Islamic Economic System | Ep:39 | Dr. Mehmood Alam Durrani | Veteran CSS Mentor | WTI Talks

[@osamarizvi7083]

I myself thoroughly enjoyed this enlightening podcast. A topic very close to my heart!

[@Rana-wg1ek]

Yes 😊😊😊

[@dandelion9438]

I could listen to sir mahmood forever. So enlightening and beautiful. Kindly invite him for more topics especially women rights in Islam.

[@Living_Islamically_always]

Absolutely comprehensive and well established podcast. The speaker is extremely collected and enlightened and clear. No ambiguity no extra statements.. precise and well spoken and thought out.

[@messagevibes]

Also do listen Mufti Abdul Khaliq Azad Raipuri on this topic. I hope you will be enlightened.

[@1neminutebonk3rs3]

ahahhhahah he is not enlightened. You are just unaware of the counter arguments and flaws in his take.

[@OsamaKhan-si8hv]

Nice video sir.❤ I am also preparing UPSC in India.UPSC is like CSS in Pakistan. Respect from India.🇮🇳❤🇵🇰 Muslims youth need this types of vedio.

[@MasroorDawar-xx7pi]

I recommend you ep 40

[@MuhammadAnas-no8fc]

Lots of love from Pakistan

[@OsamaKhan-si8hv]

@@MuhammadAnas-no8fc I also love & respect you.

[@waseemahmed4081]

No words are enough to complement this legend teacher❤❤. What a mind-blowing podcast. I wish this podcast would be 2 hours.

[@messagevibes]

Also do listen Mufti Abdul Khaliq Azad Raipuri on this topic. I hope you will be enlightened.

[@azharrehman5016]

ما شا ء اللہ I have listened his entire series of Islamic Studies lectures, Ma sha ALLAH he is a very knowledgeable person, ...and his way of teaching is excellent,...

[@alihaider4012]

MASHAALLAH Thoroughly explained the concept of ISLAM as a DEEN.

[@hinajunejohinajunejo28]

Bht knowldge wala program tha. Please esy or b organize kry taky hmary hukmurano ki ilm mly

[@mnaeem1142]

What a thought provoking podcast! Sir what a way to portray the Islamic Economic system and the concept of welfare state. How delicately Dr sb jotted the points.❤

[@messagevibes]

Also do listen Mufti Abdul Khaliq Azad Raipuri on this topic. I hope you will be enlightened.

[@list10s]

Mashallah kitna zarbardast system hai Islam ka waqayi agar Islamic Economic System implement hojae to hamare kayee problems hal hosakte hain.

[@asdfghj70626]

All Western countries adopt non-Islamic economic systems, yet they are prospering.

[@uzairdurrani3690]

Mashallah Dr Sab from very long ago I listened so many scholars in this regard but can't satisfied my inner self.now after listening this podcast I am clear regarding islamic economic system. Jazakallah khair Dr Sab and usama rizvi

[@muhammadejaz4663]

Amazing.... Bhot he zyda information mile ... Appreciate krny Kylie words nhe hyn ....

[@aspirant9634]

Thank you so much sir. It was an amazing discourse.

[@sardarasifkhosabaloc]

Thought provoking lecture❤

[@muhammadshahzadlatif2347]

my fvrt scholor amazing yaar his lectures realy helped in my css exam in islamyat..

[@Malik.Rizwan55]

JAZAKALLAH very beautifully explained the real Islamic system of economy that is the only way to get rid of today's economical downfall in the society.

[@messagevibes]

Also do listen Mufti Abdul Khaliq Azad Raipuri on this topic. I hope you will be enlightened.

[@pakstudy2175]

ماشاءاللہ کافی بہتر پوڈکاسٹ بنائی ہے بھائی نے مزید آپ کی ویڈیوز اسلامی معشیت پر کے منتظر رہے گے۔

[@messagevibes]

Also do listen Mufti Abdul Khaliq Azad Raipuri on this topic. I hope you will be enlightened.

[@thehammadworkout6796]

Two legends in one frame ❤❤❤. Really really enjoyed it. Thank you for your glitzy podcasts.

[@rehanakhtar4861]

خوبصورت لب ولہجے میں انتہائی خوبصورت گفتگو۔

[@WaleedHasan-ew4sc]

Masha Allah. As a chartered Accountant I know the dark side of the capitalism, which is having very hazardous effects on our society, the secular people are always against Islamic economic system as they are unaware of the benefits and welfare of the people. Islamic Economic system can remove the boundaries between rich and poor due to balanced circulation of the money. We can also modify the Islamic economic system according to the modern problems while avoiding the things which are against the major principles of Islamic teachings.

[@sarfarazsoomro7338]

Best teacher of all times.

[@kanwalijaz9675]

Such a great personality 👍❤️🥰and an amazing teacher ❤️

[@laloabbasi589]

Great personality; Dr Mehmood Alam Durrani.

[@ShahNawaz-720]

Excellent nd understood way of teaching....Just waooo...We want more videos on Islam like way of life in Islam, Morality and politics in Islam with That Guest ❤❤

[@usamahaiderbrohi8971]

MASHA ALLAH ❤

[@raisohaib8206]

Absolutely great

[@sariahusain0622]

Amazing session!!! Jazakallah khair

[@tudio36]

SubhanAllah, speechless at this thought invoking session, please make more podcasts with him❤️

[@sarfarazsoomro7338]

I haven't seen such an outstanding teacher of Islamic Studies.

[@messagevibes]

Also do listen Mufti Abdul Khaliq Azad Raipuri on this topic. I hope you will be enlightened.

[@yousafkhan7786]

I didn't pause even for a second. This podcast kept my interest throughout the while video. Amazing way of explaining ❤❤❤

[@messagevibes]

Also do listen Mufti Abdul Khaliq Azad Raipuri on this topic. I hope you will be enlightened.

[@fashionhut6090]

zabardast

[@ptvsportslive5529]

Best lecture

[@AllahDitta-q7k]

Masha Allah our respected sir❤❤❤

[@jawadhotiana7817]

Huge respect for Dr. Mehmood

[@syedafaryal3883]

Thanks for discussing this topic.

[@Queen-eh5hi]

My favorite teacher.

[@sirfarhanilyas12]

Economic System composed of PRODUCTION, CONSUMPTION, EXCHANGE activities. Wage determination of Labor and Ways of distribution of wealth are the key topics of any economic system.

[@messagevibes]

Also do listen Mufti Abdul Khaliq Azad Raipuri on this topic. I hope you will be enlightened.

[@Haseebasghar3]

Ma Sha Allah A very informative podcast ❤

[@Reviewwithfatima]

one of my favourite teacher. great great teacher

[@baigg786]

Very well explained with simple words thoroughly

[@faizanqureshi3894]

these types of podcasts should be conducted on regualr basis, ie Islamic economy. We as Islamic state are doing so many unislamic things which are considered lawfull.

[@rarodbari8622]

Ma Sha Allah ❤

[@mokarramshaukat4438]

Brilliantly explained 🫡

[@bukhtawerakhter863]

A very beautiful and enlightening session

[@IqraAsghar-h5v]

Important hot topic in these days❤ covered very well 👍

[@learningcorner3956]

You discussed a very significant topic. Really need to understand this.🙏♥️

[@messagevibes]

Also do listen Mufti Abdul Khaliq Azad Raipuri on this topic. I hope you will be enlightened.

[@XY-Lyrics]

Excellent Podcast with a brilliant intellectual.

[@NaveedAijaz]

thank you so much

[@quaidiansspiritualjourney1550]

Thank you Usama Bhai, you gave weight to my words.

[@riazalizardari8093]

Sir I have question, if one lent money and when it returns original amount where as market value got higher or lower and economy sinks or float higher ,then what can be done to compensate that amount? According to Islam

[@muhammadasadullahsaeed9778]

سونے میں اس کی دینے کے وقت کی قیمت لگائی جائے یا مطلوبہ رقم کا سونا ہی ادھار دیا جائے ۔۔۔واپسی کے وقت دیے گئے سونے کے وزن کے برابر سونا واپس لیا جائے گا یا موجودہ وقت کی اس سونے کی قیمت ، اس سے افراط زر کی تلافی یا کمپینسیشن ہو جائے گی ۔۔۔۔ پنجاب و سندھ کے سادہ لوح ان پڑھ دیہاتی اس پر عمل کرتے ہیں ۔

[@WaleedHasan-ew4sc]

What Can Be Done to Compensate for Economic Changes? Agreement on Fair Terms: Before lending, both parties can agree on terms that consider future changes in the economy, such as inflation. This might include adjusting the repayment amount to reflect the real value of the money at the time of repayment. Mutual Consent for Adjustments: If significant market changes occur, the lender and borrower can mutually agree to adjust the repayment terms. This may include paying the equivalent value in terms of goods or services, rather than a fixed monetary amount. Gift or Charity in Case of Loss: If the lender feels that their purchasing power has been reduced due to inflation but does not want to burden the borrower, they may choose to forgive part or all of the loan or consider it a charitable act, especially if it’s an interest-free loan.

[@sardarawais7798]

A very beautiful session

[@jamilkhan715]

درست فرمایا. پاکستان صرف مسلم ریاست ہے اور بس.

[@jangigaming8746]

assalamu alaikum very nice discussion

[@list10s]

Wonderful podcast kudos to Dr Mehmood Alam durrani and host sahab👍👍👍

[@sarfarazsoomro7338]

We love you sir.

[@WaqarAhmed-rl7lt]

It was Really an Enlightening episode thank you ❤

[@SalmanKhan-je4nx]

Mashallah sir g the great 👍

[@saqibali-hx5vd]

Bhut khoob mash Allah! Dr mohammad Allam durrani main ap ke bath se itefaq krta hun aur is main aik addition krna chahta hoon, jese ke sawal tha one percent people dunya ki 80 percent wealth ko own krthe hain, bilkul islam is ki ijazat detha hai keh wo own kre lekin one condition which is to pay zakat (2.5%), is se exchange of money hoga aur is se "amir amirtar aur gharib gharibtar " Wala concept khatam hojaye ga aur gharib taraqi krega, moreover, capitalism ka concept yahan aakr ruk jathi hai aur money ka exchange nahi ho patha hai that's why capitalism ko aik nakaam system keh sakthe hain. Aur zakat system ko capitalism ka solution keh sakthe hai.

[@saqibali-hx5vd]

Aur Haan ! Dosri bath ye keh is zakam system se amir ko koi nuqsaan nahi pohnchega balke wo is buhat faida uthaye ga jesa keh agar ghareeb ke pass money hoga wo tu market main us ko spend kre ga aur market main product tu us amir ka hai, yaani keh purchasing power burh jayegi. At conclude, is nizam se amir aur gharib donon develop honge.

[@sariahusain0622]

We really want more videos like these please

[@UnderReview1]

amazing explanation

[@politicalmarathon1825]

Being Student of Economics.. all seems good.. But one question I've been pondering since along time, is Islamic Fiscal Policy .. Yes some of aspects are clearer, but what Islam says as per Currency Warfare is concerned.. So yes it's a question... What's Islam's stake on Dollar Hegemony & Sino Centric Global Fiscal System

[@sikandarhussain6781]

I think main point is economic activity with lawful manner, Other things will be adopted as per evolution and what is going on now days

[@WaleedHasan-ew4sc]

Islam does not explicitly address Dollar Hegemony or a Sino-Centric Global Fiscal System, as these are modern geopolitical and economic phenomena. However, Islamic principles on economic systems and global justice provide a framework to evaluate such issues. Here's how these systems can be viewed through the lens of Islamic economics: 1. Dollar Hegemony (US Dominance in Global Trade and Finance) Issue of Interest (Riba): The dollar hegemony relies heavily on the global financial system, which is interest-based. Islam strictly prohibits Riba, viewing it as exploitative and unjust, making dollar hegemony inherently problematic from an Islamic perspective. Inequality: Dollar dominance enables the U.S. to exert disproportionate control over global financial markets, often disadvantaging weaker economies. Islam promotes economic justice and fairness, opposing systems that lead to exploitation or widening wealth gaps. Dependence vs. Sovereignty: Islam encourages economic self-reliance and opposes dependence on systems that may undermine the sovereignty of Muslim nations. 2. Sino-Centric Global Fiscal System (China's Growing Influence) Merit of Multipolarity: A shift toward a Sino-centric system could weaken dollar hegemony, introducing a multipolar economic order. While this aligns with Islam's advocacy for balance and justice, the new system must itself uphold ethical principles. Concerns Over Debt-Trap Diplomacy: China's model, including initiatives like the Belt and Road, often involves loans that could burden weaker economies. If these loans involve exploitative practices, they conflict with Islamic values. Trade and Cooperation: Islam supports fair trade and mutual benefit. Any global fiscal system that enhances equitable economic cooperation without exploitation would align with Islamic principles. Islamic Economic Alternatives Islam offers a distinct economic model that can challenge the flaws in both dollar hegemony and potential Sino-centric dominance: Gold and Silver Standard: Islam historically advocates for tangible, intrinsic-value currencies like gold and silver (Dinar and Dirham) to prevent the manipulation of fiat money. Interest-Free Economy: An Islamic financial system eliminates interest, promoting fairness in lending and borrowing. Wealth Redistribution: Through mechanisms like Zakat and the prohibition of hoarding, Islam ensures wealth flows equitably across society. Global Justice: Islamic economics emphasizes fairness and mutual benefit, promoting an economic system that respects the sovereignty of all nations. Islam’s Position Islam would critique both the dollar-dominated system and any alternative fiscal system that perpetuates exploitation, inequality, or injustice. A global system that aligns with Islamic values would need to prioritize: Fair trade. Interest-free financial mechanisms. Equitable resource distribution. Respect for sovereignty and justice. Muslim nations are encouraged to work towards self-reliance and ethical economic practices that reflect Islamic principles, offering a viable alternative to both hegemonic and exploitative systems.

[@quaidiansspiritualjourney1550]

One more request brother! Make a comprehensive podcast on the topic of "Neo-Sufism" with complete historical background.🙏🙏

[@taibaimtiaz1373]

Amazing, i wish there could have been more extensive discusion.we have built our staminas of podcast😂 so its a humble suggestion to cover lenghty discussion as well from such prestegious personalities

[@imtiazhussain1823]

Very important lecture ❤❤❤❤

[@messagevibes]

Also do listen Mufti Abdul Khaliq Azad Raipuri on this topic. I hope you will be enlightened.

[@AsadUllah-is2bf]

Beautifully explained ❤

[@shujaatali4433]

Proud of You Sir G ❤️😘

[@hamzarehman9730]

Sir osama why did you stop review series we are eagerly waiting for next vedio

[@farmanbhittani4423]

16:45 well I would like to disagree with you Sir at this point. At this point depositors act as “Rab-ul-Maal” (investors) and Bank acts as Mudarib (investee). Mudarib is well aware of its profit ratio and hence he can give approx profit ratio even before conducting business.

[@WaleedHasan-ew4sc]

Brother mudarib estimates the profit but he is not 100 sure to get a calculated amount , he can also gets a lost thats why it is halal as risk is involved.

[@tehminagillani8293]

Very well explained..... 👍

[@sarfarazsoomro7338]

Long live Sir!

[@sayediftikhar8785]

Best teacher ❤❤❤

[@alnoor7656]

We need these like videos ❤

[@mtaimurkhan3078]

Sir, if someone wants cash money instead of kinds, then what are the procedures for such a case?

[@abdulwajid9027]

Sir your interview is very good ❤❤❤

[@freshpak8031]

Some questions for the next podcast : 1- Taxation system of Islamic government. 2- Jazya Concept of Islam while Western governments aren't charged any unique tax from Muslims. 3- Zero interest loan concept of Islam, why would one offer a loan without any interest? 4- State's economic resource streams to run a state machinery. 5- The concept of state-owned businesses? 6- Any authentic book to study about the Islamic economic system. Wama Alaina illalbalaa.

[@musicthepeace1304]

My question is in islamic economic system if zakat and charity are main principles , than how 2.5 ratio of.zakat can bring the classes gap to an end?

[@WaleedHasan-ew4sc]

Why 2.5% Zakat Matters in Islam's Economic System Zakat is Part of a Bigger System The 2.5% Zakat is not designed to eliminate class gaps on its own. It’s one component of a larger Islamic economic framework that promotes fairness, justice, and equitable wealth distribution. It works alongside other mechanisms like voluntary charity (Sadaqah), prohibition of exploitative practices (e.g., interest), and state-managed welfare programs. How Zakat Reduces Class Gaps Wealth Redistribution: Zakat is collected only from the wealthy (above a certain threshold, called Nisab) and distributed exclusively to the poor, needy, and vulnerable groups. This ensures resources flow directly to those in need. Preventing Wealth Hoarding: By requiring annual contributions, Zakat keeps wealth in circulation and prevents hoarding, a major cause of inequality in many systems. Zakat’s Multiplier Effect While 2.5% might seem small, when applied consistently across an entire community or economy, it has a cumulative impact. It provides essential support for education, healthcare, and business opportunities, enabling the poor to become self-sufficient over time. Zakat for Economic Growth Government-Led Businesses: The government can invest Zakat funds in starting businesses or funding public projects, generating profits that further fuel welfare initiatives. Job Creation: These businesses and projects can help reduce unemployment by providing job opportunities, empowering individuals, and contributing to overall economic development. Support from Other Principles Charity Beyond Zakat: Islam also encourages voluntary giving and mutual support, which increases the overall impact. State Responsibility: An Islamic government is responsible for managing Zakat funds effectively and using them to fund public welfare projects, ensuring equal opportunities for growth. Focus on Empowerment, Not Dependency Zakat is not just about handing out money. It’s used to empower the poor through skills training, entrepreneurship, and access to resources, helping them rise out of poverty sustainably. Comparison to Modern Systems Unlike many modern systems, where taxes can be burdensome and often fail to address inequality, Zakat is a simple, ethical, and fair approach that ensures wealth benefits society as a whole. Additionally, the ability to invest Zakat funds into government-led businesses introduces a sustainable economic model that benefits both the state and its citizens, fostering growth and reducing dependency.

[@WaleedHasan-ew4sc]

But for the implementation of Islamic economic system in a country like Pakistan, the loans have to be cleared off otherwise, Islamic economics can't work effectively.

[@aimanmirza3059]

Mashallah

[@rizwandanishb-533]

sir se please other programs arrange kre

[@Elhamprokids]

Very knowledgeable n thought provoking conversation.. it much contributed to my little knowledge.. I slam to the guest person... Thanks

[@rizwanfarooq3529]

very nice sir

[@EntrySpot]

Nothing but thank you sir

[@xunixplores5014]

We need more videos like this. In era, where our Islamic values and culture are distorting and west values are coming into play, videos on hot topics (Islamophobia, Radical feminism, Islamic state system) will pave worthy.

[@kalsoomakhtar8684]

I m impressed by you sir❤❤❤❤❤❤

[@messagevibes]

Also do listen Mufti Abdul Khaliq Azad Raipuri on this topic. I hope you will be enlightened.

[@Muhammad-d6w]

Suggest a book to study islamic economic system

[@sayedahtramulhaqshah1173]

Islamic economic by prof Abdul hameed dar

[@AbdulMajeed-tu2ft]

Throughout Islamic history, after the era of Prophet Muhammad (PBUH) and his true Sahabah (RA), there has never been an ideal economic and social system except the Fatimid Caliphate under Imam Mustansir Billah (A.S.) and his successors.

[@MohsinKhan-jy7rv]

next episode please

[@badarzaman-p7e]

ڈاکٹر صاحب کا مزارعت، مشارکت ۔ مزاربت اور کرایا لینے کے بارے میں کیا خیال ہے؟

[@Nosheenbashir786]

How we can contact sir mehmood durani sahib?

[@sirfarhanilyas12]

This discussion is about Business Ethics in Islam.

[@alyyraza6089]

Kamaal ♥️

[@myaqoobtejra1885]

ہمارے ہاں سود کو Define کرنے میں بہت اختلاف پایا جاتا ہے تو اس کو Define بہترین الفاظ نیں کیسے کریں گے؟؟؟

[@muhammadasadullahsaeed9778]

یہ کیا بتائیں گے ، یہ خود ادھار سودے پر زیادہ منافع پر استوار بینکاری کو، جائز قرار دے رہے ہیں ۔۔۔۔ جو کہ علماء میں ایک متنازعہ مسلہ ہے اور اس کے جائز ہونے کی صحیح احادیث سے کوئی مثال نہیں ملتی ۔

[@WaleedHasan-ew4sc]

سود (ربا) وہ اضافی رقم یا مالی منفعت ہے جو کسی قرض یا لین دین کے عوض، بغیر کسی حقیقی محنت، پیداوار، یا خطرے کے، وقت کے گزرنے پر وصول کی جاتی ہے۔ یہ ایک غیر منصفانہ مالی نظام کا حصہ ہے جو قرض دینے والے کو فائدہ پہنچاتا ہے اور قرض لینے والے پر ظلم اور بوجھ ڈال کر اس کی مالی مشکلات کو بڑھاتا ہے۔ سود کا مقصد دولت کی غیر منصفانہ تقسیم اور معاشی استحصال ہے، جو اسلامی تعلیمات میں سختی سے ممنوع ہے۔"

[@myaqoobtejra1885]

@@WaleedHasan-ew4sc تو آپ مکان کے کرایہ پر دے کر معاوزہ لینے کو کیسے دیکھتے ہی؟ This is also a form of lending and asset against money. As money is also a valuable asset. There's no risk in it. No loss. Moreover, it increases annually.

[@irfanasaheen4010]

Plz call him again ❤❤

[@abdulhameedshaheenalvi]

Today 57 independent Muslim states are on the world map; I wish to know in which Muslim country/countries islamic economic/political system is operative?

[@MuhammadKhan-xw2lr]

سر پلیز وضاحت فرمائیں کہ کیا الکاسپ حپیب اللہ مستند حدیث ھے؟

[@muhammadasadullahsaeed9778]

سر کے پاس اتنی فرصت نہیں ہے ۔۔۔۔۔یہ حدیث اور اس مضمون سے ملتی جلتی دیگر احادیث درست ہیں ، حوالہ دیکھ کر لکھ دوں گا ۔۔۔۔ ان شاءاللہ ۔

[@itssabah_]

👏👏

[@abdulghafoorvideos7686]

❤

[@farmansahil8080]

The podcast is somewhat informative; it is nice to watch a discussion over such a topic. however, the guest failed to address the principles of the Islamic economic system and was unable to differentiate between various economic systems. Additionally, he misled the audience on several points such as Islamic banking etc.

[@wafamir2010]

So basically Islam lays down ethical and moral principals for economics and business but there was no explanation of any system of economics in this talk. I presume people must then create a system? As long as one abides by halal and haram one may choose any economic system.

[@althea_is_smokin_hot]

Sirs,a question to both podcasters. Do you gentlemen have bank accounts and credit cards ?

[@K_Ahmad0101]

❤❤❤

[@K_Ahmad0101]

Love hain yeh Ustad❤