One of the worst and most intensive financial disasters is..
.. Usury [Ar-Riba]
the reason is that, it is wide spread all over the world..
and Muslims are dealing with it without knowing!
Why [Ar-Riba] is a disaster?
because, Allah, Almighty, has warned that the money which increase with Riba.. will be deprived of blessings.
Why it is a disaster?
because, the biggest financial problems in the world, today.. are due to Riba.
Some people say that..
trade is like interest[Ar-Riba]..
so as to ease their hearts.
But, Allah, Almighty, has warned us.. He said:
".. But Allah has permitted trade.. "
".. and has forbidden interest.. " 2:275
We've studied this subject in more than one country in the world..
to show the importance of the Sharia.. the law that prohibits Riba.
'It is a remembrance.. a lesson.. a light..'
'that have a cure for hearts..'
'and it is our intercessor at the Day of Resurrection.'
'Its verses quench the thirst of all..'
'and its merits are the water-spring of guidance.'
'By loving it, we will be in Janat.'
'Our lives would never be straight.. '
'.. except with it!'
Riba has extirpated..
many human beings..
for that reason..
we tried to put our inquiries in front of different experts..
.. economists, Arabs and Foreigners..
Now, here, in the Central Bank of Sweden.. they want..
to encourage investments..
to encourage buying.. to boost the Sweden economy..
So, they put a zero interest rate..
to combat putting money in banks..
.. Immobilization of assets.
Actually, the idea of Riba is..
to make profits from time.
So, In Islam, the secret is that..
this Riba is..
based on processes that lack..
mobilization of goods and services, in the economy.
And as it is deficient of that .. then, it is prohibited in Islam!
The subject of Riba in Qur'an is frightening..
and the warning that is from Allah, Almighty, to people who are dealing with Riba..
is very serious.
And, Allah, Almighty, has described the person who eats Riba..
by putting him in an ugly picture.. so as to make us hate Riba.
Allah, almighty, said:
"Those who consume interest cannot stand [on the Day of Resurrection] except as one stands who is being beaten by Satan into insanity.. " 2:275
And, Allah, Almighty, didn't announce war against anyone..
except against the person who deals with Riba.
Allah, Almighty, said:
"And if you do not.. "
".. then be informed of a war [against you] from Allah and His Messenger... " 2:279
So, there is a general rule in Islam..
[Allah has permitted trade].
this is the first gate..
[and He has forbidden interest.. Riba].
this is the second gate.
All that is a real beneficial mobilization of commodities and services..
it is under the gate of Halal..
[Allah has permitted trade].
And all that doesn't provide a service..
or a real commodity that is mobilizing within the economy..
and it is a way of profiting..
then, it is absulotly forbidden in Islam.
as it belongs to the gate of.. [He has forbidden interest.. Riba].
Of course, this idea is well known in Islamic Sharia..
that money should circulate..
And frozen money, is a burden on society.
Now, they have this philosophy in Sweden..
that we must promote all ways.. all chances.. to encourage people to
invest money, and to avoid its stagnation!
We, as Muslims, should know that..
everything that Allah, almighty, has forbidden..
.. with no doubts, there is a wisdom behind this command.
If we could know this wisdom..
it is an extra information..
and if we couldn't know the wisdom..
then, to Allah, Almighty.. we hear and we obey.
And, for sure, Riba has many disadvantages..
socially or economically.
and the most important disadvantage..
is that is mentioned in the verse of Riba..
" Allah destroys[Yamhaq] interest and gives increase for charities.. "
[Yamhaq] means; He will destroy and ruin the money of the person who deals with Riba..
and this is a promise, from Allah, Almighty.
So, what is the loss that is greater than this loss?!
From your experience, and from your communications with the western economy..
What is their opinion about Islamic economy?
Suppose a person has one Million..
and he put that money in one of two activities..
one is to invest in building a real estate building..
let's say.. a residential property..
or to invest.. in loanes, with an interest.. Riba.
If we follow the economical behavior in both cases..
we find that to invest in building a property..
he will need to hire working labour to construct the building..
this will cause an abnormal activity in the economy..
due to connecting money..
with this productive process.
Muslims in this country are suffering from Riba..
and the most serious problem is with residence..
it is difficult to find residence in Sweden..
the most difficult country in the world, to find accommodation in it, is Stockholm
Doctor, a man is living in Europe..
And he doesn't have choices, all the banks there are conventional Banks..
and he wants to open an account, what is the opinion according to Sharia?
He can open a checking account.. it is [Jaiz]..
No problem about this..
because the checking accounts..
is a bank service..
and not a process that involves Riba.
I mean, He doesn't get interests from the money in his account.
And this is the case with most, or even all the checking accounts..
of the conventional banks in Europe.
So, if the service is permissible [Mubah]
without interests.. without Riba in it..
without undervalue.. [Ghaban].
without any factor of deceit.. [Garar].
without a reason.. for its being Haram..
all known reasons that are in Islamic Fiqh [laws]
No problem to deal with it..
with the conventional bank.
'Fasero..'
'Fasero..'
'From this you will attain faith..'
Now, we are in Europe..
Do you think that there are commercial banks or conventional banks that provide Islamic services?
And if there are.. why?
What is preventing the commercial and conventional banks from providing Islamic services?
What is the reason?
So, we tried to build..
relations with Swedish banks..
with official authorities in Sweden.. with politicians..
to find an alternate solution that doesn't deal with Riba.. in Sweden..
So, we did a study..
a book, about the Islamic economy..
in Swedish.
and we used it to gave courses.. to the Muslim community and to banks too..
So, we've done courses to some Swedish banks about; What is the Islamic economy?
Allah, Almighty..
He didn't forbid Muslims, only.. from doing Riba..
But, Allah, Almighty has prohibited it in all the former religions.. that are of Jews and Christians..
and the law of interest has began spreading in Europe..
only after the French Revolution.
in the year 1789.
In fact, Riba is an investment in time!
this means that the bank..
or the lender with Riba..
they give cash money..
and they ask for an increase.. in place of time..
in place of postponing back payment.
For example, they give 100..
under two terms.. payments.. that are to be paied by the receiver of the loan.
the first is..
the original loan.. which is the 100
and the second..
is the profit over the lended money..
let's say it is 10.
This way, the bank is making profits from time only.
without the need for having the trouble of owning a commodity!
or financing a real productive project..
this is exhausting!
So, they resort to the easy way..
and that is, profiting from the mere time.
Doctor, what are the differences in financial processes..
between conventional banks practicing Riba, and Islamic banks?
as regards financing.. what is called loans..
Yes, as you've said..
this financing is with interests.. Riba
So, the financing of the conventional banks..
is based on interests.. Riba..
they give the loan..
with an interest.. an increase.
this increase is the forbidden Riba..
But, the financing of Islamic banks..
is in the form of selling..
is selling at a profit.. Murabaha.
and selling to get money.. Tawarruq.
Or in the form of renting [Yjara].
Or in the form of manufacturing [Istisna'a].
Or in the form of [Salam] selling.
Or in the form renting to own.
Or in the form of partnership that will end by owning.
There are many forms of financing.
they are based on methods of financing that are Shariah [lawful].
and the money circulates in a normal circulation!
Mobilization of money in economy..
is like circulation of blood in human body!
The more the fluidity of the blood..
readily flowing..
easy in mobility..
streaming..
this would be reflected on the general health of the body..
in the form of.. strength.. vitality.. and efficiency!
And the more the restriction of movement of the blood in the body..
The body would show diseases and symptoms..
that might lead to its death!
and its loss.
So, Islam sees money..
as blood in the body..
And Islamic legislations should guarantee..
that money should be in a continuous state of flowing and mobility..
Lately, I hear many young men.. talking about banks..
What is the difference between Islamic banks and conventional banks..
They say that this one is like that one!
So, we answer them saying; this is selling and that is Riba.
They say; Riba is like selling.
because, here, they take a percentage, and there, they take a percentage.
Listen to the saying of Allah, Almighty, it is like their arguing:
He, said:
".. That is because they say, "Trade is [just] like interest... "
".. But Allah has permitted trade and has forbidden interest.. "
And listen to the admonition, at the end of the verse!
He said:
".. So whoever has received an admonition from his Lord and desists.. "
i.e. repented.
".. may have what is past.. "
".. and his affair rests with Allah.. "
Allah, Almighty, will forgive him!
Then Allah, Almighty, said:
".. But whoever returns to [dealing in interest or usury] - those are the companions of the Fire; they will abide eternally therein."
I'm afraid, that this time, the time we are living now..
is the time that the prophet Muhammad, may Salat and Salam be upon him and his family.. has told us about it.
he said:
' People will come to a time..
a person won't care..
how he has gained his money..
from Halal or Haram!'.
Allah is the helper.
'Make our hearts happy with it..'
'and forgive our sins with it..'
'and with it, expand for us our chest..'
'O our Lord.'
'Eliminate our sorrows with it.. '
'and with it, relief our glooms..'
'and make it a witness that is for us..'
'O our Lord.'
If a world leader in economy told you..
that the biggest harm that would affect economy..
and the greatest financial losses that you might have..
are because of dealing with Riba.
would you put your money in processes that are depending on Riba?
The answer is.. Of course, No!
Why don't we trust the words of Allah, Almighty?
Today, in this episode..
We've reviewed the talk of many economists in the world
and we've learned that, most of the economic disasters in the world.. were due to interests.. Riba.
and this is what Allah, Almighty, has told us about.. the result of dealing with Riba.
"And say, "[All] praise is [due] to Allah.. "
".. He will show you His signs, and you will recognize them.. "
".. And your Lord is not unaware of what you do."" 27:93
'The universe kept silent, because your words have talked'
'a truth that is honest and evident'
'It is the truth, with no illusions'
'Exalted, Who sent Qur'an with the truth'
'And it consists of the secrets of existence'
'And with it, is beauty..'
'and for it, is eternity'
'It is a perfect wisdom..'
'and when minds are lost, they come back to its wisdom.'
'And it consists of the secrets of existence'
'And with it, is beauty..'
'and for it, is eternity'
'It is a perfect wisdom..'
'and when minds are lost, they come back to its wisdom.'
I don't want to feel that this program is mine..
This program is yours..
each one of you.. make an intention.. from now..
to be a Da'aia to Allah, Almighty, even with one verse..
send a message..
or a photo, or a video..
and by the will of Allah, I'll publish the components..
that is consistent with the greatness of this universe..
and that is about the wisdom behind the Islamic laws.
Send now to the website of Noon
and don't hesitate!
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