The Islamic Finance Show - Episode 2 'Riba'

[@suleimana.duuble1596]

This was amazing... brief and to the point

[@AhsanHaji]

Mashallah, finally someone who understands Islamic finance and is articulate to explain it in simple language. Harris Wasim spoke well. What’s with the colour of the curtains, strange background.

[@bethetraveller8712]

Extremely informative and superb episode. Sohail Nawaz and Harris Irfan , keep it up guys ! Looking forward to more episodes .

[@sultanmf]

Get you information from Quran snd Hadith my friend if you want to know the truth. Wait till The Imam a.s. comes and destroys their whole bogus system of deception.

[@Mohammed-ej5ix]

Based on Harris’s discussion on the thinking Muslim on Islamic Finance, it seems as though he’s changed his view on Islamic banks, HPPs etc.

[@gomezsamir]

Interest (riba) is any contractual benefit for the lender. The "Islamic" bank is making a profit by selling the house at a higher price, and that's a benefit for the lender. Therefore, that's interest

[@sunset2.00]

twisted logic . interest is not benifit.

[@mohdfarhan5255]

Incorrect. Cash flow due to interest are not know and change through time, hence the cash flow are not clear in the contract, making it oppressive and haram. While Islamic banker will buy the house and rent it or sell it at higher price due to the renting service they provide, and the price in the contract will never change (unlike interest). My car installment for example, never change for 5 years already, fixed in the contract. Im from Malaysia btw and our Islamic banking are pretty syariah compliance. Islamic bank here make profit from trading and loan fee, which is fixed and clear in the contract, unlike interest.

[@n_khanj4962]

Mashallah Allah gaid us for the good and nice economy systom,

[@MD-hx3wf]

Really clear!

[@myspc05]

Concept with a potential to change the entire Global Banking system has 5.5 k views and just 3 comments. Pop singer has 11 million subscribers and 18 million likes for a song. What’s wrong with the world???

[@saeedlover2457]

So true Subxanallah

[@sunset2.00]

most people are sheeps.

[@sunset2.00]

whats my headache is modern currency itself is a problem ? whats the solution for inflatuon?

[@syedmaricar9946]

Do your best without involving riba make your investment wholesome choice tayyib choice of your life.

[@roberthannah7983]

I am glad that Harris Irfan explains around minute 5:00 - 6:00 that the cash flows of the halal and the haram loan can be exactly the same. So why would Allah really care which one you use?

[@xcorpionxyed2078]

He didn't mention exactly the same, he says can look the same, but they aren't the same

[@roberthannah7983]

@@xcorpionxyed2078 listen again at 5:30, Harris Irfan say "cash flows look exactly the same". In any case the Islamic bank is charging for the time value of money like any bank. The difference is the Islamic bank does the purchase and sell-back of the property, while a conventional bank takes a lien on the property. So why would Allah care? Riba was really about financial exploitation of poor illiterate debtors sold into slavery by moneylenders at the time of the prophet.

[@WaseeqASMR]

Is there any chance this series is coming back?

[@adildoloo4619]

"importance" of Riba? You mean Riba is important?

[@AliTunio]

If anyone wants to know about some Serious insight relating to the hot topic of Islamic Finance vs Conventional Finance, Watch this video! In my opinion, the title of the video doesn't do it justice. This video, really goes over a lot of the aspects of Islamic finance, that my content focuses on. Anyone who wants to know about Islamic Banking please watch this video. You won't be disappointed. Harris Irfan. Thank you for the jewels you shared in this video.

[@alonsomoseley8738]

It was too general and hardly anything on riba was discussed.

[@shhuayb]

He has now completely changed his views about islamic banking. I dont know exactly what his motives are behind this but these things just put us in a confusing state.

[@the_DOS]

Where are these sharia compliant lenders getting their money? In the USA they are getting their money from Fannie Mae and Freddie Mac with a interest rate.

[@AndroidAndPCChannel]

There’s nothing like sharia compliant it’s just a way to make money I don’t think interest is haram in islam

[@alonsomoseley8738]

@@AndroidAndPCChannel Interest is prohibited in all its forms in Islam

[@alonsomoseley8738]

@Kalvakuntla Akhilrao Correct. Is there anything I can help with ?

[@roberthannah7983]

@@alonsomoseley8738 Riba is prohibited, and there is lots of colourful debate about what was meant by riba. Modernists dont agree that all interest = riba.

[@alonsomoseley8738]

@k A In the Qur'an it states that all sins can be forgiven through repentance. The key question is can riba be avoided? Can you open a bank account which doesn't have riba? Buying bonds with interest is Haram so why buy in the first place? Forgiveness can be given but to remain sincere you have to take a proactive approach and avoid getting yourself into a situation where riba arises as opposed to not changing your methods and just paying out the riba when it arises. IsA that helps clarify the situation?

[@Lifeofsherzod]

is there someone else watching this in 2024?

[@meeranraees3183]

All world finance investment in the hunder general scientist globally peace in rules regulations of Islamic

[@AliHussain-ei3xo]

15:32 bakkhrain 🤣

[@alonsomoseley8738]

Hardly anything discussed on riba