Ibn Taymiyyah on Money Debasement and Inflation

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Almir Colan

Almir Colan

Күн бұрын

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@fire.smok3
@fire.smok3 4 ай бұрын
Economics is such an important part of the religion, it's good to see it being taught
@Abuqital2000
@Abuqital2000 4 ай бұрын
The sharia is perfect
@AlmirColan
@AlmirColan 4 ай бұрын
@@Abuqital2000 💯 - and it has deep wisdom embedded in it
@أبوصخر28
@أبوصخر28 4 ай бұрын
Of course. لا إله إلا الله
@victorkey1218
@victorkey1218 4 ай бұрын
You have spoken the truth
@Roshan-iw2eg
@Roshan-iw2eg 4 ай бұрын
Nice joke! Then show me why there is not even a single islamic country with sharia established is successful😂😂
@ismailjaff
@ismailjaff 4 ай бұрын
​@@Roshan-iw2egbecause the rulers are like you All the rulers of the muslim country arent Muslims The rulers of Saudi Syria Morocco Jordan Egypt are J€VV$
@novell80
@novell80 4 ай бұрын
Ibn Taymiyyah was one of the smartest Universal Scholars in the history, MashaAllah.
@mhmd7
@mhmd7 4 ай бұрын
JazaakAllahu khairan brother Almir, may Allah make the ummah successful in establishing interest-free and a just world economy.
@ahmadmaajid3455
@ahmadmaajid3455 4 ай бұрын
Excellent explanation of such a key principle of Islamic economics. Your work is much appreciated. May the Ummah benefit from your knowledge and good work for a long time to come.
@imamuzzaki
@imamuzzaki 4 ай бұрын
worth my time listening to this muslim, I recommend you subscribe, like, and share and take notes and further research about what is he talking about. It's worth your lifetime.
@mohabatkhanmalak1161
@mohabatkhanmalak1161 4 ай бұрын
Thank you for an eye opening talk on money. Good point of how money, or capital, should be used for the betterment of society, then there is baraka. 🌿
@usaamahkriel380
@usaamahkriel380 4 ай бұрын
Wonderful video. Shukran for sharing your knowledge and may Allah bless you.
@AlmirColan
@AlmirColan 4 ай бұрын
Amin, may Allah help us all.
@shamildkhalid
@shamildkhalid 4 ай бұрын
Thank you! Very valuable info. We, Muslims, gotta return to our religion, i.a. in terms of economy and finance which are very important to all of us.
@zeeshandogar9406
@zeeshandogar9406 4 ай бұрын
Interest creates money that nowadays is not backed by any tangible asset, same as just printing more money notes. This leads to excess money in the sipply chain, hence devaluation and ultimately inflation.
@fare1181
@fare1181 4 ай бұрын
Svaka čast Almire, Allah te nagradio. Nastavi sa širenjem hairli znanja.
@essa200911
@essa200911 4 ай бұрын
May Allah mercy the Soul of Shiekh Al-islam Ibn Tayymeah and Imam ibn Alqayyem and imam Al-Gazali
@pemudahijrah3888
@pemudahijrah3888 4 ай бұрын
rahimahimullah.
@LearnIslam-k8i
@LearnIslam-k8i 4 ай бұрын
Shaykhul Islam Ibn Taymiyah رحمه الله
@Name-jz4fb
@Name-jz4fb 4 ай бұрын
Assalamualkum, can you make a guide on how to invest in a halal way for beginners? With examples in our modern world? BarakAllahufeekum
@MAR-lt7xo
@MAR-lt7xo 4 ай бұрын
One thing I have concluded from this vlog is that money is a medium of exchange, a store of value, and has an intrinsic value equal to its market value. Apparently, there are two famous metals in the world Gold & Silver that provide a medium of exchange, store of value, and have intrinsic value equal to its market value. Inflation is a by-product of using money for making money through government bonds, Paper Currency, Fiat Currency, and Coins (other than Gold and Silver). Concussion; only Silver and Gold fully fit on the definition of money and nothing else.
@imad_uddin
@imad_uddin 4 ай бұрын
JazakAllah for these videos! Subscribed!
@mdrahmathussain3224
@mdrahmathussain3224 4 ай бұрын
May Allah bless you and protect you. ❤❤
@IbrahimBinNazir
@IbrahimBinNazir 4 ай бұрын
Nice content.. Keep it up. And everyone make continuous dua for Palestinians and all muslims.
@thecybersecguy1
@thecybersecguy1 4 ай бұрын
Nice explanation. In sha Allaah we hope for the Islamic rulers to implement it alongside other Shariah principles.
@azizbiloxi
@azizbiloxi 4 ай бұрын
سبحان الله وبحمده سبحان الله العظيم عدد خلقه ورضا نفسه وزنة عرشه ومداد كلماته
@mohamedismail5130
@mohamedismail5130 4 ай бұрын
My grandfather's friend borrowed some money from my grandfather some 30 years ago. And returned the same amount recently since he is going to hajj. My grandfather said him to keep that money with him and asked him why should he return, that's not a problem. What i am thinking is, that money borrowed 30 years before is high value amount. But now it's not that significant due to inflation. In such case is it justifiable to return the same amount lended, because that's a great loss for the person helping.
@DyarSuliman
@DyarSuliman 4 ай бұрын
One solution would be to equate it to the value of gold and pay back in terms of the present value of gold.
@mohamedismail5130
@mohamedismail5130 4 ай бұрын
@@DyarSuliman we could equate with gold. But for that we should make that agreement before borrowing. For example, if i am borrowing 100dollars from you, and made an agreement that i should return the money according to the value of salt. If 100 dollar gives 1000kg salt, then i should return 1000kg salt, or is corresponding money to you. But in my grandfather's case, they didn't make such agreement. Another way will be to calculate the inflation and give the money accordingly, but still i don't know it's Islamic stand.
@DyarSuliman
@DyarSuliman 4 ай бұрын
@@mohamedismail5130 yes brother the contract needs to be made and agreed upon by two parties before any transaction takes place. In this case you would not have any rights to ask the person to do an inflation (gold / commodity) based adjustment to the debt amount.
@saniabubakar9718
@saniabubakar9718 3 ай бұрын
That would be riba. You give gold you take gold. You give money you take money
@qurandaily100
@qurandaily100 4 ай бұрын
MashaAllah. You're the only person in the west I know who is not spewing non-sense about necessity of small amount of ribaa- such a simple concept that many people who do PhDs in Usool ul-fiqh get it wrong. I skimmed some of your bitcoin videos. Quick question about your prospective on it: halal or haram. JazakumuAllah khair wa BarakaAllah feekum.
@AlmirColan
@AlmirColan 4 ай бұрын
See the last video in Bitcoin 101 series
@qurandaily100
@qurandaily100 4 ай бұрын
@AlmirColan I skimmed them. Too long (sorry just very busy right now). Was looking for your conclusion. Haven't seen anything that makes bitcoin haram. And the founding principle in Islamic jurisprudence: all transactions are permissible unless proven otherwise.
@Imaknun
@Imaknun 4 ай бұрын
BarakaLlah feek for the knowledge .I have afew questions though. 1)If the government shouldn't be in the business of making money by making money, how then can a government make money in the current global economy to fund various projects for the benefit of society?2) how can governments then engage with trade with other foreign entities and government ?
@Daniel_DGH
@Daniel_DGH 4 ай бұрын
Thank you for the video, so my understanding is only gold and silver can become money because nobody can print it like paper money, but been listening from Harris Irfan, he confident that crypto currency like bitcoin can do the same thing as gold because nobody can increase or decrease the amount of bitcoin. What is your opinion on bitcoin ?
@AlmirColan
@AlmirColan 4 ай бұрын
@@Daniel_DGH see my playlist Bitcoin 101 where I go into details about positive and negative of it
@mrbannout337
@mrbannout337 4 ай бұрын
Great video as always Please check and summarize Sayid Bakir Al Sader “our economy” it’s an iconic work. amongst other works
@yxs3221
@yxs3221 4 ай бұрын
Shakyh, Thank you for your work. جزاك الله خيراً Humble suggestion, for a dumb person like me please aid your argument with graphics and practical example. I have to listen to you on loop at times to understand. Thank you.
@Syed-m6p
@Syed-m6p 17 күн бұрын
Mashallah very valuable information
@khaledbouzid5578
@khaledbouzid5578 4 ай бұрын
Thank you, So we know the problem but what is the solution?. now money value is decreasing because gouvernments are not following Ibn Tymiyyah recomendation so what should we do in order to keep the value of our money ? Gouvernment is proposing Interest rate deposit but that is Haram ? so what is the Alternative ?
@anjasjk
@anjasjk Ай бұрын
By concept, the Central Banks and Governments have already done that. They control circulating volume to (try) control the value. The result might show the other way but how can we make sure the concept and the execution are still consistant?
@fahimhussain1105
@fahimhussain1105 4 ай бұрын
Excellent video. It explains exactly why Bitcoin is the most halal form of money we have today.
@fiqhonomics
@fiqhonomics 4 ай бұрын
Islamic money is tangible, e.g. gold, silver, wheat, dates, barley.
@saniabubakar9718
@saniabubakar9718 3 ай бұрын
Islam doesn't define money. Money is just exchange. Exchange whatever you want as far as you both agree. If you want my plain paper and i ask you to pay me a Million dollars. If you agree to pay for my worthless paper thats your decision. What islam frowns against is cheating riba or gambling in transaction
@waseemshaikh6726
@waseemshaikh6726 4 ай бұрын
Walekum as salaam, jsza kallah kher brother, islamic teaching has very robust economic systems, but very sadly non of islamic country ruler don't follow this
@abdelkaderchelfi6497
@abdelkaderchelfi6497 4 ай бұрын
Thank you for sharing Brother
@goodyist
@goodyist 4 ай бұрын
Agree but that is the bis ask. As an ordinary person how one should handle inflation. My pay is the same, cost of living has gone up.
@Financial_Revolution
@Financial_Revolution 4 ай бұрын
5:17 bitcoin, read the bitcoin standard and Fiat standard and Principles of economics by Saifedean Ammous.
@ahmeterbay91
@ahmeterbay91 2 ай бұрын
Dear Colan, I have quick question though, it is a fact that live in inflationist environtment where we are not able to control government as person to avoid any inflationist movement issued by government such as quantitative easing. While we doing trade, we are getting highly affected purchasing power of money when we selling goods on due (payments will be made after several months.once trade completed). How we are going to price our goods or how to make offer for same customer once customer ask for price of both cash paid immediately and on due ? while purchasing power of money is not same .
@essa200911
@essa200911 4 ай бұрын
Jazak Allah Khiar ❤️
@basedmuslimbooks
@basedmuslimbooks 4 ай бұрын
Br can you speak on how Islamic finance would solve specifically the Yen carry trade thats currently ongoing
@zeeshandesai8299
@zeeshandesai8299 4 ай бұрын
جزاك الله خيرا
@usaamahkriel380
@usaamahkriel380 4 ай бұрын
First!
@AlmirColan
@AlmirColan 4 ай бұрын
🥇
@user-mp9fv5bf5d
@user-mp9fv5bf5d 4 ай бұрын
😂
@AlmirColan
@AlmirColan 4 ай бұрын
@@user-mp9fv5bf5d we have to give medals for this for sure - for 1st, 2nd and 3rd 😄
@abuferasalalmi6548
@abuferasalalmi6548 4 ай бұрын
Seikh can you mention the ibn taima book
@kotogadang
@kotogadang 4 ай бұрын
Assalamualaikum. One questions about the idea of "just" money production. Production of goods and services will fluctuates from time to time whether through advancement of technologies or some type of catastrophy. Considering that is the case, how can money issuers calculate the amount of money required to be produce? And if it is actually possible what is the fair way of pushing this new money to the market considering first hand money receivers will profit from lower prices that have not been "realized" by the market? Not sure if this has been discussed in previous videos. JazaakAllahu Khairan brother
@AlmirColan
@AlmirColan 4 ай бұрын
Walaykumu salam - that is for sure something to think about when setting up the system - but for a start eliminating desire to profit from creating more money for government gain should solve most of the problems, the rest is then fine tuning if intention is clear.
@AbcXyz-sv6ol
@AbcXyz-sv6ol 4 ай бұрын
Hello I have a question. How the government can spread money into the economy, increase or decrease it's volume ? Rgds
@alami7662
@alami7662 Ай бұрын
Gold is money Money is gold
@MuaathAlkhattab
@MuaathAlkhattab 4 ай бұрын
Jazakallahu khair
@LethalSami
@LethalSami 4 ай бұрын
Boycott all banks engaging in riba/interest.
@iqu3261
@iqu3261 4 ай бұрын
What are your recommendations of investment Shiekh Alami
@IhaseebGhazanfar
@IhaseebGhazanfar 4 ай бұрын
From where i can get pdf of this book
@amnarizwan4108
@amnarizwan4108 4 ай бұрын
Please guide us about cryptocurrency
@AlmirColan
@AlmirColan 4 ай бұрын
@@amnarizwan4108 see playlist Bitcoin 101 for my thoughts about it
@mrpaige9910
@mrpaige9910 4 ай бұрын
Very impressive. Plz add cartoon/Giggs as an example its more easy to understand. In other words. We are save too your face till the video end.
@adnanlimited
@adnanlimited 4 ай бұрын
All currencies are credit except money. You need to protect yourself and your family as things can change over night and that is all I will say here.
@naumanayub1348
@naumanayub1348 4 ай бұрын
Gold is money. Every thing else is credit.
@nailachou1174
@nailachou1174 4 ай бұрын
What do you say about Federal Reserve or Central banks target to keep inflation at 2%
@AlmirColan
@AlmirColan 4 ай бұрын
@@nailachou1174 event the target is designed to normalise removing money from your pocket by at least 2% pa
@nailachou1174
@nailachou1174 4 ай бұрын
In our modern economic system we are told that inflation is bad for the average consumer because they have to spend more to buy something. Inflation is great for investors because it fuels investment prices on their assets. And government wants inflation because it makes the value of the dollar cheaper as interest rates are lower and government can tax their citizens more which in turn helps to inflate away the national debt. What is Islamic economic mechanism of controlling inflation as the conventional system of controlling inflation through raising and lowering interest rates contradicts Islamic principles. Does Islamic economic system advocate 0% inflation and against artificially stimulating the economy through quantitative easing or otherwise.
@rustam_ibn_buhari
@rustam_ibn_buhari 4 ай бұрын
@@nailachou1174 I am not a scholar, but from my economic knowledge I would say that the government must ensure that the quantity equation of money is always respected. This means that if the price level should start to rise due to fluctuating availability of goods, the government would have to increase or reduce the money supply accordingly. This does not require an interest rate system; it can also be achieved with centralized distribution of money and better use of resources within a country in order to avoid shortages. As long as this equation remains untouched within certain limits, there is no need for the state to do anything, let alone to enrich itself at the expense of the citizens, as is the case now. And Allah knows best!
@AhmedHassan-yc5fb
@AhmedHassan-yc5fb 4 ай бұрын
​@@rustam_ibn_buhari Actually, I don't think that Ibn Taymiya's view is that the government should control the value of currency. His view is that the government officials (sultans) should not seek to increase their wealth by minting copper thus creating money and devaluing the people's wealth. Furthermore, if they mint new currency, they should take care not cause currency devaluation. Otherwise, goods and services pricing should not be controlled by the government by currency minting or otherwise. Summarily, creating currency should not affect the market prices.
@mwiederrecht
@mwiederrecht 4 ай бұрын
Why DO governments keep printing money? What are they hoping to achieve?
@Nobody-q2j
@Nobody-q2j 4 ай бұрын
To inflate the dollar and lessen their debt obligations because little by little the dollar will depreciate in value. Basically adding their debt obligations to you by way of taxes. Your rent and food goes up in price, while their debt becomes less and less. Not in number, but inflation amd quantitative easing makes the money worth less. So they are able to leverage more debt and pay it back more easily as time goes on. I know this might sound like Chinese but it’s a nasty thing these people do and many don’t understand it. Especially this man in the video.
@mouzzamahmad2171
@mouzzamahmad2171 4 ай бұрын
Assalamualaikum sir plz make video on how to earn halal money (business model ) ., ? Specially online business . I want to do such business which give peace to my soul and make money too . Plz my brother make video many young Muslim want to start business. Sir I can export kufi ( Islamic cap) from india to any where in the world . But who will buy . Do u know any one who can buy . If u do then I can visit your country. Plz reply Love from India
@AlmirColan
@AlmirColan 4 ай бұрын
Perhaps you could focus on creating high-quality, authentic kufis that reflect Islamic tradition and appeal to a global audience. Give your company and products a strong brand name (others might sugest name in comments) to resonate with customers. Build a clean and modern Shopify store, take professional photos, and actively promote your products on social media. Consider sending samples to influencers or well-known personalities (who wear them) who can help popularise your brand. As more people hear about your kufis and appreciate their quality, your business will insha'Allah grow steadily and successfully.
@samirimamovic6374
@samirimamovic6374 4 ай бұрын
Almir what is your background? you sound bosnian
@AlmirColan
@AlmirColan 4 ай бұрын
Bosnian
@jackdjacki1872
@jackdjacki1872 4 ай бұрын
I don’t know which government you’re talking to, British, USA or Saudi Arabia?
@ariframazan
@ariframazan 4 ай бұрын
Preserve the value but how, with what except interest rate?
@AhmedHassan-yc5fb
@AhmedHassan-yc5fb 4 ай бұрын
Ibn Taymiya's view is that inflation is robbing the people of their wealth. Therefore, there should not be inflation. He stated this because he saw mamluk sultans converting more copper into currency and thus creating more wealth for themselves by increasing the supply of money and thus devaluing the people's money. This is equivalent to the modern day's debt and interest-based control of inflation. The government creates new money by giving loans or taking money by raising interest.
@ariframazan
@ariframazan 4 ай бұрын
@@AhmedHassan-yc5fb I know all you have written. The question is how to print money without interest rate mechanism today.
@AlmirColan
@AlmirColan 4 ай бұрын
@@ariframazan Interest rate mostly relates and links to how you put money into circulation - but there could be many different ways to do it.
@ariframazan
@ariframazan 4 ай бұрын
@@AlmirColan thanks, which way you would suggest?
@AlmirColan
@AlmirColan 4 ай бұрын
@@ariframazan its the topic for another video insha'Allah
@astralclub5964
@astralclub5964 2 ай бұрын
Sharia agrees with the Austrian School of Economics! Gold & Silver coins are MONEY!
@zebalayla2690
@zebalayla2690 4 ай бұрын
Is brother almin salafi?
@mikailx2649
@mikailx2649 4 ай бұрын
Are there Muslim banks who don’t charge interests?
@ely66
@ely66 17 күн бұрын
are you turkish?
@zakyam2598
@zakyam2598 4 ай бұрын
Correction: $85 instead of $75
@muhammadsaadferoz3806
@muhammadsaadferoz3806 4 ай бұрын
they did and doing it and with this money lose its value more and more
@hifzurrabhifzurrab4769
@hifzurrabhifzurrab4769 3 ай бұрын
It is not proper to say that debsement of Naqdain is due to oversupply of these. debasement is reducing quantity of noble metal contained in the coin. that is fraud and crime. ibn Taimia (may Allah reward him ) held that in case of debasement accounting to be on basis of quantity of noble metal. It is also mandated by hadithe Riba as also by other ahadith,
@irfanmohd091
@irfanmohd091 4 ай бұрын
Compared to fiat currency. Bitcoin is way better as its decentralized. So Bitcoin must be halal. Not for investing but used as money
@faisalniazi1899
@faisalniazi1899 4 ай бұрын
❤️
@issaaczala5125
@issaaczala5125 4 ай бұрын
Disappointed....highly disappointed... I wanted to know more about inflation and it's consequences to islamic economic system. Inflation and it's impact on banking interest system is the vital issue for Muslims. Nowadays entire Muslim community is completely confused and disoriented about the definition of Banking interest. Assume that if bank offers 7% interest on saving deposits and inflation rate is also 7% . In this case there is no monetary gain to depositer. This kind of net banking interest is haram or halal ? (Inflation - interest) Is it legal or illegal ? If it is illegal mean the depositer actually loses the value of money, loses the purchasing power. If banking interest is Haram or illegal, then what is the option of Banking system ? Is there any systematic islamic interest free banking system ? What is the structure to operate and sustain without interest income ? With banking system no Muslim can do big businesses and tradings. Muslim intellectuals and Aalims have no practical knowlege of business, industry and economics. Muslim intellectuals and Aalims are more confusing, more complicating and more convoluting the islamic financial and economic system. Simply explaing Quran and Hadith about Haram and Halal, legal and illegal does not solve the existing problems and complexities of Muslims. There has to be sustainable option to survive and thrive.
@RAVPower-
@RAVPower- 4 ай бұрын
Bitcoin is actually the solution against these money printing governments because the supply in circulation is fixed and theoretically cannot be increased. It is out of the control of the government. In my opinion, Bitcoin is one of the best, if not the best "money" from an Islamic perspective because of its unique characteristics. It is at least more Helal than the current inflationary fiat system. Would you agree with me?
@SabeerAbdulla
@SabeerAbdulla 4 ай бұрын
Bitcoin is traded just like fiat money so it's not that the supply will not increase but its value which is supposed to be fixed and reliable unlike fiat money keeps changing as a function of the fiat money used to trade Bitcoin.
@AlmirColan
@AlmirColan 4 ай бұрын
Bitcoin minting would go against the second point made in the video-it should not be a for-profit activity. This is why Bitcoin is not incentivized to be used as a currency today, but rather as a speculative asset that is hoarded.
@RAVPower-
@RAVPower- 4 ай бұрын
@@SabeerAbdulla What you're saying is valid when comparing Bitcoin to the US dollar. But if you look at countries like Argentina or Turkey, where inflation is sometimes 70 or 80 percent, Bitcoin's fluctuations are almost irrelevant in comparison. In those countries, people actually prefer to invest in Bitcoin rather than in their own currency. Moreover, Bitcoin's current fluctuations are mainly due to the fact that it's still relatively new-it has only existed for 14 years. Over time, and as more people invest in Bitcoin, its volatility is likely to decrease.First, Bitcoin needs to overcome the initial hurdle of proving itself as a store of value, and this is happening more and more now. Institutions are investing in Bitcoin for this very reason. Only once Bitcoin establishes itself as a stable store of value will we likely see it used as a medium of exchange, possibly through the Lightning Network.
@RAVPower-
@RAVPower- 4 ай бұрын
@@AlmirColan Thank you very much for your response. Before I begin, I want to emphasize that my intention is purely to gain knowledge and further my education. I believe that Bitcoin is one of the best developments that could have happened from an Islamic perspective. Bitcoin miners perform a crucial task by carrying out the Proof-of-Work process, which ensures the security of the Bitcoin network. This prevents the system from being corrupted and ensures that all participants are treated fairly. This Proof-of-Work principle can be compared to the physical labor that was once necessary to extract gold from mines. Back then, gold miners had to expend enormous amounts of energy and effort, and they took on significant risks, even risking their lives, to obtain the precious metal. As a reward for their high risk, time, and effort, they were compensated with gold. Moreover, through their mining activities, they not only earned gold for themselves but also brought new gold into circulation. Similarly, today’s Bitcoin miners invest significant resources and take on considerable risks, particularly due to the costs of electricity and the high initial investments. Their reward for securing the network and contributing their resources is the Bitcoin they earn through mining. Just like the gold miners of the past, Bitcoin miners not only receive Bitcoin as a reward but also introduce new Bitcoin into the market, gradually increasing the circulating supply. Interestingly, gold's value does not come from its perceived rarity, as is often thought, but rather from the fact that it is extremely difficult and energy-intensive to extract. While the total supply of gold is not precisely known, it is likely much larger than we commonly assume. However, because of the difficulty in extracting it, we can only access it in limited quantities, which is why gold has its high value (and energy).Today, electricity replaces the physical effort of gold miners, as Bitcoin miners use this energy to "mine" Bitcoin. Bitcoin's value also comes from its limited availability and the extensive work required to create it. Gold was considered "hard money" because it was difficult to extract and therefore rare. Bitcoin represents the next level of this hardness, as its maximum supply is fixed at approximately 21 million units, making it even harder than gold, whose total supply, while unknown, is likely much greater than we might think.Currently, however, I do not see Bitcoin as a means of payment, as it is still too early for that. Before something can be used as money, it must first overcome a critical hurdle: the ability to store value (and energy). If money cannot reliably store value, it cannot serve as a stable means of payment. At the moment, we are in the early stages-perhaps just at the starting line-where Bitcoin is increasingly being recognized as a store of value, similar to how gold was recognized throughout history.The high fluctuations in Bitcoin's price are actually a positive sign that Bitcoin is not controlled or manipulated (i.e., no new money is being introduced into the market, which would cause inflation and devalue the currency). Over time, however, Bitcoin will also experience less volatility, similar to gold, once it has established itself as a reliable store of value. That said, I understand that there may be different perspectives on this matter, and I am open to hearing why some might consider Bitcoin to be un-Islamic. I'm genuinely interested in understanding these viewpoints.
@RAVPower-
@RAVPower- 4 ай бұрын
@@AlmirColan I just wanted to ask if the comments I left with you and the previous speaker have been deleted by KZbin or if they need to be approved by you to be visible?
@tamimator
@tamimator 4 ай бұрын
Bitcoin is the new accounting unit of humanity. It’s like the invention of the meter. It’s RIBA free money.
@skoodyjuice
@skoodyjuice 4 ай бұрын
Nope. Bitcon will go to zero. Gold and silver will not.
@haadiP
@haadiP 4 ай бұрын
no it doesnt ahahah, bitcoin is too slow and not private at all. plus its expensive 3 usd transaction fees. imagine buying a $3 cup of coffee and spending $6 just bc of fees. something like kaspa or monero is way better.
@SabeerAbdulla
@SabeerAbdulla 4 ай бұрын
It isn't riba free. Riba isn't based on the type of medium but on the value of the item represented by that medium.
@NateT3
@NateT3 4 ай бұрын
You can arbitrage with bitcoin So, not so fast
@haadiP
@haadiP 4 ай бұрын
@@NateT3 not really, u r competing with bots and taking liquidity into account its very difficult
@mohammedafzalmerchant5414
@mohammedafzalmerchant5414 4 ай бұрын
Ibne taymiyyah was khawarij of his generation.
@akhiahmadxisco1959
@akhiahmadxisco1959 4 ай бұрын
Allahu Mustaan ,under what circumstances we could call him the kawarijj,under mmwhat stance ..afwan how we define khawarij. .the most make doa for him .sadly labeling hatred .the most forgive .
@mohammedafzalmerchant5414
@mohammedafzalmerchant5414 4 ай бұрын
@@akhiahmadxisco1959 Ibne taymiyyah's followers - the Wahhabi are today's Khawarij
@jonascarlsson3
@jonascarlsson3 4 ай бұрын
You've been brainwashed. Read the biography of ibn taymiah
@mohammedafzalmerchant5414
@mohammedafzalmerchant5414 4 ай бұрын
@@jonascarlsson3 Before pointing one finger 👉 towards me, check three fingers pointing towards yourself.
@zakyam2598
@zakyam2598 4 ай бұрын
Seems to me that your mathematical analysis is wrong. Let's say I borrowed 10 Kg of Basmati Rice in July 1, 2023 from you (the price was $70.00 at that day). In August 24,2024 I have money and I want to return the 10 Kg of Basmati Rice back to you (with today price of $85; the price of Rice is increased due to inflation). According to Haditz this is legal (not Riba). Right? However I spend $15 more to meet my obligation to return the rise to you. This mean I borrow $70 and return back to you $75.
@sadekOBE
@sadekOBE 4 ай бұрын
Actually the example you gave is an unacceptable transaction. What should happen in your example, is July 1st you borrow the rice, and you agree with him on the price and date of payment. So let's say you agreed with him that you will pay $75 and you must pay in 6 months. Even if the price of rice increases or decreases, you must pay the agreed amount ($75)
@muneebrao
@muneebrao 4 ай бұрын
​@@sadekOBEno, this is not the case. If he borrowed 1 kg rice, he will have to return the same quality of 1 kg rice no matter what the price is at the time of return
@sadekOBE
@sadekOBE 4 ай бұрын
@muneebrao If he was borrowing you are correct, but if he is buying the rice now from him and delaying payment then that is how it would work.
@paradisechannel806
@paradisechannel806 4 ай бұрын
If you agree with the person to return back the money for the rice than you agree on the period of return and that should be fine regardless of the price of rice. But if you agree to return the rice amount than you bring back the rice on the date agreed.
@gulkizozer8961
@gulkizozer8961 4 ай бұрын
Most of the point of view of Ibni Teymiye was not accepted by Sunni Islam scholarship. I love the "images" but I will not go with that channel. And I do not recommand you to follow any advices without verification. If your are Sunni be far from all people non approved by Sunni scholarship. Knowledge is key, but not everyone can be a teacher right? I come from a country where we have seen many exemples of people using and spreading wrong islamic knowledges. As : Fetullah Gullen, Sozler Kosku... So please be carefull
@faresgunner1884
@faresgunner1884 2 ай бұрын
What are you talking about are you sunni tho ?
@t.4961
@t.4961 4 ай бұрын
Dont listen Ibn Taimiyah, he had dangerus opinion about Aqidah. Imam Gazali is Ahlus Sunnah wal Jamaat.
@bmrigs
@bmrigs 4 ай бұрын
Says the Ahlu Hawaa.
@jonascarlsson3
@jonascarlsson3 4 ай бұрын
😂😂
@WealthyHealthyPro
@WealthyHealthyPro 4 ай бұрын
Bitcoin
@forwardthinking8186
@forwardthinking8186 4 ай бұрын
Bitcoin solves this problem Almir.
@haadiP
@haadiP 4 ай бұрын
no it doesnt ahahah, bitcoin is too slow and not private at all. plus its expensive 3 usd transaction fees. imagine buying a $3 cup of coffee and spending $6 just bc of fees. something like kaspa or monero is way better.
@AlmirColan
@AlmirColan 4 ай бұрын
Unfortunately, it does not solve any problems, which is why it is not used for buying and selling anything (in legal economy) but is purely a speculative hoarding asset.
@hariskk4916
@hariskk4916 4 ай бұрын
Ibn Taymiyyah is not a accepted scholor by ahlusunnah
@flochist4603
@flochist4603 4 ай бұрын
😂
@jonascarlsson3
@jonascarlsson3 4 ай бұрын
Poor brainwashed guy....
@Dan-xb6ui
@Dan-xb6ui 4 ай бұрын
Bitcoin is the answer, it cannot be muted, cannot be inflated, is finite, is scalable for the world. Bitcoin is a new money technology and I strongly believe it is the digital gold the world needs and should be adopted by Muslims
@1aninterpreter1
@1aninterpreter1 4 ай бұрын
Pls keep disseminating islamic financial wisdom
@revolt1947
@revolt1947 4 ай бұрын
Ibn Taymiya is antisemitic 😂😂😂
@jangecekjange3525
@jangecekjange3525 4 ай бұрын
Eselamu alejkum, imas li kanal na Bosanskom jeziku?
@AlmirColan
@AlmirColan 4 ай бұрын
Alejkumu selam, svi linkovi na Bosanskom su ovdje www.almircolanbih.com
@NurSa3id
@NurSa3id 4 ай бұрын
ibn Taymiyyah 🤣the so-called "great" scholar who made a great part of the Ummah unaware of much greater scholars... the so-called "Salaf" who was not among the Salafu'Saleheen, yet following him is following the Sunnah, while following the Salafu'Saleheen is not following the Qur'an and Sunnah according to his super jahil followers... Modern day Khariji's are followers of ibn Taymiyyah, ibn Abdelwahhab and Albani... Following them is following jahileyyah.
@jonascarlsson3
@jonascarlsson3 4 ай бұрын
You poor brainwashed guy...
@jonascarlsson3
@jonascarlsson3 4 ай бұрын
Go read the book Al Ibana by Abu Al-Hasan Al-Ashari
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