Riba and Inflation - Riba Part 7 - Dr Khalid Zaheer

[@no2violence1]

Masha Allah. I salute to your knowledge the way of Explanation. May Allah bless you.

[@abdullahilkafi5679]

In my opinion mainstream mufti may have considered paper notes as if it has intrinsic value like gold,silver,dates, salt etc but we know that its intrinsic value is not even equal to the value of toilet paper. This is something like you are lending a travelling ticket of tomorrow and after coming back from the tour your friend returns you the same ticket you lent him earlier.

[@muftimudasir]

A very important clarification. This overturns the concept of riba as held by the ulema. Research carried out by scholars like Abdullah Saeed and dr umar farooq , Abdul Ghafoor etc are very insightful in this regard.

[@moneebqureshi6664]

Thanku sir ya sawal tang kar Raha tha bahot ziada

[@raashidofficial3183]

I also feel the same

[@galibanwar9934]

The argument sounds logical to a lay person like myself. However, they sound quite like personal opinion or conviction. Which is risky to accept and follow! The arguments and rationale need to be supported by references from Quran or Hadith.

[@ziacheema2899]

نہ تم ظلم کرو نہ تم پر ظلم کیا جائے گا- اصل زر آپ کا حق ہے- یہ کرنسی نوٹ حقیقی کرنسی نہیں ہے- اسلامی کرنسی بس یہ اشیاء ہیں- سونا،چاندی،گندم،جو،کجھور اور نمک ان میں آپ ادھار کا لین دین کریں اور برابر سرابر- جتنا ادھار دیں بس اتنا ہی واپس لیں دوست

[@greengalaxy8873]

See verse 4:58 in Surah Nisah. The borrower is supposed to return what has been entrusted to him or her. It is obviously the purchasing power that has been entrusted because that's what the real underlying value of notes, bills or currencies.

[@AzSah000]

​​@@ziacheema2899but who would borrow Jo and wheat and gold and silver these days? It's not a tradable currency sir. At least we have to talk sense and practical. Can you go to a bank and deposit wheat or borrow wheat or go to Imtiaz store with a bag of corn and say take it and give me Cereals 😂. Come on

[@ammaraishfaq8345]

Value of currency deprivation must be adjusted justly..currency fungibility ..must be addressed ... justly...main emphasis on that...but we invest in bank what modalities should be settled...

[@ammaraishfaq8345]

Depreciation

[@mohammadwaheed3460]

G Dr saheb karansee agar aj bi sonay ki bana de jahy. To ye masla hal ho jahy ga.

[@ziacheema2899]

کیا یہ ہو سکتا ہے ادھار کا لین دین فطری کرنسی کے حساب سے ہو، مثلآ سونا،چاندی،گندم،جو،کھجوراور نمک

[@snbirdsfarm673]

Bilkul husakta ha magar ziadha tar apas k udhar me fitri currency koi nahi mangta magar karobari loan me yeh zaror lagu huna chayya khas kar baray industrialist jinhu ny banking system ko use kr k Arab RS bana liyya

[@greengalaxy8873]

This is what I too was thinking. Riba has been prohibited in the Quran. But also as per verse 4:58 in Surah Nisah the borrower is supposed to return to the lender what has been entrusted to him or her. It is obviously the purchasing power that has been entrusted. Purchasing power is the real underlying value of notes, bills or currencies that we use. Normally the interest that depositors get in their savings accounts is always less than or equal to inflation rate. Therefore, it will not be riba. However, in case of savings certificates or fixed deposits or term deposits I would compare the interest rate with contemporary percentage change in general prices of commodities. Percentage hike in price is available from the central bank's published data. If the interest rate is above that rate then the difference is the riba. Warning and Disclaimer: I am not giving any fatwa here. Everyone should use his or her own judgment and must not follow blindly.

[@naima8392]

Does anyone have a translation of this video in English or French?

[@moneebqureshi6664]

They says that in Islamic economic system money is considered as a medium of exchange and measure of value not store of value. Because these money loss the value with time. For example if you give 50 dollar to someone for next 1 year so after 1 year money loss it's value and you are able to buy the goods and services from these 50 dollar the same after 1 year that you can buy today. So in order to receive the money from someone you need to recieve the value same as you give to someone.

[@marksackhaarberg1822]

@@moneebqureshi6664 Thanks !!

[@DrNaeem-]

@@marksackhaarberg1822 getting profit on loan as per current value is Halal.

[@ShahidAli-un2ih]

ان صاحب کا تعلق لاھوری گروپ کے ساتھ ھے لہزا انکے فتنے سے بچ کر رھیں۔

[@snbirdsfarm673]

Any proof or link as he relates to lahori qadiani kindly share

[@AzSah000]

Yeh baat koi nahi batata. All scholars say cash on cash is Haram without knowing the underlying mechanism at the time of this aayat and currency system.

[@tiglathpileser3329]

It is not applicable for fiat currency

[@investorhirsi7321]

English please

[@zafarnonari7547]

قرض دینے والے کا قصور کیا ھے اگر اس نے حراساں ھی ھونا ھے سود تو فارسی کا لفظ ھے مفید جبکہ بیکار کو بے سود کہتے ھیں اللہ بھی قرض لیکر سود دیتا ھے

[@abdussamee1867]

His argument or opinion about riba or interest is totally wrong .Interest or riba is haram for all time till qiamat.