This video didn’t answer the question. Tell us what differentiates the traditional bank from Islamic bank ? Thanks
@Sam-ux8we2 ай бұрын
If an islamic bank buys a $100 000 house to sell it to me $120 000 so I don't use the interest (Riba) how and where did the bank get this money from...? A bank..?
@stalin15552 ай бұрын
The title should be "How to collapse your country's economy in 3 months"
@planthearium9082 ай бұрын
Islamic countries using their islamic system banking is the most prosperous economy in the world.
@stalin15552 ай бұрын
@@planthearium908 what? 🤣🤣 Even Saudi Arabia doesn't follow your bull$h¡t isl@mic banking. Name one pisslamic country which wholly and completely follows your 'isl@mic banking'. (Hint: there're none) 😂
@TheUtubers2 ай бұрын
@@planthearium908 dude we've done islamic banking system in the 70s and 80s and let's just say.. It doesn't work. The only reason why our country didn't completely collapse was because of us and saudi oil money. So no my friend it literally doesn't work.
@planthearium9082 ай бұрын
@@TheUtubers it doesn't work because you are not an expert of the system.
@TheUtubers2 ай бұрын
@@planthearium908 sure thing buddy sure thing whatever you say... And not to dismiss your majestic assumption but I spent months on it and it doesn't work. That was the whole reason why the middle East started adopting a more British style of capitalist economics rather than their older ones cause it simply wasn't sufficient enough to raise the standard of living. I could go into further more detail but it be simpler if you went and researched it yourself. It'll be more educational and less confrontational... Plus always be open minded buddy, the world moves on with time and what can't move on gets left in the past that is a fact. And the islamic economic system is one of those things. But still you don't have to take my word for it. Go do some research of your own, I'm sure you'll find it educationa,l if you want to learn instead of assume that is.. Anyways have a good day 💙
@NEOGEO19664 ай бұрын
MashAllah
@simpleman15465 ай бұрын
Let me quote an example: Say a trader bought peanuts for 50 bucks and he is selling it at 60 bucks. How is that different from him charging 16% interest over 50 bucks?? What the ruling on making money from assets? Say I bought a car on finance- how will a bank earn ?
@mudza92Ай бұрын
Buying and selling for more is trade, business. Giving money for interest is what is prohibited because look at the western world rich become richer day by day and poor become more and more poor. Because of interest. Intereat grows, you are late you pay penalty and the more time you need to pay the more money bank earns. But if bank buys car that you want for certain amount and sells to you for a bigger amount. Thag amount is set in place it can't grow more that's it.
@sazidafnan50155 ай бұрын
Bullshit
@haseebahmedd5 ай бұрын
So eventually it is same. With islamic finance bank purchase the asset. And the won’t charge interest and will call it rent. All the banks are haram, they just change the name of interest as a rent.
@sharminahamed20833 ай бұрын
Interest has no risk to the lender but in rent,if the buyer leaves without paying for the property, this puts a risky financial burden on the bank,Risk/Action is what Islamic banking all about. In other places they don't bare a risk regardless of the borrowers financial situation while here if he doesn't pay the mortgage,the bank is in trouble
@user-ce5bu3fi8d2 ай бұрын
I think you'll know the difference if you understand islamic banking better
@itzblackstray62562 ай бұрын
@@user-ce5bu3fi8dcould you please explain to me what is it about? Can I take a huge loan for a business and then pay them back without no interest and sharing profits?
@abdikhadir11916 ай бұрын
May allah reward you😊
@rosniarmeutuah49477 ай бұрын
thanx fo sharing with us
@TheIzzlud8 ай бұрын
Can you show example how to buy a house based from Islamic bank system?
@2009jadeorchid8 ай бұрын
islamic banking would get rid of all corruption
@noahriding57808 ай бұрын
It seems like there are some advantages to Islamic Banking. But what are the disadvantages, if any? Are people who aren't followers of Islam allowed to use Islamic Banks?
@tranium678 ай бұрын
Yeh anyone can use islamic banks
@nigeris100008 ай бұрын
So how exactly do they profit
@mudza92Ай бұрын
They buy and sell assets for profit. That's plenty of money. Islam just wants to make sure rich people don't get extremely rich on the backs of poor who become more and more poor. It balances things out
@irshadansari75389 ай бұрын
Need to explain more effectively
@sekateahmed9 ай бұрын
This is a great ❤ it's my first time to hear about Islamic Banking, but how can I get involved in above system?😢
Still doesn’t cover the answer to be replied.. I still don’t get how 5r Islamic bank works😢
@Zen_Ft5e10 ай бұрын
How about a simple example. If I want to buy a house as my families home, how does that work? Does the bank "own" my home and I lease it? Or something else?
@razamughal45829 ай бұрын
If its a mortgage the bank owns it
@closeupman959110 ай бұрын
nice...but would be better without music when explaining something Islamic! 🤣
@User.2024.19 ай бұрын
I didn't even notice that until you mentioned it. There's nothing wrong with a background soothing sound. Don't be too picky. You may not like it, but I like it, ignore it. If it bothers you so much, maybe don't watch it.
@closeupman95918 ай бұрын
So telling the truth is being picky?@@User.2024.1
@emergencyambulance20175 ай бұрын
well said@@User.2024.1 some people are just too cringe about music
@hadeethdaily730010 ай бұрын
The simple principle of Islamic finance is money should not make money, there should be risk and profit factors involved in the transactions. Without work/risk/action there is no barakah in your money, and your life will be lazy/lethargic/boring. To keep humans healthy and active Riba is made haram in Islam and business (profit and loss) is made halal. In Riba, there is an exploitation of once situation to make money.
@fraz00610 ай бұрын
When 'Islamic Banks' put the price of these so called 'house lease' or 'car lease', normally jaws will drop. The idea of renaming and redefining this and that is smart but i do strongly believe that there is a very strong reason why Islam prohibits riba. If the profit fixed by Islamic bank is as high as conventional bank loan interest ? The consequence is more less the same, the poor will still be oppressed, so whats the point. Of course that s the goal of prohibiting riba, to avoid the rich oppressing the poor. Have you heard any Islamic bank make loss? Sounds like the risk isnt shared equally between Islamic bank and loan customers ..
@deen_squad_jnr110 ай бұрын
Why are u so obsessed to condemn Islam?
@fraz00610 ай бұрын
@@deen_squad_jnr1 i am a Muslim. Why I wish to do that? I am influenced by Sheikh Imran Hossein's opinion on riba and current slamic Bank loan system .The system still has a lot of room for improvement.
@aiyukihara10 ай бұрын
Bro. The purpose is only to avoid riba, not lending house for free to you. That's not what Islamic finance is about.
@razamughal45829 ай бұрын
Islamic banking is a scam. The rate you pay back is higher than if you were to pay interest
@Dr.tariqazzam9 ай бұрын
My brothers which islamic bank do you think is authentic and adheres to sharia guidelines, recommend for me please the non liar banks?
@NasirKhan-fx8hq11 ай бұрын
Good presentation but still need more details of transaction and profit losses.
@irorook37011 ай бұрын
Distinction without a difference. Profit is interest.
@oneshotaddictedlolshorts786410 ай бұрын
that's why its called Islamic banking , we belive profit and interest is not the same thing
@mudza92Ай бұрын
How is the profit interest? Profit is profit, interest is the one thing that allows rich to become more and more rich day by day, while poor become more and more poor and more in debt. Without interest that's not possible
@TheCatoblepass11 ай бұрын
what if the shariah board is "owned" by the bank?
@CClockworkk3 ай бұрын
The sharia board is never owned by the bank and is usually either provided by the state or is formed privately away from owners and stakeholders of the bank with government oversight. If the bank does own the sharia board or has any amount of influence over it then I would assume that the government would intervene.
@Jaber-Ul-Haq11 ай бұрын
Very Well Explained 👍
@bushfires176011 ай бұрын
would be good idea to ask to many Pakistanis and Indians workers exploited in Qatar the lovely experience with Islamic financial system (no much differences with the other one)
@asadzeethree272610 ай бұрын
You're just upset that your financially and emotionally broke!!! 🤣
@bushfires176010 ай бұрын
@@asadzeethree2726 yes, no worries...I'll use your system to be saved...I assume you are living in an islamic country
@yousefghanem718310 ай бұрын
@@bushfires1760while I don’t know much about what may or may not have happened in qatar, just because a country uses the islamic banking system does not mean that oppression is required. At the end of the video it said that the bank needs an independent board to verify that all of its actions abide by sharia law. Exploiting a worker because they are in a bad situation would most certainly be against sharia law and so in theory an Islamic bank( or any islamic institution that abides by sharia law) would not do that without facing consequences.
@bushfires176010 ай бұрын
yes sure...
@asadzeethree272610 ай бұрын
@@bushfires1760. Brokie! 😆
@infoteka170811 ай бұрын
You couldn’t explain how it works Halfway through only
@ismoilova_shahina Жыл бұрын
Well explained. Thank you
@Wisdomseeker1028 Жыл бұрын
When a person buys a house from a bank, and agrees to paying in installments which totals higher than if paid upfront, what happens if he decides later to pay it off early? Would that then be considered 2 prices for the same asset, which is prohibited?
@zenalsham797710 ай бұрын
No he can't change or and if he did he has to pay the higher price
@paidsurveys6561 Жыл бұрын
Money in the west is not even money , its printed and not backed by anything so can this be considered money
@juliusnadduli4668 Жыл бұрын
great stuff here - is there part 2?
@Simplicity111 Жыл бұрын
this is underrated !!! this deserve more view!!! Thank You
@lilylily6625 Жыл бұрын
Jazak Allahu Khayran 🌸 Thank you so much!
@merisn Жыл бұрын
Lovely
@ayesew-ayesew Жыл бұрын
Nice
@ahsanhassan70653 жыл бұрын
Bro Agar Multan mai kisi ny Pak Qatar Takaful saving plan karwani hy to apna number comments mai drop kar den mai contact kar lun ga ( Faysal Bank Relationship Manager Multan))
@pasufi4 жыл бұрын
How can the whole capital be considered debt if it constitutes more than 33% of the capital. What is the guiding principle here - it seems to be an "opinion" rather than "principle". Why should it not be 25% or 50% - why 33%? Not answered.