I can buy a house with interest (Riba) in this world but tradeoff a house in Jannah after death. This life in world is for a short time but life after death is for eternity. I will stay in rent. I don't wants to wage war against Allah SWT and his Prophet Muhammad PBUH.
I am an American Muslim. And we have several Islamic Financial Companies based on Shariah here in USA. Guidance Residential, Lariba and Devon to mention few. Hope this helps someone.
@@omarfarique6304 he's saying that this particular scholar is well versed and a genius in his craft. I think he thought that you could not find the answer to your question in the video.
I am muslim and belong from pakistan.i have three daughter and my husband is private teacher.unfortunatly my husband was ill and Auto emiyun liver patient diclared.we were live in a rent house and owner gave us notice to leave his house.at that time my elder daughter desided to take loan from bank to make house.i told her that sood is hurram😢she told me what should we do after this.she took loan and make house.no matter we face too too much problums after taking loan but now we have house.my question is this that in this situation kiya sood hurram hey?is it not govt duty to make house for homeless people?where is ULMA?they only full their bally for JAHANUM.PLZ PLZ ANSWER ME
ALLAH HU AKBAR ALHAMDULILLAHI RABIL ALAMEEN there is none worthy of worship except ALLAH SWT and whatever is in the heavens and on the Earth belongs to ALLAH SWT
Assalamu Alaikum, I think the example of camel was not at all buying and selling, I think it shows the agreement of leasing. Because the first camel was to be returned in the replacement of original and second one was be given as rent. As this doesn't happen in trading. Allah knows the best.
Brother this is like rent. If you are renting a house for a year. At the end of the year you will pay an amount of using it( let that amount be equal to the total cost of house) and after 12 months you will also give the house back to its owner along with the rent.
@@adaam.l1839 brother when someone gives you 100£ and its rent is also 100£. Then after you use it you have to earn 200£ to pay back the owner. But if someone if giving you camel(worth £100) and its rent is also a camel (worth £100)than after you use the camel for an amount of time the camel will not lose its existence it will be of (£100) then you just have to earn the money of rent only as you have one camel on you.
Assalamualaikum, My straight forward question - They say on emi it will be suppose 8% of interest for the car I purchase. What it should be considered?
It is totally confusion now..I have two doubt.. 1. Usually there will be a third party finance provider like bank they will give money on the behalf of customer..Is it allowed?? 2. Can we consider this deal as " bank is selling this car to customer at higher rate, and customer paying it as installment"...???
Brother theres 1 rule u can fit on anything interest is applied when its money against money. For example i give u 100 usd and in return i give u 120 usd. When there's a commodity or goods involved its no longer interest. If bank is paying for car then the car becomes commodity . But if bank directly give money for car lets say 50,000usd and say pay us in instalments nd it becomes 60,000 usd this becomes interest. But if bank buys u car and asks for instalments nd they r charging extra its no longer riba. Its complicated also u hv to better select Islamic Banking becoz other banks dealing itself in riba .
But 1 thing to keep in mind . In contract it should say dat the extra they r charging is for services or rent . They shouldn't say its intrest becoz if they say its intrest then their intention is riba . Also they should not add penalty dat if u pay late and delay u hv to pay extra
@@abdullahmolabaksh6501 the problem is how do you what bank is exactly doing .mostly bank sell interest and they say they are investing on customer behalf with a promise that there will never be any loss etc
@@abdullahmolabaksh6501 in the time of prophet muhammad (s), what was the currency and what was it made of. if this is the case than there is no interest in barter trading. brother keep you self away from ribah it is the biggest sin. and increased money of installment is ribah.
@fahim akthar Ullah great.. by this logic .. A person doing Fixed Deposit and contract is there that 5% return will be given after 1 year will be considered halaal.
I love him , and I have massive respect for Dr Zakir Naik but I’m not agree with him this time, If it’s permissible so I can purchase a home from bank interest? In case if they won’t increase the percentage of interest ?
Sir hope u may answer please .I were having cc limit from bank .but from three Yeats I am paying the interest .but from last 4years I am trying very hard to pay the all amount but failed still I am trying trying and trying .am I the same category in frint of allaha as one is collecting the interest.
So if i buy a car on finance it’s allowed ? Like they say if you buy it now then it’s this much but if you take it out on finance, you will be paying 2k more by end of the fixed terms ?
Yes, as long as the monthly payments are fixed, and the deposit (or final payment, in case of PCP) is already pre-defined, it's halal..... The only case it is not allowed is when the monthly payments (or any final payment) increases due to "time delays" which was not previously known/fixed. So when buying a car on instalments, make sure the interest rate is fixed and you already know how much you will end up paying in total before you start paying. Then it is halal.
dear brothers. don't ask Dr Zakir Naik sharia questions. he is brilliant in explaining quran to non-Muslims and let him continue on that. he himself has said many times... I am not an aalim (an Islamic scholar)
If I can buy 1 camel now without money, and later pay 2 camels, then I can take 1 lac from a person and write a contract according to which I will pay that person 2 lac after a year. Is it permitted???
In payment by installment , interest is included and 'hidden' inside the installment. . The concept of no riba /interest fails. The business person will always include the intereset Riba.
It is not always the case. Depends what you buy. I can buy a smartphone with cash for around 1000 euro or I can pay it 100 Euro per month over 10 months. Where is hidden interset in this case? But if you to buy a car or house, then thats different case.
What if somebody is not sure how long it will take for him to payback the installments and he asks to write 2 condition in contract that i will 110 after 6 months or 120 after 12 months.?
I really don't know what the difference is as a mortgage is paid in instalments over its period that you have contracted in. Also if you purchase something say a car and you put down a deposit and the outstanding amount you agree to pay over 5 years in equal instalments but when you add up the 5 yearly instalment, it is higher than the outstanding amount. This means that you have paid some level of interest. However you twist the maths, when you agrtto buy something that you cannot fully pay at the time of purchase, you will end up paying more. That extra amount is interest no matter how you juggle the words.
Riba is on the things that finishes or loses its existence when you use it. Car doesn't loses its existence when you use it. The case you mentioned above there is not interest in either case.but usually the prize of car will be increased if you pay it in 5 years. For example When you buy a crate of bottle( 6 bottles) from a factory you will get it in low price. But if you buy 6 bottles one by one from shopkeeper it will cost you more. The extra cost is the profit of shopkeeper who is spending time to pay it.
Another thing is what if the item is imported and currency value increases than the price increases gradually , similarly the property prices also increase by time because the contracts can be more than 20 year's
Madam, Once prophet Called by Jewish women for home. Prophet Muhammad accepted the invitation for the home. Prophet went ate in the Jewish women house. In that time, Jiwesh people is deal in Riba. There is no harm in praying in the Masjid. YOu can't make document or proof for 100% masjid built on loan/riba based. Please go with postively. Shaitan always in our back, to make excuse to miss the Salaah. Thank You
AS you said,if the party who is giving a credit not made any extra charges if you delayed the payment then it is not haram. while in today's world everything is mentioned in contract but if we delay the payment. the bank charges some extra amount as bouncing charges.,... so in that case? installment or finance is haram ?
I respect the views on the topic. However, now a days people are buying indiscriminately things they dont need but just to show off, on installments and then they get in financial troubles because they are not conscious of the implications if they break the contract. These assets are forcibly taken by the seller. This is against islamic rulings as far as i am aware
Okay so, if you buy a car and it is fixed at a time for €60.000 but paying it in installments of 5 years it will make it €65.000 at the end. That is permitted because it is trading. And so, is this the same as when you buy a house? Eg.: house is half a million at the time when fixed the installment will be over 30 years and end amount is €530.000. This is trading as well? Not riba? Because you said it’s only usury when you are late with paying, eg. You paid a fee months late the end amount would be eg €600.000. Is this riba and haram then?
What if I am taking the amount from bajaj and it says 0% interest and they charge some processing fee in starting. Paying processing fee is halal or not??
Now I have a doubt.. if 2 camels can be paid for 1 camel and so, more amount can be paid for less money .. isn't it like interest? Like in case of Riba, we give $100 let's say and they pay $120 after few months. And isn't it similar here? We are getting an item worth of $100 and paying $120 for it later?? And if you say it's paid in instalments, so it's fine .. then many people do money lending process in form of instalments only? For example ..they give $90 and get $100 paid back ..which will be like $1 per a day ..so I expect some explanation from someone. Thank you.
Please explain me that if that person who toked installment and don't pay other remaining money that person who sold him product what is he should do that situation???
Don't need to as he breached the contract, not you. But it's better to ask him first maybe he wants to give the rest payment but he doesn't have resources yet
But most of the NBFCs and Banks both are charging DPI i.e Delay Payment Interest that's why I believe Muslim should avoid these type of trades to maintain his or her Riba free Financial planning. May Allah guide us into the straight path.
As Salaamu 3laykum, so trade is when you are purchasing something from someplace and then increase on top of that so you can make profit off of the item. That is okay. However, the companies, what they do is that they buy things on a loan and sell it to you however, it was purchased through a loan company , bank, etc. and the return that goes back (ie payments) will have interest with it. That is my haraam in my understanding.
Dr Zakir Naik, I live in the UK and car insurance is a legal obligation. I understand having a car is not but I need to drive it for business and family matters. My question is can you take out the car insurance on a monthly package which is roughly 40 pounds more than the annual amount but with annual you have to pay in lump sum and it’s not fully affordable as it puts me in financial distress. Furthermore to being a legal obligation, it’s trade but only for the insurance company as they are selling the service but I am taking with the intention of not claiming on the insurance even if a accident takes place allah forbid. Can you please clarify so confused! You mentioned trade and the extra price for monthly being trade but is that not interest? The price is fixed for the monthly by the way. Thanks
I am wondering if it is possible to for Banks or government to increase tax rates proportionately for people availing loans. In this way the loan will be linked to percentage of profits/earnings instead of fixed interest which is Haram. And people availing loans, will have to additionally get their books audited by government or Banks.
My self Arif , m from Kolkata, India. I have a small business. I am a tyre dealer. I have dealership agreement with many tyre companies. I have a question that is it permissible selling tyre on EMI to the customers who couldn't afford to buy tyres in cash. Even I do not get any extra amount more than fixed price. I just connect those customers to finance company like Bajaj finance. Which I hve worked with. But do not get any extra amount from this company. Further the company put some extra amount on my product price and make a deal with the customer. Is it permissible?? Please help me
So according to this taking a student loan but paying later with extra with a fixed amount its permitted?? Can someone explain. It's including if you go for convention bank morgage. If the extra payment is fixed is it permitted??
This doesn't answer fully. Buying something on installment, a contract or anything similar the seller has already added a markup of say a 10% for a 100 dollars and so the buyer ends up paying 110 dollar at the end of the contract or installment. Here the seller has just concluded the deal by adding a fixed amount of ten dollars to the actual cost which is in fact a flat interest of ten percent. Plz explain if it's not interest or riba
@@FahimAktharUllal read my query again. Here the seller has added a profit of ten dollars which is actually ten percent in other words it's added interest wrapped under the name of making a profit of ten dollars. It's interest and not profit in anyway. And I don't want u to remind me profit is allowed and not riba.
@@FahimAktharUllal What an unnecessary reply and you're giving Heart ❤to yourself? Every Muslim knows Profit is allowed and Riba is not... Read the question he asked... For example: If the £10,000 (instant cash) is available on installments and the total amount, let's say £12,000 is fixed, we don't pay any more nor less... BUT.. it says that it includes a 8.6% APR (which is interest). Does that make it haram or halal? So Dr. Zakir Naik clearly explained that fixed contract whether higher amount is acceptable. But our question is what if that fixed higher amount already includes an APR (interest rate) which is what made it higher, not completely profit.
@@faisalchogle3598 By the way, I found the answer! ua-cam.com/video/WZck8sOS4E4/v-deo.html It is halal, as long as it is fixed beforehand, even if they claim to include APR, our conditions for halal are met ! (1) Fixed price and (2) Buy directly from who has it.
So dear sheikh zakir naik.. if i biy a house and pay in installment. And the bank fix the amount of profit which they take( 10000 cash. In 30 years 115000 interest included but fixed) is it permissible accorsing to you??,
Dear you just understand his comments word by word he told if your installment delay and that time your price revised that is not allowed price fixed , but dear brother why you are taking for 20 year instalment if after 5 year you die you creat problem for your children only that why cash flow only by hand not fix future plan because we don’t know when we will die
You cannot borrow money .. here he is talking about selling a product.. you want to sell something that you bought for 100 dollars .. but you agree to sell it to someone for 200 dollars... As long as the sale amount is agreed at the start and is divided over several months , this is halal... You cannot increase the price or ask for more during the installment period and this becomes haram... So the main idea is to agree for the price at the start of the deal and divided it over whatever months you agree with the buyer when you are the seller.
Actually if you delayed the payment then according to contract also you are only liable to pay that amount which was in the contract else go to judge file a case and demand your money just don’t ask any extra money from him and if he do not pay his instalments one should not sit and think that I’ll he getting more money from him that’s the catch.. If you have sabr give him that if not we have courts and laws which look after agreements
Aslamualikum Mujy Aik bike khreedni hai jis ki qeemat 6400€ hai aur Mein show-room ko 3000€ pehle dunga Baqi 2 saal Mein 164€ hr month pay krunga jis py mujy 274€ extra pay krne hungy jo k interest hai aisa unke installments model Mein likha hua hai. Tu kia ya Haram hai ya nai please koi bta de. According to this video Tu mein Wo bike khrid skta hun Lekin Agr show-room k installments model ko dekhun tu unu ny extra money ko as interest mention kiya hua hai. is liye confused hun boht please koi bta de
Agr uski condition mai sood na ho, agr koi aesi condition na ho k agr kisi mahine na diye paisey toh interest parey ga. Jb interest parta tb sood ata, agr fixed amount hai toh jaiz hai
sir zakir .mei apny Allah or nabi PBUH sy bohat darti hoon.or dunia chor do pr ya naraz mat ho..mery husband ki job itni achi ni h.pr i am govt empolye...rent pr rehti hoon.kia karo...ap plz itna bata dy islamic bank waly agr aik fix amount ki instalment ly tou mmein ly lo.lkn bank walo ny kaha h..ghar apka 55lac ka h.lkn bank apsy 70lac lata h..kion ky bank apsy rent ki sorat mei lata h...islamic bank.ya jo extra paise h..jo bannk lata h.ya kia h
@@shamimakhtar418 sister mere hisab se to ye sood hi hua mei khud bhttt darti hu same like u r kisssi surat nhi jana chahti sood pe na husband ko jane deti hu jab k rent pe hi hu mei bhi kya kare dil nhi manta mera to logo ko dekhti hu dhardhar ghar lerahe hai par meri chah hi nhi hoti jab se is sood ka itnaaaa bura anjaam suna hai …atleast mujh mei itnoo himmat nhi k apne hato se do din ki zindagi ko khubsurat banane k lye apno akhirat r qabar kharab karu
If there is delay in the payment, there should not be increase in the payment, by this law, most people will give the instalment at time because.they know if there is delay no fine is there. So, no bank allow this thing I think, so if there is delay in payment and some fine is there, then in this case will it be allow or not?
Isn't it fine but not interest in Thai case. Interest will be if fine ancreases monthly regardless of payment date. What you pay is delay processing fee. How is that interset.
Insaallah you can. Just to make sure and very importantly when you buy a car, 1. monthly payment always stay same. 2. Seller must tell you how much you will pay at the end of the contract. It can’t be increased. If it go increases then it’s haram. So I request you to look for a car then you can afford in any situation. Even you lost your job but you still can pay. Don’t just buy expensive car that you can’t afford. Alhamdulillah, I really need to buy a motorcycle and Dr. Zakir sir speech helps me a lot. I’m going to dealer Tomorrow morning to talk about this. Good luck brother.
I can buy a house with interest (Riba) in this world but tradeoff a house in Jannah after death.
This life in world is for a short time but life after death is for eternity.
I will stay in rent. I don't wants to wage war against Allah SWT and his Prophet Muhammad PBUH.
Wow amazing . Mashallah
You understand the video??
Confusion cleared now..thank u doctor Zakir Naik saheb
Sir....MashahAllah Allah ne ap ko bohat zaheen banaya meri dua hai Allah se k her muslmaan ko ap jaise zahanat aata farmaye ameen...
I am an American Muslim. And we have several Islamic Financial Companies based on Shariah here in USA. Guidance Residential, Lariba and Devon to mention few. Hope this helps someone.
Asalamoalequm sir..
I want to buy house..is there any islamic bank who don't take intrest
None of them is halal, unfortunately.
I need to contact you. I am a Real Estate Investor and have some questions
Lariba worse financial institution they held me for 2 month to approve 20k auto loan
I looked at Guidance few years ago and they use interest percentage as well.
JazakAllah Khair ! I was so confused on it till now. It’s really an eye opening for me.
Ghamdi sahib ko sunooo es mamly mn , he is more clear.
Either you are suffering with psychosis or had to be absolutely dumb to believe this nonsense in 21st century 🤦♂️
Same here bro
Bukhari::2068
Narrated `Aisha: The Prophet purchased food grains from a Jew on credit and mortgaged his iron armor to him
thanx to clear my question
MA SHA ALLAH...very beautifuly describe by sir Zakir naik thanks for information
Hey this is my question. I didn't realize that he answered it
Alhamdulillah
Omar farique ye koi mamooli maulana nahi balki high qualified aur genius scholar hai..
Inke pass almost har ek sawal ka jawab mojood hai ..
@@nawabmirza8139 Please speak in English. I have no idea what you just said
@@omarfarique6304 he's saying that this particular scholar is well versed and a genius in his craft.
I think he thought that you could not find the answer to your question in the video.
@@Captain-Blunt. Oh I see... Yeah Dr Zakir Naik is really good
Hamaisha Duaon ki darkhawast, jaza kAllah Khair
Jazak Allah khair zakir naik sir were missing your live islamic public Q&A in india May you come back soon ameen
Does Allah treats all his creation as equal
Does he deliver equal justice????
@@shriharikulkarni2305 yes. His justice ⚖️ shows he gives light of sun .moon. air weather equal to All in place
@@dr.muhammadyasirarfat5918 what difference it makes if somebody calls Sun by some other name
The sun remains same
Is it not
@@shriharikulkarni2305 i can guess what do you mean...
Thank you so much
I was thinking to buy bike on installment but afraid of interest amount thank u for clearing my doubts now I can buy bike
Here question of installment is raised not taking finance from bank
Finance frm 2nd source is totally haram
Brother u didn't get that I mean no you should not buy anything which attracts Riba interest
JazakAllah sir ❤
Wa eyakum
جزاک اللہ خیرا کثیرا
Wa eyakum
Barakallahu feekum
Jazak Allah brother. Keep spending the knowledge.
I am muslim and belong from pakistan.i have three daughter and my husband is private teacher.unfortunatly my husband was ill and Auto emiyun liver patient diclared.we were live in a rent house and owner gave us notice to leave his house.at that time my elder daughter desided to take loan from bank to make house.i told her that sood is hurram😢she told me what should we do after this.she took loan and make house.no matter we face too too much problums after taking loan but now we have house.my question is this that in this situation kiya sood hurram hey?is it not govt duty to make house for homeless people?where is ULMA?they only full their bally for JAHANUM.PLZ PLZ ANSWER ME
I always thought this way. That simple interest is similar to trade or profit. The compound interest is ribah or haraam
ALLAH HU AKBAR ALHAMDULILLAHI RABIL ALAMEEN there is none worthy of worship except ALLAH SWT and whatever is in the heavens and on the Earth belongs to ALLAH SWT
Assalamu Alaikum,
I think the example of camel was not at all buying and selling, I think it shows the agreement of leasing. Because the first camel was to be returned in the replacement of original and second one was be given as rent. As this doesn't happen in trading.
Allah knows the best.
This is like when you give someone 100$ then they pay you back 200 $ as per sheikassim this is harram
Plz some one give the reference of this hadit....
Brother this is like rent. If you are renting a house for a year. At the end of the year you will pay an amount of using it( let that amount be equal to the total cost of house) and after 12 months you will also give the house back to its owner along with the rent.
@@adaam.l1839 brother when someone gives you 100£ and its rent is also 100£. Then after you use it you have to earn 200£ to pay back the owner. But if someone if giving you camel(worth £100) and its rent is also a camel (worth £100)than after you use the camel for an amount of time the camel will not lose its existence it will be of (£100) then you just have to earn the money of rent only as you have one camel on you.
@@adaam.l1839 raba is only on things that lose their existence when you lose them.
Jazak Allah my confusion is clear
Thanks & Allah bless you (Aameen)
its means that increased price on installment is permitted but penalty on delaying installment repayment is haram.
Ma Shah Allah dr sb
Thank u jazakAllah for clearing my doubts.
Assalamualaikum, My straight forward question - They say on emi it will be suppose 8% of interest for the car I purchase. What it should be considered?
It's Riba and you should avoid it
It is totally confusion now..I have two doubt..
1. Usually there will be a third party finance provider like bank they will give money on the behalf of customer..Is it allowed??
2. Can we consider this deal as " bank is selling this car to customer at higher rate, and customer paying it as installment"...???
Brother theres 1 rule u can fit on anything interest is applied when its money against money. For example i give u 100 usd and in return i give u 120 usd. When there's a commodity or goods involved its no longer interest. If bank is paying for car then the car becomes commodity . But if bank directly give money for car lets say 50,000usd and say pay us in instalments nd it becomes 60,000 usd this becomes interest. But if bank buys u car and asks for instalments nd they r charging extra its no longer riba. Its complicated also u hv to better select Islamic Banking becoz other banks dealing itself in riba .
But 1 thing to keep in mind . In contract it should say dat the extra they r charging is for services or rent . They shouldn't say its intrest becoz if they say its intrest then their intention is riba . Also they should not add penalty dat if u pay late and delay u hv to pay extra
ua-cam.com/video/_krBHTJHApY/v-deo.html&ab_channel=MeezanBank
@@abdullahmolabaksh6501 the problem is how do you what bank is exactly doing .mostly bank sell interest and they say they are investing on customer behalf with a promise that there will never be any loss etc
@@abdullahmolabaksh6501 in the time of prophet muhammad (s), what was the currency and what was it made of.
if this is the case than there is no interest in barter trading.
brother keep you self away from ribah it is the biggest sin. and increased money of installment is ribah.
What happens when installment gets delayed or the person dies in between or fails to pay altogether?
Thank you so much
taking a personal loan from the bank is prohibited or allowed by the Quran?
Jazak Allah khaer
Sir thanks for the guidance, please also add your personal opinion
so just them saying if you're late to pay we'll charge you extra then it's all haram to do and leave it ? or if i say ok i pay on time then it's ok?
Most of the agreement says if we don't pay on time then we have to pay a penalty then it means its Haram?
There is always delay in payment, then what to do?
It means we can take loan but not on floating system, but in fix amount.
What is the Islamic ruling regarding a fixed late fee that has been agreed upon in advance?
This mean if money is taken under a contract then the interest will become as profit if rate of interest is fixed
Jazak Allah
Wa eyakum
How can we ask question to Dr. Zakir Naik
@fahim akthar Ullah
great.. by this logic .. A person doing Fixed Deposit and contract is there that 5% return will be given after 1 year will be considered halaal.
I love him , and I have massive respect for Dr Zakir Naik but I’m not agree with him this time, If it’s permissible so I can purchase a home from bank interest? In case if they won’t increase the percentage of interest ?
Sir hope u may answer please .I were having cc limit from bank .but from three Yeats I am paying the interest .but from last 4years I am trying very hard to pay the all amount but failed still I am trying trying and trying .am I the same category in frint of allaha as one is collecting the interest.
ZAZAKALLAH KHAIR
So if i buy a car on finance it’s allowed ? Like they say if you buy it now then it’s this much but if you take it out on finance, you will be paying 2k more by end of the fixed terms ?
Yes, as long as the monthly payments are fixed, and the deposit (or final payment, in case of PCP) is already pre-defined, it's halal..... The only case it is not allowed is when the monthly payments (or any final payment) increases due to "time delays" which was not previously known/fixed.
So when buying a car on instalments, make sure the interest rate is fixed and you already know how much you will end up paying in total before you start paying. Then it is halal.
If a bank will not charge a late fee fine on late payment of installment.. then how can they make sure that ppl pay them on time ??
force them personally
dear brothers. don't ask Dr Zakir Naik sharia questions. he is brilliant in explaining quran to non-Muslims and let him continue on that. he himself has said many times... I am not an aalim (an Islamic scholar)
If I can buy 1 camel now without money, and later pay 2 camels, then I can take 1 lac from a person and write a contract according to which I will pay that person 2 lac after a year. Is it permitted???
It's confusing should I buy or not based on current situation of bank in INDIA.
Don't buy it is interest.It Allah who created everything and gives sustenance .
interest is not permited in islam brother do not buy on fianance
Last hadees about camel anyone know the number or details?
Very clear
پلیز اس کا اردو ترجمہ کا کلپ دیکھائے
please urdo tarjuma
In payment by installment , interest is included and 'hidden' inside the installment. . The concept of no riba /interest fails. The business person will always include the intereset Riba.
It is not always the case. Depends what you buy. I can buy a smartphone with cash for around 1000 euro or I can pay it 100 Euro per month over 10 months. Where is hidden interset in this case? But if you to buy a car or house, then thats different case.
@@sarfrazsikandar9588 This conversation was about buying a house, which takes 20 to 30 years to pay off
What if somebody is not sure how long it will take for him to payback the installments and he asks to write 2 condition in contract that i will 110 after 6 months or 120 after 12 months.?
Then why taking home load is Haram. We can pay in instalment.
I really don't know what the difference is as a mortgage is paid in instalments over its period that you have contracted in. Also if you purchase something say a car and you put down a deposit and the outstanding amount you agree to pay over 5 years in equal instalments but when you add up the 5 yearly instalment, it is higher than the outstanding amount. This means that you have paid some level of interest. However you twist the maths, when you agrtto buy something that you cannot fully pay at the time of purchase, you will end up paying more. That extra amount is interest no matter how you juggle the words.
Riba is on the things that finishes or loses its existence when you use it. Car doesn't loses its existence when you use it. The case you mentioned above there is not interest in either case.but usually the prize of car will be increased if you pay it in 5 years. For example When you buy a crate of bottle( 6 bottles) from a factory you will get it in low price. But if you buy 6 bottles one by one from shopkeeper it will cost you more. The extra cost is the profit of shopkeeper who is spending time to pay it.
Trade and riba are two different things. In trade things that you give to people don't get finished like money.
@@aaqibkhursheed9523 so mortgage is halal?
Another thing is what if the item is imported and currency value increases than the price increases gradually , similarly the property prices also increase by time because the contracts can be more than 20 year's
So you have to quote your increased price for instalments, keeping all these things in mind prior to the deal. Simple.
In canada enen masjid are bought on interest, loan taken from bank to build masjid, can we pray in that mosque build on interest???????
Madam,
Once prophet Called by Jewish women for home.
Prophet Muhammad accepted the invitation for the home.
Prophet went ate in the Jewish women house.
In that time, Jiwesh people is deal in Riba.
There is no harm in praying in the Masjid.
YOu can't make document or proof for 100% masjid built on loan/riba based.
Please go with postively.
Shaitan always in our back, to make excuse to miss the Salaah.
Thank You
Mean clear that anything sale in installment with increase price is halal.
AS you said,if the party who is giving a credit not made any extra charges if you delayed the payment then it is not haram. while in today's world everything is mentioned in contract but if we delay the payment. the bank charges some extra amount as bouncing charges.,... so in that case? installment or finance is haram ?
Ideally, yes!!
I'm Jamshed from Peshawar Hayat abad😊
Sir , this mean that what Dr israr Ahmad said is wrong......
I respect the views on the topic. However, now a days people are buying indiscriminately things they dont need but just to show off, on installments and then they get in financial troubles because they are not conscious of the implications if they break the contract. These assets are forcibly taken by the seller. This is against islamic rulings as far as i am aware
Okay so, if you buy a car and it is fixed at a time for €60.000 but paying it in installments of 5 years it will make it €65.000 at the end. That is permitted because it is trading. And so, is this the same as when you buy a house? Eg.: house is half a million at the time when fixed the installment will be over 30 years and end amount is €530.000. This is trading as well? Not riba? Because you said it’s only usury when you are late with paying, eg. You paid a fee months late the end amount would be eg €600.000. Is this riba and haram then?
What if I am taking the amount from bajaj and it says 0% interest and they charge some processing fee in starting. Paying processing fee is halal or not??
Good Question. I request ask with Good Scholars. By wording, it look good. I am just a student.
Now I have a doubt.. if 2 camels can be paid for 1 camel and so, more amount can be paid for less money .. isn't it like interest? Like in case of Riba, we give $100 let's say and they pay $120 after few months. And isn't it similar here? We are getting an item worth of $100 and paying $120 for it later?? And if you say it's paid in instalments, so it's fine .. then many people do money lending process in form of instalments only? For example ..they give $90 and get $100 paid back ..which will be like $1 per a day ..so I expect some explanation from someone. Thank you.
But in the documents they make an agreement which is clearly mentioned as interests...
How to ask question
Please explain me that if that person who toked installment and don't pay other remaining money that person who sold him product what is he should do that situation???
It is breach of contract than, take the product back, if he refuses to pay money
@@KK-gc8qc and what about the money will he give him back which he paid before?
Don't need to as he breached the contract, not you. But it's better to ask him first maybe he wants to give the rest payment but he doesn't have resources yet
How to ask zakir naik sir??
It is Halal not haram even if you increase the cost
Then what is the definition of interest
But most of the NBFCs and Banks both are charging DPI i.e Delay Payment Interest that's why I believe Muslim should avoid these type of trades to maintain his or her Riba free Financial planning. May Allah guide us into the straight path.
Pls do it with Hindi or Urdu
As Salaamu 3laykum, so trade is when you are purchasing something from someplace and then increase on top of that so you can make profit off of the item. That is okay. However, the companies, what they do is that they buy things on a loan and sell it to you however, it was purchased through a loan company , bank, etc. and the return that goes back (ie payments) will have interest with it. That is my haraam in my understanding.
So what is the final verdict ?
If fixed price and no increase on late payment then its halal ? Yes No only
Ruble and Yuan should be included as International trade currency options in WTO.
Dr Zakir Naik, I live in the UK and car insurance is a legal obligation. I understand having a car is not but I need to drive it for business and family matters. My question is can you take out the car insurance on a monthly package which is roughly 40 pounds more than the annual amount but with annual you have to pay in lump sum and it’s not fully affordable as it puts me in financial distress. Furthermore to being a legal obligation, it’s trade but only for the insurance company as they are selling the service but I am taking with the intention of not claiming on the insurance even if a accident takes place allah forbid. Can you please clarify so confused! You mentioned trade and the extra price for monthly being trade but is that not interest? The price is fixed for the monthly by the way. Thanks
Isn't that the same in mortgage? Amount is fixed and payment schedule is fixed.
But there is a late fee.
I am wondering if it is possible to for Banks or government to increase tax rates proportionately for people availing loans. In this way the loan will be linked to percentage of profits/earnings instead of fixed interest which is Haram.
And people availing loans, will have to additionally get their books audited by government or Banks.
No comment
Please discuss with good scholars
Thank you
Hence Question not answer for buying on emi from bank.
My self Arif , m from Kolkata, India. I have a small business. I am a tyre dealer. I have dealership agreement with many tyre companies. I have a question that is it permissible selling tyre on EMI to the customers who couldn't afford to buy tyres in cash. Even I do not get any extra amount more than fixed price. I just connect those customers to finance company like Bajaj finance. Which I hve worked with. But do not get any extra amount from this company. Further the company put some extra amount on my product price and make a deal with the customer. Is it permissible?? Please help me
So according to this taking a student loan but paying later with extra with a fixed amount its permitted?? Can someone explain. It's including if you go for convention bank morgage. If the extra payment is fixed is it permitted??
Installments on payments of things is different and installments on payments of loan etc is different.
This doesn't answer fully. Buying something on installment, a contract or anything similar the seller has already added a markup of say a 10% for a 100 dollars and so the buyer ends up paying 110 dollar at the end of the contract or installment. Here the seller has just concluded the deal by adding a fixed amount of ten dollars to the actual cost which is in fact a flat interest of ten percent. Plz explain if it's not interest or riba
Profit is allowed not riba.
Allah made business Halaal
and Riba Haraam.
Thank you
@@FahimAktharUllal read my query again. Here the seller has added a profit of ten dollars which is actually ten percent in other words it's added interest wrapped under the name of making a profit of ten dollars. It's interest and not profit in anyway. And I don't want u to remind me profit is allowed and not riba.
@@FahimAktharUllal What an unnecessary reply and you're giving Heart ❤to yourself? Every Muslim knows Profit is allowed and Riba is not... Read the question he asked... For example: If the £10,000 (instant cash) is available on installments and the total amount, let's say £12,000 is fixed, we don't pay any more nor less... BUT.. it says that it includes a 8.6% APR (which is interest). Does that make it haram or halal?
So Dr. Zakir Naik clearly explained that fixed contract whether higher amount is acceptable.
But our question is what if that fixed higher amount already includes an APR (interest rate) which is what made it higher, not completely profit.
@@faisalchogle3598 By the way, I found the answer!
ua-cam.com/video/WZck8sOS4E4/v-deo.html
It is halal, as long as it is fixed beforehand, even if they claim to include APR, our conditions for halal are met ! (1) Fixed price and (2) Buy directly from who has it.
@@Hasan... Sir Please ask with Scholars. Thank you sir. Have a great day.
So dear sheikh zakir naik.. if i biy a house and pay in installment. And the bank fix the amount of profit which they take( 10000 cash. In 30 years 115000 interest included but fixed) is it permissible accorsing to you??,
Taking RIBA is haram
Dear you just understand his comments word by word he told if your installment delay and that time your price revised that is not allowed price fixed , but dear brother why you are taking for 20 year instalment if after 5 year you die you creat problem for your children only that why cash flow only by hand not fix future plan because we don’t know when we will die
Also I should mention here, correct me if am wrong, That Riba is haraam in cash & cash business because needy people are going more worst situation.
Plz translate it in urdu
Yes plz.
Say is I take 1 laks loan from a bank and agree to pay 1.5 laks after 5 years, is that not a Rebba/Interest?
You cannot borrow money .. here he is talking about selling a product.. you want to sell something that you bought for 100 dollars .. but you agree to sell it to someone for 200 dollars... As long as the sale amount is agreed at the start and is divided over several months , this is halal... You cannot increase the price or ask for more during the installment period and this becomes haram... So the main idea is to agree for the price at the start of the deal and divided it over whatever months you agree with the buyer when you are the seller.
It is the job of the muslim economists to give financial solutions about the finances and loan issues
How to ask questions? What's mail id ?
Actually if you delayed the payment then according to contract also you are only liable to pay that amount which was in the contract else go to judge file a case and demand your money just don’t ask any extra money from him and if he do not pay his instalments one should not sit and think that I’ll he getting more money from him that’s the catch.. If you have sabr give him that if not we have courts and laws which look after agreements
Assalamualaikum, I heard from many local scholars that taking bike or car on installation is haraam.
Aslamualikum
Mujy Aik bike khreedni hai jis ki qeemat 6400€ hai aur Mein show-room ko 3000€ pehle dunga Baqi 2 saal Mein 164€ hr month pay krunga jis py mujy 274€ extra pay krne hungy jo k interest hai aisa unke installments model Mein likha hua hai. Tu kia ya Haram hai ya nai please koi bta de. According to this video Tu mein Wo bike khrid skta hun Lekin Agr show-room k installments model ko dekhun tu unu ny extra money ko as interest mention kiya hua hai. is liye confused hun boht please koi bta de
Jahan interest agaya wo haram hai
@@shakeelfatima5831 Thank you.
I already decided not to buy bike on interest.
No cost emi...haram ya halal...plz batana......?
Till when buyer and seller agrees on fixed amount in cost or no cost emi then it’s permitted as per the speaker.
Emi pe lena halal hai laikin agar usme shart lagayi gayi ho ko agar paise time pe nahi pay kiye to aapko etc. Paise pay karne padenge, yeh haram hai
I have checked Sahih Bukhari Hadith no 206 its about Wadu/Wozoo. Why your reference is incorrect? how can i verify this?
Brother he quoted 2068 not 206
😂
@@historicaleduca7 brother he quoted 2 hadith ref not one
sir zakir mje itna bata dy..bank sy ghar installment pr lana.gunah h.matlb sood h
sood dena aur lena gunah haraam hai
Agr uski condition mai sood na ho, agr koi aesi condition na ho k agr kisi mahine na diye paisey toh interest parey ga. Jb interest parta tb sood ata, agr fixed amount hai toh jaiz hai
sir zakir .mei apny Allah or nabi PBUH sy bohat darti hoon.or dunia chor do pr ya naraz mat ho..mery husband ki job itni achi ni h.pr i am govt empolye...rent pr rehti hoon.kia karo...ap plz itna bata dy islamic bank waly agr aik fix amount ki instalment ly tou mmein ly lo.lkn bank walo ny kaha h..ghar apka 55lac ka h.lkn bank apsy 70lac lata h..kion ky bank apsy rent ki sorat mei lata h...islamic bank.ya jo extra paise h..jo bannk lata h.ya kia h
plz reply sir zakir
@@shamimakhtar418 sister mere hisab se to ye sood hi hua mei khud bhttt darti hu same like u r kisssi surat nhi jana chahti sood pe na husband ko jane deti hu jab k rent pe hi hu mei bhi kya kare dil nhi manta mera to logo ko dekhti hu dhardhar ghar lerahe hai par meri chah hi nhi hoti jab se is sood ka itnaaaa bura anjaam suna hai …atleast mujh mei itnoo himmat nhi k apne hato se do din ki zindagi ko khubsurat banane k lye apno akhirat r qabar kharab karu
Ukraine was a famous part of USSR in steel making and trainings.
don’t buy anything on installment.
Some contract clearly mentioned that extra amount is interest.
If there is delay in the payment, there should not be increase in the payment, by this law, most people will give the instalment at time because.they know if there is delay no fine is there.
So, no bank allow this thing I think, so if there is delay in payment and some fine is there, then in this case will it be allow or not?
Isn't it fine but not interest in Thai case. Interest will be if fine ancreases monthly regardless of payment date. What you pay is delay processing fee. How is that interset.
What if I don’t delay in payment? Can I buy a car
Insaallah you can. Just to make sure and very importantly when you buy a car, 1. monthly payment always stay same.
2. Seller must tell you how much you will pay at the end of the contract. It can’t be increased. If it go increases then it’s haram.
So I request you to look for a car then you can afford in any situation. Even you lost your job but you still can pay. Don’t just buy expensive car that you can’t afford. Alhamdulillah, I really need to buy a motorcycle and Dr. Zakir sir speech helps me a lot. I’m going to dealer Tomorrow morning to talk about this. Good luck brother.
I agreed to give two camels but unfortunetely I wont arford to give it then what would be the consequences as per islam...
Where is the Mr Zakir Nayak is now?