Aslm Alkm Thank you very much and Jazakumullahu khairan for your efforts and concern about this presentations, you rely rely do the bestthank you alot Wslm.
@@brzigibe Since I posted this comment , I came to know that muslims selling weapons to non muslims is not permitted. Maybe the wisdom is that they may end up using them against the muslims. However I don't know about the other way round.
I don’t think so, because with insurance you’re absolutely expected for them to cover you in return for paying them and it shouldn’t be a chance thing, which is what gambling does.
@@1415Khan Yeah but that's decided by Allah, it's not something you yourself put yourself into much of the time such as Illness (Unless you're an idiot and decide to do something stupid), in Gambling you're at the risk of loosing wealth and causing hate among each other where as with Insurance you're paying a compony to have your back if you get into some kind of trouble. But I'm not an expert, this is just my understanding so far, so far I'm pretty sure it isn't gambling unless you're needlessly "gambling" with your own life and health I suppose.
It should not be considered gambling, because it reduces uncertainty (gharar). The mistake Islamic scholars make in their discussion of insurance and gharar is that they do not consider the overall risk position of the client, but they look at the individual contract. That is why the approach of modern risk management is far superior. I find the approach of Islamic scholars to conventional insurance quite myopic. The obvious objective of someone who purchases insurance is to reduce uncertainty, and that is a good thing. An insurance contract is a contingent claim, not a random event; consequently it cannot be equated to gambling.
This video goes way too far in saying all conventional financial services are un-Islamic. I think they have something to sell - "Islamic finance lessons".
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Aslm Alkm Thank you very much and Jazakumullahu khairan for your efforts and concern about this presentations, you rely rely do the bestthank you alot Wslm.
You need to come back
So is there no lottery in saudi arabia for example?
Does trading currencies is considered riba or unlawful in islam ?
How are weapons unlawful?
I was also wondering that. How to defend your country without weapons. In my opinion this is wrong understanding.
@@brzigibe Since I posted this comment , I came to know that muslims selling weapons to non muslims is not permitted. Maybe the wisdom is that they may end up using them against the muslims. However I don't know about the other way round.
Is insurance considered gambling ?
I don’t think so, because with insurance you’re absolutely expected for them to cover you in return for paying them and it shouldn’t be a chance thing, which is what gambling does.
@@mishaalkisan1688 but you don't know if you will fall ill or be in an accident for sure. It's kind of a chance.
@@1415Khan Yeah but that's decided by Allah, it's not something you yourself put yourself into much of the time such as Illness (Unless you're an idiot and decide to do something stupid), in Gambling you're at the risk of loosing wealth and causing hate among each other where as with Insurance you're paying a compony to have your back if you get into some kind of trouble.
But I'm not an expert, this is just my understanding so far, so far I'm pretty sure it isn't gambling unless you're needlessly "gambling" with your own life and health I suppose.
@@1415Khan, you are buying the protection not the car crash
It should not be considered gambling, because it reduces uncertainty (gharar). The mistake Islamic scholars make in their discussion of insurance and gharar is that they do not consider the overall risk position of the client, but they look at the individual contract. That is why the approach of modern risk management is far superior. I find the approach of Islamic scholars to conventional insurance quite myopic. The obvious objective of someone who purchases insurance is to reduce uncertainty, and that is a good thing. An insurance contract is a contingent claim, not a random event; consequently it cannot be equated to gambling.
This video goes way too far in saying all conventional financial services are un-Islamic. I think they have something to sell - "Islamic finance lessons".