COMMITTTED BY WEST ON HUMANITY lots of book are written over this. Go to the website of dr. Nejhatullah Siddiqui and dr Shariq Nisar
Is selling a house at a higher price than you bought b4, is it halal or haram???
sumaiya605 I wanted to ask I'm living in rented property should I stay in one all my life? Because I can't afford full price house
Who is the qari of initial ayat?
Mishary alafasy
Islamic Banking is a back door riba. And my country Malaysia is plagued by it blinding people out thinking it is halal by the decree of muftis
From the begining i wanna say that I don't agree taking a loan of any kind in any circumstances but you are missing in purpose or by mistake on of the most important thing about money, market and value. That is called in INFLATION. The value of the money is given by gold ( just in case you did not know) so the money value can increase or decrease but if course there are a lot of more factors that can interact with the value. In short words those £20000 it won't value the same after 35 years. Supposing the house is in the same condition after 35 years ( the value of the house didn't increase or decrease) but the inflation went up every year to calibrate de value of the money. That house without a doubt will cost at least £78000. And that it's just the inflation.
Bogdan Onofrei instead of writing ignorant paragraphs, understand how inflation happens you numbnut
The value of money is no longer decided by gold. Today it's decided by even more volatile stock markets and other things. Inflation is also a big issue, which riba lenders make use of to their advantage (it's basically a cycle)
Ziad Hatahet The stock market has no influence on inflation, and banks use interest to hedge or “protect” themselves from inflation. Inflation, when kept a stable rate, is actually very healthy for an economy (opposed to either deflation or no inflation)
I agree riba is a fitna.
What's the alternative.
Secondly how many mosques are on monthly rent.
Thirdly isn't it a bigger fitna if I live in a rental apartment , give that money to some one else so he can be a apartment owner, risk safety of my family and myself by living next to alcoholics and drug users.
For a very short while I thought this talk was about the RIBA, the Royal Institute of British Architects :-)
Are you serious 🤑
Bibi Habiba Joomratee , yes but it was a VERY short while. But the initials RIBA do stand for the Royal Institute of British Architects and has done for nearly 200 years. It represents over 30,000 of the profession in the U.K.
The error lies with UA-cam dumping this video about a different RIBA (that I couldn’t care less about) into my news feed :-)
@@johnkellett7797 same to me for a short while because in Italy RIBA mean Ricevuta Bancario, :-)
why should someone give you money while taking the risk involved as well banks are not charity they are business thus needing profit of some amount to keep existing without riba why give money, why take risk ,why not just sit home not taking any risk and housing prices sky rocket because people see these homes as investment thus sellers at higher prices and the prices continue to increase other problems can be legislation, lobbying by companies to make laws that benefit them So riba is not the only problem which is cause problems inflation,stagnant wages the list goes on
Is receiving $0.01 interest in my savings account consider riba
Selamın Aleyküm. I am Turk.I dont understand English very good. Please, can you translate this video Türkish ? Please.
Allah razı olsun şimdiden.
Moskovskaya Narodnaya he is frm Pakistan bro living in usa
Assalamualaikum wa rahmatallahi wa barakatahu... Please learn English and Arabic... Very beneficial
Herhangi bir kredi faizi için faiz ödemesi “haram” dır ... Faiz bir nesneyi sürekli olarak artıracağından gelecek nesiller için hayatı zorlaştırır
fidel catsro kredi kartı kullanmak haram mı yani :(( allahım ne yapacağız o zaman kafam çok karışık
@@asadmomin6178 what Московская народная? Αυτός μιλάει английский and χρησιμοποιεί κάποιες λέξεις На арабском... 😂😂
How do I pay for tuition for university?
Moskovskaya Narodnaya where did u hear it’s eternal helfire as the punishment?
But what if you get a mortgage, at a fixed interest rate, and then pay it off?
Still riba, if you couldn't finish the payment the bank would foreclose your house and take all the money you've paid.
Mahayar Muttaqin but this part that the bank is taking the house to sell if the buyer can not pay is under my understanding not haram
@@zakirnaikahmaddeedat3651 depends if you signed a recourse or no-recourse agreement.
@@halloich1868 I think you are correct, if you did not pay the loan then the house is not yours.
interest is haram
What's the name of Nasheed?
shahramashrat lol
Name of the nasheed??!
Ngadhnjim Fetiu the way of the tears
The value of currency decreases year after year ..
For example before 20 years our parents salary was 2000 rupees now it is 20000 rupees .
Y ?
It's all terms come in effect, size of population, inflation, depreciation of currency e..t.c
The whole world is not Muslims .
We have to find some way for Muslims to compete out there
I agree. Muslims should team up and lift each other out.
Oppression upon Oppression.
Masya Allah! True!
assalamualaikum. Where I can get more video about Islamic Economy and the institute? I haven't found any ,I found yaqeen institute as a foundation , which we can learning Quran through research. How is about Islamic finance? Is there any? Most of company use conventional economic system. Also, I am now studying in conventional management study program and automatically I learn about interest too
Nabiila Humaira I am also trying to do that, what I find is, we have few schoolars who work over this, you can follow them like Dr. Nejhatula Siddiqui, Dr. Shariq Nisar there is enough material written on this, but no practical implementation ( and this is the biggest argument against Islamic finance)
I think he means: boom then bust.boom then bust, boom then bust. Every 12 years or so.
It says in the quran that God and his messenger are at war with person who eats interest. This definition does not include one giving it. Only if you take it. However it states in the quran what you give in riba to increase other peoples wealth does not increase with God but charity does. Now notice that war is not declared on ones who give. Because obviously people who are giving it are already being punished.
Imran Shawl and T l, look at this hadeeth though: Jabir said that Allah's Messenger (ﷺ) cursed the accepter of interest and its payer, and one who records it, and the two witnesses, and he said:
They are all equal.
حَدَّثَنَا مُحَمَّدُ بْنُ الصَّبَّاحِ، وَزُهَيْرُ بْنُ حَرْبٍ، وَعُثْمَانُ بْنُ أَبِي شَيْبَةَ، قَالُوا حَدَّثَنَا هُشَيْمٌ، أَخْبَرَنَا أَبُو الزُّبَيْرِ، عَنْ جَابِرٍ، قَالَ لَعَنَ رَسُولُ اللَّهِ صلى الله عليه وسلم آكِلَ الرِّبَا وَمُوكِلَهُ وَكَاتِبَهُ وَشَاهِدَيْهِ وَقَالَ هُمْ سَوَاءٌ .
Reference : Sahih Muslim 1598
In-book reference : Book 22, Hadith 132
@T I I believe in both the Quran and the Sunnah altogether. Both come hand in hand, this is the light we are given to find the path to happiness (59:7; 2:31; ...etc). I am not arguing here and not trying to win a debate, this is not allowed in Islam. I just provide some extra information, an advice because the Quran says "and remind, for indeed, the reminder benefits the believers" (51:55). Thank you.
@@rania6882 hi rania thanks for informing of this hadeeth and I am aware of it. This hadeeth kinda makes me think about 3 things.
1) why didn't God clearly curse the people who give interest in quran.
2) still acknowledging some hadeeth are valid and went to an imam with this hadeeth. See I dont earn interest but like any Muslim living in north America life is hard without owning a house. The imam came to the conclusion that I can take a mortgage because life is hard without it. If you dont you are still paying someone else's interest and they can treat you like shit. So mortgage yes for a home I was told. Car insurance is also yes.
3) some of the hadeeth are questionable and not strong. Like quran is protected but some hadeeth dont follow the quran.
@@shaolinmonkk6248 Assalamu aleikom Imran, thank you for your message. MashaAllah, it tells a lot about you brother that you made the effort and went to talk to an imam about your concerns, which means you love Allah SWT and you care to please Him. Brother, I live in North America as well and there are Islamic institutions that help you buy assets (a home and a car) without Riba. I will provide the link at the end of this message. I am an Arab, Arabic is my mother tongue so this gave me one little advantage (although non-Arab get higher reward when reading Quran because of the effort they make due to language barrier), I can read the Quran and sunnah and do extensive research without losing 20% in translation, and this places responsibility on my shoulders and other Arab scholars to do the same and explain to our Arab and Non-Arab brothers and sisters, this is our duty because Allah SWT will ask us about this soon. As far as I've learned (I am still learning everyday so please make your own intensive research and do not just trust my word)There are three cases only in which the jama'a (ummah scholars) agrees upon for the necessity to break a shariah law : 1. If you are scared of being killed 2. If you are scared that you might lose one of your limbs (amputation) 3. If you will lose ALL your money, this is what I have leaned so far and Allah SWT knows better. And I am afraid to tell you that this imam might have not landed on the right fatwa about the home mortgage (may Allah SWT reward him for trying, but this is a serious topic and we only consider the decision that the Sharia agreed upon). If every one will think this way then we will start losing our identity and give up on our book and sunnah little by little as you can see around you, brother. Also, in the final sermon, the Prophet PBUH told us to hold tight to the kitab and sunnah, the kitab has the outline and the sunnah has the details. For example the Quran tell us : Pray, fulfill pilgrimage, etc. But the sunnah shows us how to do it. The prophet PBUH was Quran on feet (i.e. He is our example to follow). Unfortunately, the lack of knowledge Muslims have about their own book made it possible to many people to start (intentionally or unintentionally because of their ignorance) sowing the seeds of fitnah by spreading the word that the sunnah is not preserved therefore we follow the Quran only, or we cherry pick from sunnah, this is what the prophet PBUH warned us about 1440 years ago, so please hold tight to his final sermon when he told us to hold tight to the kitab and sunnah. The only way to make it to paradise is to learn the kitab and sunnah and practice it because it is a book of guidance like a user manual. Listen to the lectures of Mufti Mink, Nouman Ali khan, Yusef Estes. Or Arab scholars if you understand Arabic (I can recommend some good names who follow the book without having hidden self-interests).There is no mystery in our religion, everything is clear, we just need to learn and research well. What the imam told you won't excuse you in front of Allah SWT, because we need to do our research and make sure that the fatwa x or y has given us is compatible with the Ummah's decision on the topic. The burden of proof is on us because we have rational thinking brains and sound fitra that tells you automatically what is right and wrong, it punishes you when you go stray.
@@shaolinmonkk6248 Here are the links to Islamic financing. I've financed my car through this place (Auto Island Credit in Birmingham) at 0% interest and I am paying at my own convenience. The Ijara is for your house, try to get rid of the riba mortgage and switch to the Islamic option because this conversation wouldn't have happened in the first place except because Allah SWT loves you. Allah says : if there is good in their heart He shall let them hear. Pray to Allah SWT to help you out of this riba loan, He listens and He loves us that is why He created us and sent us guidance, just follow the Quran and Sunnah brother, don't listen to people who follow their desires and mislead others by their ignorance. Please try to look at the first two videos, they will give you a better idea about the danger of riba. I am working on my PhD in economics (alhamdulillah) and I am a practicing Muslim (alhamdulillah), I advice you not to follow the crowds blindly, the words "very few" is used in the Quran to describe those who are on the right path, and the words "most of" and "majority" are used to describe those who went stray. May Allah SWT guide us and enlighten our minds with the light He has given us : the Book and Sunnah.
1. Islamic finance: ua-cam.com/video/D_E6UFALHRE/v-deo.html
2. How Islamic Banking works: ua-cam.com/video/oz1OcchP0y4/v-deo.html
3. Ijarah, Halal Islamic financing for assets in USA and Canada: ijaracdc.com/ 4. Auto Island Credit in Birmingham: www.autoislandcredit.com/listings/
Please feel free to reply to this comment if you have any questions.
That is not how riba is described in the Quran. Riba is when someone in need borrows money till the end of the month(for example). At the end of the month the lander will ask for his money back pay what you owe now or pay it twice next month. Of course the borrower can't afford to pay the principal nevertheless paying 3-4 times the amount owed so he ends up being the slave of the lander.If
This days the closest thing to the above example are credit cards ? Charging people 30% 40% on the pricipal.
Riba is whenever interested is added to initial amount of money (loans/deposits). It doesn’t matter if it’s mortgage, credit card or if a poor person is borrowing money with interest.
...what is the solution though, to be is haram but renting can also be riba that increase every year for the exact same place so should we accept this because they don't call it interest.? Paying for something that doesn't belong to you and will never belong to you is ok.
I really would like to hear from these speakers on ways of avoiding riba, are they all renting? Do they own cars? It's easy if you have access to cash . Please tell us how to manage in ame rica without interest if you are not wealthy. But need a car and hone
.
And another thing. I'm gonna ask you a question. Would you sell me the house with the same price that you paid 35 yrs ago?
Bogdan Onofrei ........ I am not a scholar but i think yes. What I know from islamic Shariah the hala currency remains flat over time or stable ....NOT LIKE TODAY'S TOILET PAPER MONEY WHICH VIOLENTLY FLUCTUATE LIKE HARAM INTEREST OR RIBA. Unfortunately all muslims countries are involved in it with petro-dollar ponzy haram scheme of america when it unpegged toilet paper dollar from gold and inflate it like a maffia boss with total monopoly to rip off the poor which is riba or haram.
ALMIGHTY MERCIFUL CREATOR ALLAH SUBHANATALLAH KNOWS BEST
@@jahan360 Well what about investing money in government issued bonds? If I buy a five year long bond I will get interest of 9% for five years and government will invest that money for infrastructural developments, and if I withdraw that money before five year term I have to payback all the interest to government. *How it's harmful to society?* And if government don't take money from internal resources (like it's citizens) then they have to borrow from IFM or other Big time loan sharks or even from another governments. Which later we the citizens have to pay by over taxation!!
Is there anyone educated enough to explain about this bond process? How it is Haram? And forcing government to borrow from other than its citizens is okay? Anyone care to explain?
The dollar price for the house will be higher but the value remains the same. Because the value of dollar money is always decreasing. It is important to note that riba is only apply for FIX interest rate while money's value is fluctuately decreasing. It is unfair for people to pay more than the real value. Thats why it is prohibited.
@@My_Big_Dragon Well, can I ask u whos gonna pay u the 9% interest rate? Your government. Whos your government? The government is people who live in the country because they pay taxes.
Now u have became the money lender with 9% interest rate over your own people. When FIX interest rate involve, it is haram. Money's value is never fix and always change from time to time. Imagine when u get 9% eventhough the money only decrease 2%. Where the extra 7% came from? Your people's tax money. If the interest rate is not fix and follow the current money's value, it is halal. Hope u get what i mean.
As Muslims we are convinced that Riba (interests and alike ) is Haram ( forbidden) ,and a great sin as Quran says you are fighting Allah if you deal with Riba .BUT the question is at least for us Muslims who live in west where the whole financial system is based on Riba what should we do : we must have bank accounts, we need to buy ,houses some of us are business owners .....there is now way you can live in west and be financially successful without touching Riba ,the beloved shiekh Nouman khan im sure he has a bank account ,and maybe credit cards....car payment a house he might paid for it cash but not all Muslims can do that so i think our respectful imams in west need to give us a practical solutions to this problem ,all i see as a Muslim living in Us is imams warning us about Riba may Allah reward them for preaching and reminding without guiding us to the Halal alternative ,now the so called Islamic finance in west is the wild west tens of organizations or claiming to be 100% Halal and sharia complaint : loans,mortgages,investments ...using confusing terms such as musharakah ,murabah ...(im an arabic native speaker ) till didnt understand all this gibberish fiqh wana be terms .
وكل يدَّعي وصلاً بليلى .... وليلى لا تقر لهم بذاكا
And each claiming a connection to Laila .... And Laila does not acknowledge that
then comes brother Safdar Alam ليزيد الطين بلة :adding insult to injury (please check his twitter) who worked in islamic banking said that 99% of these banks are NOT ISLAMIC ..a man who is an insider and seems to have a great knowledge of Islamic finance
Assalamu'alaikum,let' viral it!
In Belarus Apts costs less now than 15 years ago... Everybody run away from there...
This is how dangerous riba is my brothers and sisters don’t do it be careful from it
I have always borrowed money from Bank and always made good money even after paying interest
Yes you did. But did you hear the video? It's oppression! Oppression on the whole society! Maybe you'll be fine, maybe even your child, but majority will suffer. See the big picture. That is Islam!
Lol glad this has worked out...all those muslim countries are.doing.great economically
Sadaka (charity money) i believe can reverse the effect of Riba (usury), also jews believe that usury among themselves is forbidden in judisasim but acceptable to charge interest from none jews as they look down to all other non jews and consider them noneworthy...
You cant run modern corporations on charity!
I just wanna go university
Easha Ahmed don't if it involves riba
If you live in the state, then you should be able to afford community colleges without taking any loans. Try to get good grades in the community college, you may get the full scholarship to university. You can always work Part Time and save money. A lot of companies also provides tuition assistance for their employees. You can try getting an entry-level job with a company which pays for your tuition. May Allah help you to achieve your goals, Ameen.
Get a part time job, save up, ask family members for help (and pay them back later on in sha Allah), spend wisely, apply for scholarships and bursaries and keep asking Allah. May Allah help you fulfill your halal wishes in this life and bless you sis, ameen.
Success is within Allah's law
If you seek an alternative you will find on. I was adamant and I found one alhamdulilah
Please stop ads because some ads are unislamic
then how do you finance big projects? I personally think ppl should save up for a house and car and shouldn't buy goods and services they cant afford with money they don't own. How ever what about big projects non personal things like if a poor country want to build a port but don't have the money to do so or they want to build an airport or roads and highways or rail ways or metro develops their industrial sectors needing big machines how do they finance these projects which could cost billions of dollars! in history every country or government has borrowed money to build their infrastructure including muslim countries. what are the alternative ways to finace big projects then ?
and let other nations and multinationals take over right? smh..
@@abdelhassan5225 A country can make their own bank and currency. Borrow from there without interest. Kind of similar to the central bank but just without riba, because the central bank makes money out of thin air anyways.
I don't understand suppose i buy a house at 1000 dollars after ten or twenty years i sell it it could be the price increase due to collapse of currency ca anyone explain this
In French please
Assalamualaikum my muslim brothers and sisters i need a help from you m from india my dad is having a debt of 15 lacks indian rupee in which there is high amount of intrest money also included kindly help me for making my akhirah better . soon i will returns the money inshaallah
Please help .. How can i buy a house without interest .. I can't pay cash
Assalamualaikum (Peace be with you),
If a house is, say, $200,000 you could possibly collect this money from friends and relatives. After you buy the house, you can pay the money back to your friends and relatives without interest.
If that is not possible, than other options include:
-Rent
-Saving up money
-Start a side business to earn more money
-Exploring Islamic Finance options , where house can be given as hiba(gift).
Finally these are the affairs of the Dunya, inshallah there will come a day in your life when you realise it is worthless, and the only thing worth stressing over is al-Akhirah. Seriously. Death could come at any moment.
Peace be with you :)
Adrian Farhan
make lot of istegfar, inshallah allah saw will open a way for you.
Islamic banking is silly. Like Islam itself.
If you don't have money don't buy. 😕 or use your common sense which is say you rent a house for £1000 pcm and now you want to buy that or similar house. The price of that house is £400000 and bank has offered you 4% interest which is approximately £16000 per annum therefore you paying £1333.33 interest per month, so £333.33 you are paying is over your current rent is the real interest element of the transaction hence haram. So now you have to find a a deposit of £100000 in order to buy that house enable you to pay same rent of £1000 pcm to bank as interest.
Tom Taylor so don't understand how come silly people like you watching it and leave silly comment too.
I don't know how the money goes in a Muslim country, but in a non-Muslim country. If you put money at the bank and say i don't want any interest, you will make no interest at all. But the bank or any form of financial institution, will take your cash and will fructified it. And it will pay the salary of the people who work in the bank or the financial institution. and invest it in the well been of the society. Plus you have to know the house was cheap, but the salary was very low and now the house are more expensive, but the salary is higher, just like Saudi-Araba, the Emirats Arabs United, the house was very cheap before they knew they have oil and now the house than 2 legs and 2 arms. I don't think at all The Bank from Muslims Countries, charge nothing and doesn't fructified the capital, because it will be impossible to pay the salary of the bank employee.
They also pay the bank shareholders the profit you did not take.
Subhaanallah good video but logic is silly. The value of anything is depends on monetary system and production of the country not on riba. In the old times we were using gold standard (currency backed by gold) which can not be produced by artificially. So its supply is limited. And thats why that time banking system where failed. But right now the currency is backed by government. An Bank are backed by government. If banking system fail then government will lend the money to bank by printing more money .The flow of money increase then inflation increases and prices starts rising .Then currency lost its value .The country purchasing power decreasing.
Bro i am taking about economic not denying any single word of allah i am against riba.
@@natsha4487 Why did the banking system fail with the gold standard? The gold standard lasted humanity thousands of years. So why did it only fail less than 50 years ago? I don't know much about economics, but I would wager that riba had a big role to play in what happened. Riba doesn't just involve lending money for money, there are other forms which are more subtle which people may not be aware of (like paying a late fee if you don't pay your rent on time, or your traffic fine increases if you don't pay by a certain date, etc.)
@@ZiadHatahet Right i didn't deny about riba . In Islam there is brief detial about macroeconomic and microeconomic. And gold standard didn't fail just they are suppressing . If the gold standard will return 70% countries will bankrupt and all over world will be chaos. Just they playing monopoly.
@@natsha4487 The interesting thing is that is Islam, artificially holding products until their price goes up is also prohibited (monopolistic practices). The financial system we live in today is very broken and only serves a very small portion of the population. والله المستعان
@@ZiadHatahet In developed economies banks serve almost everybody.
Is profit interest halal? Some Islamic bank says it is
There is no such thing as an Islamic bank. Islam has no notion of a bank, and no notion of a currency. A currency is something that you can agree to exchange for something of value, but the currency itself doesn't have value at all. For instance, a dollar bill is just a piece of paper, just like any other paper. But dollar can be exchanged for something of value (say a piece of bread). But real money, is actually something which has value in itself. Gold can be money, silver can be, even vegetables, and grains can be money (the barter system) because they have intrinsic value. This happened long ago (in the British rule) when the the notion of banks came along, and the institution called a bank, would take your gold as a deposit and give you a paper or a legal document or a 'bond' saying that 'When you show us this paper, you'll get say 10ounces of gold'. This way, the real 'money' the gold, always stayed in the bank, and people exchanged paper around, which was certified by the bank (which both seller and buyer agree to trust). But later in time, the value of currency changed, nobody realized that currency IS NOT MONEY. It has no value! It's just a stupid piece of paper, and you can no longer go to the bank and get your real money 'the gold' back. This is an important topic for people to understand. The fake money aka currency economy, which is now globally controlled by the US$ (and US$ is no longer backed by gold, or any real money, just a bank 'federal reserve' which can control it's value any way it wants) has no intrinsic value. There is no 'islamic bank'. There is no 'islamic interest'. This is all fake. Stay away from this.
@@noormuhammadmalik6191 very educational thank you
The logic is silly. He's right, it is very layman. The house's value should be irregardless of the interest payments which are essentially the rental of value of loaned money. At the very least he should subtract the total cost of the rent he would have otherwise paid from the total cost of the loan when determining the value of the house. ideally he would simply hire someone with expertise to appraise the value of the house
I think you are missing the point. The point is that people want to sell their house for more because they paid more when they bought it due to interest payments.
Regardless of what the value of the house is, we do not rip people off in any business. This is part of islamic etiquettes in business. So if you bought a house for 10k, you would not sell it for 120k. Without riba, Most likely the price would be a lot less over time as the house was bought and sold multiple times. This is of course assuming that all of the owners we muslim and followed islamic ethics when buying and selling.
People sell their houses for more, because they can get more. The market determines what monetary value the house has via demand and supply. If I have higher costs of production I will attempt to pass those on to the buyer.
If I'm a baker and the price of some of my inputs, for example wheat, goes up because of a bad harvest it isn't really rational to say this is because the farmer charges me for wheat therefore wheat should be free at the point of use (zero interest rate) because this is causing the cost of bread to go up. That would just mean no farmers produce wheat or only sell wheat in an unregulated black market.
But once again, this is not primarily a business transaction. This is a consumption loan. I was mostly trying to point out that the loan itself has value. It is not necessarily unjust. If I had not gotten a housing loan I would have rented a house and so the loan should be at least be valued in terms of the cost of accommodation (which is subjective- factors like safety of neighbourhood, utility from rental alternatives ).
And yes, I agree with you as muslims we should not overcharge on the things we sell and be generally ethical in trade.
However what is and isn't overcharging is subjective. Furthermore simply because someone feels they're entitled to sell the house at a higher price doesn't mean they'll receive it. Possibly they'll simply hold onto to the house that they want to sell at a given price for perhaps a number of years or wise up and sell the house immediately at a realistic price.
Also house prices rise over time, not fall. Inflationary pressures from an expansion in the money supply (and in some places a rise in population that isn't in line with a rise in available housing- shortage of land for new construction could be a factor).
Yes the loan has value, however I think we are getting sidetracked. Even if the logic had some problems in the video, it is not permissible to be having these haram mortgages that many people have. The same goes for buying and selling houses in which you earn a portion of the interest money.
Remember there is hadith in sahih muslim that says the one who pays, the one who earns and the one who witnesses the contract of riba are all cursed and are equal in sin. Then another hadith mentions that eating 1 dirham of riba is equal to 36 times zina. So the person who pays mortgage may be getting the sin of zina thousands of times, yet these people are not worried?
Waseem Shaikh mate the reason is because you using paper money which has no value you said your self it depends on the market and the bench mark for the market is paper money. now for example if the usa doller clabsis then s house which was 400 will end up being 100. point i am making is the market is based on interest and paper money which has no value. but yet if you had hold and dinniar no mater how the market goes up and do it will have value.
@@truthisheavy7028 You get an appraisal and sell it at the market price. Thats fair to whoever buys it. It doesnt matter what you paid years ago. There is nothing in Quran or sunnah about selling houses.
Is there anyone who dont profit from this EVIL Riba'a
I doubt it,. Oh Allah forgive Us Muslims.
Should have uploaded without the animation/video
lord of universe invalid interest on humanity