Chacha, I really enjoy your lectures, I know these things in your day to day contributions are vital. I'm worried about my parents and brothers. They are still hindu. May Allah grant the precious knowledge, may He grant them hidayah. I am waiting for that day when me and family come together to worship Allah.
Most highly learned people who have not studied Quran become Atheist. And Ullema who have not studied Social and other Sciences remain limited in their views. That is why we need Scholars like Sheikh Imran Husein
Jazak Allahu Qair. I don't know what to say.. Assalamualyykum Chacha. It is 9 years now that I have embraced Islam. I started following your lectures from last 5 years. I am thankful to Allah that I came to know about you. Don't know if you would read this. I wish you could come to India... we have lots of ignorant people... lots of... lots of... lots of ignorance... take it muslim or hindu or sikh. But yes, those who strive for knowledge they are benefiting from your contribution to Islam which has no measure.
Most honourable and wise sheikh on earth-- may Allah reward you-- and make people all over the world listen to you, and apply your teachings---- off course sheikh is right-- and may Allah preserve you and give you a long healthy life so you can keep bless our lifes -- love you for Allahs sake dear sheikh
I see lots of people in the comments can’t take the fact that bitcoin is haram. It is so obvious this is haram but some people are just too excited about the possibilities etc.. no wonder the world is in the pathetic mess that it’s in. Most people will always gravitate towards the path of least resistance. This is a real shame.
That's the Muslim Ummah today full of chancers and get rich quick merchants with little integrity and principled values .... but what do you expect when - "Status Personalis" rituals override ilm al Mu'amalat which is now the mainstream Dogma. Sad but has to be said so I said it.
الشيخ يعلق على فتوى الأزهر انهم أفتوا بان التعامل بالعملات الرقميه حرام لان الحكومات هي وحدها من حقها طرح العملات للتداول تعليق الشيخ انه يوافق الأزهر على انها حرام و لكنه يختلف معهم عن السبب و يعلق انها حرام لان القران أقر فقط الذهب و الفضه كعملات للداول بسبب انها تمتلك قيمه فعليه ثابته في ذاتها و قيمتها تبقى خلال العصور و الازمنه في حين العملات الرقميه ليس لها قيمه ثابته فهي تقفز مثل الكنغر اليوم لها ٢٠٠٠٠ دولار و غدا قيمتها ٥٠٠ دولار و لا يعلم ماهي الجهه التي تتحكم بها و يرى الشيخ انها فخ لافقار الشعوب
Sallams Sheikh. May Allah give you long and healthy life. I am a CPA and I totally agree with you. Sir I have never seen an Islamic teacher having a strong grasp on financial topics, especially money. Also, it is of paramount importance that no body in universities east or west (atleast of those I am aware of) teach what is money. Only if we really knew what money was. With respect and love, dear Sheikh please pray that Allah give me guidance and noor. Ameen.
of course you will never heard about what the Sheikh is stating at universities simply because academic programs were set by crypto-organisations and meant for poisonning students' minds and controlling their lives at a further stage
I have to make a point here. The value of Bitcoin is always the same, ALWAYS! It’s value is fixed, because only 21 million bitcoins can exist. The value of bitcoins CANNOT be expressed in classical currencies, because of their volatility and ability to devalue almost everything, EVEN GOLD. I think Sheikh Imran made a mistake here by evaluating bitcoin in USD. Bitcoin has an intrinsic FIXED value, USD not. Bitcoin is being generated by the so called “bitcoin-mining”, where huge amounts of energy are being used and invested to generate an algorythm. It cannot be hacked, neither can the value be turned up and down. In my opinion, Bitcoin is one of the best innovations in human history and a great set-back to classical currencies and banker-criminals.
why is hard to grasp it, Allah created gold ,silver ,and others precious metal( its not just metal) and Allah gave it value ( scarcity , intrensic , long lasting and mainly labour to get ) what a perfect medium for exchange and transactions . no room for ripe off ( Riba ) . has to be banned by crooks to ripe off humanity . simple !
So what do you think about the Venezuelan cryptocurrency named El Petro, his value is based on the price of Oil and Diamonds, is in fact in a simple way to explain it "a title" that gives you the right to aquire Venezuelan Oil, one unit of EL PETRO will have the price of one barrel of OIL.
Al my friends are into this crypto currency sceme, and tell me im stupid not investing in it. Thanks for clarivyingJazzakallahu khair Sheikh Wa salam 3likoum WRWB
Kalau uang yang dipakai sekarang bagaimana dong? Kalau yang dibolehkan dialquran Dinar dan emas? Terus ustadz imran pakai apa ya? Tolong jawab saya jadi bimbang
Some muftis and ulama don't understand the situation and clumsily out of stupidity issue fatwas buat to please the ruler and people they are ulama Su' , Don't recognized their fatwas but you can also choose to follow, worry not the sins and the punishment are on them ,worry not. But if you don't want to have a black dot on your heart, then down follow their fatwas. You are saved.
But Sheikh don't you think money with intrinsic value can be sometimes difficult to transport/transact/save/carry around ? which means the paper currency goes a bit ahead in this matter? specially the ease of making any transaction?
The technology is still extremely new and misunderstood, and that’s a big part of why its value fluctuates, it will stabilize especially when new platforms and crypto's introduce better faster cheaper transactions. Unlike other types of investments, like stocks or gold, Bitcoin trading never stops, either. There are no market hours. Instead, you get non-stop 24/7 trading, which means even more fluctuations in Bitcoin’s value and less stability day-to-day (As of late 2017, about 95 percent of the Bitcoin was owned by just over four percent of people with Bitcoin, according to one report. That means that a single person could decide to release huge amounts of Bitcoin into the market at any moment, completely upending its value) you won't be able to escape this new technology being built with blockchain, there's a new financial way to transact being built globally, securely and it's decentralized. It will host a multitude of services that are infinitely better, bigger than the current setup.
Simple answer their were fatwa against perto dollar but now their is nothing that fatwa is followed so in simple this Crypto currency is just like banking system and what I think petrol dollar will be replaced from this a big plan .
Let me start with this..What money are you imams usinge to day ..You use paper money , not gold,... Your visa card or debit card is electronic money.. Next thing .. If you are buying a house that costs X how can you give this person X gold. Do you bring a car full of gold? no, it's not possible. 3. If there is war and you have 300kg of gold, how will you transport it to a safe place? no it's not possible. How much is your gold worth when you can not bring it whit you .. 4 .. Can you dig down and hide Bitcoins, yes .. You buy a nano s ledge and dig it down. If you dig down gold , someone just needs to go with a metal detector to find your 300kg gold .. You can trade Bitcoin like a sheep and a store value like grain of salt..The sheep has it price depends when you buy it..On ramadan price will go up after ramadan the price will go down..Everyting in this planet has a price that goes up or down depending on what value you have..Some have gold ,some have sheep and some have bitcoin Stop talking like you are a prophet who knows everything when you do not do what Allah has told you..If you follow the Sunnah then you are doing HARAM and SHIRK quran.com/77/50 quran.com/45/6-16 quran.com/6/114-124 Even the Hadeeth. Muslim, al-Zuhd wa’l-Raqaa’iq, 5326 Do not write down anything of me except the Quran. Whoever writes other than that should delete it" I finnish whit this quran.com/49/6
fawaz shareef so when you go to buy some bread for instance, how will you pay in gold for that bread exactly? With .000000000001 of a grain of gold? It's completely unworkable on any real life small transactions
Do you realise crypto currency will flourish when it matures and you will carry a chip where every thing including ID including crypto currency will be stored
Thank you Imran. Notice the similarity between Dollar & Dinar. I think USA will change its currency to golden Dinar soon . I think They will stop depending on oil to support the Dollar , because no more oil in the world. Thats why they will make cars engines run by ELECTRICTY not fuel benzene ....... Kuwait , a gulf country , is changing currency also Notice that most Arab countries use DINAR OR DERHAM EXAMPLES : JORDAN MORROCO ALGERIA BAHRAIN TUNISIA KUWAIT IRAQ Soon , these countries will change to golden dinar and silver derham. ALLAH knows best. Thank you.
My issue is, it's all well and good to have precious metals as currency, it should be that way, but in my country we use coins and banknotes. I can't buy anything with gold and silver unless I first exchange it for haram money. Personally, I don't think it's that important anyway, it's a minor issue for the Ummah. It's not our fault that our money is riba-based, I still gotta pay zakat in paper money. Not our fault, it's all we have and all we can trade with. Gold is not legal tender here in New Zealand, it isn't legal tender in England, perhaps you can tell me where gold/silver IS accepted in shops/markets etc?
Allah declares war against riba and those who are engaged in it - you call that a minor issue ?The clue is what you said legal tender not lawful money or specie ... all fiat currency is ties to juridic persons who are berthed into a debt situs.
Jason Mckenzie You have missed the underlying issue. First of all paper money not that long ago was backed by gold. I think $20 USD used to get you a gram of gold or something. Now it is completely based on the trust of the people. Anyway before I get into a tangent about the many ways the system can be abused let me share the most obvious one. Gold as you know, cannot be printed from out of thin air and this prevents abuse from governments who for example might want to start a war and need to fund that war, well unless they find a gold mine they will have to print more money from out of nowhere any then this causes all of the existing money to depreciate in value. Inflation is the end result. This is haram in Islam and we as Muslims should strive to bring back the laws of Allah and not just go along with the status quo simply because it’s not in our hands. Like the prophet pbuh said, if you see an injustice being done and your in a position to do something about it then you must, if you can’t do something then at least say something and this is what the sheikh is doing and if you can’t even do that then at least hate the injustice in your heart. Don’t justify the use of paper money just because it wasn’t you who came up with the idea, but instead be ready to undermine the current system by what ever means you can.
Jason Mckenzie Also this is not a minor issue this is a massive issue with effects us Muslims the worst. Are you not familiar with the petrodollar system? Let me explain this to you in a nutshell, Non oil producing countries which is most have to buy oil is USD because of the petrodollar system, this forced those countries to send USA goods and services, stuff of actual value and exchange it for a piece of paper an American Jewish owned bank printed from out of thin air. This gives USA an extremely unfair advantage over the entire planet and for us Muslim in particular this is an issue as our collective wealth ie the oil, is being used as a tool in order to give the Americans an opportunity to offset their own trade debts on the entire planet. And to top it off USA uses the wealth it earned in order to slaughter us and support the zionists. It is a massive issue bro not a minor one. This issue alone is more then enough justification to kick off the Third World War over. I don’t think trivialising such an important issue is a good idea. We should never intellectualise or rationalise the causes of our pathetic miserable state by saying it’s not a big deal it’s only a minor one. If we ended the petrodollar today America will collapse by tomorrow.
you need to establish islamic village and survive after big war." its not our fault" is not the right answer, you need to make hijra or establish islamic market where you can take one kilo rice and swap or trade with one kilo egg maybe, the egg owner he need rice and the rice owner ( you) need eggs too. i have rice field and fish farm, we cook rice and fish from the farm ( make BBQ) and add few vegetable that we have on the top .. here we go,we have the best meal for family. plus few goats and sheep for milk and my chicken . totally independent of money, market and banking system... I take one kilo rice to my neighbor and he give me one litter oil. he need rice and i need oil too.. that is what you need to do i think..
Jason Mckenzie if gold and silver back become legal money, world will be less violent and more peaceful, to wage war will cost tons of Gold which today nations cannot afford. It will lower inflation, and in turn we will see stable price. This also will remove the riba and stuff so people will not be able to enslave you with debt.
If Cryptocurrency/Bitcoin is not halal due to its actual value, how is ‘paper’ money itself halaal? Does paper money itself have any value? Yes Gold is the truest valuable currency but unfortunately in this day & age it cannot be used as a form of currency. Why should we accept Governments (Criminals) print paper money and accept that it’s permissible?? One of the main factors of Cryptocurrency is to diminish these such Organisations (Govt/Banks) to have control over our finances. When you ask ‘Can you bury Bitcoin?’ The answer is yes - In form of a hardware. Price fluctuations also apply in Fiat Currency and Gold etc too, maybe not as volatile as CC but CC will eventually come to a point where it will be steady with ‘normal’ volatility as soon as the demand/hype dies down. May Allah give us the tawfeeq to earn Halaal and give us baraqah in our earnings and our lives In Sha Allah.
Sheik, what is your opinion on the hadith about a "caliph" dying and 3 sons fighting for the gold under the kaaba? I think it will be a Saudi king, and when the oil runs out, his sons will fight for the gold under the kaaba
Bitcoin doesn’t have intrinsic or inherent value. This isn’t as serious a handicap as it might seem, because nothing has intrinsic value. Not government notes, not gold, not even grain, or salt. Intrinsic value cannot exist because value is subjective. Value exists only in minds. A mind imputes value to a particular instance of a thing in accordance with how useful it believes that thing will be in the service of satisfying its wants. Human wants are subjective. Wants, and their relative intensities, vary from person to person, and from day to day.
Rauff you appear to have fallen for the Rabbi Marx or Adam Smith Nonsense, It is the inherent material or substantive value that makes Gold or Silver valuable ...we can both be subjective about our beliefs about Oxygen the Truth is we both need it to sustain ourselves... we don't need Gold but we can benefit from its comparable store or measurement value. Furthermore when you exchange substantive money their is no debt as their is no debt in nature just an exchange of energy over time for gain.
Rauff M Sounds like your intellectualising the issue of money in order to avoid the cognitive dissonance that most people get when they realise that something they like is actually bad.
Gold and Silver has no intrinsic value either. It's just metals, ... it has value because mankind decided to consider it as valuable. If we consider Bitcoin to be valuable asset, Where is the difference between GOLD and Bitcoin ?
Twinsen gold is made in stars during a supernova and their is only so much of it in the entire universe. It’s rarity alone gives it its intrinsic value, not to mention its beauty and the fact that it is among the most conductive of all of the elements. Did you give any thought to what you said before you said it?
His argument is that gold and silver is divinely appointed, and its value does not change overtime. You can get a certain amount of dollar, euro, or sterling pounds from gold coins or silver coins at any time, but to do so vice versa, you'll have to keep an eye on its time value of money. You'll need to consider the how much dollar, euro, or sterling pound, is the gold and silver worth to buy one coin. Bitcoin is no different. It's a virtual currency that one can mine utilizing their machines. One day should it be shut down, it will have no value. Then what value will it give versus gold coins and silver coins? There's a lot of things. Mainly, because Bitcoin is not divinely appointed but also it is just not something you can come to possess and is volatile, whereas gold is not volatile. It's stable. Currencies based on the gold are volatile.
why is hard to grasp it, Allah created gold ,silver ,and others precious metal( its not just metal) and Allah gave it value ( scarcity , intrensic , long lasting and mainly labour to get ) what a perfect medium for exchange and transactions . no room for ripe off ( Riba ) . has to be banned by crooks to ripe off humanity . simple !
Gold and Silvers value comes from its scarcity. It's tangible as opposed to some numbers that are created out of thin air and then printed onto paper. Regardless of all that Allah has decreed Gold and Silver as a form of currency in the Qur'an and that should be enough for you to accept it as such.
With all the respect, but what is the purpose to talk about the money of the koran if it doesn‘t exist in our world, where we have to use your so called bogus money to buy our bread?
to know what is halal and haram in islam. if you legalize what allah has made haram then you commited syirik , the only sin allah wont forgive. the more people know the bigger possibility that the bogus system will be destroyed. allah says in the quran the worst creation of his is those are blind and deaf n their heart cant understand. may allah grant us knowledge
You learn about EMP first and understand what it will bring to our present time infrastructure before asking anyone to explain blockchain to sheikh Imran.
I partly agree with Sh. Imran and i don't fully disagree with Salafi scholars, since 100% truth is not with any of them except Allah's apostle on which we all must agree, he is absolute authority on behalf of Allah SWT. So i pray to Allah to guide me in right way with appropriate Islamic understanding.
I believe I get closer to Allah by not listening to shikh imran or anyone .. if Allah didn’t make it haram no one can.. they can make it illegal,, what is your dalel from Allah and messenger that it’s haram ,, Quran speaks of dinar and silver no one disagree. Where is it haram otherwise., Quran speaks of means of translation so would teleportation would be haram. Only Allah in the Quran say what is haram and everything else can be made illegal but no one has any right to declare something haram if Allah or his messenger didn’t say so
one question for everyone. bitcoins goes up everyday and people start selling the house, car and asset and buying it with the hope of making more money. here is the question. just say you sold your house, car and gold and you invest the money in bitcoins. so if one day bitcoin collapsed, who/where you going to complain to ? who owns the bitcoins? nobody owns the bitcoins. so you will lose everything and there is nobody to help you either..
Hello, Thanks for this video !! But you are wrong ! You should see what is the "Blockchain". You will understand why the crypto currencies are more real than Banks monkeys money :) (Hello from France, I read all your books)
Vandochkalol And what happens if the technology the block chain is using fails or is damaged or hacked or an emp goes off then what? Does the block chain keep a paper ledger as well? And even if it did is the system going to be free from possible misuses? Gold and silver or any other commodity for that matter is not subject to these possible problems and this alone makes it superior.
Chacha, I really enjoy your lectures, I know these things in your day to day contributions are vital. I'm worried about my parents and brothers. They are still hindu. May Allah grant the precious knowledge, may He grant them hidayah. I am waiting for that day when me and family come together to worship Allah.
Lokesh Srivastava mashallah bro
Inshallah soon.....
Most highly learned people who have not studied Quran become Atheist. And Ullema who have not studied Social and other Sciences remain limited in their views. That is why we need Scholars like Sheikh Imran Husein
There are still millions of pre vatican 2 devout Catholics, and there's the Orthodox Christians. Don't write us off friend we are here!
Jazak Allahu Qair. I don't know what to say.. Assalamualyykum Chacha. It is 9 years now that I have embraced Islam. I started following your lectures from last 5 years. I am thankful to Allah that I came to know about you. Don't know if you would read this. I wish you could come to India... we have lots of ignorant people... lots of... lots of... lots of ignorance... take it muslim or hindu or sikh. But yes, those who strive for knowledge they are benefiting from your contribution to Islam which has no measure.
Sir ALLAH give you long and healthy life Ameen your lectures have opened my eyes may ALLAH open the eyes of all umma Love you from pakistan
Most honourable and wise sheikh on earth-- may Allah reward you-- and make people all over the world listen to you, and apply your teachings---- off course sheikh is right-- and may Allah preserve you and give you a long healthy life so you can keep bless our lifes -- love you for Allahs sake dear sheikh
I see lots of people in the comments can’t take the fact that bitcoin is haram. It is so obvious this is haram but some people are just too excited about the possibilities etc.. no wonder the world is in the pathetic mess that it’s in. Most people will always gravitate towards the path of least resistance. This is a real shame.
That's the Muslim Ummah today full of chancers and get rich quick merchants with little integrity and principled values .... but what do you expect when - "Status Personalis" rituals override ilm al Mu'amalat which is now the mainstream Dogma. Sad but has to be said so I said it.
الشيخ يعلق على فتوى الأزهر انهم أفتوا بان التعامل بالعملات الرقميه حرام لان الحكومات هي وحدها من حقها طرح العملات للتداول
تعليق الشيخ انه يوافق الأزهر على انها حرام و لكنه يختلف معهم عن السبب و يعلق انها حرام لان القران أقر فقط الذهب و الفضه كعملات للداول بسبب انها تمتلك قيمه فعليه ثابته في ذاتها و قيمتها تبقى خلال العصور و الازمنه في حين العملات الرقميه ليس لها قيمه ثابته فهي تقفز مثل الكنغر اليوم لها ٢٠٠٠٠ دولار و غدا قيمتها ٥٠٠ دولار و لا يعلم ماهي الجهه التي تتحكم بها و يرى الشيخ انها فخ لافقار الشعوب
جزاك الله خيرا اخي الكريم على الترجمة وجزى الله الشيخ خيرا
May Allah bless you our beloved Sheikh and Teacher. Assalam aleykum from Bukhara :)
welcome back my Lovely Dear Imam Imran Nazir Hosein WE LOVE YOU
BarakAllahu fik wa rahmatullah Sheikh. Riba is everywhere now.... May Allah protect us and forgive us
Sallams Sheikh. May Allah give you long and healthy life. I am a CPA and I totally agree with you.
Sir I have never seen an Islamic teacher having a strong grasp on financial topics, especially money.
Also, it is of paramount importance that no body in universities east or west (atleast of those I am aware of) teach what is money. Only if we really knew what money was.
With respect and love, dear Sheikh please pray that Allah give me guidance and noor. Ameen.
of course you will never heard about what the Sheikh is stating at universities simply because academic programs were set by crypto-organisations and meant for poisonning students' minds and controlling their lives at a further stage
Dear sheikh may the creator bless you with paradise , there is no one else that speaks truth like you do
sh Imran Husein I need your email address please thx
sh Imran Husein I need your email address please thx
Get your silver and gold coins as soon as possible.
as usual, I love your consistency.
Lets imagine if zakah is paid by true money "gold/silvee" masha allah
Sheikh we need more scholars like you.
I have to make a point here. The value of Bitcoin is always the same, ALWAYS! It’s value is fixed, because only 21 million bitcoins can exist. The value of bitcoins CANNOT be expressed in classical currencies, because of their volatility and ability to devalue almost everything, EVEN GOLD.
I think Sheikh Imran made a mistake here by evaluating bitcoin in USD. Bitcoin has an intrinsic FIXED value, USD not. Bitcoin is being generated by the so called “bitcoin-mining”, where huge amounts of energy are being used and invested to generate an algorythm. It cannot be hacked, neither can the value be turned up and down.
In my opinion, Bitcoin is one of the best innovations in human history and a great set-back to classical currencies and banker-criminals.
Daniel Friese agree !
mashallah , thank you
why is hard to grasp it, Allah created gold ,silver ,and others precious metal( its not just metal) and Allah gave it value ( scarcity , intrensic , long lasting and mainly labour to get ) what a perfect medium for exchange and transactions . no room for ripe off ( Riba ) . has to be banned by crooks to ripe off humanity . simple !
I agree with you Sheikh
People have become so arrogant and ignorant that they left the quran behind their backs.
So what do you think about the Venezuelan cryptocurrency named El Petro, his value is based on the price of Oil and Diamonds, is in fact in a simple way to explain it "a title" that gives you the right to aquire Venezuelan Oil, one unit of EL PETRO will have the price of one barrel of OIL.
Have someone blocked the comments section. I cant see them.
Al my friends are into this crypto currency sceme, and tell me im stupid not investing in it. Thanks for clarivyingJazzakallahu khair Sheikh Wa salam 3likoum WRWB
Ya salam aleek ya sheikh hosein Allah yihfazak
True.
Kalau uang yang dipakai sekarang bagaimana dong?
Kalau yang dibolehkan dialquran Dinar dan emas?
Terus ustadz imran pakai apa ya? Tolong jawab saya jadi bimbang
Hasan Bisri kenapa?
ya saya nanya
Some muftis and ulama don't understand the situation and clumsily out of stupidity issue fatwas buat to please the ruler and people they are ulama Su' , Don't recognized their fatwas but you can also choose to follow, worry not the sins and the punishment are on them ,worry not. But if you don't want to have a black dot on your heart, then down follow their fatwas. You are saved.
So which one do we use?
Thanks Sheikh, I loved the 'like a kangaroo' comment !!!
Can you add Arabic translation?
عجائب الحياة البرية HD
ترجمتلك ملخص الدرس في احدى التعليقات
But Sheikh don't you think money with intrinsic value can be sometimes difficult to transport/transact/save/carry around ? which means the paper currency goes a bit ahead in this matter? specially the ease of making any transaction?
why can't we see the comments.....?
May Allah forgive the ummah of these end times. May HE, Dhul Arshil Majid, allow me to meet you in Jannah Sheikh. Amiin.
>
You are great.. i follow your lectures regularly
Long live sheikh!!
we must enforce our ideology
Salam alaykum can anyone tell me where I can find the sheikhs email adress thanks
The technology is still extremely new and misunderstood, and that’s a big part of why its value fluctuates, it will stabilize especially when new platforms and crypto's introduce better faster cheaper transactions. Unlike other types of investments, like stocks or gold, Bitcoin trading never stops, either. There are no market hours. Instead, you get non-stop 24/7 trading, which means even more fluctuations in Bitcoin’s value and less stability day-to-day (As of late 2017, about 95 percent of the Bitcoin was owned by just over four percent of people with Bitcoin, according to one report. That means that a single person could decide to release huge amounts of Bitcoin into the market at any moment, completely upending its value) you won't be able to escape this new technology being built with blockchain, there's a new financial way to transact being built globally, securely and it's decentralized. It will host a multitude of services that are infinitely better, bigger than the current setup.
هل يمكن الترجمة الى العربية ؟ جزاكم الله خيرا
Menana Erribhe
هناك ترجمه في احدى التعليقات
Menana Erribhe
ترجمت لكم ملخص في احدى التعليقات
Simple answer their were fatwa against perto dollar but now their is nothing that fatwa is followed so in simple this Crypto currency is just like banking system and what I think petrol dollar will be replaced from this a big plan .
i need to meet you Shaike
Let me start with this..What money are you imams usinge to day ..You use paper money , not gold,...
Your visa card or debit card is electronic money..
Next thing .. If you are buying a house that costs X how can you give this person X gold. Do you bring a car full of gold? no, it's not possible. 3. If there is war and you have 300kg of gold, how will you transport it to a safe place? no it's not possible. How much is your gold worth when you can not bring it whit you .. 4 .. Can you dig down and hide Bitcoins, yes .. You buy a nano s ledge and dig it down. If you dig down gold , someone just needs to go with a metal detector to find your 300kg gold ..
You can trade Bitcoin like a sheep and a store value like grain of salt..The sheep has it price depends when you buy it..On ramadan price will go up after ramadan the price will go down..Everyting in this planet has a price that goes up or down depending on what value you have..Some have gold ,some have sheep and some have bitcoin
Stop talking like you are a prophet who knows everything when you do not do what Allah has told you..If you follow the Sunnah then you are doing HARAM and SHIRK
quran.com/77/50
quran.com/45/6-16
quran.com/6/114-124
Even the Hadeeth. Muslim, al-Zuhd wa’l-Raqaa’iq, 5326 Do not write down anything of me except the Quran. Whoever writes other than that should delete it"
I finnish whit this quran.com/49/6
Why i am not getting comments
Response*
Gold silver copper metal ect are just mineral if I leave in Japan with no minerals how I'm gonna survive and we have to dig for those minerals
we all should start using gold as money.
fawaz shareef so when you go to buy some bread for instance, how will you pay in gold for that bread exactly? With .000000000001 of a grain of gold? It's completely unworkable on any real life small transactions
Do you realise crypto currency will flourish when it matures and you will carry a chip where every thing including ID including crypto currency will be stored
Thank you Imran.
Notice the similarity between
Dollar &
Dinar.
I think USA will change its currency to golden Dinar soon .
I think They will stop depending on oil to support the Dollar , because no more oil in the world.
Thats why they will make cars engines run by ELECTRICTY not fuel benzene .......
Kuwait , a gulf country , is changing currency also
Notice that most Arab countries use DINAR OR DERHAM
EXAMPLES :
JORDAN
MORROCO
ALGERIA
BAHRAIN
TUNISIA
KUWAIT
IRAQ
Soon , these countries will change to golden dinar and silver derham.
ALLAH knows best.
Thank you.
My issue is, it's all well and good to have precious metals as currency, it should be that way, but in my country we use coins and banknotes. I can't buy anything with gold and silver unless I first exchange it for haram money.
Personally, I don't think it's that important anyway, it's a minor issue for the Ummah. It's not our fault that our money is riba-based, I still gotta pay zakat in paper money. Not our fault, it's all we have and all we can trade with. Gold is not legal tender here in New Zealand, it isn't legal tender in England, perhaps you can tell me where gold/silver IS accepted in shops/markets etc?
Allah declares war against riba and those who are engaged in it - you call that a minor issue ?The clue is what you said legal tender not lawful money or specie ... all fiat currency is ties to juridic persons who are berthed into a debt situs.
Jason Mckenzie
You have missed the underlying issue. First of all paper money not that long ago was backed by gold. I think $20 USD used to get you a gram of gold or something. Now it is completely based on the trust of the people. Anyway before I get into a tangent about the many ways the system can be abused let me share the most obvious one.
Gold as you know, cannot be printed from out of thin air and this prevents abuse from governments who for example might want to start a war and need to fund that war, well unless they find a gold mine they will have to print more money from out of nowhere any then this causes all of the existing money to depreciate in value. Inflation is the end result. This is haram in Islam and we as Muslims should strive to bring back the laws of Allah and not just go along with the status quo simply because it’s not in our hands.
Like the prophet pbuh said, if you see an injustice being done and your in a position to do something about it then you must, if you can’t do something then at least say something and this is what the sheikh is doing and if you can’t even do that then at least hate the injustice in your heart. Don’t justify the use of paper money just because it wasn’t you who came up with the idea, but instead be ready to undermine the current system by what ever means you can.
Jason Mckenzie
Also this is not a minor issue this is a massive issue with effects us Muslims the worst. Are you not familiar with the petrodollar system? Let me explain this to you in a nutshell,
Non oil producing countries which is most have to buy oil is USD because of the petrodollar system, this forced those countries to send USA goods and services, stuff of actual value and exchange it for a piece of paper an American Jewish owned bank printed from out of thin air. This gives USA an extremely unfair advantage over the entire planet and for us Muslim in particular this is an issue as our collective wealth ie the oil, is being used as a tool in order to give the Americans an opportunity to offset their own trade debts on the entire planet. And to top it off USA uses the wealth it earned in order to slaughter us and support the zionists. It is a massive issue bro not a minor one. This issue alone is more then enough justification to kick off the Third World War over. I don’t think trivialising such an important issue is a good idea. We should never intellectualise or rationalise the causes of our pathetic miserable state by saying it’s not a big deal it’s only a minor one. If we ended the petrodollar today America will collapse by tomorrow.
you need to establish islamic village and survive after big war." its not our fault" is not the right answer, you need to make hijra or establish islamic market where you can take one kilo rice and swap or trade with one kilo egg maybe, the egg owner he need rice and the rice owner ( you) need eggs too.
i have rice field and fish farm, we cook rice and fish from the farm ( make BBQ) and add few vegetable that we have on the top .. here we go,we have the best meal for family. plus few goats and sheep for milk and my chicken . totally independent of money, market and banking system...
I take one kilo rice to my neighbor and he give me one litter oil. he need rice and i need oil too..
that is what you need to do i think..
Jason Mckenzie if gold and silver back become legal money, world will be less violent and more peaceful, to wage war will cost tons of Gold which today nations cannot afford.
It will lower inflation, and in turn we will see stable price.
This also will remove the riba and stuff so people will not be able to enslave you with debt.
If Cryptocurrency/Bitcoin is not halal due to its actual value, how is ‘paper’ money itself halaal? Does paper money itself have any value?
Yes Gold is the truest valuable currency but unfortunately in this day & age it cannot be used as a form of currency.
Why should we accept Governments (Criminals) print paper money and accept that it’s permissible?? One of the main factors of Cryptocurrency is to diminish these such Organisations (Govt/Banks) to have control over our finances.
When you ask ‘Can you bury Bitcoin?’ The answer is yes - In form of a hardware.
Price fluctuations also apply in Fiat Currency and Gold etc too, maybe not as volatile as CC but CC will eventually come to a point where it will be steady with ‘normal’ volatility as soon as the demand/hype dies down.
May Allah give us the tawfeeq to earn Halaal and give us baraqah in our earnings and our lives In Sha Allah.
Sheik, what is your opinion on the hadith about a "caliph" dying and 3 sons fighting for the gold under the kaaba?
I think it will be a Saudi king, and when the oil runs out, his sons will fight for the gold under the kaaba
Ashar Mir
There no such a thing under ka'aba
Bitcoin doesn’t have intrinsic or inherent value. This isn’t as serious a handicap as it might seem, because nothing has intrinsic value. Not government notes, not gold, not even grain, or salt.
Intrinsic value cannot exist because value is subjective. Value exists only in minds. A mind imputes value to a particular instance of a thing in accordance with how useful it believes that thing will be in the service of satisfying its wants. Human wants are subjective. Wants, and their relative intensities, vary from person to person, and from day to day.
Rauff M we can assume then that you have been partaking in haram activities.
Rauff you appear to have fallen for the Rabbi Marx or Adam Smith Nonsense, It is the inherent material or substantive value that makes Gold or Silver valuable ...we can both be subjective about our beliefs about Oxygen the Truth is we both need it to sustain ourselves... we don't need Gold but we can benefit from its comparable store or measurement value. Furthermore when you exchange substantive money their is no debt as their is no debt in nature just an exchange of energy over time for gain.
I think that is a valid point. And Fair Human, you don't seem very fair.
Fair Human do you use paper money or do you only pay for things you need in gold or silver?
Rauff M
Sounds like your intellectualising the issue of money in order to avoid the cognitive dissonance that most people get when they realise that something they like is actually bad.
Gold and Silver has no intrinsic value either. It's just metals, ... it has value because mankind decided to consider it as valuable. If we consider Bitcoin to be valuable asset, Where is the difference between GOLD and Bitcoin ?
Twinsen gold is made in stars during a supernova and their is only so much of it in the entire universe. It’s rarity alone gives it its intrinsic value, not to mention its beauty and the fact that it is among the most conductive of all of the elements.
Did you give any thought to what you said before you said it?
His argument is that gold and silver is divinely appointed, and its value does not change overtime.
You can get a certain amount of dollar, euro, or sterling pounds from gold coins or silver coins at any time, but to do so vice versa, you'll have to keep an eye on its time value of money. You'll need to consider the how much dollar, euro, or sterling pound, is the gold and silver worth to buy one coin.
Bitcoin is no different. It's a virtual currency that one can mine utilizing their machines. One day should it be shut down, it will have no value. Then what value will it give versus gold coins and silver coins?
There's a lot of things. Mainly, because Bitcoin is not divinely appointed but also it is just not something you can come to possess and is volatile, whereas gold is not volatile. It's stable. Currencies based on the gold are volatile.
why is hard to grasp it, Allah created gold ,silver ,and others precious metal( its not just metal) and Allah gave it value ( scarcity , intrensic , long lasting and mainly labour to get ) what a perfect medium for exchange and transactions . no room for ripe off ( Riba ) . has to be banned by crooks to ripe off humanity . simple !
Twinsen stupid
Gold and Silvers value comes from its scarcity. It's tangible as opposed to some numbers that are created out of thin air and then printed onto paper.
Regardless of all that Allah has decreed Gold and Silver as a form of currency in the Qur'an and that should be enough for you to accept it as such.
With all the respect, but what is the purpose to talk about the money of the koran if it doesn‘t exist in our world, where we have to use your so called bogus money to buy our bread?
to know what is halal and haram in islam. if you legalize what allah has made haram then you commited syirik , the only sin allah wont forgive. the more people know the bigger possibility that the bogus system will be destroyed. allah says in the quran the worst creation of his is those are blind and deaf n their heart cant understand.
may allah grant us knowledge
Can someone please explain the blockchain technology to the sheikh! He will have a better understanding of bitcoin after that.
You learn about EMP first and understand what it will bring to our present time infrastructure before asking anyone to explain blockchain to sheikh Imran.
I partly agree with Sh. Imran and i don't fully disagree with Salafi scholars, since 100% truth is not with any of them except Allah's apostle on which we all must agree, he is absolute authority on behalf of Allah SWT. So i pray to Allah to guide me in right way with appropriate Islamic understanding.
I believe I get closer to Allah by not listening to shikh imran or anyone .. if Allah didn’t make it haram no one can.. they can make it illegal,, what is your dalel from Allah and messenger that it’s haram ,, Quran speaks of dinar and silver no one disagree. Where is it haram otherwise., Quran speaks of means of translation so would teleportation would be haram. Only Allah in the Quran say what is haram and everything else can be made illegal but no one has any right to declare something haram if Allah or his messenger didn’t say so
Grozny Entertainment well said brother, peace.
one question for everyone.
bitcoins goes up everyday and people start selling the house, car and asset and buying it with the hope of making more money.
here is the question.
just say you sold your house, car and gold and you invest the money in bitcoins.
so if one day bitcoin collapsed, who/where you going to complain to ? who owns the bitcoins? nobody owns the bitcoins.
so you will lose everything and there is nobody to help you either..
Hello,
Thanks for this video !! But you are wrong ! You should see what is the "Blockchain". You will understand why the crypto currencies are more real than Banks monkeys money :) (Hello from France, I read all your books)
Vandochkalol
And what happens if the technology the block chain is using fails or is damaged or hacked or an emp goes off then what? Does the block chain keep a paper ledger as well? And even if it did is the system going to be free from possible misuses?
Gold and silver or any other commodity for that matter is not subject to these possible problems and this alone makes it superior.
You cant hack the blockchain. You need corrupt Millions computers in the world.