Library Chat #23: What Every Muslim Needs to Know About Ribā | Shaykh Dr. Yasir Qadhi & Dr. Fadel

Riba is something that is so easy to get into nowadays. Whether you are purchasing a car, a home, or even appliances, Riba is always an option. In this Library Chat, Shaykh Dr. Yasir Qadhi talks about exactly what every single Muslim needs to know before getting into Riba, accompanied by a special guest, Dr. Fadel.
#Islam #YasirQadhi #Riba
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Outro Nasheed
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Produced by: MAQAMAT INSTITUTION
Copyright reserved and reproduced exclusively with permission for Yasir Qadhi's Official KZbin Channel.
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[@saimakhan2757]

My Dad kept searching for such a detailed discussion all his life, until he passed away few months ago..... How i wish i could share it with him now... Thanks for this beautiful video...

[@sincostanian]

May Allah SWT have mercy on him

[@mohammadabdullah556]

RahmahuAllah Ta'ala

[@ayaztariq]

It is better t

[@vlogs_hai]

👆🏽👆🏽👆🏽 assalam walekum all problems solution Whtsap now Rapta kre maulana ji se..

[@hamzatniyi3541]

May Allah have mercy his soul and forgive his sins. But isn’t this fatwa shopping?

[@gowharbhat9121]

This library chat is an unexpected gift from Sheikh Yasir. Listening to it at midnight from Kashmir

[@imranmir1]

السلام عليكم Salaam from a Kashmiri living in London

[@zakariab9591]

May Allah bless the people of Kashmir and protect them wrong the oppressors. Love from Europe, the Netherlands

[@sikul3237]

Stay safe brother

[@vlogs_hai]

👆🏽👆🏽👆🏽 assalam walekum all problems solution Whtsap now Rapta kre maulana ji se.

[@truthseekerBVC]

Shahoo Shachan Kulgam

[@ismailsarchives7477]

The opposite of riba is sadaqa, in case anybody missed it. May Allah make us of those who freely give in sadaqa, and may Allah use us to manifest his generosity.

[@vlogs_hai]

👆🏽👆🏽👆🏽 assalam walekum all problems solution Whtsap now Rapta kre maulana ji se..

[@genuineidea6043]

Dr yasir Qadhi always takes a very balanced and logical approach in all matters. Always waiting for his lectures.

[@vlogs_hai]

👆🏽👆🏽👆🏽 assalam walekum all problems solution Whtsap now Rapta kre maulana ji se...

[@aminah761]

May Allah forgive us and have mercy on our souls 😢😢😢😢😢😢😢😢😢

[@vlogs_hai]

👆🏽👆🏽👆🏽 assalam walekum all problems solution Whtsap now Rapta kre maulana ji se.

[@enigmawz]

Finally scholar came in front to accept that all fiqh scholars have confused all Muslims into vague conceptualization. Muslim scholars have not actualized and have created a lot more confusion.

[@omegared10]

As someone who has spent 15+ years in Islamic finance I really appreciated and enjoyed this session. The level of sophistication and contextualization is unmatched compared to many other discussions. But I think categorizing the work of islamic banks to be bai ina is not fair. It is well known that the malikis are more strict on these issues than the other madhabs. I think it would have been useful to explain that the opinion quoted regarding the description of bai ina prohibited by the malikis is not reflective of the majority of the other madhabs. and Allah knows best. I look forward to more videos with Dr. Fadel. jazakum Allahu khair.

[@vlogs_hai]

👆🏽👆🏽👆🏽 assalam walekum all problems solution Whtsap now Rapta kre maulana ji se..

[@hishamosman4341]

If the World Bank and IMF go about without Riba, both will close shop for sure....😀😀😀

[@roberthannah7983]

@@hishamosman4341 They are giving debt relief now. See the IMF HIPC programme: The IMF and World Bank launched the Heavily Indebted Poor Countries (HIPC) Initiative in 1996 to ensure that no poor country faces an unmanageable debt burden. In 2005, to accelerate progress toward the United Nations’ Sustainable Development Goals, the HIPC Initiative was supplemented by the Multilateral Debt Relief Initiative. This allows countries completing the HIPC Initiative process to receive 100 percent relief on eligible debts by the IMF, the World Bank, and the African Development Fund. In 2007, the Inter-American Development Bank provided additional (“beyond HIPC”) debt relief to the five HIPCs in the Western Hemisphere.

[@haawed]

Maashallah excellent presentation- may AllAh swt reward you

[@badalrana10]

Allahhummabarik that kurta looking fresh

[@vlogs_hai]

👆🏽👆🏽👆🏽 assalam walekum all problems solution Whtsap now Rapta kre maulana ji se.

[@youtube_omaro1879]

Bingo! I've been searching for this answer - no, question - for years! I kept listening to respected and educated scholars talk about Riba and being left with the impression that they really didn't even understand the basic question: what is Riba. Any discussion has to start with a thorough understanding of 7th century economics. When you started this talk with these exact questions it was like a dream come true.

[@mohdazminishak6387]

Context have to considered regarding fiqh on mualamat. That is the key message.

[@user-ir5jq1yk4w]

JazakAllah

[@nurullahyetkin9431]

Jazakhallah khair

[@olzhasa5992]

Ma sha Allah what a beautiful and very important topic for today. May Allah bless you dear brothers Yasir and Muhammad. Assalamu aleikum from Qazaqstan 🇰🇿

[@am-dv3ks]

Loving the breakdown

[@vlogs_hai]

👆🏽👆🏽👆🏽 assalam walekum all problems solution Whtsap now Rapta kre maulana ji se..

[@akhlakurrahmansadat5636]

I love him very much.Alhamdulillah .

[@lessonsandreflectionsfroma2747]

Incredibly helpful perspective and review with Maliki notes. Hard to say anything here was controversial except for the critique of Islamic banks. I'll look forward to future talks with Dr Fadel.

[@mohammednawaz2275]

The argument of different categories is compelling and I was not aware that some were allowed. I also liked the explanation of WAR as this is something that I had wondered about over the years. Also, we as Muslims do need to be involved in ethical banking as I am sure by Allah's blessings we would influence a much more just society.

[@vlogs_hai]

👆🏽👆🏽👆🏽 assalam walekum all problems solution Whtsap now Rapta kre maulana ji se..

[@Borjigin.]

Ma sha Allah sheikh, this has been FANTASTIC and has brought much sanity to the classical and medieval perspectives I've only been exposed to until now, which really do not make any sense in modern economics unless the entire ummah is supposed to live as pre-industrial hermits. Would love to have you speak with Dr. Fadel more! Perhaps we can get him an AM class .....

[@roberthannah7983]

In spite of this common sense view, you still have the majority of scholars asserting that all modern interest=the prohibited riba. Note how careful Qadhi and Dr Fadel were to tiptoe around the issue of directly contradicting this majority view.

[@packfano5]

Jazakallahukhair Shaikh. these Library chats have been very beneficial for me.

[@vlogs_hai]

👆🏽👆🏽👆🏽 assalam walekum all problems solution Whtsap now Rapta kre maulana ji se...

[@ProteinShaykh]

Excellent library chat - we need this expounded either with more depth (maybe some deeper case analysis) or other guests inshAllah!

[@vlogs_hai]

👆🏽👆🏽👆🏽 assalam walekum all problems solution Whtsap now Rapta kre maulana ji se..

[@amrthehammer]

May Allah reward you Shaykh Yasir Qadhi and Dr. Fadel. We need more of these discussions and lectures. In addition to matters of our faith and spirituality, we also need guidance on how to navigate the tangible, day to day matters, especially for those of us born and raised in Europe and America.

[@ShamsulAlam-hs8hk]

SubhanAllah such a beautiful scholarly discussion. My eyes get wet 😢 few times just because how Allah Rabbul Alamin blessed us and made our lives easy with our fellow humans. And I fully agree with both of them. Such an amazing discussion.

[@fauzimukhtar8892]

mashaAllah tabarakallah

[@vlogs_hai]

👆🏽👆🏽👆🏽 assalam walekum all problems solution Whtsap now Rapta kre maulana ji se...

[@nihilisticpoet]

Subhanallah, the reason I am subscribed to this channel and listen to this sheikh adamantly is because he PRECISELY touches on concepts and issues of the modern Muslim in a practical way. Thank you for this insightful lecture!

[@vlogs_hai]

👆🏽👆🏽👆🏽 assalam walekum all problems solution Whtsap now Rapta kre maulana ji se..

[@peacenow6618]

جزاک اللہ خیرا

[@vlogs_hai]

👆🏽👆🏽👆🏽 assalam walekum all problems solution Whtsap now Rapta kre maulana ji se...

[@yazenbuklau]

Aahh been waiting for such a library chat! Grad student in economics here. Hope to dig into this topic

[@vlogs_hai]

👆🏽👆🏽👆🏽 assalam walekum all problems solution Whtsap now Rapta kre maulana ji se...

[@fightforlife4661]

Very thorough explanation and an important distinction between Quranic Riba and Sunnah Riba.

[@vlogs_hai]

👆🏽👆🏽👆🏽 assalam walekum all problems solution Whtsap now Rapta kre maulana ji se.

[@ariyoabiona1606]

This is mind opening. May Allah protect and bless our ulama. Ameen

[@vlogs_hai]

👆🏽👆🏽👆🏽 assalam walekum all problems solution Whtsap now Rapta kre maulana ji se..

[@yusufiberlin]

This is such an important and relevant topic for our times. I’m so sad that there is a language barrier for so many friends and family that need to hear this. They only speak German or Arabic so I would really appreciate it if we could translate this to languages spoken in the European region!

[@djprohibit]

Thank you Shaikh for providing this information it is very difficult in this day and age to hide completely from Riba

[@vlogs_hai]

👆🏽👆🏽👆🏽 assalam walekum all problems solution Whtsap now Rapta kre maulana ji se.

[@saimakhan2757]

Agree

[@SSJwalker]

Amazing talk. I hope there's a part 2. I hope there's a future discussion on fiat currency

[@vlogs_hai]

👆🏽👆🏽👆🏽 assalam walekum all problems solution Whtsap now Rapta kre maulana ji se..

[@MK-fb1ru]

Masha'Allah, you looking good sheikh, love the kameez

[@vlogs_hai]

👆🏽👆🏽👆🏽 assalam walekum all problems solution Whtsap now Rapta kre maulana ji se..

[@kedirmohammed1391]

Very beneficial lecture/discussion

[@vlogs_hai]

👆🏽👆🏽👆🏽 assalam walekum all problems solution Whtsap now Rapta kre maulana ji se..

[@bahakdean]

Listening from Malaysia 🇲🇾

[@vlogs_hai]

👆🏽👆🏽👆🏽 assalam walekum all problems solution Whtsap now Rapta kre maulana ji se..

[@QuranWorldYT]

Allah ❤

[@vlogs_hai]

👆🏽👆🏽👆🏽 assalam walekum all problems solution Whtsap now Rapta kre maulana ji se.

[@whathappenedman]

Please do a part two address more practical issues now that we have background. Would love to hear about taking loans today for commercial purposes and also insurance but in light of fractional reserve, fiat, trading debts of derivatives …. Forex and such

[@aabirsabeel]

السلام عليكم ورحمة الله Thank you brother Yasir for this discussion. It would be much more beneficial to your watchers to add time stamps in the long videos like this بارك الله فيك و جزاك الله خيرا

[@nexuser6886]

Interesting, jzk

[@aabirsabeel]

We need Muslim specialist in finance and many other fields of study. May Allah unite the ummah

[@RajaAzmanRajaAwang]

beautiful

[@vlogs_hai]

👆🏽👆🏽👆🏽 assalam walekum all problems solution Whtsap now Rapta kre maulana ji se...

[@RBLXPro_YT]

Excellent librar chat as usual..Jazak Allah Dr.Fadel for this detailed explanation. Makes a lot of sense and give us hope as Muslims living in America that if we strive to find pathways that lead us closer to Allah swt we will be able to achieve them with contemplation inshAllah

[@vlogs_hai]

👆🏽👆🏽👆🏽 assalam walekum all problems solution Whtsap now Rapta kre maulana ji se...

[@sunnymullick]

What short of hope? You mean this view some what do away with feelings of guilt as most us have to use banking which has interest inherent to it, or loans for buying house interest in it or insurance of one kind or another. It yes please keep the feeling or guilt intact. This better for attaining forgiveness, rather than rationalising and stop feeling guilt. Even Companion were at times insecure and pondered wheather they have become munafiq and. This keeps chcek and balance in place. And Allah tell us not come close to Allah's boundary (not saying cross it sayd don't even come close). We can save our selves from riba but can't save ourselves from the fumes of it as Prophet SWS mentioned. Just a passing thought. Not an argument not qualified to argue.

[@abdullahalmasum1133]

you are a gift of our ummah.

[@vlogs_hai]

👆🏽👆🏽👆🏽 assalam walekum all problems solution Whtsap now Rapta kre maulana ji se.

[@InspiredStrangers]

Insightful discussion this. Jazakumullah khair

[@jadoonsfamily79]

Appreciate it . Please do a part 2 about credit cards , car loans , student loans and mortgage, basically economic life of an average Muslim in the west . Thanks

[@vlogs_hai]

👆🏽👆🏽👆🏽 assalam walekum all problems solution Whtsap now Rapta kre maulana ji se...

[@muhubobulhan6318]

The first thing he talked about the end of Baqara is what I understood our credit cards are full of riba. Why it says to agreement that if you don’t pay what u owe u will be paying 19% plus minimum payment for what u owe to keep u out of bad credit. Omg 😳

[@peacenow6618]

May Allah Accept your works, and make it a means of acceptance and Guidance for the Ummah!

[@vlogs_hai]

👆🏽👆🏽👆🏽 assalam walekum all problems solution Whtsap now Rapta kre maulana ji se...

[@24xv555]

❤️❤️❤️

[@vlogs_hai]

👆🏽👆🏽👆🏽 assalam walekum all problems solution Whtsap now Rapta kre maulana ji se...

[@aliwaqar6004]

Wa alaykumassalam wa rahmatullahi wa barakatuh

[@vlogs_hai]

👆🏽👆🏽👆🏽 assalam walekum all problems solution Whtsap now Rapta kre maulana ji se.

[@benzapp1]

This is very long and technical but very good.

[@mickeymurff4882]

Great topic Yasir living in America it’s very hard to live without credit or a mortgage

[@aminah761]

Yes

[@vlogs_hai]

👆🏽👆🏽👆🏽 assalam walekum all problems solution Whtsap now Rapta kre maulana ji se.

[@TheTruthSeekerMe]

Not true especially when it comes to mortgage. You can always rent. Instead of looking for reformists who'll say what you want to hear, how about you live within your means?

[@teafortahir]

Traditional Indian Schools have promoted Qardh Hasanah for Haajah. We must encourage it in the modern era too.

[@vlogs_hai]

👆🏽👆🏽👆🏽 assalam walekum all problems solution Whtsap now Rapta kre maulana ji se..

[@AnimatedQuran]

it would be nice to have the lecture split up by topic like other youtube videos inshAllah

[@christinajurzis5718]

💕💕🙏

[@vlogs_hai]

👆🏽👆🏽👆🏽 assalam walekum all problems solution Whtsap now Rapta kre maulana ji se..

[@littlecouchpotato]

I think the question that arises now is does the benefit outweigh the interest? The current housing market is benefitting the banks more so than the average person. Everything is so expensive and your are stuck paying this debt for many years on top of worrying about utilities, food etc. I don't think it comes from a charitable position but of course I believe the western banking system was designed this way on purpose to keep the average man forever in a cycle of debt. Add taxes on top of that and it places even more stress on people. Thank you for the video lecture, it was very insightful! Looking forward to more chats on the subject.

[@vlogs_hai]

👆🏽👆🏽👆🏽 assalam walekum all problems solution Whtsap now Rapta kre maulana ji se..

[@sikandersiddick6678]

The Islamic mortgage that you get (at least in the UK) are even more so expensive than conventional mortgage.

[@naughtybynature999]

JZK for this, but I'm still lobbying for a tafweedh library chat in continuance with previous library chats documenting development of aqeeda in Islamic history.

[@vlogs_hai]

👆🏽👆🏽👆🏽 assalam walekum all problems solution Whtsap now Rapta kre maulana ji se..

[@roberthannah7983]

As a finance guy, after reading up on Islamic finance, I have always thought Dr. Fadel's point of view here makes sense. Riba was the exploitation of poor debtors who had their unpaid debt increased (redoubled) by greedy moneylenders. Riba is like loan sharking and predatory lending today. Reasonable modern bank interest is not riba. Community banks and credit unions are a good idea, but not for every situation.

[@aali87]

Fazlur Rahman wrote a paper called 'Riba and Interest' which is very much similar in its discussion. The key being the Quranic riba is Usury; which isn't the same as simple generic interest.

[@roberthannah7983]

Yes I have read this paper and his work, one of the scholars who need more recognition. I think Dr Fadel studied at the University of Chicago probably under Dr. Rahman.

[@lilyarman]

Research requires lots of hard work. I appreciate this guy for his contribution to knowledge. Some people may disregard your research. This is because they don't know what constitutes research. Imam Gazzali was declared as kuffar in his era.

[@vlogs_hai]

👆🏽👆🏽👆🏽 assalam walekum all problems solution Whtsap now Rapta kre maulana ji se..

[@bobsiddiqui]

For home sales, my take is to do Simple Interest Loans, to be paid over time, and not compounded daily. With no penalties for late payments. 200k home would cost half what Western Banks and Islamic Banks charge today and be halal.

[@Babdelwahed]

Please doa follow up QnA session where you eitherask questions from the audience or cross-examine Dr Fadl yourself.

[@dgmbroadband2403]

i made the 23rd comment on 23rd library chat

[@vlogs_hai]

👆🏽👆🏽👆🏽 assalam walekum all problems solution Whtsap now Rapta kre maulana ji se..

[@seekerofknowledge2677]

Sheikh. Next library chat can you do your library tour ?

[@muhammedsonko2936]

As an Islamic finance student and practitioner, I must admit that the presentation is very insightful. How can we get the slides?

[@lbcck2527]

It would been nice if the discussion is done in context. Specifically the context of sub-prime crisis of 2007~2009, where debt (loans) are given to people who cannot possibly pay back. Plus the treating of debt as "mal" or asset (or property) that has value and is traded i.e. we sell the debt (or loans) to "investors." Here the debtor no longer owe us money but to the "investors" instead. I plus many Muslims work in banks that are directly & indirectly involved in these transactions. There is more to what I mentioned here. More importantly how do all of us stand with these kind of transactions.

[@vlogs_hai]

👆🏽👆🏽👆🏽 assalam walekum all problems solution Whtsap now Rapta kre maulana ji se...

[@dogbiteinjurylawyer]

This library chat is a best-suited platform for talks of this nature, which is long overdue. Allah wants our nuro transmitters to keep firing - to understand and apply the Quran.....if not now, then when? More on this topic warranted from humble thinkers of the Quran. Another unrelated but likewise awkward but badly needed topic for us Muslins is Theory of Evolution. Defying all myth of the ulamas, the more I study it, the stronger my Iman gets, and critical becomes those nuro transmitters - it is the paradigm, with which you look at things that count at the end. Time for burying our heads in the sand like an ostrich, which we were trained to do by the way, is up for the ummah in general, inshaAllah.

[@vlogs_hai]

👆🏽👆🏽👆🏽 assalam walekum all problems solution Whtsap now Rapta kre maulana ji se...

[@barakatbarakat650]

To get a balanced perspective it would be great to invite a scholar with an equally strong background and more traditional views.

[@krkrkr4655]

This was very informative! What still confuses me is wether statutory interest for delay are Riba. German law for example gives the creditor a default interest in case of delay. It's applicable to any kind of contract. I looked up the ratio of that law and it has two reasons: 1. It's a minimum compensation for damages caused by delay, especially for loss of profit (although this isn't the main reason) and 2. It's part of a EU program to combat delay. How would that statutory default interest of delay be seen?

[@ismailsarchives7477]

That is the essence of riba al jahiliyya (Quranic riba). You are CHARGED AN AMOUNT OF MONEY FOR THE TIME EXTENSION in repayment of a debt. Time belongs to Allah, nobody has the right to put a price tag on it. If they want to combat delay, I think they should incentivize timely fulfillment, instead of being punitive for all delays, and if they do wish to punish all delays, they should realize that they need to stop playing God and be humble instead.

[@mohamedfredj4998]

Amazing lecture by Dr. Fadel, I would like to know if he consider the bank notes as a real substitute for the gold and silver (after 1971), this question is very important because if it's not the case, then it's not concerned by the prohibition of riba in the sales according to the shafi3i school and that's the opinion of Dr. Ali Jum3ah and Dr. Ussama from Al-Azhar. Just one correction, Dr. Yasir Qadhi said in the end that Dr. Al-Qardhawi say the same thing, actually no, Dr. Al-Qardhawi still consider the bank transaction to be a loan from a islamic juridic point of view, and Dr. Fadel understood that it's not a real loan (qardh) with the bank even if they call it like this but a sale (bay3).

[@vlogs_hai]

👆🏽👆🏽👆🏽 assalam walekum all problems solution Whtsap now Rapta kre maulana ji se...

[@mohamedaminchairi]

regarding the withdrawing of money on any ATM, not sure how it's in the US, but in europe there is a bank-fee that you pay per quarter for having an account and for those services

[@vlogs_hai]

👆🏽👆🏽👆🏽 assalam walekum all problems solution Whtsap now Rapta kre maulana ji se..

[@dewanzulkarnain]

Missing the library chat

[@vlogs_hai]

👆🏽👆🏽👆🏽 assalam walekum all problems solution Whtsap now Rapta kre maulana ji se..

[@youssifgamalkamilabdulsala8909]

Assalamu aleikum. Is it possible to get access to the presentation by Professor Fadl? Would be very useful to look up some of the notions explained.

[@ausmuslimproject]

The question is, and im not implying this at all, that many people become misguided through the interpretations they employ to legalise what was originally forbidden. How do we know that such isn't the case here?

[@exclusiveylurz1]

Thank you for such a detailed discourse on this complicated topic. JazakAllah. Honestly, the explanation was way too complicated. Rarely, any examples from todays time were quoted :( It just got all complicated and mixed altogether. Perhaps a FAQ after this could be helpful. After watching this entire video I am still not sure if Mortgage is halal or if I can buy a home appliance on installments that comes with interest of some percentage.

[@vlogs_hai]

👆🏽👆🏽👆🏽 assalam walekum all problems solution Whtsap now Rapta kre maulana ji se..

[@TalhaWaqar-kal]

riba-free banking professional here. a home mortgage is not halal, since it involves the bank lending you money for purchasing the home and you paying back the bank the principal and the excess, which is riba, over time. we have alternatives in eastern economies, including the middle-east, malaysia and pakistan; the same alternatives are also being taken up in countries which want to position themselves as hubs of islamic finance, such as the UK. buying something on installments is okay provided certain conditions are met. one of the core conditions is that the seller not withhold ownership transfer of the sold commodity until all installments are paid. a sale involves the instant transfer of ownership, and associated liabilities and rights, of the sold good; anything that negates the instant transfer invalidates the sale. it is a misnomer that increasing the price of a good sold on a deferred sale is a form of riba/interest. there are ulema on both sides of the divide on this, but the majority hold that a seller may increase the price of a good sold, in return for offering a deferred facility to their customer. I could elaborate further on this but I hope this much helps.

[@Warrior3I3]

@@TalhaWaqar-kal so it is not possible to buy a house in North America on a mortgage

[@TalhaWaqar-kal]

@@Warrior3I3 there are no Shariah-compliant mortgage products in NA, so prima facie, no. However, I will consult a scholar on whether in the face of a lack of Islamic alternatives, resorting to a riba-based mortgage is permissible, considering the existential need for housing. will update inshaAllah.

[@Warrior3I3]

@@TalhaWaqar-kal InshaAllah thank you

[@azmd888]

With regard to the hadith on the spot exchange (yada bi yada, kali bi kali) at 48:00, imo it requires further discussion. Because it implies that you are not allowed to delay your payment or delay delivery of goods. This is contradicting with the permissibility of credit sales, isn't it? It's hard to connect the works of medieval scholars with the modern financial system; hence, more critical minds are required in the industry.

[@vlogs_hai]

👆🏽👆🏽👆🏽 assalam walekum all problems solution Whtsap now Rapta kre maulana ji se..

[@yousefmohammed2529]

in 47:13 in regards to Da' wa ta'jjal, He mentions $1000, and buying it down to $800 for an earlier payment. My question is was the $1000 the original amount of the loan, or is that including the interest as a profit. So my question is based on Three scenarios: 1. I loan my brother $1000, and I ask him to pay back $1000 in a month. He comes two weeks later and asks, would you take $800 now? 2. I loan my brother $800, and I tell him pay me back $1000 in a month. He comes two weeks later and asks, would you take $800 now? 3. I loan my brother $600, and i tell him pay me back $1000 in a month. He comes two weeks later and asks, would you take $800 now? And do any of these make a difference in the qa'idah/principle?

[@ismailsarchives7477]

I have three questions: 1) What happens to a qard when it becomes for-profit? Does it become haram? If it becomes haram, on what basis? Does it become riba? When does it become riba? Does it become the riba of the Quran or the secondary riba? 2) You mentioned the analogy of interest-loans to riba-nasia that people make and you rightly showed the weakness of that position. Why did you not make an analogy of interest-loans to ribal jahiliyya? Would you agree that some interest-loans fall under ribal jahiliyya? 3) What do you think is the boundary that prevents interest-loans from falling into ribal jahiliyya? I have a solution in mind which is that the interest (not the interest rate) should be a constant or must have an upper limit, in addition to there being no late fees. Do you have a different solution in mind that is scripturally justifiable?

[@yousefmohammed2529]

Also another question for Dr. Fadel, would this extend to bonds and checking accounts?

[@fightforlife4661]

Shaikh Yasser, is there a way to approach brother Mohammed Fadel for a question. In modern day context how would he compare a career in equities vs in lending side of business. One may argue the way equities business works, it asks for higher benefits from "borrower" vs loans and hence could be considered as Riba in wider sense of the concept.

[@vlogs_hai]

👆🏽👆🏽👆🏽 assalam walekum all problems solution Whtsap now Rapta kre maulana ji se...

[@nstar777]

Brother Qadhi said at the start it is just a discussion and not a fatwa. He is not asking for any endorsements to his point of view. So please be civil and courteious and give counter arguments without being rude. Thanks. Saying Malik or Saying Baqrah does not show his disrespect ....just saving time and his style of speech.

[@vlogs_hai]

👆🏽👆🏽👆🏽 assalam walekum all problems solution Whtsap now Rapta kre maulana ji se.

[@faridojebril7396]

So is buying home in America halal or haram with the Islamic housing system or regular banks? I feel like this part wasn’t clear. I can’t answer to this question or ruling.

[@badalrana10]

I guess the next question is What constitutes a hajjah? For example, a loan that cost 1500 a month for a house vs a 1500 for a apartment?

[@vlogs_hai]

👆🏽👆🏽👆🏽 assalam walekum all problems solution Whtsap now Rapta kre maulana ji se..

[@abuesaa.k.6539]

Salaam, at the end shaykh Yasir said that in previous talks he has endorsed mortgages if there is a need. Can anyone provide the link to the talk where he says mortgages are allowed? JazakAllah khair Also, I’m curious about savings accounts which provide dividends (basically the bank pays you ). Has anyone read /watched anything regarding this?

[@shaguftakhatri5707]

Brother, hope this one is helpful: kzbin.info/www/bejne/omTTo3Roq8epm6c

[@user-wb7bk2qg6b]

So what I understand here is if you buy a home on mortgage means you get something valuable in return of the money from the bank. Later on there is chance to can sell it on a better price make profit. In case you get stuck and can’t pay you can go and do the bankruptcy. In this case you are loosing anything neither the bank as it get the house back. Please can you elaborate it.

[@mohammedkhalifeh7833]

It was really interesting but im still not sure if I got everything right. In conclusion, for muslims living abroad can take a bank loan for housing ?

[@fahadalam8322]

Guys mufti Abu Layth said this year's and years ago ..not sure why everyone is so backwards..mufti should have 1 million subscribers by now

[@vlogs_hai]

👆🏽👆🏽👆🏽 assalam walekum all problems solution Whtsap now Rapta kre maulana ji se...

[@symh7505]

Mufti layth is not someone to be listened to. Dig, he has very controversial opinions. Look into it, and decide for yourself.

[@rubz7264]

@@symh7505 Krazy guy that one

[@fahadalam8322]

@@symh7505 well then do is Yasir qadhi jeeee gog and Magog being zombies???

[@explorere9189]

May I know who is reciting dua in outro? Jazakallah khair.

[@arsalanmustafa1563]

1:14 Islamic banks reality explained

[@shabiraziz4]

Q - the guest mentioned that in a riba transaction the creditor gains something whilst the debtor does not. Could it be argued that the creditor is making 'time' a commodity in this transaction and therefore IS benefitting the debtor?

[@ismailsarchives7477]

What happened in ribal jahiliyya was that the value of the additional time was converted into monetary terms, and this is what the Quran clearly forbids (Refer to the athar in Muwatta that was mentioned in this video). If somebody were to make this argument, this would be an argument against them, not for them.

[@roberthannah7983]

The time value imposed by greedy moneylenders was excessive (redoubling) of unpaid debt owed by poor debtors. @@ismailsarchives7477

[@RUF911]

So taking a loan, line of credit with interest according to Dr. fadel is not haram?

[@sALah1550]

So does the person who takes out an internet hearing loan ‘declare war on Allah’ or does this just apply to the lender

[@imranmir1]

Basic question is ignored. Am I sinful by paying interest (Riba) on mortgage or credit cards. Is this the Quranic riba?

[@ismailsarchives7477]

Short answer: Mortgage, no. Credit card, yes. The interest on credit cards is the most obvious example of Quranic riba that I know of, because they are taking advantage of your inability to pay back within a month, and they are charging you extra for the time delay in payment.

[@vlogs_hai]

👆🏽👆🏽👆🏽 assalam walekum all problems solution Whtsap now Rapta kre maulana ji se..

[@ooG4briiel4oo]

1:14:00 guidance bank….

[@najeebssoftwareprogramming5988]

Shaykh Yasir, I am not at all qualified to say this. Still, I feel the Professor's argument starting at 17:06 *per se* may be incorrect. Mind you, I am not doubting the verses on Riba! (May Allah protect us all from kufr!); my objection is to the argument itself. The Professor talks of exchange of property; however, the more appropriate word here would not be property but "value." In the advanced economies that we live in today, we know that the notion of "property" extends to not just tangible articles, but also intangibles like IP (Intellectual Property), and so on. Consequently, the Professor's argument may be refuted by another argument that the exchange of value in this case is that of *extended time*, which is also an asset. Extension of repayment time may be intangible, but it has value nonetheless. Do you think that this argument would then hold any water?

[@mhf1967]

Najeeb, interesting question. Time certainly has value, but no one owns it, unlike an IP right, for example. Accordingly, a creditor does not give "time" to the debtor. God gives the debtor time and the creditor equally without any payment for that.

[@vlogs_hai]

👆🏽👆🏽👆🏽 assalam walekum all problems solution Whtsap now Rapta kre maulana ji se..

[@anvarfou]

Is gold loan is allowed??please reply

[@RIMJANESSOHMALOOG]

It seems when you have detailed knowledge on this subject, you tend to think that almost everything is allowed 'because of necessity'! Personally I think that anything that increases the lending on interest funds of banks is by default haram. So this would include student, car, house loans. If we found ways to commercialise halal meat in the west, we should find ways to have halal loans and funds in the west.

[@aksalafi]

In reality, the majority of Muslims in the West are involved: university loans; business premise mortgage; mortgages for places of worship/islamic places of learning; compulsory government pensions; credit cards (for emergencies/emergency purchases or purchases to avoid life becoming difficult) and many other transactions that are technically Islamicly haraam. However the vast majority of Muslims are involved in these processes not as the transaction giver but as the transactions recipient (customer). Majority are the customers in such transactions because of a dahoorah (necessity) or a hajar (need) not due to a luxury (non-necessity/non-need). On top of that some are made compulsory by the western secular laws Muslims live under in non-Muslim countries. In addition from what I understand there are no real universally accessible halaal alternatives to Muslims in non-Muslim countries. There are some alternatives labelled halaal but upon inspection are not halaal and certainly not widely accessible and available for all Muslims in non-Muslim countries. Moreover the non-Muslim countries are founded on riba based transactions and contracts of uncertainty/gambling. This is to such an extent that Muslims in non-Muslim countries have no real choice but to be involved directly or indirectly. Unless non-Muslim countries adopt islamic finance out of choice or become overwhelming Muslim and then implement islamic finance there is no current way for Muslims to completely avoid haraam transactions. Based upon all that I have said riba transactions seem to be justifiable if there is a dahoorah (necessity) or hajar (need), non-Muslim government compulsion and no alternatives (there are no banking alternatives). You may have alternatives if you know a rich Muslim(s) who will give you a good halaal non-riba based loan. In the west riba transactions that can be avoided seem to be left the personal sphere: Muslims buying and selling from each other, giving each other loans and making business partnership deals etc. In this instances we can actively not indulge in riba. And Allah knows best.

[@Lawnandgarden]

Please correct me if I'm wrong. The Quranic form of Riba is when you add a fixed amount the lender will get back plus the principle. Is the same as a conventional mortgage.

[@vlogs_hai]

👆🏽👆🏽👆🏽 assalam walekum all problems solution Whtsap now Rapta kre maulana ji se...

[@ismailsarchives7477]

Malik related to me that Zayd ibn Aslam said, "Usury in the Jahiliyya was that a man would give a loan to a man for a set term. When the term was due, he would say, 'Will you pay it off or increase me?' If the man paid, he took it. If not, he increased him in his debt and lengthened the term for him ." Muwatta Malik

[@seifseif7218]

A.Aleykum, I am trying to understand not to argue based on that hadith it means any additional from the payment is ribah and our banks are doing worse than that because at the time of jahiliya they give you time to repay what you borrowed only if you fail to pay in time they will add interest but our banks they add at the time of borrowing and when you fail to pay it will keep going higher and higher

[@ismailsarchives7477]

@@seifseif7218 Wa alaikum assalam. You said it well brother. Any interest that keeps on growing and growing with time without any limits and takes advantage of the person's inability to pay back the loan is from the riba that the Quran has made haram, that's what I believe. However, if the interest is a flat amount, or if the interest is very low, or if the person is a salaried individual who is able to pay back, I am not sure if it would come under the Quranic prohibition. I haven't finalized my thoughts on this subject, but I think there is enough opportunity for the Muslim community to prosper financially by providing finances for other Muslims, opportunities that we haven't explored much. But it requires careful planning so that things work out, also we need boundaries so that we keep things in check, and also we shouldn't rush things but do these things over some time. It is somewhat like the Sirat, thinner than a hair, sharper than a sword. We need to be really careful if we are to do something of this nature and scale.

[@dhikrallah4343]

سلام علیکم I am more confused than ever, it must be me. I have a furniture store and I sell furniture to customers without owning it. I collect money from customers at a promising time and sometimes I don't even own the product even after delivery for a month or two or more. Would this be considered a Ribba?

[@ismailsarchives7477]

No, it is not riba, but some would find fault with it because they interpret the hadith "Don't sell what you don't own" in a very literal sense instead of understanding it in context.

[@americancivicsinstitute5017]

JAK

[@osamanabih1190]

Not sure if it's accurate to call depositing money in a bank a loan. It's a service, you pay for it, by account opening fees, or annual fees...etc. Since you do pay an amount I think it makes sense to call it a service determined by a contract all parties agree to, it's not a loan for the benefit of the lender.

[@osamanabih1190]

Banks may also have fees for withdrawals, especially in foreign countries, or from ATMs of other banks. I think this makes it clearer that the intention here is not a loan at all.

[@nazshaan6555]

Can anybody explain me the meaning of Arabic word Haza and Darura please.

[@ismailsarchives7477]

Darura is an extreme need that is life and death. For example, you are about to die of thirst and the only thing you can find is alcohol. Haajah is something which makes life easier. For example, you travel to your workplace by public transport, but if you were to have your own car, it would make your life much easier.