The Great deception - "Islamic Banking"! Muslims *MUST SEE*

[zachrome91]

Using gold as money at this moment in time may not solve the core problem. First, there are some people who have hoarded a lot of it, so they will start being rich by default. Second, it will be a backward civilization because gold is one of the oldest forms of money. Thirdly, the clever bankers will find ways to counterfeit and take interest on the gold based system. We need a more creative, infallible form of money. *sigh**

[jahan442]

i was aware that these islamic banking system were cleared and monitered by the oppointed imams. so if this system is not islamic, then how are the people who follow islamic rules, ever to be accomplished in this modern world.

at the time of the prophet,there were too many loan sharks,like the ones we have now(banks). so it was prohibited to pay or take inerest on money. but in this modern world if we cant use the islamic banks, then we will have to use the JEWISH BANK.to stay behind tobe ruled

[musapeaceza]

now in Thailand Islamic banking Growing up so fast

[KHALIIL01]

Imran Nazir Hosein should explain how he bought the Nissan Laurel he is known to drive; maybe he called on Shaikh Abdul-Qadir Jilani in his grave of 500 years in Iraq to get it for him, however, Shaikh Jilini was a true scholar & did not support grave worship.

[MrQualityTime]

Riba = Interest on money loaned or credit

[KHALIIL01]

@MrQualityTime That is only one form of riba. Gambling is also a form of riba, insurance is another form. There are 73 types of riba.

[flintp51]

What is he saying?  Back door r.....?

[PakitoonDeen]

@flintp51 riba

[AbouMachakiel]

ok , lets say that all those islamic banks are haram , so what is halal ?? the shaeikh have only spoken about the "backdoor riba" so tell us ya sheikh not only whats bad but tell us whats the right thing to do .

If someone knows the answer please contact me

[maddy52003]

@AbouMachakiel u should have watched more of his lectures..... may b ull get the answer...

[AbouMachakiel]

@maddy52003 I came a cross this vid on Moroccan forum in Holland talking about Riba , but i was always convinced that the islamic banks they always makes halal busines , can u send me or place here more lectures where he explain the right way ??

Thanks in advance

[maddy52003]

@AbouMachakiel listen bro.. the infomation ur askin fr s scatered all over his lectres on youtube[ which are not many]...i too did not knw wat he told here bcoz his claim to this subject is UNIQUE and only he can explain it proprly...u shud b patient and watch a few more f his lectures...for exampl: in another lecture a reason which he gave for murabaha [in the banks] 2 b wrong was that they sell that which they do not posses... he says that in islam u cannot sell anythin which u do not posses..

[maddy52003]

@AbouMachakiel this lecture is very old...u should watch a few new ones...majority of his lectures r new....

[0jrhindo]

The real deception is jewish banking!

[kapil1ly4u]

@0jrhindo Cannot agree with you anymore.

[AnabolicMutant]

Does anyone know what institute this man has studied at? I could only find something that said he is from daar ul-`uloom in india, but there was no indication as to whether this means deoband or barelwa. I am hoping he is from deoband because if he is then i will certainly listen to more of his talks and spread them as much as i csn because i really love what i have heard in this short video so far. If he is from the Barelwi lot then forget him, but i cannot imagine he is one of them from this.

[AnabolicMutant]

If he was a barelwi then he wouldn't be able to talk about exploitation of the people being riba and riba being something that makes one eligible for the fire of jahannam forever because the barelwi scholars exploit their followers to the maximum possible limit by telling them if they do not pay a tax they call "khums" to them then their prayers and supplications are not accepted by allah. This alone is shirk (polytheism) and al-kufr (unbelief in the religion of allah).

[AnabolicMutant]

Did allah give these evil men the authority to say to the people that their prayers and supplications are not accepted by him merely on account of the people not paying money to these evil men? The answer is clearly no, and if they claim otherwise then let them bring a textual proof of this claim from the qur'aan and ahaadeeth with explanations of these proofs from the consensus of the early muslims (ie. the prophet himself, the companions of the prophet, their children and students, and so on)!

[hmshex]

@AnabolicMutant yes he is sunni. deobandi might be the closest description. But he is MUSLIM, and thats all you need to consider when propagating his excellent speeches which are heavily based on Quran and Sunnah and nothing else.

[AnabolicMutant]

@hmshex

What i have realized about this man is that he has a poor comprehension of the qur'aan and ahaadeeth and i wouldn't say he is deobandi at all as he has nowhere near the `ilm of even a tolib ul-`ilm of deoband. He fails to even correctly remember the order of events within one hadeeth alone.. He also thinks the gog and magog are not tribes of people despite the fact allah says they are two tribes and there are numerous ahaadeeth describing their physical appearance and abilities!

[AnabolicMutant]

@hmshex

He does have good points to make about the monetary system and the banking system, and so on, but this does not mean he is well studied in islamic knowledge. Also, it appears his only history of studying "islaam" is at a university in America which teaches Orientalist (enemies of islaam) theory and philosophy. This means one should avoid everything this man has to say about islaam, as to take this man as a source of knowledge in islaam is a grave mistake!

[AnabolicMutant]

Maashaa'allah this is a very good talk with brilliant points delivered! This is the first time i have found a talk by this man which i really like. I have heard too much weird talk from him in the past about the white people allegedly being the gog and the magog, and yet i am white and i am a muslim and cann assure you i have no intentions of doing anything to harm my brothers and sisters in islaam.

[jonnyhandsome22]

an eye opener sir..jazakalllaah..

[devi3loz]

The truth,.. Time is deeds ..

[zachrome91]

Can anyone explain this? Suppose that I want to buy a car costing $100,000. But I don't have the cash at this moment. So I get into an agreement - the Islamic Bank buys it for $100,000 and we agree to settle the loan after 5 years for the same $100,000. So far, there is no interest involved or any profit. But, after 5 years I settle the $100,000 only to realize it's value has gone down by 5%(inflation) - so effectively, I'm paying back $95,000 to the Islamic Bank. Haven't I taken interest?

[adillone]

@zachrome91 youare not paying 95,000, as per he agreement you have to pay same amount becoz that agreement was based on the market before 5 years.you may refer to Sura Bakarah for agreement which involves future obligations

[norizanmohd]

@zachrome91 The issue of inflation is created by the fiat currency, the paper money. if you use gold it won't happen like that. It's a different issue altogether. I have never come across an islamic bank or any bank at all that lending money without interest. You must have live in another world!

[SpaceTimeContinuums]

Support the Islamic Bank Of Britain (IBB)

Buy IBB stock on the LSE

[capiloton]

so syeikh ni la yang UZAR kondem "bukannya siapa-siapa" tu..

kalo nak bertanya pasai ekonomi Islam, tanya pada ulama yang berkecuali dan tiada kepentingan. yang pegi rujuk kat "ulama" panel bank tu buat apa? memang la pendapat dia bias kepada bank. bagaimana panel syariah boleh kata bank islam bebas dari riba, sedangkan nabi ada bersabda, yang umatnya di akhir zaman tiada siapa yg mampu mengelak dari dosa riba, even jika cuba mengelaknya akan tetap terkena dengan debu-debunya (fiat money)..

[jdemeulenaer123]

So, the best maybe to get rid of religious connotation in banking activities altogether...? Why claim to be islamic , allal or whatever if it is to be cheated in the end....?

[jdemeulenaer123]

Then there is no "Great deception"..... ? Western banks , asian banks all do the same, maybe so called "Islamic banks" are more hypocritical, first because, again , they use religion to attract their customers....so that you talk about a "Great deception" or could it be a "Great hypocrisy"....?

[TheBroaden]

@jdemeulenaer123 deception into thinking its ok , hypocrisy maybe cause its anti religion while claiming to be otherwise

[TheBroaden]

@jdemeulenaer123 cause they practice "backdoor rib-ah" meaning backdoor interest. their like ok we will buy u a property but instead sell it back to u for 10 times its price over such n such years.

[jdemeulenaer123]

Why Islamic before the word bank sounds more trusting ...? Those muslims need to have a special word so that they know where to put their money...?. Christians do not need to write "christian" to go to the "right" bank.....?

[TheBroaden]

@jdemeulenaer123 Because unlike Christianity interest is forbidden, Islamic banks use a different strategy , watch the video

[jdemeulenaer123]

Then they should be called saudi banks....?

[TheBroaden]

@jdemeulenaer123 "islamic" sounds more trusting .....

[TheBroaden]

Nobody should make judgments and force anyone into their way of life. Humor based on personal insult, why? is then ok for us to insult victims of holocaust in Europe? off course not

[jdemeulenaer123]

@TheBroaden Where is the humor based on personal insult....?

[jdemeulenaer123]

@TheBroaden Humor is no judgement...Humor is humor and there is no humor insulting on a personal basis....Where on earth did you get this idea....???

[TheBroaden]

@jdemeulenaer123 There is a full stop. Soory should of put a new paragraph.

[jdemeulenaer123]

Then why should they call themselves "Islamic banks" are they "allal" or anything close to it...? It is then a hoax to be called Islamic in the same way a chicken is "allal". All this is rubbish to me and those muslims who cannot adjust to other ways of life than their own are just cheats and should go home, that is the only place where they would feel confortable. Humor is not their lot, laughing about Mohamed is already a mistake in their eyes, while in Europe we can langh about everything..

[TheBroaden]

@jdemeulenaer123 Because interest in Islam , Christianity (was) and Judaism is forbidden. However in Christianity due to its stance on this issue, a massive media campaign was fought against it in Europe and it became ok. In Judaism u can't charge your brother interest but u can to everyone else. Now why a "islamic" bank its cause alot of rich Muslims out there mainly Saudis have alot of wealth. If they refuse to store their well n a bank, the banks are missing out big time.

[jdemeulenaer123]

So islamic banks are a ripoff on muslims...and on non-muslims. Islamic banks do "halal" transactions... Halal is used for everything from food to banking....How all this becomes messy and complicated. Just stop those islamic banks, then....What a dirty scandal , again and again... Muslims make another mess again, ....You guys came to England for a better life and this is what you want...?? Make England an islamic state....??? Shit...YOu never question yourselves whether you are right or wrong

[TheBroaden]

@jdemeulenaer123 The message of the video is about questioning right or wrong, that there is no difference between an Islamic bank or your local bank. If u do some research, majority of Islamic banks themselves are set up by non Muslims. 

[roziahangalia]

JazakAllah. Live within yr own means .U are rich if u r debt-free

[budking127]

this would slow progres down oh wait look at them still in mud huts and tents..I think a jew put this in ther heads for a funny joke.

[Oen713]

@budking127 im neither Muslim or religious. With that said, its apparent your blind. 

[TheBroaden]

@budking127 what u mean, u need interest to build society? interest destroys society. keeps the rich richer than ever....that's about it.

[storm9999trooper]

but based on my understanding that the difference between interest rate and bai bithaman ajil is interest rate is compounded in nature but borrow money to the lender...incured the extra cost is to pay the bankers worker and their cost and risk involved becos the money that banks borrow to them is other people deposited money.. if bank only apply the al iksan loan...which is required lender to return the original amount..Then bank will lose...cos they hv worker to pay...Islamic use win win method

[storm9999trooper]

If we cannot borrow, then how we gonna prosper? we need fundings to develops our economic...to build a solid Islamic economic system, even the non believer will adopt our system..instead we fall to them...how to buy factory, machinery, etc etc...to produce without fundings from loan?

[sravat1234]

this is why true muslims cant live in western civilisation because its against islamic laws. its all a big fraud.

[kawaiigardiner]

@sravat1234 So you call yourself a pious Muslim by not using riba and yet you perv at half naked women on YouTube - an interesting double standards you've got there.

[sravat1234]

@kawaiigardiner what you talking about...half naked..you on crack or something..dnt need to perv. maybe your the one perving. idiot

[nafism6969]

@sravat1234 It is forbidden for muslims to live amongst non muslims without a valid excuse.

[sravat1234]

@nafism6969 well i was born in a kuffar country. Not my fault

[nafism6969]

@sravat1234 ye, if ur BORN there, not ur fault, also, if ur a kaafir who converted, then not ur fault, theres not much u can do. but im talking about these muslim immigrants abandoning their muslim countries and go to live in non muslim countries in order to have a "better life". thats haram. in fact, a muslim will NEVER have a better life with kaafirs.

u WILL suffer, along with them in due time.

we need to educate ourseleves. we've seriously become dumb.

[upfran]

@sravat1234 well i was also borin in a kuffar country, and it's my iniatiative to leave that kuffar country to isalamic country.

[GUPTABAG]

subhanAllah

[CheckinGagaiNagain]

Actually the punishment is that peOple have becOme slaves tO Others and themselves!

Imagine all yOur lives being scarred nOt tO be able tO paid and maybe loose what yOu wOrk sO hard fOr!

All is prOgramming,freedOm is nOt reality fOr humans.

All PROGRAMMED sO they cannOt think clearly fOr themselves.

And the Ones whO fOllOw are always CONTROLLED...

[xxxlamborghinixxx]

HAHAHHAHAHA you stupid muslimms youre allah couldn't even defend you from the zionists ROFL boy you suck so hard!!!HAHAHA stupid muslms live in poverty!

[sapismanify]

Unless I don't know how to count that makes 5. There is one person more.

[PhuQuangLe111]

Its the Last Sermon for a reason..........

[PhuQuangLe111]

kill riba!

[Assassin977]

My question is, if we don't pay interest on homes or do anything that deals with interest in these societies that provide no other options, then what other choice do we have? Do we go homeless or stay on rent for our entire lives? I am against interest for it is deep evil, but how does one avoid it in most countries these days? Why is this not mentioned in the lecture?

[199219931994S]

@Assassin977 you can rent homes my brother..

[jingwu42]

are you kidding me,.... then dont do any banking ever

[MegaAhmed89]

if conventional banks are haraam due to ribah.. if islamic banks are haraam due to 'back door' ribah as this sheikh is saying then how do you buy a house ? if houses are on average £300,000 who an earth has that sort of money lying around in savings to undertake a cash transaction (so called a islamic transaction)

Also the shaikh may be quick to ciritise all modes of bankings but he offered to solution to the problem which i found disappointing.

[mado9111]

@MegaAhmed89 Aslam alaikom brother, you don't have to buy you can rent.

[jimmycornbread]

@MegaAhmed89 Check out the rest of the lecture as he does offer some solutions in it.

[kawaiigardiner]

@MegaAhmed89 So it was ok for Muhammad to borrow money to purchase weapons for his wars and was charged interest and yet it is bad for you to borrow money to purchase a house? talk about a double standard!

[goblayful]

@kawaiigardiner the teaching of islam did not come in a one package what I mean is that in the begining of islam people were using interest and teaching of islam were concentrated teaching people who god is and how to worship him, but interest was forbiden in later parts of islamic teaching

[BoudiccaBlanc]

"Knock knock. Who's There ? Jesus"

/watch?v=LstMXt35nyA

(Think about it. ... Do you think that time is short?)

[islamhotline]

allah bless him good health andincrease his imaan ameen

[MrFais31]

It seems like that this person '77sallu77' knows that when he is going to die. Remember Prophet Muhammed PBUH refused to pray Salat of Janaza of a person who died without paying his loans.

Buying through Islamic Banking is a similar act of those Jews whom been stopped to do fishing on Saturday but they made a evil plan by the help of their muftis and we all know that how Allah SWT punished them so please follow The Quran and The Sunnah but not your whims, desires and Shataan.

[77sallu77]

what I can buy for $10 today in the market,ex: 1 kg of rice,

in 2 years time that same $10 does not buy me1 kg of rice,buys me less,

then in this type of case putting interest on the money to gain the same VALUE of my

$10 that i got 2 years ago to buy 1kg of rice not any less, is that right still?

[PersonOfBook]

@77sallu77 Actually your misconception stems from the fact that you are thinking that riba is the only problem, but thats not true. Inflation occurs due to the fiat currency and fractional reserve banking. So to root out this evil, first we should introduce a currency, based on silver, gold or any other metal for instance and then remove this fractional reserve and interest scam!

[NMMOIN]

@PersonOfBook

Man fiat currency has some disadvantage but it has more advantages .

and there is no specific Instruction of islam regarding CURRENCY .

If u back the currency with some metal or gold & silver then economic growth will not possible.Inflation may increase much higher rate than now .

[PersonOfBook]

@NMMOIN There are no instructions in Islam about CURRENCY because fiat currency came after Islam. There used to be gold and silver coins during times of Prophet Muhammad (Peace Be Upon Him). Do you know what is fiat currency??? Do you know what is fractional reserve banking??? If you really know, explain it to me how they are Islamic? Prove it! Secondly, I was not saying about Gold backed currency but a currency based on Gold and Silver! That has some intrinsic value!

[jushin05]

One big scam.

[AbuSupaDu]

Does anyone know the speaker's name.

[73cupcake]

His name is Imran Hosein.

[AbuSupaDu]

jazaakallaahu khairan

[samiayusof]

@AbuSupaDu  Imran Hussin

[mrantidajjal1]

Spread his lectures anyway u can and Give high ratings!.

[thewhitepumpkin]

Aha! I always thought "Islamic Banking" was just changing the jargon.

[TheGhengizKHAN]

selams dear brothers does this mean we should rent??

[koekiedow]

Listen fella, you may not like this, but this is Justice!

They were punished in such a way for three reasons:

1- They killed a human being for no fault of his own.

2- They commited theft in open daylight.

3- They apostatized from Islâm.

As Abu Qilâbah finished by saying: "What can be worse than what those people did? They deserted Islam, committed murder and theft."

Peace!

[achiban13]

cheikh didn't give us the solution, or show us loan with interest free, ...

[wlwak]

Interesting. I have always known that interest is exploitative. It simply means that those who are already rich can become richer by doing nothing. They lend at interest and demand security too. They take no risk yet are guaranteed to gain. That is the strong taking advantage of the weak.

So all a man need do is rob and plunder to gain an initial stash of wealth and lend it out with security at interest to become even wealthier. It is a charter for psychopaths.

[stayyabali]

So what is the solution?

how can a person buy house????

[hamidmushtaq]

how did people buy house when they were no banks? u know what, house financing has made it difficult for people to buy a house at spot (as opposed to by installements). if there was no concept of buying by installement, the value of houses would be such that a person could buy it. economy is relative. banks make a person appear to have a lot of money, while he does not have that money, its just an illusion. banking is wrong, islamic or unislamic. islamic banking as it is now is bullshit!

[PersonOfBook]

@stayyabali The solution is to abolish all banks and create a natural economy. All monetary evils are due to combination of fiat currency, fractional reserve banking and interest. Once we do away with it, life will be much easier. Bankers are scums of this earth.

[rothschilds666]

You are absolutely right. Fiat currency system is the root cause of all problems

[hemen277]

this sound same az riba it is kinda hila shari

[hamidmushtaq]

i feel like killing those people who fool people in the name of Islam. Islamic banking is bullshit

[aeypey]

i think it does not hurt a fly if one did not borrow money from banks... one can still live without lending money... if one need a car, just buy a cheap second hand car and have full faith towards Allah when using it.. insyaAllah there will be no problem.. if one don't have shelter, it does not mean it it necssary for him to buy a home.. he can just rent... solution here is a mean of survival by borrowing without riba'.

[Shabzana]

lol its back door riba'

[Shabzana]

so shud we even have current and savings account, even if u discard of the interst money??

[a1000rads]

Riba is any return on capital without labor. So renting any capital be it money or goods is usury.

[hamidmushtaq]

very true a1000rads. islamic banks only buy a good, when they have to sell it to a person. They never buy a thing if they don't have a person who wants to buy from bank. Prophet Muhammad did not allow to sell a thing, which one does not own. In my opinion, the purpose of this is that a seller should bear the risk. I mean he should have bought something before selling. If the good isn't sold, he will obviously suffer loss. but this does not apply to islamic banks. they always profit, no risk!

[MsCuriousCat]

hamidmushtaq - you are right. This guy makes a lot of sense and that is what happening now. If they come to America there's a lot of homes with no real owner the Arabs would clean up here and own apart of America. America can not pay for their own, the people have no jobs, they are living on the streets and even the unempolyment is drying up. It's time we come together and rethink about the hate. I think this is GODs plan to make us come together. LOVE and PEACE ! Allah Akbar.

[hamidmushtaq]

You know what I think. People who used to work in conventional banks all their lives but then turned to Islam for some reason, thought they must have an alternative to conventional banking, in which they can earn money as easily as in a conventional bank. So these people devised Islamic banking. If you look at it, its mere legal tricks to avoid interest. But the spirit is the same, to suck blood from the poor! They combine different ideas like murabaha and defered sale to create a fake murabaha!

[Rachidasister]

Actually those investors in the Islamic Institutions who permit/help others to buy a house are not really sucking money from the poor. I used to think like that too because yes, the price of house is more expensive than if you pay cash. But if you look at what they get as a return, it is like 5% and if they were in investing elsewhere in the market, they would get much more for their bucks. Allah knows best, the Islamic Institutions have backing from other Muftis so I am lost here.

[PersonOfBook]

@Rachidasister Your point is totally wrong! first of all you cannot compare a bank investing to a person investing. A person invests from his own money, while a bank invests from money which it gets from account holders or that is created from thin air. Fractional reserve banking allows banks to create money from nothing and Islamic banks are no exception. Islamic banks are a complete fraud! What we need is a currency based on Gold and Silver and abolish banks altogether! scums of this earth!

[NMMOIN]

@hamidmushtaq Sorry dear it is not correct islamic bank does not bear risk

in a whole transaction. if it happen in any transaction of islamic bank then the transcation will be void and the totaly profit will be charge to charity not in a banks profit

[simo260193]

the bank buy the house that you want to buy for 100000 dollars and sell it to with 120000 dollars (there is no 400000 dolars) ,20000 dollars is halla it is your comition (your benefict: ti's normal, if you bought smth you won't sold it with same price,obvously).then the bank tell you to live in the house for a "X dollar" each mouth in a way that you finish your 120000 dollars . and the most interessting is that if you couldn't pay anymore the bank give you what you've paid all the months

[WorldCapitalBeats]

this brother is speaking perhaps all truth, but he should provide alternatives, how else can one purchase a house, trade, etc.? Don't say we all are going to hell forever when we have no choice or alternative system to use. We are in the Antichrist system right now, which is why we must create an Islamic system to have halal transactions.

[imransuhail82]

dear brother, in the later part of your comment you have answered your question yourself :)

the implementation is islam is through islamic state. there is no other complete way.

[WorldCapitalBeats]

Yes, we need to address this issue! But let's not stop at loans....

You must see that almost all currencies - dollar, pound, yen, etc - are all haram, they are fake, not backed by gold, and are basically debt in and of themselves, inherent with interest

I'm not saying the Islamic Banks are all halal, but at least they are starting to create Islamic economics

and what alternative system should we use? there is none right now. we have little choice but to use the satanic dollar system.

[Icywar]

i m doing the Ijra loan banking sytem wich is in LA and should i do it ? please any advicees or opinions ?

[badboy2kool]

belive me when i was into this banking intrest thing i always used to be looking for intrest finding (deciver) but now that i am out of it its much better earn ur own money work hard that money is going to be much better then any intrest

[imransuhail82]

@Icywar , brother/sister, remember the basic rule of market price. if all your payements etc add up to be equal to the market price without any conditions for this balance to be changed like late payment penalty, then it is ok. I doubt such a lender exists.

[shargawymessenger]

actually there are islamic banks in the arabian gulf which lend money without any interest whatsoever. for example they lend 300,000 for 300,000 in return. ofcourse they don't lend to anyone, its based on a confidence system which is that they see if you're under good employment

[Counterrevolutionite]

Reeba means usury, correct?

[koekiedow]

As it is commonly understood, yes!

Time=Money

[jingwu42]

@Counterrevolutionite prolly,..lol you know usery is in the talmud it was given to us by god

[Anomiman]

But uncle Hosein , it is typical for Western Muslims to " jump you from the back door" .... when you expect the least ... you know ...

[rahmannoor]

Assalamu Alikum,

I understand who are the parties taking and giving Riba; the "recording" one is the guy in the bank.

Who are the Witnesses, as refered to in this hadith?

Jazakallah!

[koekiedow]

Well basically it's a contract, like a marriage-contract.

The bride and the groom are signatories, and the parents or the Wali are the witnessess!

I don't think in modern day banks, that there are witnesses required, only the lender, and the one who is lending, the giver and taker!

Wallahu a'lam!

[TheMuslimJesus]

google:imranhosein and click his website-more articles, freebooks, forums and more!

[zs47]

@rahmannoor : Ever heard of Notary?! Documents must be notarized in order for the transactions to be legally binding.

[nungyalay]

Now we shall ask ourselves, Is it really like a prison, or like a paradise. We are looking for pleasure and comfort here, while its been kept save in the next life. And brother, its not in anyone's power to stay away and be protected from sins, only those that Allah protects, so we shall pray to Him with utmost sincerity and HE will Help... Allah always helps!

May HE help us all. Ameen

[lahoreplayer]

im paying capital and interest - what do i do now?

[lizzysg1]

try and get out of it asap - ask Alah for help and make tauba in the meantime...

[Saadahudeen]

Also, keep in mind the legal maxim of 'the lesser evil'. I know some of you will say, 'why dont we go for the good'. Well, in our world, unfortunately no economy can really run without banks. So islamic banking is the alternative. lets try to work together to bring a true islamic economy. there's so much reasearch to be done in this area. but one of the most important is to islamise the consumer's behaviour. Islamic banking is just a means not the end...

[islamfortomorrow]

reply to saadahudeen. Please watch Islam and internationl moneatry system by Imran Hosein this will answer lots of your questions.

[Saadahudeen]

Salam peeps.Plz read more on islamic banking & finance. With all respect to the sheikh, he don't really know what he's talking ab. Riba is 1 thing, Ijarah (leasing) is something else. He doesn't really xplain how riba is embedded in leasing. He's very opined. Im a student of islamic banking. I think there's a bright future in islamic banking insha Allah. Dont xpect to hav a full islamic economy to come to existence in 1 day. The decline of the islamic empire took centuries. And Allah knows best.

[misteralhoceima]

dear smakskm

We are not interested in "your" opinion about riba. We are interested in the opinion of Allaah Soubhanahoe wata3aalah.

Thank you, wasalamoe 3alaikoem.

[smakskm]

We should first define "RIBA" or INTEREST!! Just like in Maths we try to define a formula. Than we Muslims can better understand and will definitely avoid it. In "my" opinion 'riba' is the extra u demand on the currency of the time. But House / car are not the currency and they can be bought on installments. It helps the econmoy. Giving some one cash money and not bothering how he will use and asking extra on the return is HARAAM! but the house/car can be taken back if ones fail to pay! Salaam

[ewaali]

Ok, this man is right. But does he have a solution for me? I need a house. I don't have 100 000 dollars. Will he borrow it to me without interest?

[mado9111]

you can rent a house

[lizzysg1]

i know - what is the solution? theyve made it so its unavoidable asta3'firullah...

[Jalal130]

i dont get it. here in germany nearly all people rent houses. wheres the problem?

or do you want to have a miseribal life, and ending on the streets cause of riba? beginning a war with Allah?

[hamidmushtaq]

Jalal u r right. Actually the reason property value goes up is due to banks who lend away money so that a person can pay the banks the rest of his life. If that was not the case, that is no body bought houses on credit, then everyone would have to buy it with cash and to sell houses people would have brought their value down and hence people could even afford houses on cash with few years of saving. Islamic bank is no better and is sucking the blood of the poor in the same way!

[rath2am]

Follow Allahs command. I didnt buy house cause of it. iam renting . And Use cash money

[RAGSTAluvsDA90z]

its hard not to do intrest kuz everywer u go banks do intrest and a bank dat dos not do riba idont even hav money to travel there even wen u keep ur own money in ur own house dat money will get tooken away from da police i get 1p intrest and i feel fvkt

[nungyalay]

No wonder Prophet Mohammad (peace and blessing be upon him) said that in the last age there will not be a single person who will not be consuming Riba .........

Out of every 1000 (one thousand) 999 will be for the hell-fire and the last age is one time when they are being sent in multitudes. No one said life is easy. This life is easy, like a paradise only for the non-believers. For the believer its a prison.

[dontbecutk]

In a Zionist-Jew Banking System, avoiding Interesting/Riba would be near impossible. I'm abit confused. I guess renting doesn't seem that bad of an option.

[RAGSTAluvsDA90z]

jews do avoid riba but they kan give riba to a non jew but not to ther own jew. the first interest started wen a jew gave intrest to a christian.

[mystryunfold]

Even if all the financial system is based on Riba, avoid any direct transaction.Now the question arises how to avoid indirect involvement? or whats the compensation for this? Its to work for the creation of pure global islamic system.Dont worry if we results are not positive cos this is in Alla's hand only(& mind it takes time to bring about change). on the day of judgment we can say that we did our best to bring about khilafa.

[slaveofawal]

never know nothing about this walaahi!

[khazarsfakejews]

I have a copy of Jerasalam in the quran if you want me to email to you

[zafthedon]

salaam

how do you aviod riba then as the whole banking system is based on riba even "Islamic banking" - how do you aviod it - scary world.

peace.

[khazarsfakejews]

I have a copy of Jerasalam in the quran if you want me to email to you

[dj1z4]

الحمد لله الذي هدىانا لهاذا

استغفرالله

الله يبارك في عمر الشيخ

وجزاكم الله خيرا كثيرا

[sajidpatel29]

Allah forgive us all

How many of the muslims in this world today do not engage in riba

makes me beyond sad

Astugfirullah

thank you for posting

masallam

[alatchao]

Mr.Patel Allah will never forgive the great sin intentionaly, but these mufti and mullah calls riba as profit.

These whole world is run by riba, accept it, but don't fool the ummah.

[sajidpatel29]

What sin cant Allah forgive?(other than associating partners) Don't limit Allah's mercy.

And i was agreeing to the fact that it is true riba runs the whole world. Re-read what i have said.

Masalaam