Tafseer of Ayat of Riba - Sh Nouman Ali Khan

Explanation of verses 275-276 from Surah Al-Baqarah, regarding the prohibition of Riba (interest) by Sheikh Nouman Ali Khan (Bayyinah Institute)

[@hifisumz]

Im a fin professional I've stayed away from riba so far Alhamdullilah. I want to be one of those Muslims who actually bring a change ti the system by presenting alternative solutions to Riba as per our Islamic teachings! Plz pray for my success!

[@rsm567]

hifisumz Which country are you in? Can you share some of what you're doing? In India, we too are trying to develop an alternative system. Rehbar is our initiative - www.rehbar.co.in

[@shorabc1286]

do we an alternative to riba? or an alternative to the whole system...?.?

[@ayeshaaliali7439]

Noukhaiz Nadeem aswrb brother. I am in great problem and I need your help and support as we all brothers and sisters of Islam. Brother I am stuck with this problem from nearly 4 to five years since now. I am not able to come out of this problem.. I need help and support from my Islam brothers and sisters. Please brother if you could help me in clearing my riba for the sake of Allah swt you will get ajar for this in duniya and aqhira

[@ayeshaaliali7439]

Abdulrahman Oubari Aswrb brother. I am from India and I am facing this problem from nearly 4 to 5 years since now. I really need your help and support to get me rid of ribs. I have no clue as to how can i come out of this problem.. I just pray to allah swt to help me.

[@ayeshaaliali7439]

Abdulrahman Oubari Brother there are no such Islamic banks here which help people like me to come out of this problem.. they have there own terms and conditions which are almost like the other banks. Common man like me can never take help and support from them.

[@aminlion4092]

May Almighty Allah bless you for speaking out about this disease that is killing mankind RIBA ... some of our Scholars Islamic scholars I mean are talking about it like sheikh lmran Hosein of Trinidad and Tobago May the Almighty Allah bless him and all the scholars of Islam we're talking about it may Allah help us is not an easy fight but we must have faith ....

[@khalidhabib1552]

It's a timeless great video by a great lecturer.

[@AMT-bq7hh]

May Allah the All-Mighty grant you Jannah, brother Nouman Ali Khan

[@cue1806]

Ahmad Mureed ameen

[@noukhaiznadeem8740]

Correction: 'Man and money' was written by Shaikh Mahmud Ghazi and he was a Pakistani jurist, not an Indian scholar .. Jazaak Allah ..

[@Ezrops]

I have that book. Nouman is right

[@thebeliever8227]

@@Ezrops can you plz share the e copy?

[@changeuaself]

@@thebeliever8227 yea is there any pdf available for it?

[@kamolegamberdiev7793]

@@changeuaself you can not use pdf copy. You should buy the book. Copyright belongs to the author.

[@changeuaself]

@@kamolegamberdiev7793 Books are too costly... PDFs are for free lol

[@shakilahmedification]

We should form an organization to remove interests from the country and world. Otherwise we can not get rid of interest (Riba) and we should work together and help each other and we should have vast knowledge about Islam and economy to get rid of interest.

[@ayeshaaliali7439]

Shakil Ahmed Aswrb brother. I am in great problem and need help and support from you all please help me in clearing my riba for the sake of Allah swt I have been trying to get out of this problem.. But I have no way out .Please brother if you could help me in clearing my riba for the sake of Allah swt I would be greatful to you. I have very little time to clear riba. Please help me

[@jamessmart5291]

Nouman Alihan, super!!!

[@nsafiahyusoff63]

It is so real. I bought a car two years ago using loan. At first I didn't know that the loan was riba'. I don't care about it at all. After like one month i paid the car, I was like being possed by jinn. I felt weird, felt like wanted to suicide, kill my children. So I went to syifa' and had rukyah. I was totally ill. With eye bag and looked so old. I'm just 28 and most people said I look like 40++.. then I had check up with darul syifa' and confirmed that I had been sihr or something like inheritance jinn. I was so surprised. I asked from Allah to help me. It is Al Quran. I learned tajweed, tafsir with a teachers and also from KZbin. Then I knew why it happened. Riba'= touch of shaytan. It is so literal. Those who commit riba' will have the touch of the devil. I experienced it already. Before commited with any loans, please study wether it is halal or not. Please look for Islam financial.

[@nylahasan9848]

Enjoyed this lecture a lot. Ustad Nauman is right Muslims should study this subject in depth. Many use heela, by calling riba rent; like Islamic mortgages.. there is at least one islamic scholar who understands that the dollar by its very nature is Haram; why don't the Islamic scholars and muftis who make fatwas learn financial with Imran Hussain instead of ignoring him. He understands the subject better than any I've heard. I'd be glad to share with the youth my learnings of over a decade in this subject, of currency & money, history of money, international monetary finance, banking system, banking products...... All are steeped deep in Riba directly or indirectly (hidden)...

[@romelhendra4442]

Please make to subtitle indonesiaan,because we not many understand,the People indonesian very like to ustad nouman ali khan. Thank you..

[@awakenthegreatnesswithin]

Self-education is the best education.

[@tumkatowice4052]

Agreed! Please tell me where any Non-riba based bank exists in the world(including in the so called Islamic countries)! Yes... a false economy... heard it all before! Where does the living example of a non-riba based economy exist in the real world? If it's about commodity-based currency...all the commodities are own by the riba-based countries! May Allah(swt) bless you brother Nouman Ali Khan...please present practical alternatives within the remits of Islam, in future Inshallah.

[@roberthannah7983]

Such an economy does not exist. Taqi Usmani's "Judgment on Interest" in Pakistan (National Sharia Court) which banned interest was basically thrown out a few years later as unworkable.

[@imrannilam5358]

Good explanation in such short time Jazakallah

[@mayyee1271]

Fatwa by al-Azhar’s Institute of Islamic Jurisprudence is viewed as legitimizing collection of interest or fixed profit in context of Bank deposits. The December 2002 fatwa issued by al-Azhar’s Institute of Islamic Jurisprudence is viewed as legitimizing the collection of interest in the context of bank deposits. This fatwa follows the Azhar view that interest is simply a form of profit on a mudarba and characterises the depositor-bank relationship as that of an investor and his investment agent and legitimized collection of a fixed profit percentage (interest). Text of the query and fatwa Re: Investing Funds in Banks that pre-specify profits Prof. Dr Hassan Abbas Zaki, Chairman of the Board of Directors of the International Arab Banking Corporation sent a letter dated 22/10/2002 to the Honorable Great Imam Dr Muhammad Sayyid Tantawi, Shaykh-ul-Azhar stating the following: Honorable Dr. Muhammad Sayyid Tantawi-As-Salamu alaykum wa raHmatu Allahi wa Barakatuh: The customers of the International Arab Banking Corporation forward their funds and savings to the bank, which uses said funds and invests them in permissible dealings, earning a profit which is distributed to the customers at prespecified amounts and agreed-upon time periods. We request that you kindly inform us of the Legal status of this transaction, Chairman of the Board of Directors, Dr. Hassan Abbas Zaki. Attached to this letter was a sample document for the dealings between an investor and the bank. (The second page has a small sample document informing a customer that his account of LE 100,000 is renewed for the calendar year 2002, with added “return rate of 10%” in the amount of LE 10,000, thus bringing the account balance to LE 110,000.) The Honorable Great Imam forwarded the letter and its attachment to the Islamic Research Institute for consideration during its first following meeting. The Institute convened its meeting on Thursday 25 Shaban 1423 (October 31, 2002) during which time the issue was presented. Following the deliberations and studies of the members, the Institute decided: Approval of the ruling that investing funds with banks that predetermine profits (tuhaddid al-ribh muqaddaman) is Islamic-Legally permissible, and there is no harm therein. Since this topic is of particular importance for citizens who wish to know the Islamic-Legal status of their investments with banks that pre-specify profits, and since there havebeen numerous questions about this issue, the General Council of the Islamic Research Institute has decided to prepare an Official fatwa backed by the Legal Proofs, as well as a summary of the Institute Members’ reasoning, to give citizens a full picture of the issue and instill confidence [in the decision]. The general council presented the full text of the fatwa to the Islamic Research Institute meeting on Thursday 23 Ramadan 1423, equivalent to November 28, 2002. After reading the fatwa and taking account of the members’ comments on its language, they approved the fatwa. This is the text of the fatwa: Those who deal with the International Arab Banking Corporation, or other banks, thus giving their funds and savings to the bank as an agent (wakil) in Legally permissible investments in exchange for a pre-specified profit that is given to them at agreed-upon periods. This dealing, in this form (Surah) is Legally permissible, and there is no Legal suspicion (shubha) associated with it. This follows from the fact that there is no Canonical Text (naSS) in the Book of Allah or the Prophetic Sunnah that forbids this type of transaction, wherein the profit or return is pre-specified, as long as both sides mutually consent to this type of transaction. Allah (Most High) said: “O people of faith, do not devour each other’s property unjustly, but let there be among you trade by mutual consent” (Al-Nisaa 4:29). In other words, O you who have the proper faith in Allah, it is not permissible for you, and not proper for any of you, to devour the property of another in invalid and forbidden ways that Allah (Most High) has forbidden-such as theft, usurpation, riba, and other acts that Allah (Most High) has forbidden. However, it is permissible for you to exchange benefits among yourselves through transactions initiated by mutual consent in a manner that does not make permissible what has been forbidden, or make forbidden what has been permitted. This applies whether the mutual consent is established verbally, in writing, by physical signaling, or in any other way that implies mutual acceptance and agreement of the two parts. In this regard, there is no doubt that mutual agreement over prespecification of the profit is acceptable legally and logically, so that each party may know his rights. It is well known that when banks pre-specify for their customers their profits and returns, those profits/returns are fixed after a detailed study of the international and domestic market conditions, and the economic circumstances in society, in addition to the special conditions and nature of each transaction, and the average profitability of each such transaction. Furthermore, it is well known that those fixed rates of return may be adjusted upward or downward. For instance, Investment Certificates at their inception paid 4 percent returns, whose rate of return later increased to over 15 percent, and then more recently declined to approximately 10 percent. The party that specifies this rate of return that is subject to upward and downward revision has the responsibility of determining that rate, according to the instructions of the specific authorizing national agency. Advantages of this pre-specification of the rate of return-especially during this time in which deviation from Truth and truthfulness is rampant-accrue to the funds-owner, as well as the managers of banks that invest those funds: • The funds-owner benefits by knowing his rights without any degree of ignorance or uncertainty (jahala), and thus can plan his life accordingly. • The managers of banks also benefit from this specification [of rates of return] since it gives them the incentive to maximize their profits to exceed the amount they guaranteed for the funds-owner. Thus, the excess profits after paying the funds-owners their rights accrue to the bank managers as compensation for their effort and diligence. It may be said in this regard: But banks may lose, so how can banks pre-specify profits to those who invest with them? In answer [we say]: If a bank loses on any one transaction, it makes a profit on many others, and thus covers its losses with its profits. This fact notwithstanding, in case of an overall loss, the matter can be referred to the legal system. In summary, pre-specification of profits for those who invest their funds through an investment agency with banks or other institutions is Legally permissible, and above Legal suspicion (la shubhat fiha). This transaction belongs to the domain of benefits that were neither explicitly permitted nor explicitly forbidden (min qabil al-masalih al-mursalah), and does not belong to the domains of creeds or formal acts of worship, wherein change and alteration is not allowed. Based on what has been stated [we rule that] investing funds with banks that prespecify profits or returns is Legally permissible and there is no harm therein, and Allah [only] knows best. (Shaykh-ul-Azhar Dr Muhammad Sayyid Tantawi, 27 Ramadan 1423 AH, 2 December 2002 AD)

[@roberthannah7983]

Thank you for providing this reasoned fatwa. Unfortunately the traditionalists ignore this and prefer to rant as this person Ali Khan does. It also shows the ignorance of the scholars who claim there is a consensus that interest = riba.

[@aganimelandbd4722]

There was question in my mind ... Now I find the answer

[@researchpurpose357]

I have to write thesis on the same topic too. Can you kindly varify the name of the author of "man and money"? Thanks

[@abdullahahmed7604]

does anyone have a bayyinah tv account they would be willing to share with me? I am currently studying Arabic with Husna unit 3 but my account has been turned off, Jazak'Allah Khair

[@tamarabilto6278]

Is the name of the book "man and money" Keith Ellis?

[@mushfek]

I just love his accent Mashaa Allah!

[@SunnySJamil]

His US American accent?

[@klaaskay2685]

By using the 'passive income' to describe the Riba activity will only give a misleading presentation of the phrase. Passive income doesn't necessarily involve Riba; you can definitely have an honest business that generates income while you're awake and asleep.

[@second_second_]

+Klaas Kay, for example?

[@klaaskay2685]

+Second For example: www.22s.com/passive

[@SunnySJamil]

Thank you for clarifying that detail. That same thought occurred in my mind when I heard "passive income" synonimized with ribaa. Honest mistake on his part, 'in shaa' Allaah.

[@thebeliever8227]

Good to see your valuable comment... NO NO RIBA is haram because one who takes RIBA want to get rid of suffering any lose he want to make profit without taking any risk (ofcourse by lending money on intrest) On the other hand the bai-aa business is halal in which you don't simply make money without any risk involving in it.

[@margotfanny3281]

Tafseer of Ayat of Riba - Sh Nouman Ali Khan Raashid Sherif Raashid Sherif

[@ShalusMehandi]

We started business after taking personnel loan is it halal money which we are earning from that please guide

[@peaceisbest6096]

I am 21 trying to practice islam much.. I today was checking my bank accounts which actually my father manages. I found a term deposit account on my name with money which receives interest in flow. I know haram will never make us content. My father also follows Islam he reads Quran. I feel sad what should i do brothers and sisters

[@zaidfutloo9439]

no mortgage no loans.. do not declare war against Allah All Mighty

[@aladdinmohamedlip9691]

I wonder what Sheikh Nouman Ali Khan think about Islamic Financing through Bay' bithamam 'Ajil (BBA) - deferred payment basis. Is it really permissible? It seems to me the financing structure or DNA is similar to conventional banking, although different terms are used: profit/mark-up instead of interest. In addition I found that, the total profit/mark-up is amortised over the financing period using the same formula (rule 78) as used in conventional banking. This result in early payments having little effect on reducing the principal outstanding, as most it goes to pay off the profit/mark-up due. If BBA is permissible, why don't Islamic Banking come up with a fairer and original formula for amortisation? What do other good and knowledgeable Muslims think?

[@second_second_]

+Aladdin Mohamed Lip What is DNA? Deoxyribonucleic acid? I also am interested in what we can do

[@roberthannah7983]

You are quite correct - deferred mark up (murabaha) is just camouflaged interest.

[@abdulmax5168]

Buying car from bank is haram Coz im paying interest on car price for delayed payment??????

[@cheriftahrat9945]

All the video speaking about Riba are about the side of the guys who lend the money and the fact that it is forbidden. What about the one who borrow the money. It seams that it is forbidden for him to borrow with interest, to sump up all the current bank credit. So, the question is what do I do? I have to rent a house or a flat all my life until the day I die cause all the money in the society is based on Riba? What are the solutions, please advise. And don't answer me with islamic bank that cost at the end even more than a standard credit and for which the money Come from the same World bank which is based on Riba.

[@parvezshahidi4783]

That is RIBA and Allah subhanahu wa ta`ala has declared war against those believer who deal with RIBA. Rasul sallalahu `alaihi wa sallam has cursed/L'anat on wealth obtain through RIBA. And if we have curse of a prophet on us, then on matter how many times we do Hajj or give Zakah nothing will we accepted.

[@soewon1239]

one has a house from mortgage ...what should he do to be forgiven....coz after asking for forgiveness he ll still have the house

[@second_second_]

+cueboy I think nouman had gave the answer in this video during 14:05. there's also other video from other islam speakers about this.

[@ibrahimawelle6518]

Is it haram to file income taxes??

[@zakirnaikahmaddeedat3651]

Taxes ARE Haram in Islam. We have better system : Zakat and Jizya.

[@mohammedsiddiqi2862]

Except none of those calamities are actually occurring. Instead we have unprecedented industrial growth, wealth, quality of life, quality of healthcare, quality of infrastructure, etc etc So where are the harms of interest? Who is harmed by it? The Muslim student who becomes a doctor by student loans? The Muslim family which buys a home and lives happily? the Muslim businessmen who starts businesses? Thr Aswan Dam in Egypt built by interest loans? Who is harmed? Let him step forward please.

[@jolinadilan677]

Is this like bitcoin

[@second_second_]

I wonder, then should Banks exist at all? Bank is supposed to originally be : a person who are given the amanah to keep the money of the person who give him the amanah. About loan, we lend money to people in need, with intention to help each other. The problem comes when people think about making profit with that, that's why they put interest. If the lender has good intention, and the borrower pay him/her back honestly and on time, no problem. The problem also arise when the borrower doesn't pay on time. If the borrower is a good person and making his/her best effort but still couldn't pay in time, we might want to help him/her. we are taught in Islam, it's better if the lender make it as sadaqah to the borrower. There's another problem also when the borrower purposely don't pay... or the lender worries that maybe the borrower forgets to pay. That's why Allah said in Surah Al-Baqarah ayah 282 (the longest ayah!) to write down and stamp the deal. Actually Allah has provide us all the solutions especially in these last ayahs from Surah Al-Baqarah. All that's left is to implement it. How to convince or integrate Allah's solutions into the society? maybe we can do some sort of simulation of the clean economy based on Allah's solutions. It's up to us all to do something about it.. i guess.

[@haytemhaider5959]

If I am using these FIAT money and the their money value changes(often drops). Am I committing riba? This topic is so confusing when we are (the poor) got sucked into and born into this riba based economy. SRSLY Who ever tries to solve this Riba based money, get shot in the head. I really can see the the chains on humanity from the devil now. But how in the seven heavens and earth does economy work without intrest?

[@samierahmadsaraji]

Nowadays. Cars in my country we dont lease. Everything cars and house is sold with interest loan bank. If not no one will be able to buy house or cars. Only rich people afford to buy house cash. How about this issue will Allah not accept our dua? Im so sad

[@turbocharge2512]

There are some car on 0% interstate , or you can buy used car with cash ! Agree home are expensive but there are some Islamic Finance option available.

[@thebeliever8227]

No no riba is Haram because you can not simpy make profits/money without any risc involved in it. where in bai-aa either you have profit or suffer a lose.

[@t5698]

can someone give me examples of all types of riba please

[@nsafiahyusoff63]

Got interest. Sometimes it also called fixed rate

[@mousufahmed7991]

I am confused is not Bayyinah is not a brand? Is not it required a lot of money?

[@ak60826]

It’s a good advise but there is an intelligible reason why riba is haram and we need research it to clarify to Muslims and non Muslims alike the big picture here and now before the day after

[@VictoriaFilmsgroup]

and guess what you have to work to pay that mortgage.

[@humanityfirst1551]

If u r living in UK what is the Alternative.? :(

[@IrxtBlogspot_irx]

farzana sameer Isn't there any islamic banks there?

[@muzshah3995]

farzana sameer live as per the need ALLAH GIVES U..dnt try to live above..hve patience n TRUST ALLAH ALONE..for ur kind info i started a food business since 5mnths wiz zero money investment bt just TRUSTING ALLAH ALONE N MAKE DUA, ALLAH HELP ME..ALLAHUAKBAR..MAY ALLAH MKE THNGS EASY FOR THOSE WHO R IN NEED..ameen.

[@humanityfirst1551]

muz shah Ameen Summa Ameen

[@margotfanny3281]

HI, I ha not been dividided

[@roberthannah7983]

The prophet's condemnation of riba was to stop the exploitation of the poor by unregulated money lenders. Banks did not even exist at the time. This has nothing to do with interest in modern regulated financial markets. Read scholars Fazlur Rahman and Abdullah Saeed.

[@awakenthegreatnesswithin]

Robert Hannah ok sure - seems like the same thing is happening now, the poor minded people getting exploited by the devil 👿

[@roberthannah7983]

@@awakenthegreatnesswithin Actually millions of working people are able to benefit from the finance of home ownership and car loans, and millions of others are able to earn a modest interest return on their hard earned savings in banks without risk of losing their money in business investments that they do not understand.

[@roberthannah7983]

@whatthe I thought to reply to some of your points. Regarding 3rd world countries - the countries in Asia and Latin America that have made a lot of economic progress including China have interest based banking systems and capital markets. Regarding bank profits - banks make money on the spread between their loans and deposit rates and are heavily taxed on their profits like every other business. Banks should make profits, compete, and be run efficiently! People do not want to trust their money in a bank that does not make profits and loses money! On the gap between rich and poor - it is not because of banks, it is because of globalization and technology - the value of skill is becoming higher. You should also read about Thomas Piketty's ideas about the rate of return on capital (profits) being higher than the growth rate of the economy. In any case, the rich did not get that way by letting their money sit in a bank! The rich are entrepreneurs and business people. Banks are not deceptive - any more than other businesses. Banks are heavily regulated, spend a great deal on reporting, and are subject to truth in lending legislation, fair disclosure, and consumer protection. Islamic banks charge interest as conventional banks do, in their deferred markup murabaha lending and musharaka mortgages. and make "profit" payments to depositors like interest. So, if you do not believe in interest and the time value of money -- then as that lovable British scoundrel Wimpy said, "I will gladly pay you Tuesday for a hamburger today". Having said all that, I would agree with you that many people borrow excessively and have too much of an "interest filled life". Islamic finance does well to warn against this.

[@roberthannah7983]

@whatthe I accept and respect the fact that you and many others have firm views on these economic issues much different than mine, and that at least we can have a discussion about it in this forum. When I look through the Islamic finance literature, I note first that Caliph Umar, a companion of the prophet, is said to have remarked that the prophet did not define the prohibited riba to his followers. I think the rest of the apparatus of Islamic finance is constructed by Islamic scholars with little support from fundamental sources (although they will vigorously argue otherwise.) Your example about house buying does puzzle me. The bank sale back to me at $110 clearly represents compensation for the time value of money. I know sharia boards do not call it interest, but it is obviously equivalent to interest.

[@shafiqkhan488]

ye banda kia bechta hey? our kis dunya mey rehta hey?

[@SunnySJamil]

Ilm. Inhon ne school kholaa hai. Aap kyaa bechte hain aur kis dunyaa men rahte hain?

[@mohammadpourheydarian5877]

I buy a house and pay $700 a month for 30 years financed by interest based mortgage and is haram but if you buy the same house in cash and sell it to me for $800 a month for 30 years this is halal yes? Thats what the islamic banks do. Quran says "we forbidden reba because we do not want wealth circle amongst a few" Wealth will be concentrated more by Islamic banks because they charge 800 instead of 700 so it should be more haram. During prophet's time money was commodity based such as gold or silver today's money is fiat and is not backed by anything. Reba is an economic issue and should be discussed by those who know the basics of money creation today.

[@saadbholat4]

He not Shk

[@MUZHARKHAN-vn2hu]

I am not an ustaz Just an input Shouldn't we read the asbabul buzul of this ayaa? Those money lenders are what we would call loan sharks today There were no banks then Banks charges very humble crated to keep the economy moving forward So, it's a different situation altogether Ulamaa should come our with fatwas for this

[@WorldsHypocrisy]

The start of this topic reflects poor research. Indian scholar, 60's ... author's name is Shaikh Mahmud Ahmad, Man and Money is the book and he was a Pakistani jurist, financial expert and islamic scholar..... can't be so wrong... to begin a lecture. I have limited knowledge, but i wouldnt be giving lectures irresponsibly.

[@tonamewith]

Buying low because nobody wants to store it is not riba. Selling when people want what you risked to store is not riba. You actually did work and take over the risk and you only took the risk. Therefore you are wrong about this. But. You used a currency born out of riba. That's being touched by the devil.

[@VictoriaFilmsgroup]

no no dont invert i pay mortgage bank makes the money not me, come on didnt they teach logic at business school.

[@mohamedh.rashwan8738]

making money while you are sleep is not wrong or Haram yet the way you are doing that. eg: if you are sleeping partner with an investor who trade in Halal commodity then no problem, however if you are not sharing in loss ..this is the problem or Haram (and Allah knows bette).

[@VictoriaFilmsgroup]

so who is making money the borrower or the bank? so stop telling people its their fault.

[@braintree7502]

when did this translator become a Shaykh now!

[@Medstudent-tl5nu]

He never did, and NAK dont like to be called more than Ustadh. Sheikh is another level lol.

[@misbakhan447]

ON BEHALF OF OUR BELOVED SHEIKH IMRAN HOSSEIN. IS PAPER MONEY HALAL OR HARAM. IS CRYPTO CURRENCIES HALAL OR HARAM. GIVE US A RULING.

[@roberthannah7983]

Dont ask for a ruling from people who know nothing about modern finance!

[@AbdullahSameerVideos]

Okay I watched NAK's video with an open mind In summary, Noman Ali Khan has massive ignorance on finance. He even admits this in the video that he is a layman and doesn't know this topic in depth. What follows is a very painful video where he keeps making mistake after mistake. 0:58 He's wrong that Riba will cause a society to go bust. Riba is the basis for all modern societies. 2:14 Then he says the opening and closing bell of stock market is like crazy people? LOL 3:03 then he talks about trading on the stock market as its riba???? LMAO, this is beyond stupid now. Buying stocks is not riba!! Stocks are commodities! I have a feeling he has no idea about finance. 4:53 OMG I feel like banging my head on the wall how bad this is. Studying to get an accounting degree (or a computer science degree) is HIGHLY profitable. It worked out extremely well for me. I am making far more with my degree than if I would have delayed studies. Accounting at the university I went to has almost 100% employment rate and some of the most highly paid people I know are accountants. I pay my account $1k for a few hours of work to do my business taxes. 5:45 Now he says you need to spend your whole day reading Quran, but take a few moments to read this random book he's recommending? Oh man. How sad. Keep reading Quran and you will be stuck in ignorance on everything. 7:17 "Muslims have to be convinced our deen has the solution". No, your deen doesn't have the solution. It's actually creating more problems. 8:29 He admits he's just a layman and doesn't know finance. Exactly. No surprise there. 9:40 He's talking about how riba increases house prices. This is called inflation. It applies to the entire financial system. This is because money has time value. There's no way around this. BTW Paying 3-4-5x what the house is worth is not correct. Maybe 2x. 10:32 Now he's saying that a house price is worth less than a piece of gold. Hilarious. Just for fun I looked this up. It goes up and down, the price of gold and the price of homes is not static: "Divide the average price of a GTA home by this figure and you arrive at almost 542 ounces of gold. Compare that to five years ago, when the cost of a house was equivalent to only around 300 ounces of gold. However, gold is one metric by which Toronto home prices actually looked higher in the past. Back around 2005, the weight of the price of an average Toronto home in gold was closer to 600 ounces. That came at a time when gold wasn’t worth as much. It was also higher in the 1980s, when Toronto was in a housing bubble, Porter noted." (Source: GlobalNews article) Now he's saying they got robbed. Dude, sorry but you are an idiot. You don't know anything about economics and you are talking out of your ass. HOW DID THEY GET ROBBED? They got a home and the price of homes appreciates significantly. 11:00 "They jumped the rate from 5% to 8% to 12%"?? WTF kind of mortgage is that? My mortgage is 2.5% and its fixed for the entire five years. Most likely it will be 3.5% when I renew it, but I have paid off a significant amount so my monthly payment will most likely not increase. 11:28 According to this imaginary scenario he just made up, people are kicked out of their houses? LMAO. And the bank sells at a loss of $300,000? LMAO HAHAHA. How would the house be in a loss now? My home has increased around $100k since I bought it, how the hell is he making up this shit? Interest rates go in the opposite direction as house prices, so if interest rates are up so much, that means the house prices have skyrocketed. 11:45 RIba is not a means of oppression in all cases at all whatsoever. He's again overgeneralizing. "When Muslims don't do serious research in this area, we are defeatists". I wish NAK would take his own advice and learn some finance before talking out of his ass, because pretty much nothing he said in this video is correct. 12:40 Some guy became Muslim because Islamic financing is "way too ethical it has to be from God" HAHAHAHAHAH I'm crying here. Did he see Islamic laws on slavery or beating one's spouse? This guy is a clown 　 15:20 We're seeing Allah obliterate riba now with the housing crisis. Buddy, we didn't have a housing or finance crisis in Canada. Because our banks were more conservative. If you overextend, if you lend people to those who don't deserve it, yes you will have a mess. This doesn't mean you throw out the baby with the bathwater.

[@iamsham9548]

Abdullah Sameer basically u aren't a Muslim...so u won't get it.

[@zubairsheikh6067]

Abdullah Sameer Hi mate im totally with you right now i have the same question But why Allah would hide this complicated issue just behind a single word "riba" why didnt he used any more verses in elaborating it further i mean if he can go into detail of how to divorce and how to treat your divorce breastfeeding wife in surah talaaq and how much to give to daughter and how much to son in surah nisa then why didn't he wrote any extra line on riba if you could share your unbiased opinion on that

[@guidencetoall8507]

Abdullah sameer... This is your ignorance that u feel riba is good. Stock exchange are not completely halal what do u know about it just barking here... Do u know diff b/w a equity and derivative. Equity/stock/share bought in non banking companies is halal if bought in banking is haram. That u we have sharia compliant mutual funds. Derivative is gambling. Because in derivative ur not owner of any asset just playing on value of underlying asset. Hope this clear to ur arrogance with incomplete knowledge in stock market. Now coming to banking. Before you talk on riba first try to understand how currecy is been printed who has the authoring to print in USA.. Fredal reserve prints it but who own it.. Search for it u will know the truth. So what I mean here is this whole system of paper note currecy is a fraud because govt and some price banks control its flow learn about IOU first then talk here. I think u don't have that much knowledge in finance so I will just explain in simple terms. What does a bank do.. There is only major 2 fn 1. Take hard earned money of people as deposit 2. Loan money the same money on high interest to same people Do u think it is right. This is what riba is. Bank can use 90 percent of deposit money and can loan it. U talk about slavery... Ur so stupid that y don't know what slavery actually means. Ur house is not ur house it's own by bank until u pay every penny.. So if u are not able to pay ur children has to pay.. If not u have nothing.

[@anothergoogleuser4915]

I occasionally spend a lot of time and place some effort in my replies to benefit my brothers and sisters in humanity as well as in Islam. InshaaAllah my reward for this lies with Allah Subha Hu Wa ta Ala. You on the other hand spend hour after hour critically watching and analysing islamic dawah and informative videos just to be pendatic, mislead and nit pick. I suspect you're a paid shill, however in the unlikely event that you aren't then I PITY you for wasting so much of your time being consumed in you're hatred for Islam. You clearly have too much time on your hand, for someone who claims to be a ex muslim, stop being such a whiney crybaby clingy beyach and just get over it and try to get on with your life instead of constantly stalking Islam. In relation to you highlighting 58 secs on the video. Have you never heard of boom and bust economies ? The great depression ? Financial crash in 2009 ? Take a look around the world. All 3rd world countries are being robbed of their natural resources . Stooges are in place backed by armies with weaponary bought on huge interest based contracts signed off by the stooges who are rotated / alternated in to power turn by turn. It is the ordinary poor working class people who then keep paying back the interest. P.s it's only been about 10 years since Great Britain finished paying off debts accured from WWII. 4 Generations of tax payers later. Haters going to hate, but your ego will lead you to follow the hater of mankind straight to jahanaam.

[@roberthannah7983]

I support your comments, Muslims need to stop blaming banks and interest for their situation and take responsibility. Of course if you borrow too much you will get into financial trouble, just as you would if you buy too much of anything. Borrow prudently within your means and shop for the best deal as you would anything else.