What is Riba in Islam? Meaning, Definition, Types and Examples | AIMS UK

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In this video, we explain the concept of riba in Islam, its different types and why it is prohibited in Islam. Riba is an unjustified increment in borrowing or lending money, paid in kind or in money above the amount of loan, as a condition imposed by the lender or voluntarily by the borrower. We also explain how riba is different from other forms of interest and how it is applied in the context of Islamic banking and finance. The vlide also explains the types of riba (Riba An Nasiyah and Riba Al Fadl), with examples.
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[@muhammadhafiz4559]

For all muslimin, understand that the current monetary system known as "Fiat money" is driven and only works because of riba. How I wish we islamic nations could perpetuate and come up with an independent asset based monetary system that is halal and doesn't erode the wealth of the people in the long run.

[@jonathano503]

Based and halal moment

[@DestinySyum]

Cryptocurrency

[@awakenthegreatnesswithin]

@@DestinySyum the elite are the ones in charge of crypto

[@roberthannah7983]

Since Paul Volker (early 1980's) , central banks have been pretty successful at controlling inflation. Their target is now about 2% per year. There are arguments among economists about whether 2% or zero % is better, you seem to be in the zero % camp, so make your case to them. In any case, fiat money (which is mostly deposit/electronic based now) is far superior to the wild speculative swings in gold and silver prices.

[@aayesher9400]

@@roberthannah7983 those speculative markets would also not exist in the islamic system. Also when you use something as a target, it ceases to be a metric

[@mumucucu1602]

Thanks so much for the explanation , now I understand about riba...👍🙏

[@shiekhwaleedmiral-protein2819]

All the dislikes are from bankers 😂😂😂😂😂

[@farhanniloy7552]

😂

[@alex-fp6ol]

😂

[@mirzaroshanbaig1449]

@@sillybeans929 yes

[@mirzaroshanbaig1449]

😂

[@mirzaroshanbaig1449]

I don't see any dislikes

[@taha7shaikh]

Thank you so much for this video , greatly presented

[@user-pm6be4ik1y]

Thank you so much for uploading this video! it truly gave me a clear understanding about Riba keep up the good work.

[@mohinkhan1668]

Now I understand about riba and thanks for all videos

[@untitledmixture1531]

That was very helpful and professional 👏

[@user-rj5wb8ru4q]

Please continue uploading videos like this ❤

[@abdullahilkafi5679]

Wonderful illustration!

[@ssengoobashaffic9593]

Okay thanks so much Allah bless you

[@annakhan2015]

Such a great explaination , presentation in this video .

[@antimatter333]

Yes it was a very good video

[@meeranyt8099]

@@antimatter333 I have an doubt, I am using one app it's an earning app.First we should pay 1dollar for opening and every month that app will give you 1dollars! It will come under ribba?

[@antimatter333]

Esports which app is it?

[@meeranyt8099]

@@antimatter333 that app is True or not I don't know but I have an withdraw option is that halal or haram?

[@antimatter333]

Esports is there any risk in the app? As in is there a possibility that you will lose money?

[@ahmedhasabo6647]

Clear explanation, thanks

[@kareemibrahim4011]

JazakaAllah khair

[@meeranyt8099]

I have an doubt, I am using one app it's an earning app.First we should pay 1dollar and every month that app will give you 1dollars! It will come under ribba?

[@trechform]

JazakhAllah khair

[@KINGHeusenGaming]

New subscriber. I want more video like this and apply it to the real world today like stock market, mutual funds, index funds, forex, ETFs, etc.

[@nafisamohammed9064]

Exactly. I always want to hear on what we have in this times.Profit sounds to me as riba.I get confused.

[@nafisamohammed9064]

Insurance too.Policies..

[@h_editzofficial5754]

These are not interests these are not the additional wealth rather the money earned from these sources is due to profit gained by the invested companies.

[@haveaniceday9121]

My lecturer make me come here,learn something today👍

[@ice_man8046]

Thank you so much now I know what to do and not to do 😀

[@cedricmaillet7967]

Excessive growth of something.

[@sadidanisar6136]

Very well explained

[@theutubeman1]

Which type of Riba does a mortgage fall under and why? Thanks!

[@SyedRazaJan]

Also a video on Takaful vs Insurance

[@Mr.Jasaw13]

Riba is basically selling of money which is limited anyway .... it creates money from money and money is supposed to be defined as only a useful tool of transaction, it represents a value and it has no value in its own right. The value that they usually ascribe to it is 'risk and time' but that's such a nonsense if you think about it. Interest literally makes no sense, but we live in world where Kim Kardashian is a popular person and where people globally think that muslims are terrorist and that liberalism is a superior system so yeh ...

[@osamakhattak1560]

Well ..great work..keep it up. Can you tell me which software is used in this video for animation. .thanks

[@_454_]

maybe powerpoint

[@abokorhusseinhassan1025]

First comment. Thanks teacher. From Somaliland.😊

[@4nqallo932]

Abokor Hussein Hassan are Those who working in Somali like dahabshil and other Hawala and banking system 🏦 they are working in the way of halal ??

[@adrianaadnan7704]

This ensure poor to be poorer.n the money guarder or the rich richer.zakat of 2 .5% of stored wealth in savings account.once a year is better. So obviously the poor dont have savings n they dont give zakat but receives.this is minimum compulsory donation annually n to be channelled to orphans n poor blind widows single wives and the destitute. I like this.

[@0mnm]

You like it because it makes sense, as it came from the creator and is still pure in its essence and teachings.. You will find that Islam promotes all that is good and prohibits all that is bad.. I was born Muslim but choose to remain Muslim as it is the only true way of life

[@roberthannah7983]

The problem is in the implementation. Who gets the zakat? You hear stories of zakat money sent to the middle east for jihad.

[@nimramisba]

Correct

[@nayanmolla32]

Didn't understand the part where sell items in exchange of equivalent of the same kind.... Buying and selling in cash as per market value. But, isn't the market value depending on the present fiat -intetest system?

[@CSS_Insights]

It means that futures trading is not riba. It’s the amount given for business and plateform takes it share for that loan

[@smart463]

Non-muslims also bonded to search on islam Islam is a beautiful religion ❤

[@AbidNasim]

Riba (Arabic; ribbit in Hebrew) is Time value of money. Usually defined in pages 1-3 of any undergrad finance textbook. What's all the obfuscation about?

[@nwabobo]

Haha.. yes from a worldly point of view to cater for inflation & risk. However from Shariah point of view those are man made philosophies to justify rip offs, and they have adverse consequences to humanity, opposing to the will of Allah..

[@La_illah_ila_allah2]

Arabic and Hebrew are semitic languages

[@saudpanchi1500]

Sir What About Intraday Trading In Options In Nifty 50 market? Is it halal or haram?

[@11Musaddiq]

trading only options is haram as it amounts to gambling.

[@mdaquib2969]

SubhanAllah

[@iwi127]

Thank you very much for the time and effort to make this video. Unfortunately, I would have appreciated a little more explanation. at 5:17 he says that you should sell cash in the market value etc. So, what does that mean when you've got inflation. Money today is not worth the same as in 10 years. So if I borrow somebody 100 euros and he pays back to me in 10 years the exact same amount of money, he basically stole of me because the value of 100 euros today is maybe 120 euros in 10 years. I don't think the 20 euros more can be considered riba, right?

[@farhansyabibi170]

Thats why you should state when he should return the money. For example i lend you 100 dollars, you agreed to pay back in a week with a guarantee, something of similar value, if you cant do it, i can sell that guarantee, for example for 120 dollars, then give you the 20, 100 for me as the payment. Lending money without guarantee means you should expect people not to pay back. But nevertheless in the afterlife there would be the most just Judge, Allah, who will decide the dispute. Idk what the punishment in the world though, maybe there is, maybe there isnt

[@iwi127]

@@farhansyabibi170 thank you for your effort and your time but that is not exactly what I meant. What I meant is; I borrow you 100 euros in 2022. The inflation rate in one year is 5%. So one would have to get 105 euros back in order for the value to be exact the same. So 100 euro in 2022 is 105 euro in 2023. If you give me back 100 euro in 2023, you took 5 euro of me. Of course for smaller amounts nobody cares but people also loan each other huge amounts for longer periods of time. Money is a medium of exchange, so the value of the money is in how many goods I can buy with it in one year compared to the other. If in the example I gave here above in 2022 I can buy 2 eggs and a bread with the 100 euro, and I lend you the money I still want to be able to buy 2 eggs and 1 bread in 2023 and not only 1 egg and 1 bread.

[@user-rj5wb8ru4q]

Does selling gold in money a form of riba?

[@munawarkhan9425]

One of the scholar i was listening to said selling gold and silver on loan is haram completely.

[@shabeerbulbulia1178]

If a holding bank open islamic section in bank and give it reserve to give loans can it be halal?

[@MsSonu06]

Government taxes like in india.. is it riba?. If we did not pay , it is termed as crime as per gov law..what you suggest..

[@abdelhadi3211]

hello teacher, I work on a website that offers small jobs, sometimes it offers us to keep the job for 10 minutes. it takes a few cents for this service is it riba or not please answer please

[@diassaid5734]

Salam islam

[@mahmudulhasan-wj9ik]

If someone buys government bonds for certain period and receives some interest in exchange of the fixed deposit. Will it be considered as Riba?

[@AIMSEducationUK]

Yes, it is Riba without any Doubt.

[@aaanawaleh]

@Kalvakuntla Akhilrao What you've done in that case is clearly forbidden. But Allah is indeed all Merciful.

[@roberthannah7983]

@@AIMSEducationUK Not by a modernist interpretation, that riba is excessive and exploitive interest.

[@aaanawaleh]

@BigJohn Hansome I think you've misunderstood me brother, haha. What I meant was that it isn't too late to stop and to repent and not to continue sinning. No worries if you didn't realise it.

[@amarmecja8104]

@@AIMSEducationUK the musharakaj method is riba?

[@ikigaidubra1996]

I have a doubt if i have a money and i give it to another person to trade for me and he expect to return the onvestment for me , and if i loss the thats no problem with that but if he gives to me i will share with him is it ribba?

[@officialbismah]

So can I stil get student loan from the goverment? If I pay them back and they ask for more like 5 percent interest are they committing riba? Please reply its very important because Im stressed I dont know how I will be able to go to collage. Different to if I give my friend 20 pounds and she says give me 25 is that riba?

[@AIMSEducationUK]

The Arabic word "Riba" literally means "an addition to" or "excess" over the original amount, and the transaction becomes Haraam.

[@lifematch]

There r a lot of videos about student loans from different fatwas. I suggest u look into it inshallah.

[@mansoorahmednaik9179]

@@AIMSEducationUK so what should I do if I need some money for education, business, personal needs or for buying a house? Who will give us money without having any profit for themselves?

[@imk03]

@@mansoorahmednaik9179 friends, relatives, islamic banks?

[@roberthannah7983]

@@imk03 Nice to have rich friends. The best way to lose a friend is to borrow or lend money and then get into an argument. Islamic banks - they are more expensive that ordinary banks.

[@trechform]

Is trading using leverage permissible, provided it is free of swap and there is no interest?

[@prenom8793]

kzbin.info/door/9X2RcKN4UUsrFolU04iuTQ

[@maestrodaham7079]

The product should be of equal value then. Allah knows best.

[@aaronwarner1949]

Brother if the loan exceed its time limit it is said i have to pay interest meaning riba ???

[@hamzaaslam9130]

Yes interest in any means is called Riba

[@hamzaaslam9130]

If the loan exceed it’s time limit Islam encourage in forgiving the loan ( if you’re wealthy enough and the person who’s in debt has some real reason ) or simply increase the time as in Islam the Farewell prayer of the Muslim can’t be called unless he’s clear from his/her debt. That’s why when the people gather around to pray the farewell prayer ( Namaz-e-Janazah) the heirs of the dead persons make an announcement If anybody owes anything to the dead one please come forward usually people forgive the loan ( As Allah will be happy ) or if anyone ask for it he can’t be denied.

[@niddakhan1405]

Wow, this video is just precise and perfect very good

[@sharifajahan8317]

When money invested in any Industry that they invested their business and give back with excess money, is it also Riba?

[@Mo.Ali.2010]

Pls clarification? In the first minute from [0:35-0:56 seconds] I broke down your example into 3-parts as follows (1) ......."A person lends some money to another person and asked the debter to pay it back together with an agreed additional sum of money within fixed period, .i.e.a rate of interest was fixed for specific period........(2) ......And if the principal along the interest was not paid in that period, the rate of interest was enhanced for the extended period, and so on.....(3)......This enhanced or additional amount is RIBBA" My Question: Is the ribba, to agree to pay it back together with an agreed sum of money within the fixed period of time..........OR ..... is it, the enhancement of Interest for the extended period....or in BOTH CASES ? Pls clarification?

[@birdbot5897]

Both cases are RIBA

[@abdullahiabdi1332]

The inhancement of interest for the extended period

[@mouradqqch1767]

@@birdbot5897 are you saying that selling merchandise that I bought at a lower price is riba?

[@birdbot5897]

@@mouradqqch1767 There is a difference between buying and lending, If you're buying but paying later with interest that's a lending with interests.

[@FatimaAminFood]

Good 👍💞💞💞❤️🇵🇰

[@AbdulRehman-jn6we]

so interest itself is not haram. The "penalty fee" one faces for not paying back EMI is "Riba". Am I right ? Isn't the penalty fees also a agreed upon condition before one takes the loan ??

[@AbdulRehman-jn6we]

@Marifin - But why. I haven't found one convincing reason why taking loans from banks is haram...

[@mirabbosusmonov5631]

Assalamu alaikum, can you please clarify your first example. If a person lends money to another person, on a condition to return that money within a specific period and + some % back on top of the money lent, does this count as riba? Or is it when the debtor has to pay extra money because he/she failed to repay the lent money + % agreed? Please clarify

[@haruyanto8085]

Anything extra that the borrower gained from the original borrowed amount is considered riba

[@aminurrahman2390]

@@haruyanto8085 so if you buy a bag of rice, which worth $20 in wholesale price. And you sell that bag of rice for $25 to your local people, this $5 consider as riba? As he is getting extra out of the same bag of rice??

[@simonitch1]

@@aminurrahman2390 this example involves buying an selling. Where risk(rice going bad or stolen) is involved. Also value is added since the rice must have travelled to the local people. Riba gives guaranteed worldly gains, while buying and selling has risk/profit/loss.

[@hasnatshah2425]

And if bank loan intrust rate is fix eg 5 percent is it ok to take it.

[@AIMSEducationUK]

Of course it is not. This is actually what riba is: "Guaranteed and Fixed Profit".

[@moaadtaufik3152]

In conventional debt, the lender loses if the debtor loses. this is the concept of default. If I borrow 1 million from a bank and they charge me 5% interest, if I don't make any money neither do they. I will simply default on the loan, tell the bank they have lost money and walk away. EVEN if I have 10 million in my other account I don't need to pay the back

[@truthseeker7183]

You're a thief and a cancer to your community then.

[@BruceWayne-7]

What about affiliate links for a product

[@ahmdjoiya]

Not Riba. Someone is paying you to help you increase their profits and business, not Riba. You provide a service(promoting their product), they give you a price for it

[@abdullahz.8134]

Trading gold, silver, curencies or oil on Forex market is it riba?

[@MediaUmum2019]

Yes

[@MediaUmum2019]

Well if you wrong position you lose your money and you lose you stuff ITS trading ? Where you stuff after you buy? Back to real gold my friend this money papper Will fall down now you need to be prepare

[@enayasareen8467]

In our country the bank doesn't give loan without interest.......What should I do?

[@mhladen2157]

Don't take or hijra or look for islamic banks

[@liquid_brew2110]

One question as a student who may need a loan for school would that be considered haram?

[@Bahzhsjenbs]

As long as there is no interest then its halal, InsyaAllah

[@biplobmomin6172]

Which software have you used????

[@wajahatkhalid290]

The Quranic Verses you added. . .are these from Mishray Al aFasi.

[@uzeir7082]

Yes

[@manofculture156]

if equivalent is the factor ... ex: i lend 10$ on person who need for 10 years so when he give me back 10$ after 10 years did money is equal after 10 years ? i still confuse about it because the money we use is deferent from the era of prophet mohammed saw ... if riba is ban from dinar and dirham maybe its ok but what about money we using now ? the value of the money is always changing

[@turbocharge2512]

As per Islam It’s better to give that $10 as charity to the needy person in this case !

[@yaseminsaroglu1034]

So if you get a loan from the bank and you had to pay interest for the loan is it the bank that’s committing the sin or is it both of us

[@AIMSEducationUK]

Both, lender and borrower are sinner, and even the bank employees processing the transactions. In a Hadith of Prophet Mohammed (Peace Be Upon Him), reported by Hazrat by Harat Jabir (Radi Allahu Anhu): The Prophet may curse the receiver and the payer of interest, the one who records it and the two witnesses to the transaction and said: “They are all alike [in guilt].” References: 1. Muslim, Kitab al-Masaqat, Bab la’ni akili al-riba wa mukilil; 2. Tirmidhi, and, 3. Musnad Ahmad.

[@jonespk9475]

@@AIMSEducationUK Is it a sin to work in financial institute

[@epifaniature7178]

So basically I cannot ask for interest if someone borrow me money ???

[@thepeaceandjusticeoffice4205]

👏👏✋

[@shaaflodi9954]

So if I understood right riba is taking extra money like example I pay 10 dollars exchange and I ask you to give me 11 you can’t you have to give me 10 in change back

[@mmmmmm-bv8jg]

trading is bad? when u give some1 something and they give u something back?

[@hiraraloo]

assalamu alaikum Dr. Zakir Nayek. I see your videos regularly and try to obey as much as possible. Sir I am Rajjak Mandal from India.An investor of stock market.I also buy intraday and option contract in nifty 50 & banknifty (index of indian stock market).I am a practicing muslim and try to find halal and obey shariah guideline as much as possible. Is it permissible to buy Nifty 50 & Banknifty option contract as shariah guideline.I see several videos on KZbin but not getting any conclusion. I desperately want to know from you that is it permissible or not ?

[@vanaziz5995]

So youre saying borrowing money for a fee is okay until you pay interest in the money your borrowed? That original fee for borrowing the money was not riba?

[@shabeerbulbulia1178]

As Salam walaikum wwb Why is Islamic bank more expensive than commercial bank If you take house loans?

[@BigTyrone]

because with "regular" banks, you need to pay extra interest, because this is haram, prices must be higher, but there's no interest in the end

[@yasinozkan]

@@BigTyrone Its the same thing lol. Its even worse, ur paying more then u should.

[@BigTyrone]

@@yasinozkan exactly, but some people think that the interest is "gone" while it really isn't

[@penjualkarya4559]

Waalaikumussalam, In Islamic Bank concept , they actually buy the house for you and sell it back to you with the agree price after complete certain period. Let say 30 years. For example if you buy today cash 100000 but you don't have enough money to buy in cash. You meet Islamic Bank and they willing to buy it for you, and sell back to you after calculate their profit and risk. You know how much you will pay for the house in 30 years.If you found it too expensive , you can negotiate with the Islamic Bank to lower the price that reasonable to both of you before signing the agreement. Islamic Bank only can sell the house that already complete by developer to protect customer right.

[@roberthannah7983]

They have to pay sharia board advisors.

[@md.zia-ul-haque2015]

When and under what circumstances riba or interest was declared haram in Holy Quran? Was there any system to deposit money in Govt organisation or BaituMal on interest? Please give reply. Is it a fact that there was no system to give/deposit in Baitul Mal or Govr Organisation on interest?

[@nox1772]

Brother, theres no exceptions. Shit is shit. A little bit or a lot, you wont eat it. If it underwent refining, and found its way into your food, when told about it, youd vomit your food. The harsh reality is, in this day and age, a true muslim must pursue a humble life. It's very difficult to become wealthy without riba. Maybe possible, but very difficult to start from scratch. All professionl loans, stocks, commodities, etc are forbidden. From Jabir : The Prophet, , may cursed the receiver and the payer of interest, the one who records it and the two witnesses to the transaction and said: "They are all alike [in guilt]." (Muslim, Kitab al-Musaqat, Bab la'ni akili al-riba wa mu'kilihi; also in Tirmidhi and Musnad Ahmad)

[@nox1772]

Back then, since the currency was gold, such deposits were permissable. Todays currency is not permissable by islamic perspective (which is dictated by Allah) Any investment must be made to an organization which isn't incorporated with any interest related functioms or practices. If you invest in riba, it is riba. Its hard on the nefs, good luck.

[@roberthannah7983]

@@nox1772 You just make a series of assertions. No one uses gold for money anymore.

[@nox1772]

@@roberthannah7983 thats exactly the point..? Bruh, listen. That quran thumper, with a boojie looking abayya, nice long beard who goes around teaching the sharia, but is equipped with that nice shiny amex plat card, can quite simply, and with all disrespect intended, take his hypocricy and shove it up somewhere relevant. You can very well survive without credit. You cannot enjoy luxury without credit. Everyone that says EVERYONE USES IT, its everywhere, you cant live without it, you're all hypocrites. People just dont know how serious it is. All the millions that died from 1900-2020 at the hands of the tyrant; how do you think the operations were funded? The hypocrisy is nausiating, disgusting.

[@peaceisbest6096]

@@nox1772 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. What should i do?

[@meeranyt8099]

I have an doubt, I am using one app it's an earning app.First we should pay 1dollar and every month that app will give you 1dollars! It will come under ribba?

[@furqanshakeel1888]

First tell me name of this app

[@meeranyt8099]

@@furqanshakeel1888 macaw digit app

[@tesoufgc]

So buying a house with a mortgage is it haram? We need to put inflation into account, don't we? Is it riba if the interest is less than the inflation rate?

[@mrbacker5780]

If they increase price for time still it's RIBA

[@tesoufgc]

@@mrbacker5780 Thanks for your response. Yes, I understand the principle of Riba but my question is much deeper, we are not using gold and silver as currency anymore, the dollar or pound or any type of currency fluctuates through time. If I give you 10$ now and you give me 10$ in 10 years (no riba) I'm technically losing money. since what I can buy for 10$ now is greater than what I can buy for 10$ in 10 years. I'm just trying to understand that part.

[@mrbacker5780]

Flouss we can't give reasons like even gold and silver used to fluctuate earlier

[@mrbacker5780]

Flouss giving credit is an act of kindness not earning money. Once if you have decided with a price. Later its about payment cash or credit. If you can't afford to trust a believer by giving credit better don't give read surah baqarah 2:275-280 verses

[@tesoufgc]

@@mrbacker5780 Hmmm ... good point, you are right, lending money should be an act of kindness, didn't think of it that way. Thanks for the insight

[@nabil9615]

What about for example I buy a bicycle for 30$ and sell it for 45$ which is 15 dollars in profit, is that haram?

[@AIMSEducationUK]

No, it is a General Business Transaction and it is Halal.

[@nabil9615]

Thank you so much

[@jessepinkman485]

That's trade and it is halal Those who devour usury will not stand except as stand one whom the Evil one by his touch Hath driven to madness. That is because they say: "Trade is like usury," but Allah hath permitted trade and forbidden usury.

[@engahkankohkonneh4788]

What about doing business? For example buy something $5 and sell is $10? Is it haram?

[@AIMSEducationUK]

No. It is not riba, but trade.

[@aliakhan6840]

There are such offers as we create a bank account and put particular amount of money and after a specific period of time they increase that money in our account is that halal?

[@AIMSEducationUK]

As far as Islamic Banks are concerned, they invest your money in Halal business ventures. So the profits are halal, as long as they are following Shariah Compliant procedures.

[@aminurrahman2390]

@@AIMSEducationUK they’re making profit by investing, isn’t it RIBA? Pls clarify, I’m trying to understand.

[@adrianaadnan7704]

More for loan n banking right? I know so little of this.

[@ranggasyailendra6492]

Basically a loan that will give benefit to loaner. There's a lot more than loan and bank

[@syedghazanfarali1923]

What about Mutual Funds ?

[@mrbacker5780]

Installment prices in Islamic business practice in modern days is clearly RIBA. Highest of Ribas

[@AIMSEducationUK]

Hello Banker Time value is money is the major factor that needs to be considered. The price may be different for cash payment and installment payment and it is not Riba. However, the cash or installment price must be fixed at the time of finalizing the deal. The transaction becomes Riba only if the price changes with perioud of time. For example, if seller say that the price will increase at the rate of 1% per week, if you delay the payment.

[@mrbacker5780]

AIMS Education, UK there is no clear evidence for this. A muslim can't sell time it's RIBA. Already people calculated for time then saying it's not riba is absolutely hypocrisy

[@mrbacker5780]

Installment prices should not differ from cash price if so then it's RIBA people with disease in heart will take advantage using in the name of religion

[@roberthannah7983]

@@AIMSEducationUK The ideas that interest can be charged on a deferred sale of a commodity but not on money is a debatable construction of scholars. There is no discussion of time value in fundamental sources. The modernist view, which makes much more sense, is that riba was about financial exploitation -excessive interest, and the progressive impoverishment and slavery of debtors at the time of the prophet.

[@maestrodaham7079]

@@mrbacker5780 for example I lent someone a sum of money let say £500 and the period we agreed upon is 5 years, with no interest rate whatsoever in those period. Then after the 5 years the value of money has probably changed which is a factor to be considered as well. Given this factor of value of money if the borrower pays me the exact £500 isn't that unfair to me?

[@maryamjn-marie5102]

I have close to 10k in my bank. The bank added money to my 10k without my consent, is this considered intrest?. The bank invested my money and gave the exsess money back to me from my money. Im worried if this is intrest.

[@hassan4117]

NO one would give loan without interest in modern world...and why should they??? money gets devalued over time and also that money can be invested in other projects which one is asked for Loan without interest so I dont think economy can function like this as many people need loans in difficult situations

[@Enigma_Vids]

So if I am the one getting charged interest it’s not haram? Only the person charging the interest is committing haram? Please someone answer

[@mehwishkabeerahmed6992]

No there is a Hadith According to which everyone involved in taking, giving or recording the riba is a sinner

[@12J03]

I’m curious, are you allowed to take interest in order to be given purely for Zakat? Or is it even more haram because you are donating haram money?

[@samranisar3919]

Interest is haram How can we use that money to give zakat ..

[@DutchPlanDerLindeFromTahiti]

That's like definitely Haram

[@betterhealth1651]

Hi....Is it okay for an islamic bank to ask for $100000 in order to open an account with them to be able to borrow 230 million dollars ? Is it a scam? Please let me know. Thank you

[@mohsinchopra9238]

What if we make fixed deposit in non islamic bank and in return paid 5% interest for fixed term.

[@meeranyt8099]

I have an doubt, I am using one app it's an earning app.First we should pay 1dollar and every month that app will give you 1dollars! It will come under ribba?

[@peaceisbest6096]

same question brother.. you got the answer?

[@meeranyt8099]

@@peaceisbest6096 no brother!

[@oishi7992]

@@meeranyt8099 If the profit is fixed in the app, then yes, riba. Cz if the app faces loss in business, still it will have to pay u.

[@HAMINBUDI]

Why if you so poor and thats the only way to feed you and to pay financial ?it's valid or not because I'm curious

[@KINGHeusenGaming]

If I buy a house or car thru loan from a bank and pay my monthly mortgage, is it haram?

[@nabil5658]

If you pay interest it’s haram

[@yes7878]

If u pay more than u took, yes

[@KINGHeusenGaming]

This is inevitable to the non muslim countries. Most of the loans pay with interest

[@aminurrahman2390]

Bank is lending money for profit, isn’t it? Why would bank lend money without profit? Then how would they survive?? Bank is buying car on your behalf and giving you option to pay in fixed number of payments over number of years, in returns bank is getting fixed % of profit out of this transaction. The value of money(papers) is changing everyday. If you say, you’d pay only the amount you borrowed 5 years ago, don’t you think this is unfair for the person or organization investing on your car?? Please share your view and thoughts on this. I’m trying to learn…

[@md.sam20]

What is the name of the reciter of Quran?

[@AIMSEducationUK]

Shaikh Mishary bin Rashid Alafasy

[@nahlabinthmohammed7289]

Is it possible to live without riba in current economic situation?

[@AIMSEducationUK]

Yes of-course it is possible. You simply choose non-interest based financial options. It could be hard, but not impossible.

[@saraqostahterra4548]

@@AIMSEducationUK How...? For example: how is it possible to buy a house without getting a loan from the bank? You could say that I should live with my parents for a certain amount of years and just save money. But the rate of the amount of money you can get from saving in comparison to the rate of the prices of homes going up is too slow. By the time you actually saved 100.000 euros for example, homes will cost double that. Could you than explain pls how you can live without riba in today's economical situation? And yes, I'm willing to have a cheap life in my younger years so I can have a comfortable riba free life in my a-bit-older years.

[@sahir2090]

@@saraqostahterra4548 with the help of islamic banking, the option is available. that an islamic bank will give you loan for example building a house. then they will charge the rent every month until you pay all the installment. and with each month you pay the installment the ration between your ownership and the rent will change (decrease)

[@mckg2385]

@@AIMSEducationUK Good luck with that

[@dzjavat]

@@sahir2090 that is a ripp opp, those clowns deserve to be hanged

[@mahak492]

Brother, you might want to add Variable vs Fixed interest loans. Many Shaikhs say if you take a fixed interest loan without missing any payments is Halal

[@AIMSEducationUK]

Interest is Haram in any form.

[@mahak492]

@@AIMSEducationUK Brother, i tend to disagree for several reasons. Its a very sensitive topic and a lot of gray area around the subject. I do not encourage anyone to take a loan, however, I'm also educating my self and always putting forth logical questions regarding the subject so we can understand why and why not. One thing i learned is that the word riba and interest are not the same. We cannot combine them in to the same category because its not about the word, its about how it behaves. Variable is definitely riba, fixed on the other hand, the interest is fix (profit). If the loan is a secure debt, the ownership of the property belongs to the person financing the property, if you don't incur any kind of extra cost. Then this concept is very similar to islamic financing. Im open for opinions brother so please comment so we can share our ideas.

[@mouradqqch1767]

@@AIMSEducationUK itaqiLlah before saying such things. Maybe you're wrong and you made something haram.

[@maestrodaham7079]

No! The moment you pay in excess of the amount you borrowed that is interest .

[@mahak492]

@@maestrodaham7079 agreed, if you pay above the agreed amount

[@saadnadeem19200]

Sir what about Auditing banks is it halal or haram?

[@AIMSEducationUK]

If you are Auditing a conventional bank, you must be calculating Riba, which is clearly declared as Haraam by Allah and Prophet Mohammed (Peace Be Upon Him)

[@saadnadeem19200]

@@AIMSEducationUK And what about companies because they also have Bank accounts

[@AIMSEducationUK]

@@saadnadeem19200 same rules apply to all, either it is individual or a company. Investing in and taking benefit from Riba based institutions are also haram.

[@roberthannah7983]

Neither banks or the profession of auditing existed at the time of the prophet. It is futile to try to deduce an opinion. Use common sense. A business institution in a position of trust like a bank must be reviewed and its books confirmed by an independent professional .

[@ndeyediaw468]

So, I need help. If I am to start of business, and I buy a product and sell it for a higher price. Is that considered Riba?

[@dzjavat]

No that pricing is based on risk, as long as it is reasonable price.

[@ndeyediaw468]

@@dzjavat thank you

[@zak7269]

No

[@ns.hidayat]

no. it's permitted

[@nextleveleveryday7535]

1:21 simple reason Rina creates inequality and promote capitalism

[@jayre872]

U gave very vague explanation, u didn’t mention other ayats regarding riba

[@mmmmmm-bv8jg]

5:22 my mom got books that were on sale and selled them later using the original price is that riba?

[@sehmusyldz4421]

No don't riba

[@mmmmmm-bv8jg]

@@sehmusyldz4421 what ur trying to say is that it's not riba?

[@ahmdjoiya]

No it is not riba at all. She just made a profit on the sale of a good. That's all.

[@aminurrahman2390]

@@ahmdjoiya what if a bank buy a car from the dealership with $1000, and sell it to you for $1500,also you have the option to pay it off in 20 months, would you consider this RIBA or no RIBA??

[@gemorp8506]

​@@aminurrahman2390no if you exactly pay 1500 in 20 month

[@amarmecja8104]

The musharakah is riba ?

[@TheRealguy4]

1) if i barrow $100 and i agree to pay $110 in 2 years period. i do not take more time or not paying any additional 2) if i borrow $100 and i agree to pay $110 in 2 years period. but i do not payed of this period and taking more time and paying additional amount (Eg $120) both are Riba or the 2) is only Riba?

[@AIMSEducationUK]

Both above conditions are Haram and Riba based. Because you are charging additional cash against the cash. And Time Value of Money on Money is also involved. However, if you are buying "asset" (not money) on deferred payment, it is Halal. For example, spot price of a chair is $100. You agree to pay $110 for the chair, in 2 years. OR $120 in three years, it is Halal. But once the price is agreed, it cannot be changed with time.

[@sabeeraimran9459]

Can car be count as asset??? Plzz reply

[@TheRealguy4]

@@AIMSEducationUK JASAKALLAHU KAIR,

[@shayan-wasim]

@@AIMSEducationUK Isn't this just backdoor riba? For example, the market value of the chair is $100. If you agree to pay $110 in 2 years, the $10 is just riba. The difference is it's just agreed upon upfront. The deferred payments has the time value associated, it's just upfront (hence calling it backdoor riba). It wouldn't be riba if the chair was agreed upon to be sold for $100 upfront (market value) and you have 2 year to pay back the $100. The seller and buyer are both aware of the chair's market price, yet due to the buyer not having the money and needing the time to pay for it, they agree for +$10 upfront, hence having the time aspect for it. Very hidden, be careful.

[@maestrodaham7079]

@@shayan-wasim the basic point you are missing is, you cannot charge additional cash on cash ,this is what is forbidden...but for an asset yes.

[@jhafiz90]

X, Y, Z lives in a neighborhoods. X fell sick / affected by an accident/ in poverty/unemployed , Y offered help with condition (interest) and Z offered help without condition ( no interest , only principle and in case if X cannot return principle , Z says its ok I will forgive u for the sake of God if u cannot return principle as well) then who is God's favorite person between Y and Z ?Will God be happy with Y for putting condition for helping someone sick / affected by an accident/ in poverty/unemployed ? Isn't God who made Y capable of helping others ? Will Y not be answerable one day ?

[@maestrodaham7079]

Z is more honoured at the sight of Allah than Y, reason being Y has endulged in something that Allah has forbidden and from a logic pont of view you can see Y is inhuman and exploiting from poor person.

[@jackhammer91]

Riba should be ONLY for interest above inflation. I receive interest from bank at 3% when inflation has been 5%. I am actually losing purchasing power of my money. Essentially, i am charging 3% from bank and still losing purchasing power of my saving. Think of it this way: I loan to the bank $100 today which buys 1 kg of sugar at today's price. In one year, the same 1 kg of sugar will cost $105 due to 5% inflation, yet I am getting only $103 from the bank a year from now which means i cannot even afford to buy 1 kg of sugar a year from now. So, how is getting 3% considered a Riba when inflation is at least 5% or more?

[@Hadijjah123.]

I have a question, if someone's needs a lone from the Bank or a fellow person, and he tells me to help him with like My Land tittle such that they give him money, then after paying that money he brings back my tittle, do I also be counted on his sin????

[@AIMSEducationUK]

You seems to be talking about "Rahn", which is not loan, but a kind of guarantee. "Rahn" is an arrangement whereby a valuable asset is placed (for example land in your case), is placed as a collateral for a debt. The collateral may be disposed off in the event of a default.

[@zaidzan1273]

Imagine I am buying a Phone with my Credit Card on EMI and bank charges interest so Is it haram?

[@maestrodaham7079]

Why don't you buy the phone when you have the cash for it. Coz if you buy on credit chances are that they charge more than when you have the cash so basically it's Riba.

[@maxkramer7626]

There is an company called omegapro you invest money and waite 7 months to double your money i dont do it because i dont know if it is halal or haram can Someone help me who knows te company

[@syedmaricar9946]

Riba (interest rates)are not necessary like food ,and air.