The Secret Wisdom Behind the Prohibition of Riba (interest) in Islam

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Thanks for watching our video: The Secret Wisdom Behind the Prohibition of Riba (interest) in Islam
It's important to understand the wisdom behind the prohibition of Riba in Islam. Here are 10 reasons why Riba is prohibited in Islam:
1- It's an unfair agreement
2- Economic Inequality
3- Social Harmony
4- Money is directed to the most promising projects first
5- Emancipating the slaves
6- Moral and Ethical Development
7- Discourages Speculative Bubbles
8- Encourages Savings and Investments
9- Promotes Transparency and Honesty
10- Economic Stability
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DISCLAIMER
Anything you hear in this video is an opinion. It is not personalized financial advice. Make sure you do your own due diligence before making any investment decisions.

[@DeenMohammad1]

Watching from Riyadh Saudi Arabia.. always informative Jazakallahu khayral jazaa fid dunya wal akheera

[@Nurlan085]

Thank you brother Turkish subtitles

[@MohammadKangani]

great video

[@Mammoottyofficial.]

My dad bought a taxi car using loan he payed of the loan and is happily taking care of easily the family if it weren't for that loan he would be working in some low wage job with which we could hardly do anything

[@user-op8fg3ny3j]

Mashallah, a very good video bro. Sad so many people can't see the wisdom due to being blinded by greed

[@practicalislamicfinance]

Alhamdulillah for Islam.

[@ayblgr3202]

The best and healthy version of socialism. Fairness is happiness

[@DawingmanT900]

This is not socialism. Its just a more ethical capitalism

[@Rachad2317]

Great advise, and always helpful videos that guide us and open our eyes to the critical details.

[@practicalislamicfinance]

Glad it was helpful!

[@Natty718]

👍 Great vid

[@practicalislamicfinance]

Glad you enjoyed

[@mohamedagaty1011]

What are your thoughts on Al Azhar in Egypt and all scholars making it Halal for people to put their savings in bonds and receive fixed interest rates

[@sarfrazalbalooshi5998]

Asalamoalikum, I love to watch ur videos and there is alot to learn , here a question clicked in my mind that... What if a lender agreed to pay money in term of gold instead of cash (local currency), especially in the case of developing countries where currency rate is gradually depreciating against dollar(gold rate). Lender know that the value of gold increases in their country. So is it not burden on browwer or not fall under ribba?

[@lordams1]

What alternative(s) would you provide muslims who want to own a house but are unable to save the full amount of the property to buy it with cash?

[@amalmohamed3065]

Assalam aleikum- I stumbled upon your video on investing in Affirm that was beneficial. Could you give me insights on whether it’s permissible to work for such a company in the finance department?

[@muffin1589]

definitely not, it’s the equivalent of working at a bank from an Islamic perspective

[@abuluqman2155]

Is there any way you can help someone to invest in Islamic way

[@slurpeeee3109]

Salam, what do you think of digital gold trading (XAUUSD)? Is it halal? Really need answers on this because I have made researches but cant seem to find the answer. Considering to start trading it but willing to know whether it is permisable in Islam.

[@abibane6514]

it isnt akhi

[@rabiulrai4924]

if i have fully ownership of an asset than can i do day trading? Plz reply brother

[@practicalislamicfinance]

different topic but there is no minimum time you have to own an asset before you can sell it.

[@rabiulrai4924]

@@practicalislamicfinance brother but some people says day trading is speculation that's why they says It's haram. Than what is the ruling on islam. Plz reply brother i really need this ans

[@Farid202]

@@rabiulrai4924 he has a video on day trading

[@rabiulrai4924]

brother but some people says day trading is speculation that's why they says It's haram. Than what is the ruling on islam. Plz reply brother i really need this ans Plz reply brother i am bagging u 🙏

[@Mammoottyofficial.]

3:00 is very wrong people only help people they know in this way richer people will help their relatives and poorer People will become poorer

[@whotookstitch]

We talk about the prohibition yet we choose to invest in "halal investments" that still have interest-bearing debt, no matter how little. How is this justifyable?

[@practicalislamicfinance]

Our investment is neither a loan nor is it earning interest

[@whotookstitch]

@@practicalislamicfinance Im talking in general about stocks that are deemed halal since they accumulate less than 33% interest bearing debt. Thats still dealing and participating in riba no?

[@Mammoottyofficial.]

Without interest economy collapses 😂😂 the poorer people will become still poorer without a good house, education etc etc also loans give new opportunities for individuals most of the successful entrepreneurs started from taking a loan all the financial development of western and other developed countries is by this method. Housing loans are impossible without loans

[@user-rb9od4ul5x]

IS Webull 5% Cash management of unused cash considered Riba?

[@mohammedilyask2734]

Assalamu alaikum. please post video islamic forex account vantagefx and avatrade provide islamic forex accout. please check and post video brother.