Is interest based loan from western banks Halal? | Javed Ahmad Ghamidi

[@atarshah4758]

Mushkil se mushkil baat ko aasani se bataane aur samjhane ka hunar bahut kam logon main hota hai allah aapki umar main barkat ata kare aameen

[@syednasirhussain4398]

Ye galat hai aap cheezon ku mold nai karsakte haram is haram.

[@king_hhh]

​@@syednasirhussain4398 But halal isn't haram

[@syednasirhussain4398]

@@king_hhh giving or taking both are not permitted

[@kstudent6983]

Good scholar who can make haraam halal😂😂

[@schnitzel-de5jy]

How can you buy a house by paying rent? Rented property cannot be owned even if you have lived in that house for 100 years

[@izatali2349]

Salam sir me NY ap ki tamam videos dekhe hn par mera sawal clear nhn ho Raha Sawal ye hy k me Zameen ki khad becta ho udhar pr magar tae shuda raqam par .misal agar ek bag ki current cash price 5000 hy to me us 6 mAh ki udhar py 7000 me bechoo ga kia ye jaiz hy . Plz plz plz jawab dejeye ga 4:34

[@h98_kk76]

Its better to seek answer for this type of questions from people who are actually belonging to the field and study of Islamic economical and banking systems. I respect Ghamidi, but his answer and views on this particular question are very narrow. Points to be noted where given explanantion would not suffice: - Conventional banks (or Banks in General) dont rent out the properties and cars because they dont OWN the properties and cars. - If a property/house/car is owned by someone he/she can receive a rental amount from the one to whom the property/house/car is rented. - In todays age and time, everything is sort of dated and have expiry dates. There are set number of years for Property/House/Building/Car to be serviceable except for land. Note: Im personally not an economist or professional in this field but being a laymen this answer was not sufficient amd these are the doubts I encounter.

[@Number1bhartiy]

Mr. Ghamidi is politely explaining muslim people that one of the major sins in Islam is not a sin when it is used against usable thing not consumable thing, WOW! I'm really very sorry to see that. I heard, some people say he is an Islamic scholar! Save me ya Allah. I am totally blown away! How he can't know that the bank is not the owner of the usable thing that a person wants to purchase but it's a third party who is ready to finance his/her need on an agreement that the bank will pay the original price to the product owner on that person's behalf and as a loan on interest. And that person will repay the lender bank a desired interest over and above the original amount as per the guidelines and interest rate set by the bank. Nonetheless he/she is also liable to pay extra charge upon any missed monthly payments/installments to the bank. And this Mr. Ghamidi says that Quran said it's halal and jayez because you are an interest payer from your halal income and not accepting any interest but fulfilling your worldly need. And I understand that he doesn't know the basic literature of any language, where there is a full stop that means an end to the discussion. And Allah has put an end to all forms of interest in during a financial deal in Quran. My dear muslim brothers and sisters please don't follow such a coward and wickedly I'll person on any of his guidance in the name of Islam because he is an enemy of Islam in his heart.

[@sumramalik9510]

Very well explained. Much appreciated.

[@KashifAli-rq3zp]

if i am paying rent of something, i cannot own it like living in a house, but if i want to own it and forced to pay extra amount as a rent, isn't it the same thing, sometime it feels like we are trying to deceive Allah by changing name of it.

[@Kashif_Ali54]

Bro it's halal extra money

[@siddiqi111]

Ghamdi sahab aagar bank useable chezoon per app ko paisa dey aur default ya late payment per extra charge karay tu kya yeh haram nahi ha ?? Please explain

[@Sid-MMA]

بینک کے لیے حرام ہے ، آپکے لیے نہیں کیونکہ اس کیس میں آپ مظلوم ہونگے ۔

[@samreenkhan9070]

very well explanation

[@tamzidhamim1626]

Prophet (SA) said that even the witnesses of a Riba based loan are as guilty as the lender. Lets use our common sense. If a prostitute wants to sell her body , she could not sell it until someone purchases. Thus it would require a buyer and a seller of a Haram thing for that sin to take place. Money lending is Haram , but the sin to take place there is a need of a borrower who agreed to pay interest. So, paying interest is haaram and prophet Muhammad (SA) clarified it with a sahih hadith. Misguided Javed Ghamidi said that Riba is not taken place if you take money on Riba (!) and spend it on a "usable product" . This is exactly the same concept of Halal Pork. The Riba means paying access of the borrowed money even if $1.00 more. If you agreed to that then you are involved in riba. Riba is all about the terms and condition of the loan contract. Borrowing money is not Haram. But if one pays more then the borrowed money then it is haaram. Misguided Javed Ghamidi is manufacturing his own definition of Riba to comfort secular mindset who long for justification for taking mortgage. Alway remember, terminalogy and contract is extremely important in Islam. A cow if slaughtered in the name of ALLAH(SWT) is halal. But if the same cow is slaughtered in the name of something else it becomes absolutely Haram for Muslims to eat. Same cow , same slaughtering process but just uttering a name , violating a command makes it haaram. Similarly , the concept of Riba is paying access of the loan amount which is prohibited by ALLAH (SWT) which is commanded haarm. In all scenario whether you buy house, food, or car. May ALLAH (SWT) save those who are following this misguided person and May ALLAH (SWT) give Mr Javed Ghamidi hedaya

[@Ayaz_2307]

Beautifully explained!!!

[@iZacq]

So we cannot Finance Cash Investments ?? Or can we ?

[@taimoor722]

Sir jee ager ap loan dai or wo loan say car laylay or phir car ko taxi banay or phir ap taxi chalaya or phir pasay kama kar bank ko loan dai or phir ussay mazees pasa kamay to phir interest dai...to wo zulalm....ap ager bank ap ko car day or kahay car kay pasay alag do jo car ke anmount ha or car use karnay ka karaya do to sir car use karnay kakeya hoti ha ya to dhoka daina hua bank apko car day phir kar ke rakam lay yato theek ha per usper karaya ku or ager karaya late to karay increase or car ke real value say parh kar kafi zada hojati ha its word game vine ki abazamza ke bottal ma dal kar vine halal nahi hoti or nahi milakar bank bay extra to lana ge ha kukay bank loss wala business karta nahi or gain wala bysiness karta ha or usper s3curty bhe lata ha ap cheezo ko total dakha karay sir jereeee

[@Mustafa-AlHusayni]

Exactly! Agar aap car kharid kar uspar munafa kama kar de rahe ho to fir to vicharan jo zaruratmand shakhs loan le raha he usne to Car ke paise bhi dena he or bank ke paise bhi dena he to fir isse to Aap Car ki companies ko aur banks ko Ameer bana rahe ho aur us zaruratmand shakhs se na wajib paise wasool kar rahe ho!

[@fazalurrehmen7165]

Aree bhai ye rent ko beech me kahan se la rahe h?? Rent aur mortgage dono totally different h. Agar mortgage me li hui ghar agar poora paisa nahi de paaye toh paisa bhi dooba aur ghar bhi zabt.

[@abidtufail5293]

Mortgage or anything related to interest according to Quran & Sunnah is HARAM...

[@osamaqureshi1481]

Wrong ...

[@syednasirhussain4398]

Yes this is RIGHT

[@Irfankhan-fe1kl]

Asalamlikum Mera sawal yai hai Mai bank sai loan laikar mashine Lena chahta hu bank masine nahi deta wo Paisa deta hai Kya bank sai Paisa likar mashine Lena sud ki sakal hai Kya?

[@saqibsakhie2384]

Kitni khoobsoorti say haraam ko halal ker diya, Aur jo sawaal pocha gaya uska jawab he nahi diya. Mortgage ko halal ker diya Jis ki base he Riba hay. Mortgage aur qarz May sirf aik farq hay kay Mortgage May condition hoti hay kay is say app nay ghar buy kerna hay.

[@alinawafali6228]

Thumbnail is wrong

[@Emaan_ki_roshni]

Bnak ko Gahreeb public tu Qaraz nhi de skti na...tu wo profit scheeme use kr skte hain..wo b hakomati bank se tu ye theek or jaiz hai kia ?

[@Mustafa-AlHusayni]

If a person wants to start a business and for that he needs a Capital and if he visits Finanacers and ask for money and If that financer provide money and ask that person himself to buy that Material of business and then Ask him to return it a share of fixed profit than is that share is allowed for Financer?

[@Number1bhartiy]

No, it's not allowed until there is such a pre-loan agreement exists. And only if that person becomes your business partner with that lent money of his and doesn't want the money back that he lent to you. And then you both agree on specific amount of share for eachother from the business profit, then of course he can take the variable amount from that business profit as per his share.

[@syednayyar]

in the given example , if the prices of house is 20,000,000 and if seller agrees to divide that whole amount in installments , then it will be not sood , means if at the end of the installment period that buyer is still paying the same amount i.e. 20000000 in installments and not paying any thing more then 20000000 and , paying rent other then this amount .

[@syednayyar]

yes i agreed , but in this case the determination of rent will be based on agreed rate ..

[@ahmedfahad22]

You are fool you should also caluclate interest and the house will become 40 lakhs depending upon the term of 20 years or 25

[@MohammadTariqSheikh]

Only genuine 0% interest based financing can be considered halal. One who takes debt usually does that to buy something a house, a car, a shop or any other asset. Interest based financing where the total price cumulative of all instalments and down payment exceeds the one time price of that same asset is just the other way of taking interest. Only difference is here you don't give cash to the person in hand but buy him that asset/object directly and in return take back total amount plus the interest for the said period. That is the reason when you miss an instalment it compounds. Also that is why the lesser the number of instalments lesser the total interest, more the number of instalments greater the interest. Rent or kiraya doesn't compound like that nor does it vary with fewer or greater the number of instalments.

[@FazzyKVlogs]

So what you want to say?? I don't understand

[@MohammadTariqSheikh]

@@FazzyKVlogs I have written what I want to say.

[@FazzyKVlogs]

@@MohammadTariqSheikh samjh nhi aya

[@saturnringskhan]

Rent is more oppressing in today's time than a bank loan because in one may own some portion of the property after defaulting the loan but a rental property cannot be owned at all. In both cases money paid is almost the same. Don't you find. It's just a thought, what do you think.

[@MohammadTariqSheikh]

@@saturnringskhan Rent can't be considered oppression. If you rent a car for travel you pay for it which is very legitimate. You are using someone's property be it car or house or land etc. It can be a means of their livelihood. Allah has forbidden dealing in interest altogether so as a believer it becomes bound on us.

[@osamaqureshi1481]

Business or suuud ko ap loag milain mat .. yey dono bht alag batain hain .. please

[@TheAnasjamali48]

very well explained.

[@Emaan_ki_roshni]

Bank hamara paisa istemal krtaa hai tu uska kirayaa lena jise hum profit kehtay han wo phor jaiz howaa

[@hafsahwaseem2628]

سمجھ نہی آی۔ تعلیم کے لیے Loan لینا جائز ہے کیا۔ بس مختصرا کوئ اتنا برا دےُ

[@bhataarif3675]

mind blind

[@AsifAltafGanie]

منکر حدیث

[@hanikhan9192]

What a stupid logic the bank didnt give u house on rent ,they gave u money as loan n they want it back from u with interest that 's sood .n it is haram simple as that

[@anissiddiqui9796]

Jo apne nafs ki pairvi karna chahte hai wo asal me is shakhs ko follow karte hai..

[@king_hhh]

Have you ever listened the name of Grand Mufti Muhammad Abduh?

[@abdulquaderkhan]

Bilkul galat bayaani kari gayi hai Sood ki Shakl badal dene se woh halal kabhi nahi hota Yeh bilkul galat baat bata rahe hain

[@mateenahmed13]

Jhoot bolta ha.