Riba: What is it?

[@KamranZParacha]

The best way to understand riba is to see how IMF entangles a country. In order to payoff the loan, more loan is needed and it goes on and on till they start acquiring valuable assets owned by the state.

[@Ragnarhsb]

سود انسان کی تباہی کا باعث بنتی ہے میں جب بچہ تھا تب سود سے محض اسلئے نفرت کرتا تھا کہ یہ اسلام میں حرام ہے لیکن جب مطالعہ کیا تب سمجھ آیا کہ سود کو خدا نے کیوں حرام کیا ہے، سود کی بجائے اگر ریاست ٹیکس کا نظام ختم کریں اور صرف امیروں سے زكوۃ لے تو امیر اور غریب میں فرق ختم ہوجائےگا بیشک اسلام ایک بہترین اور مکمل نظام زندگی کا ایک مکمل دین ہے

[@naumanmustafa7728]

Thank you Taimur sb You have rekindled the proletariat struggle in me God bless you

[@ghazanhussain2070]

Bohat acha lecture tha. Mgr yeh batayen ke loss profits sharing mechanism interest kese hogaya???? I guess misinterpretation ki hai ap nay yahan Mufti Taqi ke opinion ki.

[@chawaisaslam6259]

باقی آپ کا مکمل لیکچر بہت مفید اور قابل سماعت ہے باقی غلط فہمی کا ہوجانا انسان ہونے کی دلیل ہے۔ اللہ آپ کے علم و عمل میں رحمت و برکت کے سمندر رواں فرما دے آمین باقی آپ کے آنے والے لیکچر کا میں شدت کا انتظار کیے ہوں آپ کا خاموش سامع ہوں آج کچھ خاموشی بوجہ ضرورت توڑی ہے

[@hedicat01]

Sir, you forgot to mention the last part in the passage of taqi usmani, i.e. the sharing of loss. Os me to sood nhi rehta q k sood me loss ka risk hi nhi hota. Taqi usmani jo keh rhe the wo aesa hai jede koi business ker rha ho aur me business k liye ose pese de don, aur phir profit ho to profit share ho aur agar loss ho jaye business me to loss bhi share hoga. How this can be said to be interest?

[@edwardcrow8940]

He either did not understand it or he did it on purpose.

[@kamranahmad588]

The loss is occurred when someone can’t pay the loan back

[@afaqjabbar8800]

@@kamranahmad588 and than bank take over the business

[@kamranahmad588]

@@afaqjabbar8800 There is no business left to take over if you default on a loan. Regardless , I don't see the issue with a bank expecting their money back as long as the business owner understands what they are signing up for before they take loan. You don't have to take the loan and nobody is being taken advantage of.

[@afaqjabbar8800]

@@kamranahmad588 thanks for explaination.

[@ArifKhan-bi7eu]

Thank you for such an informative lecture. I am a fan of you for your style of presentation. I have not read Mufti Taqi Usmani's book, but pardon me, you are only partially correct on his conclusion, which you present as representative of all the Muslims and Islmic schools. If we go by your narration of the passage ,what Taqi Usmani opines as permissible, depends on two factors ; 1.Declaration of the lender and 2. Sharing of loss too. Where as you ignored the second one while drawing your conclusions. Please ponder over ; if loss is also shared, does it remain "sood" even as per your definition? I totally agree with you that Muslims scholars are not correct while claiming exclusivity of Islam over sood ban. There is a nuance ; Islam is the continuation of the religion of Ingeel and Taurat and all ancient divine scriptures so to that extent we should give them allowance. Regards Ghulam Arif Khan Community Talking Platform- Mumbai -India.

[@sarimkhan_774]

Thank you sir you replied him and defended Mufti Muhammad Taqi Usmani in a better way.

[@nisaryasin3111]

In this exPlanation, sorry to say but sir Taimur only read mufti sahib’s text correctly but totally Misinterpreted it . Investing in other’s business is not wrong if you shares both profit and loss .

[@ishtiakabdullahyousufmozum894]

There are differences between business partnership and lending money. One can not expect to be a business partner of his debtor.

[@afaqjabbar8800]

@@nisaryasin3111 thk ha ap ye bataen Al Ahsan kya ha? Larzay Hasana kya ha ? Ap os banday k business main sharqat kri KR rahay haen Jo zroratmand ha or ap larzay Hasana ke Jaga ab es ke bidad paida KR de hai.its an ethical question , or mufti taqi Usman hujatay Islam nhi.

[@ekasnav]

Taimur read only part of text and omitted the other part "But if he is advancing money to share the profits earned by the other party, he can claim a stipulated proportion of profit actually earned by him, and must share his loss also, if he suffers a loss."

[@ahmedzahir9080]

تیمور جانه.د نر زوی یی .الله ج دی برکتونه در کړی.

[@zartashairfan4877]

JazakAllah boht qeemti or mukammal maloomat mili aap se boht shukria

[@arshangurmani6873]

Wow. hats off to you sir. 🙇 You have explained one of the most complex topic in such easy words. 👏👏👏

[@afnankhalid5795]

Aisa lag Raha hai jese khutba sun Raha Hun... Mashallah behtreen.. mimber ki jagha app jese log hone Chahiye... Ta k parhay likhe log waqt SE pehly mashido meh ayein

[@coolfacts3220]

What Taqi usmani highlighted is not what you have mentioned, he here mean to say that you can get surplus for exchange of money to a person who is running a business or simply you can invest on business of someone else and you have right on that surplus .

[@SohailRahi-i2q]

Mr taimoor your lecture on riba is highly appreciated! Sohail rahi Frome Faisalabad.

[@Logicalsane]

Where in Faisalabad?

[@alihaider5190]

24:30 taimur saab great intonation. I am very inspired by your enthusiasm while reading Karl's quotes, you also retain the that entertaining touch. The way you have expressed the phrase "khoon choosta hay" pretty much sums up the spirit of the vlog. Very informative lecture too. .

[@snopgaming47]

Taimur bhi you are great

[@alichaudhary5832]

It’s good to see u gathering references of ban on Ribah in other cultures etc. yet the basic question stands unanswered, what’s the alternative?

[@khanjehangir60]

Very detailed & easy to understand like always !

[@gpasha2986]

Thanks for throwing light on different viewpoints by leading schools of thought.

[@shahidmehmood2049]

Thank you for your time and research.....also bundle of thanks for educating us 🌹

[@shoaibahmadawan5498]

❤hmaisha behtreen Information.

[@m.bsoomro1247]

Taimur Sir how Pakistan can run without interest in current scenario? Do you have any solutions or recommendations? If yes , please make a video on that briefly.. Thanks

[@afifamalik9376]

Plz share second part of this series of riba

[@muhammadusman-vu2uo]

Waiting for the next video impatiently.

[@muhammadqasim8650]

Good information but should also make a video on alternative system and if it is practice anywhere how they operate

[@biker1581]

we love you man!!!!! this is an eye opener, though I'm not sure if Taqi Usmani's extract means what you concluded. It seems he is saying the lender bears both, profit and loss, it will be interesting to see 1) if he suggests that the principal remains intact even if the debtor suffers heavy losses and cannot repay the principal , let alone pay the agreed interest, and 2) whether the expected return is predicted to the principal amount or share in the profit.

[@li-jin]

مولانا تقی عثمانی کی نیت پر شک نہیں لیکن مولانا حلال سود کر گئے۔ جبکہ مولانا تیمور بھائی آپ نے بہت واضح اور روشن طریقہ سے حق بیان کیا۔ حقیقت میں مولانا آپ ہیں۔ اللہ آپ کی عزت میں ، رزق میں، علم میں مزید اضافہ فرمائے

[@monaandfareed4036]

Ameen

[@shahidahmadanjum]

​@@monaandfareed4036p~be cc , 😀

[@mohammaduzairhanif5848]

Taqi usmani ne to naya pandora box khol dya h Kya ao isy mazeed smjha skty hn jo taqi usman ne kaha h

[@naqashnaveed]

وہ اس لیے بھائی جان کہ مفتی تقی عثمانی کا بینک الفلاح اپنا ہے جو افغانستان میں سوویت یونین اور امریکہ کی جنگ میں تحفہ میں ملا ۔ مولانا کو ضیاء دور میں کھلم کھلا پروموٹ کیاگیا تاکہ ایک ایسا مولوی لایا جائے جو مفتی اعظم بھی ہو اور سود کو بھی اسلام میں داخل کر دے مولانا نے ضیاء حکومت کے دوران سود کو نفع و نقصان کا نام دے کر جائز کیا۔۔

[@farazahmed0]

@@naqashnaveed Before saying bad about anyone first read the concepts of Musharika and Mudarba. If those conditions are fullfilled then it’s halal.

[@MuhammadFawadBabar]

19:00 Isn't Profit and "Loss" sharing is different from interest? Kindly elaborate Dr sahab.

[@nothing276]

both are same

[@IhsanUllah-ng4qp]

@@nothing276 how ?

[@IndusReport]

Sir When I listen to you I actually find many answers with logical reasons I have watched economist channels which are very few in the whole world perhaps your channel is only in Urdu, thanks for this info This will never find across the world.

[@Albayyinah4571]

"These banks are clever thought of jews. These banks take away light of virtue from the heart of human. Until and unless this system is not destroyed, the talk about wisdom,civilization and religion are meaning less." - Allama iqbal

[@ranaanees4827]

Sir, how could you forget the Critical Condition of 'sharing the loss' mentioned by Taqi Sb, in order to qualify for not being Riba?

[@saadahmad7552]

He did not forget. Rather intentionally did that.

[@salmanfaruqui6071]

Zabardast Taimur sb, I thought you were only economic expert, but after watching this video you have gained unlimited respect in my heart. Islamic banking is just like drinking alcohol with the coke label on the bottle and assuming that we are drinking coke.

[@hilalmir5173]

Not "Islamic banking" but 'Taqi Usmani banking'

[@salmanfaruqui6071]

@@hilalmir5173 all Islamic banking, including Maulana Taqi Usmani's fatwa banking, are essentially the same as conventional bank interest. calling bank interest as "rent" and compound interest as "charity." Additionally, that most of their rent prices are based on Kibor, an instrument in Pakistan that determines the rate of bank interest. We should stay away from any kind of loan.

[@hilalmir5173]

@@salmanfaruqui6071 U are right except for using the term "Islamic" with banking. When we know it not Islamic ,how can we still describe it as Islamic.

[@advocatehafiznasirmahmood5980]

Always your efforts are excellent; good topics are selected by my dear bro

[@alinaqvi385]

While discussing Taqi Usmani sahib's opinion, Mr. Rahman did not put proper emphasis on the sharing of loss. In an Islamic transaction, the borrower not only shares the profit, but also has to bear the loss, if there is any. This is in contrast to the money lent by banks: regardless of gain or loss, the bank will demand a higher amount. Mr/Dr. Rahman would serve us better if he strongly emphasizes this point.

[@Qasim_001]

Isn't it like this that profit will be shared as per agreement but if loss happens then only the lender will bear the total loss. In Islamic shariah??

[@thehumble6714]

Nope not that

[@crescentwarriors2503]

​@@Qasim_001 No as per law the profit and loss must be shared as per decided percentage

[@waseemijaz4087]

Agree

[@mazharhussain-i8v]

Dr sab with lot of differences I like ur knowledge and expression

[@OmerKhan1]

I learned a new word in Urdu, “biddat” known as Heresy. Editing was a little choppy but beggars can’t be choosers. We are getting free online lectures. I want to know how did they tackle inflation back then? Thank you

[@DeepakPanday-lv2jw]

comared mai nepal se hu, kya aapse sampark ho sakta hai

[@waqasiqbal6750]

So we can say , the current banking system is also base of interest economic or not ?

[@maaz87]

Hum taraqi pasand :) Ustad Ji enni tarif

[@adulbasit7912]

Sir aisy topic's py bat kary jis say viewership bary plz plz

[@abdulhaadi2453]

Very Informative !!! Kindly Do more videos on on Islamic Banking . It will be great to see U sitting with Mufti Taqi Usmani or Doctor Asad zaman discussing on the topic of "Islamic Banking" or "Interest free banking"

[@Cooldownman197]

Dr Sahib you misunderstood Taqi Usmani point.He said profit/loss sharing so everytime it would not be surplus.

[@kashannadeem9437]

He has made a fundamental mistake here and should rectify it. The way he is saying that mufti taqi usmani has made riba halal is just nonsense, and a professor of your caliber should have done some research behind islamic finances.

[@afaqjabbar8800]

@@kashannadeem9437 sadly mufti Usman made it riba halal bhae Jan. Haqeeqat ko tasleem kro

[@aamirullah6872]

انہوں نے صحیح بات کی ہے مفتی تقی واقع ہی سود خور مولبی ہے۔

[@shah-jahan198]

You are right

[@asifkhan-gw8xm]

@@afaqjabbar8800 Sir ZULM mat kejye Bat sirf paisa deny sy qabl declartion ki nahi Madad ki niat sy deny wala profit/loss sy mutasir nahi hoga Jab k Karobar ki niat wala profit/loss ka brabar zimidar hoga Agar profit hy tu profit lega agar loss hy tu wo nuqsaan ma hissydar hoga

[@amjadsiddique7019]

Dr sahib good analysis. But with due apology, it’s not the complete integrated picture. To understand the Ribah in todays world you would have to study following three things: 1) Fiat money, launched again on July 17 1971, 2) Fractional Reserve Banking model of today, 3) concept of property and property rights.

[@IrfanA7861]

Can't wait for next lecture

[@wajahatkhalid290]

Thanku, this is good comparative analysis which i can add in my answer.

[@tahiraziz9168]

me kr raha agly lecture ka wait....shukr h apny meri bt mani..thnx

[@starrysky1588]

Will wait for the next lecture Sir.

[@mianakbar7341]

Thanks: such type of knowledge based speeches be delivered in Juma prayers. Alas our leading imams be so knowledgeable. If not to begin with DHA/ Bahria/ EME / Ghulburg etc admin should give this topics to imams for delivery in mosques on Friday prayers. This will reduce religious tension as well.

[@ayaz372]

Very nice video. I have 3 questions: 1. Do you think rent-seeking on land especially agriculture land is also usury? (given that much of the land in the world is stolen/conquered by the landlord) 2. Why would someone give you a loan since there is always a risk that borrower will not pay back? What is the alternative model. 3. What about inflation adjustment? Since currency value always decreases with time in the current capitalistic system

[@muhammadharoon9077]

I think principal amount will return back to its owner when currency devalued UpTo 50% less.

[@MrTamoorali]

currency value decreasing is one of the side effect of interest based economy, because it can only survive on fiat currency model which is our current system , Non interest based economy is based on currency which has intrinsic value eg gold or silver, since fiat currency does not carry any intrinsic value, thus in return increases infatlion

[@fahadjavaid7336]

very good questions I hope taimur Bhai answer them.... if he has not already in another video.... about 3rd , I would say may be for inflation purpose you can give loan in shape of gold or another thing that you think is more stable and inflation would not affect that... I think giving loan in gold and asking for an equal amount of gold is halal

[@rock981]

First of all this is really good. I really wish if Dr. Sahib can expand on what is his position when it comes to Riba? It seems that it something abhorred by all historically. But now it is a prevalent system and it’s seems we have no substitute system that is interest free and works at large scale. I have seen systems like credit unions etc that provides interest free micro financing. But it does not have capacity to finance projects, houses etc.

[@waqasmehmood9493]

AOA Respected Dr. Sb.Salamat rehain, aameen. Taqi Uthmani sb. ka ye declaration kahan se mil sakta ha? It is interestingly strange, so I want to study it completely to better understand it, especially the Quranic Verses, Ahadith, or Athaar from which he deduced it. Thank you

[@JAQ1988]

Value increase is Riba. so if someone gives a loan for a year at an inflation rate (CPI) then it must not be considered Riba, which means that protecting time value of money is not Riba or injustice to the borrower in any sense of economics.

[@MuhammadAsif99]

Thank you and I appreciate your efforts. My question is any society eliminate the interest how can control the money supply or monetary policy without interest.

[@A.SMotivation-ii1wk]

Great sir ❤❤❤❤

[@GAK625]

Well explained with references of religions and intellectuals, Great work Kindly make a separate Vlog reading Islamic banking and to invest in their projects/shares Thanks

[@munawarali5236]

Sood k bary mein Syed Abdullah Tariq ny jo defination biyan ke hy. oss ky barey mein apny opinion dein.

[@advocateinn8155]

Waiting for ur next lecture plz update soon thanks

[@somiishaw2572]

Many many thanks.. sood haram hy bs yhi pta tha.. thanks for the in depth analysis with ur impressive political economy background🙂 P.S apne jo next part on modern banking ki bat ki hy couldn find it

[@mukhayar]

زبردست تہمر صاحب

[@Virgoarn]

بہت ہی بہترین تجزیہ ♥️🌹

[@jamilkhan715]

Excellent. Very educative. Hopefully I purchase the book by Taqi عثمانی.

[@disproplexbahi4743]

Sir plz yeh mufti taqi wala thora sa agle lecture mein smjha dena qk unhon ne tou kha ha ke jo paise de ga munafe ke lye woh nafa aur nuqsan dono mein us ka haqdar hoga to yeh jaiz nhi ha kya? Aur great lecture waiting for nxt lecture

[@mariecurie437]

Best on your part sir 👍

[@munirhhussainibrahim2098]

Very very helpful lasson every single word helpful thanks

[@aneebuss]

But what about time value of money where purchasing power depletes due to inflation .. how to keep purchasing power intact?

[@onlinetv4227]

Ak tarf to ap kh rahay ho k interest haram ha or nuqsan ha es ka.dosri taraf ap ya b kh rahay hain k hmay agr progress krni ha to new conditions mtlb jo present interest based banking system ha us k hisab say chlna ho ga .kya ya khula tzaad nhi ?

[@bakhterahmn]

We shall wait for next lecture. 💓

[@adnansaeed6790]

Dr Sb plz live ayein …🙏🙏🙏🙏

[@shanililla5297]

Waiting for next lecture on this topic. Thank you Sir

[@nadiaalibaig]

Bless you. Worth sharing

[@junaidyousaf5862]

At 18:09 Dr Taimur clearly mis represented the paras by not explaining profit and loss sharing is halal in Islam.

[@sajjadashraf324]

Dr. Sahib, the topic is of immense importance and requires full justification in order to make the people understand what is ribba or interest in fact. I am still at loss to understand how do you define it. Is it a surplus value or any increase one receives over and above the money he lends? Further you have talked in historical perspective when the money was either in kind of gold or silver with intrinsic valve. How to deal with paper money keeping in view inflation and other market forces?

[@clipsfunny8753]

dear brother, please is islamic economics pr aur detail lectures nikalay ........ mai jaanta ho apk pehly b lectures hai .............laikin aur nikaaly.......

[@hammadbhutta4436]

Nice information but I still feel your knowledge about Mufti Taqi Usmani's version is limited. Need more work in that area pls.

[@ahmerkhushi]

Waiting for the next part.

[@skaswani]

Sir, I believe their is good difference b/w a inflation incorporated percentage then Interest (as you mentioned in your lecture/ Quran). It's better that we should speak out on real issues then bookish issues. Looking forward for your comments. Regards, Sajjad.

[@shadabrabbani]

after listening to your 3-4 videos, i have subscribed your channel. 😊

[@mukhayar]

What about dubai islami bank ,meezan premier islamic banking ,sirat habib metro banking ,hbl islamic banking etc. Is there any hindu ,christened ,jewdish ,budist banking in the world which follows according to their religion ?

[@saimaahmed9341]

Dr. Sb you are the right person to ask.that if a person invest in your business and get profit from that investment, is it soad? I disagree. Plz reply

[@f06md]

Where is the next part of this lecture? If anybody can guide?

[@ismailtmg824]

Taqi usmani sb ka point ap nay adhora chor dya ap nay un ki profit wali bat to ki laykin loss wali ignore ki asal to yahi loss wala point hay

[@abdurrauf65709]

I dont know about the other sources and interpretations however being a student of Islamic Studies the Islamic part is somehow misunderstood because there are two ways to give money to others (1) Lending money without returnt. in this case captal will be guaranteed and lender cant charge any profit from the borrower but (2) in second way that will be investment and partnership so, in this case capital will not be guarnteed and only finacier will take profit if it is incureed in business. Also he has to bear the loss. Respected Taimoor SB considered both options as lending borwing that is not right. Regards Abdul Rauf

[@TheLearningHub-o8c]

Hey I'm working in an app there's an option for funds where we invest some money and it will return in 3,7 or 60 days with profit...I just wanted to know is it also Sood?? As some people are saying it is and others saying no?? Plz it's urgent

[@muhammadtalhaakbar826]

Is the next video out yet?

[@hashmihere6379]

REQUEST: Please make every video like this, with reference to religions and books⭐⭐⭐❤️❤️❤️

[@rediscover2481]

Taimoooor sir. Kindly Riba or interest me ek differnce bayyan krdien. Usspe ek video zarur bnayien I'm very confused ThankYou

[@rafiullah49]

Where is second part of this lecture plz link anyone. Thanks

[@saqibaliofficial4176]

Huge fan of yours and met you couple of years ago in Karachi. I wanna draw your attention and request for reconsideration over "your interpretation" of the text from Mufti Taqi Usmani's book. 1) You you are doing favour (ahsan) with your brother and lending him some money, then it is haram to get "Sood". 2) If you are giving some money to your brother for your business purposes, which clearly means that you are being a partner in both profit and loss. That's called INVESTMENT (business), NOT SOOD.

[@Muhammad_Abdullah_Sultan]

Outstanding lecture

[@TheAbdulrehmaaan]

You have misunderstood Molana Taqi Usmani point of view. If a person is giving loan to someone with the intention that the businessman will give him profit or loss based on business activity then this is not interest, in this case he is sleeping-partner. On the other hand, if one person give loan to someone for personal matter not for business then getting extra money will be regarded as Riba. That in another thing if borrower use this money for personal use or use it to do any business, but he is not liable to give any extra money to Principal as it was not agreed earlier.

[@iShakirAli]

Very good analysis sir. Love from #NewDelhi #India

[@khadimhussain1493]

Informative. I'm waiting for a lecture on sharing of loss in islamic banking. If there is sharing of loss then is it not according to sharia?

[@edwardcrow8940]

The passage he read from the book of Mufti taqi clearly mentioned loss but in his conclusion he ignored that...

[@tmk5]

Extremely valuable lectures. Thanks Dr. Taimur Sahab

[@saadhanif6333]

Greatly informative sir. May Allah bless you with the best. ❤️

[@LogicAvenue]

What is relationship between interest and inflation then? If no interest that means you actually lose money when you lend it to someone

[@BlackEagle313]

Why are you confusing clear distinction between interest and profit through partnership? If I lend money to a business and fix an interest regardless the business is in loss or profit is prohibited. on the other hand, If I lend a business on terms that if business is making a profit, I'll have a share in it, and if the business goes in loss, I'll have a share in loss as well. how difficult is it to understand? Now where it says that the only distinction between halal and haram is just the Niyyat or intention.

[@gadgetsgadgets-f4q]

Mufti Taqi Usmani has talked about giving money for investment in any businesa on profit and loss sharing. Is it unislamic?

[@rehanmsiddiqi102]

Please explain the economic model without intreset for current times.

[@muhammedusman5161]

Assalam alaikum Sir... Me apko kafi dino sun raha hun or bht acha laga apko sun k and pehle se Karl Marx se influenced hun, lekin abhi jo ap ne taqi usmani sahab ki baat ko misquote kia yeh khayanat hai, "Unho ne yeh kaha hai ager munafay ki niyat se de raha hai to nafa or nuqsan dono me shareek hai" sirf munafa nhi lega nuqsan ki soorat nuqsan b bare krega... and its like partnership business where someone is active partner and other is sleeping partner... by the way i am not belong to deobandi school of thought k aap samjhein me is liye unki advocate kr raha hun....

[@naqashnaveed]

ماشاء اللّٰہ Nice information..

[@rizwanahmed2662]

1) Over Profiting on trade 2) Inflation (devaluation) of money 3) Artificial Shortage and Profit taking kay baray ma Islam kiya kehta hay?

[@bharatkapoor4062]

You should also give the example how there economy run without interest efficiently

[@bharatkapoor4062]

@BILLIONAIRE book theory applied in practical give different result

[@haroonbaig5674]

V.simple qarze hasana...sadaqa etc. Share ur money wd da society n spend da money not...store da money...money storage is un natural islam gives a full model of economics and finance.

[@moizmustafa7768]

He's not interested in that pal.....

[@ElectricBurgers]

By sharing in management for profitable business. By sharing in business as partners rather than charging profit without doing any effort is prohibited. So share and a Participate in production, hence society economy will grow. After practically sharing you earn rather than snatch or Robbing the debtors.

[@bharatkapoor4062]

@@ElectricBurgers does this happen before can u give some country or company practical examples who did this or doing so