Hehe, the Vatican - the financial geniuses of our time. Nevermind the fact that Europe already tried the "Islamic banking system" (the same BS is in the new testament which forbids interest and was enforced by.... *drumroll*.... The Vatican) and it failed horribly. They solved the problem with Jews, since they were allowed to charge interest rates, and thus Europe is more advanced than the muslim world in every single aspect.
Here is the question. Would it be acceptable to use the no-interest aspects of the system without applying the restrictions on certain commodities such as pork and tobacco products. Those restrictions would be culturally unacceptable in the West, but if they could be separated from prohibition of derivatives, forwards, options, futures, short selling and scalping, they would aid in the repair of a system destabilized by usury, gambling, and a malicious attitude towards the poor.
Some people think that by applying the Islamic financial system,they are obligated to become Muslims and that is the big mistake.Our golden rule in Islam is that "no one is forced to convert to Islam".We explain Islam principles to Non-Muslims and then they have the freedom to convert or stay in their religion.
Its a bit of a misnomer to state that the Pope wishes the 'Banks' and Money Lenders to abide by Riba principles. He has only reiterated what Pope Benedict the 15th stated over 300 years ago and what the Council of Nicea had ruled over 1700 years ago.
The most sensible thing the Vatican have announced for a long time : ) The Bible also forbids dealing in usury/ interest, but sadly most Christians have forgotten this. I heard on BBC radio how the Islamic Bank of Britain has attracted quite alot of Christian customers because of its banking policies. The Islamic financial system is definitely a viable alternative to the mess we have at the moment. It's been called a third way between Capitalism and Socialism.
Islamic ethical guidelines in finance are the tools to make a legal action the right action to enhance equality and fairness for the good of society as a whole. Make ethical decisions and take responsible action each day so the wealth and losses are fairly shared and distributed. The world is in desperate need for an alternative financial approach anyway since the conventional banking had collapsed.
The prohibition of usury is contained in all the original texts of judaism, christianity and islam. Islamic finance is a gift to mankind and is not reserved for muslims. Islamic finance law is flowing from this pure original source. It was designed by the One God who created this universe and who knows what benefits mankind. Islamic finance is the exact opposite of Wall Street's greed, tricks and deception....!!! Thank you Brother for sharing .
Free market capitalism solves it all. Corporatism and state capitalism(socialism) is what people erroneously call capitalism. Jews and economic turmoil have a long history of friendship, the 100+ times they were expelled for countries were always related to this. Principle Shareholders of the Federal Reserve are Jews. Rothschild Banks. Warburg Banks. Lazard Brothers Banks. Israel Moses Seiff Banks. Chase Manhattan Bank. Lehman Brothers. Kuhn Loeb. Goldman Sacks.
Hehe, the Vatican - the financial geniuses of our time. Nevermind the fact that Europe already tried the "Islamic banking system" (the same BS is in the new testament which forbids interest and was enforced by.... *drumroll*.... The Vatican) and it failed horribly. They solved the problem with Jews, since they were allowed to charge interest rates, and thus Europe is more advanced than the muslim world in every single aspect.
Deidara85 3 months ago
Here is the question. Would it be acceptable to use the no-interest aspects of the system without applying the restrictions on certain commodities such as pork and tobacco products. Those restrictions would be culturally unacceptable in the West, but if they could be separated from prohibition of derivatives, forwards, options, futures, short selling and scalping, they would aid in the repair of a system destabilized by usury, gambling, and a malicious attitude towards the poor.
AeSaar 7 months ago
Some people think that by applying the Islamic financial system,they are obligated to become Muslims and that is the big mistake.Our golden rule in Islam is that "no one is forced to convert to Islam".We explain Islam principles to Non-Muslims and then they have the freedom to convert or stay in their religion.
jamesbond183 1 year ago
vatican and money???? dam i thought they were a different way..... fuck
domandcaro 1 year ago
does western really confront islamic world ? Vatacan and turkish ppl are also western ppl yet they are friend with islamic ppl
kaneqeqeq1 2 years ago
at the end .. always Islams's ruls appear to be the perfect ones !
Awj1977 2 years ago
Its a bit of a misnomer to state that the Pope wishes the 'Banks' and Money Lenders to abide by Riba principles. He has only reiterated what Pope Benedict the 15th stated over 300 years ago and what the Council of Nicea had ruled over 1700 years ago.
Usury is a Sin.
PaulMcCoch 2 years ago
The most sensible thing the Vatican have announced for a long time : ) The Bible also forbids dealing in usury/ interest, but sadly most Christians have forgotten this. I heard on BBC radio how the Islamic Bank of Britain has attracted quite alot of Christian customers because of its banking policies. The Islamic financial system is definitely a viable alternative to the mess we have at the moment. It's been called a third way between Capitalism and Socialism.
Great video, mashaAllah : )
oclandestin 2 years ago
so welcome to Islam again! And this time from your pockets(it always come to rescue you from where you least expect it) :))
statelesspatriot 2 years ago
Islamic ethical guidelines in finance are the tools to make a legal action the right action to enhance equality and fairness for the good of society as a whole. Make ethical decisions and take responsible action each day so the wealth and losses are fairly shared and distributed. The world is in desperate need for an alternative financial approach anyway since the conventional banking had collapsed.
statelesspatriot 2 years ago
The prohibition of usury is contained in all the original texts of judaism, christianity and islam. Islamic finance is a gift to mankind and is not reserved for muslims. Islamic finance law is flowing from this pure original source. It was designed by the One God who created this universe and who knows what benefits mankind. Islamic finance is the exact opposite of Wall Street's greed, tricks and deception....!!! Thank you Brother for sharing .
Boulkhodra 2 years ago
they should say next all christian come to islam next
ZionismISNEWNazism 2 years ago
yes brother you are right .... they knew about it in their hearts but hard for them to say it ...
sal64london 2 years ago
Great work
much interesting
cheers bro
ahmed1982alaoui 2 years ago
Chaque système connait son Obsolescence , Et par pour Rien ??
merci Kho .
veracite13 2 years ago
asperin 2 years ago