How Islamic Finance Actually Works

[@billcarpenter5271]

Tabarak Allah akh Almir !

[@MohammadUmar-w1p]

We as a Muslim entrepreneur wants more informative videos like this.

[@ahmedalshalchi]

ma shaa Allah ... Very wonderful briefing of the topic , may Allah bless you to increase more the content of discussions about Islamic applications in real life ...

[@marwanel5348]

May Allah increase you in knowledge ❤

[@omar1187]

Im recommending your video to people. I hope more people can get educated on a topic that was highly emphasized in the Quran

[@MuzammilBaghdad]

JazakAlllah Sir, what a beautiful explanation, i understood the main thing and diff btw islamic and conventional system, jazakallah khair :)

[@farmingmachine9723]

Hvala, Allah c.c. razı olsun. Great content as always

[@muhammadarif-ng9rp]

May Allah bless your struggle. Beautiful. Ibn khuldom: market where transactions occur and theses transactions should be wholesome and not limited to finance only.❤

[@sanober510]

Recently came across your channel and am glad that this channel exists. Wonderful work

[@AlmirColan]

Welcome aboard!

[@shalunu]

JazakhAllahu Khayran for the explanation! One small note, I feel like the portions of the video which shrink your screen and show another graphic are distracting from the topic. I believe putting you as the main focus throughout would be better. Just my opinion, but jazakhAllahu khayr for all that you do, may Allah bless you and your family!

[@nnrahbar]

masha Allah.... very nice explanation ... ... ... 🍉

[@fatimahibrahim1398]

Beautifully explained. Masha Allah!

[@MrSuperpak]

It was a great explanation. 👍

[@cloudnimbus-]

I’ve been your student for a while now and hoping to learn more. JazaakumuLlahu khoiron. But please sir, the sound in the background is kind of distracting. Thanks a lot for your attention.

[@AlmirColan]

Thanks for the feedback. I will let the editor know

[@MouhamedDiatta-hi1gv]

Rightly it is distactring

[@DonkeyTate]

Allahumma Barik

[@umairj5591]

Amazing explanation

[@mohdazminishak6387]

Salam, can you make video explanation how Islam intrepret inflation and time value of money? Compound Interest was justified in the conventional financing due to these inflation and time of value which is taught in all economics, and finance classes

[@swiftsidewinder]

JazakAllah khayr for the simple yet concise explanation. Does this mean money for money transactions cause inflation?

[@AlmirColan]

Money-for-money transactions such as loans can impact inflation, but other major forces like supply chain disruptions and monetary policies also play significant roles. See my documentary and case study on Turkiye's economy for more details - Available at this playlist - kzbin.info/aero/PL648OdKhWVX-87SLEn5bQ0-_VnXoQpnB1&si=wn_fkxVhROpVk24C

[@aaymanbd]

How come you never show the mathematical difference between the two systems? Lets say for purchasing a house in a Salam contract, what would be the net difference in profit/loss for all parties involved in the transaction.

[@KLear-qm6dg]

How can i take a business loan? can i take a loan if they charge me a fixed service fee? Even in that case Im still paying money for more money right?

[@bumingchannel5676]

a great explanation

[@azmatghani6064]

I have some disagreement as you have explained two different type and only one preceptive view of both banking only this isn't the systems work in actual. As per my understanding banks work on fraction of rate of investment from the deposits by both type of banks later these deposits use as further investment in the market, the deposits can be saving, or current account in lay man term, but the investment made by current account by the bank is not consensual from the party so is it halal to make profit from someone money without there concern?

[@zaphrode4110]

how can I buy a home without taking a mortgage?

[@overtake296]

Dacoumants processing of pay

[@ademvelic3580]

Salam alayk, can you give detail example of buying a house

[@darkgalaxy5548]

You want to buy a house, but don't have that much money. Instead the bank buys the house, and every month the bank sells you a share of the house at a low affordable price, until you finally purchase all the shares in the house (usually more than the bank paid for the house). Also the bank will charge you rent to live in the house, until you've bought every share & the house is 100% yours. The difference between Islamic banking & interest is mostly semantics. The same amount of money changes hands between the same people.

[@magicspout]

Brother i have a few questions. I am trying to learn why does a man who cannot afford a house needs to burden himself with buying himself a house using loans. What does Islam say about this question? Just because the riba based banks have created a habit / trend of getting people into a buying spree by making easy and long periods of loan, do we have to follow their footsteps. These tools only make the society drown into loans, liabilities and even unnecessary desires Please share your thoughts Shaykh

[@Thepackman1997]

Because sometimes that’s the only way to purchase a necessity like a house. Besides, an installment sale is different from an interest bearing loan.

[@AlmirColan]

To own a home or not is an individual decision based on personal assessment and preferences. My opinion is that if you can find a way to own a house that does not go against Islamic principles, then it is better to own a home than not to. A more detailed explanation is here: kzbin.info/www/bejne/Z5_LgmOqhMh4opI

[@magicspout]

@@AlmirColan jazakallah khair

[@Trekz86]

Brother almir how are the islanic banks able to habe some much money reserved for these loans without generating money ?

[@AlmirColan]

Interest free does not mean profit free

[@farid4566]

what is the difference between both? ​@@AlmirColan

[@doctorsfaithcorner4917]

WALAIKUMUSSALAM WA RAHMATULLAH

[@yousifbolifa2904]

Brother, thank you very much for your efforts. However, I have a really bad gut feeling about the Islamic financing. Especially the so called "Murabaha". Even if the Islamic bank is buying the house and then reselling it to you, they are still just making money out of money. If they actually owned the house before you even showed interest, then that's fine. But they don't. The way it works, at least in my country, you go to a bank and say I want to buy that house or car They go and get buying contract for that house and have it next to your selling contact. And then to make it "islamic" they sign the buy first and then they sign the selling within minutes. This act don't set well with me. If a bank want to invest and buy houses, so they can selling them to people and make profit, that's absolutely fine. As long they own the houses before even having a buyer. Now of course this can mean that they are risking loosing their investments, but that's what trade is. But they never do it that way. So that's why I have a bad gut feeling about this

[@AlmirColan]

That is for sure one of the challenges when structuring home financing arrangement where banks or financial institutions can not own property.

[@haseebhabeebulla2200]

Assalamu alaikum Can there be details explanations about a Hadith: Are all the dates of Khaibar like this? He said: Allah's Messenger (ﷺ) , it is not so. We buy one sa' of (fine quality of dates) for two sa's out of total output (including even the inferior quality of dates), whereupon Allah's Messenger (ﷺ) said: Don't do that, but like for like, or sell this (the inferior quality and receive the price) and then buy with the price of that, and that would make up the measure. Sahih Muslim, 1593 a What are the ways do we have to do transaction and How?

[@AlmirColan]

That is the rule for exchanging ribawi goods of the same type. That is why we say money-for-money transactions must be on the spot and 1:1 (in equal amounts). I explained these rules in this video. See the discussion on types and rules of Riba here -kzbin.info/www/bejne/Z2mpe5qOn9aKZtk

[@close-grained5599]

Can you please make a video on share market investing..

[@AlmirColan]

Its on my todo list ;)

[@close-grained5599]

@@AlmirColan ok sir Thank you Glad to talk to you

[@AlienwareXable]

Brother Almir with due respect almost all islamic banks are borrowing money from other commercial banks and then kind of acting as brokers so are we not supporting the riba based system indirectly ?

[@AlmirColan]

I don't think that statement is correct. Try to be specific.

[@hahaloser3914]

@@AlmirColan he is very right,Its not "islamic" banking at all

[@nazb1982]

@@hahaloser3914the whole system of money creation is broken and probably not Islamic. Governments can create money which is backed by nothing. Worse fractional reserve banking means private companies can also create money. It would be very difficult if not impossible for Islamic banks to run on a 100% reserve system or if they did they could only give out very few loans on considerably worse terms than interest based options. At least Islamic finance systems are better if not perfect

[@alibarisa2778]

Muslims need to create a pool of money which can be lent to Islamic banks under Shariah law to cut the link of flow of money from the convectional banks to the Islamic banks. Here Islamic governments, Muslim leaders and affluent Muslims in the society may have to chip in with a portion of their money to help keep this pool afloat. That's my suggestion.

[@Aishathliusha]

Please give evidence when saying this, it should not be said as hearsays and general perception. Islamic finance is an area to study and learn and applied

[@wilsonwebb107]

If Hagar, the maidservant, wasn’t the maidservant but be a noble lady in Saudi Arabia or Egypt 😂