IJS: Cry me a RIBAA (a simple chat on interest)

[hbk711x]

On "thepeacemissile" channel there is a video of Islamic economy states how Riba is also bad for the economy and makes inflation take place, and also how becasue of inflation with interests rates you can have more money but becasue its worth less you have less wealth.

[hbk711x]

I listen to Dawud Adib, and Abu uwasi Rahimullah.

[3litepker]

The audio is very, very bad quality..

[zahtmi]

nice video brother , Masha Allah :)

I am sharing this with all my friends :)

[dawahworks]

@zahtmi

Shukran & may Allah reward you greatly.

[AkaiShizuku]

How are we supposed to control what others do with their money, or where their money comes from? It doesn't concern us, or have much to do with us at all, really. We should obviously advise them against the haram, but that's all we can really do. A'outhu billah.

[insan011]

And also are you familiar with the hadeeth of our beloved propthet Muhammed s.a.w.s. when he said that there will come a time when each and every dirhem (coing or bill) will be poluted or spoiled by ribba. For example, you go to the barber and pay him with a $100 bill. He gaves you back the change, but within that change there is a $20 bill which he took only moments ago from a banker or a loan shark. And then you use that bill to buy a soda. Hopefully this is a somewhat adequate explanation.

[dawahworks]

Where that $20 came from is not your concern. Only how you earn & what you spend on is what concerns you.

[insan011]

I was only trying to illustrate how every bill that you have in your wallet and I have in mine has some way, some how, been influenced or effected by ribaa. This was merely an observation and a conclusion, not a suggestion that that $20 bill was haram to you. Just saying.

[aishahveiled]

u suck just playing i love it

[AkaiShizuku]

Hamdulellah, I was right for once, LOL.

[AkaiShizuku]

That reminds me. Back in the old wars, citizens in North America could buy "Victory Bonds". Victory bonds were essentially contracts. A citizen could give the government money and would be given much more back in return. My question is, is this riba?

[dawahworks]

Definitely! Investments are those of which there is possibility of loss or gain. Purchasing victory bonds is a whole nother level of WRONG. As you must monitor your investmens to make sure you are not investing money in evil practices.

Riba is an increase that was unearned. Or money earned on money. Or a deception in the pricing. Or an idiots way of affording 22s on a Chrysler 300 lol.

[AkaiShizuku]

Oh yeah, I forgot about that! The chance of an investment failing, I mean. And the certainty of our rewards for good deeds, too. Hamdulellah, Allah never breaks a promise.

[dawahworks]

I define zakaat as a TAX. For years it has been called charity. Charity is a free gift like sadaqah. Some even say "charity tax" but that would be a clear oxymoron. Lastly, an investment is also freely offered in order to receive some gain. In an investment there is probability of lost. When one gives charity it is a fulfillment of an obligation that cannot be lost. However, sin is earned if this obligation is neglected.

[AkaiShizuku]

Well, Allah (swt) gives us ajr for it, which piles up in Jannah (insha Allah) and turns into rewards. Actually, considering this, it kinda seems like every good deed is an investment of sorts. Allah knows best. ^_^

[AkaiShizuku]

Isn't zakat an investment?

[dawahworks]

How so???

[aishahvailed]

nicely done keep it up

[Exchristiany2k]

Jazak Allah khairun

[sheepblitzer]

anyone with a real job here in the states is paying ribba.  google the federal reserve and the income tax.

[dawahworks]

An act that we are forced to do it in no way equal to an act that we voluntarily engage in.

Muhammad (saw) stated that a Muslim is forgiven for deeds done under duress (having no choice in the matter).

[sheepblitzer]

....work under the table, live "off the grid," or move out of the country. we participate in this system voluntarily...

besides, we might be forgiven for bad deeds but isnt it better to not do any in the first place? say i was "forced" to commit murder (or someone threatened to take away my comfortable lifestyle if i didnt commit murder) should i just do it since ill be forgiven?

[dawahworks]

Study the world (& that hadeeth) then get back with me.

[sheepblitzer]

wow sorry if i stumped you. dont have to be insulting about it though.

i was just saying, since many today try to refute the punishment for forbidden acts instead of avoiding said acts, right?

[AkaiShizuku]

That just shows what the States is built on.

[MuslimGhost]

I can barely hear what he's saying fix the audio. Any form of investment where you are guaranteed to make an increase without taking a risk is haraam. If I give someone five dates in return for him giving me back five dates of better quality, that is haraam. If I put 100 dollars in the bank knowing I will get some increase from that money out of interest, that too is haraam. Investing in a business, where it may bring me money, or I might lose my money, that is legit because it involves risk.

[AkaiShizuku]

Investing isn't riba. Riba is, from what I've been taught, strictly letting someone borrow something and wanting a significant amount more back from the person. And you don't, from what I know, always have to get interest on money you save in a bank.

[MuslimGhost]

Investing where there is an absolute guarantee of profit, and no risk undertaken, is also riba, because you are giving some amount of money and expecting a guarantee of more than what you lent in return.

The rules regarding Islamic finance are quite simple and can be summed up as follows:

a) Any predetermined payment over and above the actual amount of principal is prohibited.

b) The lender must share in the profits or losses arising out of the enterprise for which the money was lent.

[MuslimGhost]

c) Making money from money is not Islamically acceptable.

d) Gharar (Uncertainty, Risk or Speculation) is also prohibited.

e) Investments should only support practices or products that are not forbidden

[choorijamadar]

uuhhmmm..i dont think brother Dawood Adib is a shaykh...unless ur reffering to him as a sheikh in a non-knowledge way..lol

[dawahworks]

LOL! I agree. Even he said he was not a shaykh. But if you compare him to his followers... nuff said.

[Mujahid1]

Wa alaikum salaam,

I would buy from a Muslim, rent or rent to own.

[BruteForceFilms]

lol, the bootleg islamic shirts

[mujtahid2006]

LOL - I love your video titles, Mashallah. Perhaps Justin Timberlake can make a song about the credit markey collapse...

[dawahworks]

Wa alaykum As Salaam,

The rule is that Ribaa is haram. this means that it should not be approached in any circumstance within your control. This includes school loans & buying homes. Allah (swt) does not forbid us a thing (haram) & then make that thing an obligation (fard) @ the same time. That loan that seems necessary because there exists no other way to have that luxury in this world may cost you to have NO luxuries in the next. REAL TALK...

[insan011]

Salaam. Pertaining to this comment, I partially disagree. According to shar'ia, necessity changes the rule. For example, it is haram to eat pork, but if there is no other source of nourishment you must eat it. Not so much to be bursitng, but to sustain your strength.

Ribaa is haram, and there is no doubt about that, however diff. people have different intentions and live in diff. circumstances. But, Allah knows best.

[dawahworks]

There is no hadeeth that says intentions purify haram actions. Riba is haram. No one is forced to buy a house or car on ribaa. This is a clear matter of choice.

Pork is allowed in life or death situations & at that time would not be haram. Now compare this to ribaa...

[insan011]

Again I agree that ribaa is haram, but in certain situations it may be allowed. For example. I live in Bosnia. I make 400 dollars a month. My wife has not found work yet and I have a child. I must pay rent, I must eat, I must provide clothing and other necessities for my family,etc? How? I am not advocatin ribaa for luxury, but if I must take a loan to provide for my family or else, what do you suggest? Again I say, it is primarily haram no doubt, but what other solution do I have?

[dawahworks]

Ribaa does NOT make unaffordable things affordable. I am not obligated to offer you a "solution" thru youtube now. My obligation is to point you away from haram.

[insan011]

Well, you claim to be an imam. Is imam not the leader of a commune or jem'at? You have two obligations. One is to point away from haram and explain the islamic law, but the other is to give advice and provide other acceptable solutions. At least that is what I think. I suggest that you familiarize yourself more with the sharia law and exceptions agreed upon by ulema. Understand that we are not living in a perfect world. Coexistance is the key to a peacefull existance.

[IslamIssue]

Akhi,

What you said in 1:33 to 1:43 makes you a kafir. If you commit that act then in an Islamic State you are to killed as a kafir and to be buried in the burial grounds and your property is to be confiscated.

Thus I'm saying that how can one compare that act to riba??

As taking riba doesn't make you a kafir.

Please understand that in no way am I promoting/support the practice of riba.

But I do feel that your comment 1:33 to 1:43 is too harsh.

Please correct me if my understanding is wrong.

[IslamIssue]

line 4 correction: *and to be buried in the burial grounds of the kafirs.

[dawahworks]

If you reject the hadeeth, then that would make you a kafir. The rule is to avoid & abhor Ribaa as you would avoid & abhor sex with your own mother.

Concentrate on obedience instead of refuting the punishment.

[IslamIssue]

I'm NOT trying to reject the hadeeth

But many popular hadiths are weak

Thus could you please tell me from where the hadith is taken from and if it is because we muslims are not to be blind follwers

The statement of Sheikh Dawood Adib would depend on whether the hadith is saheeh or hasan, daeef or maudoo?

& if the hadeeth is saheef or hasan, then I have no problems in accepting it BUT if the hadith is daeef then it has to be supported by a stronger hadith

But if it is maudoo,it has to be rejected

[dawahworks]

I gave the references to those ahadeeth in the video. I also quoted Qur'an. Qur'an contains no weak or forged ayats.

[IslamIssue]

My mistake brother,

I was listening to your lecture while working on another webpage.

I apparently missed out the tirmidhi. reference, as its only in the written format.

Jazak'Allah khair for correcting my understanding.

[kalima01masjid]

Salaam Alaikum Brother

As always informative and conscience awareness

Great video. Keep up the good work. Allah bless you.

[Ahmedo1984]

Salam Aleikum Brother. One Question I have debts of School funds and I have to pay a small amount of Riba with that what do I have to Do?

[dawahworks]

Wa alaykum As Salaam,

Of course, in hind-sight, you should never sign contracts that reflect ribaa. I would advise you to consult a financial adviser with your issue, because I can't say TO pay it & I'm not aware of any loop-holes that may exist.

[Ahmedo1984]

o.k Thank you for youre replay Brother May Allah Bless you for youre efforts and Dawah. InshAllah I will ask some adviser about this issue. But I think that where I live in The Netherlands they will take you to court to get the Ribaa from you.

[shakirshuvo]

Salam alaikum brother. lol cry me a ribaa... I'm loving the title... also, the video is awesome.

[soghayroun]

nice video man...i c that u've grown ur beard MashaAllah!!

[Kite207]

lol

good video

[Nazihah06]

Assalamualaikum Brother,

Great explanation!

Jazakallahu khair.