The Prohibition of Riba in Islam by Syeikh Imran Hosein (Full Lecture HQ)

Syeikh Imran Hosein Indonesia Lecture Series (Full Lecture HQ)
The Prohibition of Riba in Islam
JIMS, Ciputat, 24 December 2011

At the heart of the Islamic prohibition of usury (Riba) is the maxim that if you do not plant, you cannot reap. This constitutes a rejection of the false claim to a 'time-value' of money. Money by itself cannot increase over time without any input of labor, or without the risk (of loss or of gain) inherent in an authentic business transaction.

The blessed Prophet declared that any transaction involving an exchange of 'money' for 'money' must be an equal exchange, i.e., with no difference in amount of money exchanged. He declared that an unequal exchange (that would open the door for money to increase over time) would be Riba. Islam also insists that all business transactions must involve risk -- and hence 'profit' or 'loss'. Allah Most High can then intervene to distribute and redistribute wealth by taking from some and giving to others. In this way the rich would not remain permanently rich, and the poor would not be imprisoned in permanent poverty

Category:

Education

Tags:

• Syeikh
• Imran
• Hosein
• Islam
• Prohibition
• Riba
• Quran
• Usury
• Money
• Lender
• Dinar
• Dirham
• Economics
• Bank
• Credit