Interest Free Economy Part 1

[oldickeastman]

American populists need Dr. Naik's message of truth. I believe gold is a bubble today -- BUT I KNOW THAT INTEREST IS THE CAUSE OF DEPRESSIONS THROUGH DEFLATION BECAUSE OUR MONEY IS LOANS THAT MUST BE REPAID PRINCIPAL AND INTEREST. I welcome Islaamic law against Usury in the US and in the world. Dick Eastman -- see my video against interest slavery by pasting these to You Tube search engine: peKEzwwhfaA fdD4gcbmKEk p_wv4NTNrxU Ha-3xYcu5Yw  Salaam

[Solocidi]

Toxicated what does this mean plz someone help me ... ? My English's Weak...

[zakmaverick]

@Solocidi

It means drinking alcohol.

[GlobalDuty]

When the poor are permanently poor, and the rich, permanently rich, that is oppression! All around the world today that economic oppression exists, and is constantly increasing, - the poor grow poorer and the rich, richer. Riba is the cause. A predatory global elite, centered in the West, but also present around the world, is constantly sucking the wealth of mankind and impoverishing the masses through riba.

[islamhotline]

is it correct interest free banking means there is a chance of both profit and loss

[abdulbasithka]

@islamhotline of course.

[theartofluv]

would the Islamic finance keep running this way for ever? I doubt it. Look at the US history, the concept was similar but it changed over time.

[Bramptonia786]

Asalam-u-Allaykum, (Peace be upon YOU)

Masha-Allah he is right! May Allah make his life on earth and the hereafter bliss.  And give more people knowledge like him and to follow the right path regardless what the media says.

Asalam-u-Allaykum

[alfatourist]

My question is it okay to lend money, and have a verbal or written contract to return the value of the gold at the time the money is returned.

[hyylo]

i am not a muslim (i am a Sikh).

I would encourage everyone to search youtube for FEDERAL RESERVE. It explains how the central bank controls the currency and how it has provided money for the wars.

Ron Paul in America wants to shut down the federal reserve. Ron Paul is the only true American that was against the war in Iraq and Afghanistan.

Obama and Bush received campaign money from the Federal Reserve. Bush and Obama should be put in jail.

We MUST shut down the evil federal reserve.

[munnah2o]

@hyylo Thanx a lot brother ,for u r good message ..........

we have to fight for right....khuda hafeez

[wawbwc]

"I want to close down the Federal Reserve"--- Ron Paul

[cornfutch]

woodrow wilson regreted ever letting it happen, he realize too late that he has made us all slaves to the zionist who force us to destroy the world to make them a profit

[cleanarab]

maybe he should become muslim

[ik999]

@wawbwc but he doesn't want to stop fractional reserve banking. if you don't ban fractional reserve banking, any talk of monetary reform is just conjecture. even if you go back to bretton woods, we would still have unaddressed problems. austrain economics is no match for islamic economics.

[afgantuber]

How about this modern islamic banking? Are they totally intrest free? We have UM Financial in Canada. Does anyone give some information about them. Has someone did bussness with them UM financial?

[muslimpwincess21]

yeah that is what i want to find out, what about islamic banks like, i think its called IBB islamic bank its advertised on islam channel. Is that halal?

[IslamIsGr8]

afgantuber,

This comment was posted by DJMight:

They have it [interest free economy]. There are Islamic mortgages. What the Islamic bank will do is buy the home for a higher amount (for instance, 5% more than the sale price), and then you pay them a monthly fee, split into even amounts. The payment amount will never go up.

Hope it shed some light.

[candygir7]

in a crooked economy, people will pay bribes to get loand interest free. you have no idea what economics and finance is. he who has the money has the power to buy and sell.

[Mann4821]

@candygir7 and u have no idea how islamic punishment system works!