HomeОбразованиеRelated VideosMore From: koekiedow

The Great deception - "Islamic Banking"! Muslims *MUST SEE*

750 ratings | 113031 views
Shaykh Imran Hosein
Html code for embedding videos on your blog
Text Comments (220)
Aymen Yaseen (7 days ago)
So what the fuck should we do?
Robert Hannah (9 days ago)
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. the speaker is quite right to say that Islamic banks just camouflage interest.
Mourad (19 days ago)
What about Musharaka or Murabaha that many Islamic banks do and follow with buying a car or house, it sounds legit and clear as a partnership. This was my last hope and now I am really confused and don't know who to believe or trust.
MD RAFIQUL ISLAM (1 month ago)
Cash transaction is quite impossible today, especially in international business. And without banking and finance business and transaction are so difficult and even nightmare. So, Islamic banking is urgent. Is there any alternative for this?
nasir hussain (1 month ago)
may be you know the japanies people make cash transaction even though they buy home and car ect japan is a big economy of the world the toyota auto company didnt kept money in bank the toyota didnt lend and owed money from bank. may be will become possible if we try to implement islamic finance
helena russel (1 month ago)
bloody stupid.. just get out of this medieval cult that is not compatible with logic and reason..
Ray Adams (1 month ago)
The shiekh doesn’t have to give alternative. He has to state the facts period.
Mahbub Al Islam (1 month ago)
Give a Solution. Suppose i want to do a business and i need fund. Who will give me Loan (Bank or other person) without any benefit of their own? Come to point and answer this. Please explain more and with reference. Explain murabaha more. The thing is what is the solution if i want to borrow money ? Why would someone give me money if there is no benefit for them?
Alejandro Sudiro (1 month ago)
So how many % of muslims will enter hell? (I know for a kuffar it’s 100% chance)
Gazzali Maidin (2 months ago)
What is this " Shaik" talking about bros? He says in Islam we must deal with cash alone! This is a very constrictive interpretation of the Scripture! He cited a hadith which says on the punishment of "Riba". He did not explain the Quranic or hadith conceot of " Riba". I propose the following hadith. The experts here can correct me:  Hadith حَدَّثَنَا عَلِيُّ بْنُ عَبْدِ اللَّهِ، حَدَّثَنَا الضَّحَّاكُ بْنُ مَخْلَدٍ، حَدَّثَنَا ابْنُ جُرَيْجٍ، قَالَ أَخْبَرَنِي عَمْرُو بْنُ دِينَارٍ، أَنَّ أَبَا صَالِحٍ الزَّيَّاتَ، أَخْبَرَهُ أَنَّهُ، سَمِعَ أَبَا سَعِيدٍ الْخُدْرِيَّ ـ رضى الله عنه ـ يَقُولُ الدِّينَارُ بِالدِّينَارِ، وَالدِّرْهَمُ بِالدِّرْهَمِ‏.‏ فَقُلْتُ لَهُ فَإِنَّ ابْنَ عَبَّاسٍ لاَ يَقُولُهُ‏.‏ فَقَالَ أَبُو سَعِيدٍ سَأَلْتُهُ فَقُلْتُ سَمِعْتَهُ مِنَ النَّبِيِّ، صلى الله عليه وسلم، أَوْ وَجَدْتَهُ فِي كِتَابِ اللَّهِ قَالَ كُلُّ ذَلِكَ لاَ أَقُولُ، وَأَنْتُمْ أَعْلَمُ بِرَسُولِ اللَّهِ صلى الله عليه وسلم مِنِّي، وَلَكِنَّنِي أَخْبَرَنِي أُسَامَةُ أَنَّ النَّبِيَّ صلى الله عليه وسلم قَالَ ‏ ‏ لاَ رِبًا إِلاَّ فِي النَّسِيئَةِ ‏" ‏‏‏ Narrated Abu Salih Az-Zaiyat: I heard Abu Sa`id Al-Khudri saying, "The selling of a Dinar for a Dinar, and a Dirham for a Dirham (is permissible)." I said to him, "Ibn `Abbas does not say the same." Abu Sa`id replied, "I asked Ibn `Abbas whether he had heard it from the Prophet (ﷺ) s or seen it in the Holy Book. Ibn `Abbas replied, "I do not claim that, and you know Allah's Messenger (ﷺ) better than I, but Usama informed me that the Prophet had said, 'There is no Riba (in money exchange) except when it is not done from hand to hand (i.e. when there is delay in payment).' " Sahih al-Bukhari 2178, 2179 In-book : Book 34, Hadith 128 USC-MSA web (English) : Vol. 3, Book 34, Hadith 386  (deprecated)  'There is no Riba (in money exchange) except when it is not done from hand to hand (i.e. when there is delay in payment).' What the Al Quran says about this? 2: 275 to 280 My understanding as follows: a.Trade is permissible is not the same as"riba" b. Allah condemns "riba" grants growth to charity c. Allah promotes you to pray and be charitable c. Give up what is left from " riba" 280 reveals the true meaning of "riba". It says.. "If the person is facing insolvency, then you shall wait until he becomes able. And if you relinquish it as a charity it is better for you if only you knew." Riba is increase in your gain "profit" of lending your money and getting a profit out of it above your capital! " then you shall wait until he becomes able" is time factor! In 2: 279 : "but if you repent, then you will have back your principal money, you will not be wronged nor will you wrong." Meaning, you do not trade your money أَمْوَالِكُمْ Therefore, Islam is not proposing cash payment! Monthly payment is proposed in the above hadith and in 2:280. But, you cannot lend cash money and getting a profit out of it. Riba is direct. No money given and getting profit out of it. If there is a property purchase involved in it, InshAllah if the property appreciates i think its a win win situation. The word ربح- profit or gain sounds very different from "Riba". My 2 cents worth of clarification.
Adam Izeb (4 days ago)
Muslim prayers
Kaname Fujiwara (2 months ago)
Credit transactions are not the norm yet it is allowed because the Prophet performs it. What is market price? It may have been easy with a small market in a specific location but when the market spans the entire world and your client can be anyone - what is market price is less clear. if market price is cash price - how do put a definite since different people can pay different amount because they have different cash. And Umar ask the man to get out of the market - does that mean that it was legitimate if he sells his good outside of that specific market? Time equals money. Earning money trough time is riba. True. But. But, the transaction in question while a credit transaction is legitimate because it is in exchange of goods and services for monetary value. This is not an exchange of cash for cash. It is an exchange of an item for cash. The bank makes an offer. You accept it. But what's wrong with that? Yes one normally would purchase a less expensive house and yes part of the reason for making that is due to line of credit but that line of credit itself is halal because the Prophet himself performs loans. And don't forget that since the value of money itself is depreciating - a $400,000 receive 20 years later may be less than $100,000 today. And unlike conventional banking - you can't raise interest payment. It is fix. You pay $400,000 - no more no less. That is the ideal. Allah has banned riba but he has allowed the buying and selling of goods. This is true.
Mr. Gardevoir (2 months ago)
So this question me if your goods almost expired/unusable/half broken/etc can we reduce the price so we can at least get a modal out of it?!
abdulbowhunter (2 months ago)
The zionist will not rest until everyone is a stuck in the riba trap, for the people commenting and saying , “whats the options” you need to understand this is a dajjal system, run and managed by the dajjal. THE ONLY OPTION IS RIBA. Some muslims will try their best to decrease how much of riba affects their life and some will do a better job then others. The prophet SAW said “ in the dajjal time the dust of riba will affect all”. We need clean intentions and need to try our best as an ummah to educate ourselves about weakening the dajjal system and trying to improve a more option orientated system.
RUHappyATM (2 months ago)
Yes, I agree. The great deception.
Mohamed al Yahudi (2 months ago)
He must have got his economics degree from a madrassa.
Mustapha Haidar (3 months ago)
This is the true Islamic scholar. Powerful intellect.
HOW BANKS CHEAT YOU AND ISLAMIC BANKS DON'T https://www.youtube.com/watch?v=rOCaPAUltjU
Mikail Abdul-Karim (3 months ago)
Asalaamu alaikum wa rahmahtulahi wa barakatahu. Allah knows best. Being honest with ourselves is the best option. Questioning everything we do will serve us well in this life and the hereafter Insha'Allah. Let's ask ourselves how the Messenger of Allah SAWS lived as well as his companions R.A? Why do we grow our beards, eat with our right hand, pray Witr, and many other things that Rasululah SAWS practiced then why don't we consider how his dwelling was? Are we better than him? If he for example lived in a 10x10 dwelling that is a 100sq ft, yes? Then we NEED 2300sq ft to leave in this world? No these are wants not needs. 300sq ft tiny house is $20000-30000 or less. An acre of land in some states are $5000 or less. Do the math that's a $1000 a month for three years of savings. No loan no debt no riba but definitely less than American and world wide dream. What excuse will present to Allah SWT on the day of judgement? Why are we not willing to make any sacrifices to get to Jannah. I think a tent would be more suitable that war from Allah SWT and his messenger SAWS.
Faddli Syamsul (1 month ago)
Subhanallah, i like your view.
X152535 (4 months ago)
I don't think the interest we pay today is the same interest that was outlawed by Islam.
Ibourahim Cisse (4 months ago)
Alhamdulillah rabil allah min
Badiria Jarso (4 months ago)
Oh did you say famous mated to hide rbi. Masha Allha honest.
The Link (5 months ago)
Bankers are greedy end of story
Live from Legendland HI (5 months ago)
If only all the Muslim countries were united as allies like the western countries are, they wouldn't be the laughing stock of Europe and America.
kh4liqi (5 months ago)
The good sheikh imran tells the truth but its hard to swallow for most peopl but he's done what was compulsory on him as a sheikh, the rest is up to you decide the path u wish to take.....
duha falah yasin (5 months ago)
This guy is a permotting miss leading muslim polacies of the jews
Muhammad Faeq (6 months ago)
Sorry Shaikh! You haven't understood the procesures and products which were specially developed by Pakistan Muftis which have no parallel and competitors all over the world. There must be a valid reason to neglect any Shariah Product . The reason (illat) you have declared is not a valid reason at all because Prophet P.b.u.h. told us other ways to avoid Riba in the famous hadis in which a Sahabi R.A. trade dates. So please ; I can challenge anybody who have any doubt regarding ISLAMIC Banking And Finance to answer precisely ...
Mosin Inamdar (7 months ago)
.j.,
vikram solestealer (7 months ago)
Read Koran plzzzzzzzzzzzz
Karima Williams (7 months ago)
I m getting out of the banking system ya Allah help me. Pray for me please
Mourad (19 days ago)
+Outlaw.44 The saving accounts in any conventional bank are based on Riba so stay away from those saving accounts and run faraway, always use checking accounts. Now another example is the issue with the money back cash or reward that some credit cards and checking accounts give you, those are Haram also according to many scholars because they are based on a guaranteed percentage (1.5% or 2%...etc) which is considered to be Riba even though you may think of it as an incentive or discount. Another example is buying a house or car using a bank loan, this is obviously Haram from a conventional bank because they charge you interest on the money you borrowed. But the issue is that there are some scholars who say that even using an Islamic bank for buying a house or car is Haram because they are just calling it musharaka or murabaha while it is just Riba transaction, I am really struggling with this last one because it was the only hope I have and now I am not even sure about those banks as many scholars say.
Outlaw.44 (1 month ago)
Gazzali Maidin Assalam alaikum, I was hoping an Arabic bro/sis could inform/clarify for me. Im still kinda confused from your response, I hope you won't mind clarifying for me again: I had read somewhere that riba means 'excess' interest. Does it actually mean ANY amount of interest or just excess? If it really mean 'excess' interest than I am assuming, something like ~20% banks charging int on cr cards would be considered riba and if a person receives like .01% returns on his accounts savings than that cannot be considered riba because its not excess amount (percentage precisely regardless the amount). And also, if I am not mistaken, the banks use the money from one's savings acc, and generate profit from it. The savings account interest is basically they sharing with you a part of that profit, but on a fixed rate whether they make profit or not.. Kindly clarify.
Hahim Shariff (1 month ago)
May Allah help you. Donate all the bad money and read استغفر الله as many times as you can on daily basis.
Gazzali Maidin (2 months ago)
What is this " Shaik" talking about bros? He says in Islam we must deal with cash alone! This is a very constrictive interpretation of the Scripture! He cited a hadith which says on the punishment of "Riba". He did not explain the Quranic or hadith conceot of " Riba". I propose the following hadith. The experts here can correct me:  Hadith حَدَّثَنَا عَلِيُّ بْنُ عَبْدِ اللَّهِ، حَدَّثَنَا الضَّحَّاكُ بْنُ مَخْلَدٍ، حَدَّثَنَا ابْنُ جُرَيْجٍ، قَالَ أَخْبَرَنِي عَمْرُو بْنُ دِينَارٍ، أَنَّ أَبَا صَالِحٍ الزَّيَّاتَ، أَخْبَرَهُ أَنَّهُ، سَمِعَ أَبَا سَعِيدٍ الْخُدْرِيَّ ـ رضى الله عنه ـ يَقُولُ الدِّينَارُ بِالدِّينَارِ، وَالدِّرْهَمُ بِالدِّرْهَمِ‏.‏ فَقُلْتُ لَهُ فَإِنَّ ابْنَ عَبَّاسٍ لاَ يَقُولُهُ‏.‏ فَقَالَ أَبُو سَعِيدٍ سَأَلْتُهُ فَقُلْتُ سَمِعْتَهُ مِنَ النَّبِيِّ، صلى الله عليه وسلم، أَوْ وَجَدْتَهُ فِي كِتَابِ اللَّهِ قَالَ كُلُّ ذَلِكَ لاَ أَقُولُ، وَأَنْتُمْ أَعْلَمُ بِرَسُولِ اللَّهِ صلى الله عليه وسلم مِنِّي، وَلَكِنَّنِي أَخْبَرَنِي أُسَامَةُ أَنَّ النَّبِيَّ صلى الله عليه وسلم قَالَ ‏ ‏ لاَ رِبًا إِلاَّ فِي النَّسِيئَةِ ‏" ‏‏‏ Narrated Abu Salih Az-Zaiyat: I heard Abu Sa`id Al-Khudri saying, "The selling of a Dinar for a Dinar, and a Dirham for a Dirham (is permissible)." I said to him, "Ibn `Abbas does not say the same." Abu Sa`id replied, "I asked Ibn `Abbas whether he had heard it from the Prophet (ﷺ) s or seen it in the Holy Book. Ibn `Abbas replied, "I do not claim that, and you know Allah's Messenger (ﷺ) better than I, but Usama informed me that the Prophet had said, 'There is no Riba (in money exchange) except when it is not done from hand to hand (i.e. when there is delay in payment).' " Sahih al-Bukhari 2178, 2179 In-book : Book 34, Hadith 128 USC-MSA web (English) : Vol. 3, Book 34, Hadith 386  (deprecated)  'There is no Riba (in money exchange) except when it is not done from hand to hand (i.e. when there is delay in payment).' What the Al Quran says about this? 2: 275 to 280 My understanding as follows: a.Trade is permissible is not the same as"riba" b. Allah condemns "riba" grants growth to charity c. Allah promotes you to pray and be charitable c. Give up what is left from " riba" 280 reveals the true meaning of "riba". It says.. "If the person is facing insolvency, then you shall wait until he becomes able. And if you relinquish it as a charity it is better for you if only you knew." Riba is increase in your gain "profit" of lending your money and getting a profit out of it above your capital! " then you shall wait until he becomes able" is time factor! In 2: 279 : "but if you repent, then you will have back your principal money, you will not be wronged nor will you wrong." Meaning, you do not trade your money أَمْوَالِكُمْ Therefore, Islam is not proposing cash payment! Monthly payment is proposed in the above hadith and in 2:280. But, you cannot lend cash money and getting a profit out of it. Riba is direct. No money given and getting profit out of it. If there is a property purchase involved in it, InshAllah if the property appreciates i think its a win win situation. The word ربح- profit or gain sounds very different from "Riba". My 2 cents worth of clarification.
Muhammad Saeed (2 months ago)
May ALLAH succeed you in this ameen suma ameen and you also pray for us .
j t (7 months ago)
Let's look at the development of the West under an inflationary fiat credit system versus the development of other areas not operating this way and who aren't sitting on a huge oil reserve. Wealth is still LESS disproportionately shared and average wealth is MUCH higher. As a monetary system, this guidance is universally bad for everyone.
Syed Izhar (8 months ago)
Allah ho akbar. You are only person i found on right path. Allah gave you strength.
Chait Mn (8 months ago)
This is True
Zuhair Khan (8 months ago)
There is no any difference between Islamic Banking and conventional banking both work under K.I.B.O.R. (Karachi Inter bank Open Rate. It’s based on L.I.B.O.R. ( London Inter Banking Open Rate). It’s based on Markup rates. Aj k Muftian E Karam Na Banking Halal Kar di. Masha Allah it’s mean Standard chartered HARAM and Mezan Bank HALAL. WAH BHAE WAH
Cactus Avian (8 months ago)
Solution?
Mohammad Misbah (1 month ago)
Bait ul maal is the only solution go and read 4 khulf e rashedin life
Trust Is Abused (9 months ago)
Shaik imran here in UK those who buy a house get involved in riba. Other option is rented house where you help the owners pay of their riba not only that many Muslim claim housing benefit and not showing their proper income. (Lying to the government) Other option is council house. Many Muslim don't chose this because they have to wait for too long to get a house or the council gives them very small flat far away from where they want to live.
Christian Fernández (4 months ago)
Trust Is Abused Your name ! This is not easy if you live outside of an Islamic Sharia law country.
Mior Khairi (9 months ago)
The solution should be a zero interests loan where those rich Muslims could give to the ordinaries . with fixed amount of process/admin fees which is not a burden. The real HALAL interests they will be getting is in the afterlife .. these "interests" will be paid in great folds by Allah swt. By helping fellow muslims free from riba, you'll be rewarded for sure. but If only they knew how lucrative these proposition is. Wallahualam Muslims employers could start giving such loans to loyal workers. say.. after 5 solid years .. or a rich Muslim country .or countries could start zerobanking ( zero interests banks) system.InsyaAllah, when you help the ummah, the ummah will also help you.
Gazzali Maidin (2 months ago)
The economics here is affordabilty. With time factor is allowed ( see my comments above) I think shouldn't be a burden. This shaik is ?????
Abdull Sudi (2 months ago)
Yes they could start zero interest banking, but do you think the banks will be sustainable? For how long do u think they will serve the muslim brothers&sisters before they run out of money to support operations? I'm not propagating riba but am supporting trade. Trade with 0 interest but profit in it because its allowed. And there is nowhere in the Qur'an and Hadiths that says banks aren't allowed to trade. Be respectful on your reply please.
Mior Khairi (9 months ago)
Astargfirullah ...
Raja Pudota (9 months ago)
Logic does not work here
Sadik Meah (10 months ago)
Great lesson. However I noticed a lot of negative comments below from a bunch of ignorant idiots who feel allah swt hasn't given them any other options... Shame on them.
Hafeez Shaikh (13 days ago)
Shame on you calling them idiots.... you do not have that right...
Mahbub Al Islam (1 month ago)
Give a Solution. Suppose i want to do a business and i need fund. Who will give me Loan (Bank or other person) without any benefit of their own? Come to point and answer this. Please explain more and with reference. Explain murabaha more. The thing is what is the solution if i want to borrow money ? Why would someone give me money if there is no benefit for them? Is there any source like this?
T S (10 months ago)
Trash talk
tema tema (10 months ago)
Oooh dam this is so biased You are alll blind
Moskovskaya Narodnaya (10 months ago)
Really disappointed at the muslims who defend islamic banking. You put islamic in front of anything and they won't question anything. Backdoor riba is a riba and is haram and against islam. Those who promote haram are with the disbelievers. Those sheiks and muftis who promote riba are with the disbelievers.
toobalkain (10 months ago)
What about when interest rates are negative, like right now? Is it haram to take out a mortgage then? Or what if the interest rate is so low it only covers the inflation rate, preserves the real value to the lender? If all credit is haram, if only cash transactions are OK, Islamic world cannot compete in the global economy, cannot even compete within their own markets, there are situations when lending benefits both parties equally, a fair trade so to speak, micro loans are on such case, a “regular Joe” on one end, either only trying to keep the value of his money or even put it to work, and on the other his friend, a business owner, who’s doing OK, but with Joe’s investment he can buy his raw materials at a lower price, invest in modern equipment, make his products more competitive, create jobs for other people, how can this be wrong? The preacher’s example, cash price is 100k, price thru loan is 400k, that’s usury, that’s haram in every religion as well as illegal. “Fair trade” loans, however, they can benefit both parties, no matter what the hadiths say, Mohammed didn’t live in a modern economy.
nasir hussain (1 month ago)
bro plz search about the japany economy the japany people make cash transaction even though the buy house and car they make big cash transaction they didnt kept money in bank because bank take charges on kept money riba is not involved in japanies most bank may be in future japan will become riba free economy please search on japany economy
Sohaib Ashraf Kahloon (10 months ago)
Ya shiekh does the auditor who analyzes the interest transaction also stand equal to those who records the transaction
Kastrioti5 (1 year ago)
You are not explaining any alternative and from wher th islamic bank profit comes from?
Mohammad Misbah (1 month ago)
Bait ul maal is the only solution go and read 4 khulf e rashedin life
These people are evil and all those who follow this false prophet, and reads from their manmade book, are deceive. That is a fact.
terminator15 (9 months ago)
Springs Of Life Ministries becoz he is an enemy.... Btw, im an inceif graduate. Google inceif
Reno Ruiz (1 year ago)
I always in doubt with this so called 'syariah compliant' "Islamic banking". There dont call it interest rate but instead they use term "service charges ".
Haneif Mohd (1 year ago)
Thanks sheikh
Darin Walker (1 year ago)
Interest is not the Evil, Greed IS! Greed asks for more than is reasonable. What is reasonable? An amount that is payable without sacrificing one's other needs and modest standard of living, and considers one's income in relation to the product size/quantity/quality. Interest SHOULD NOT BE A FIXED RATE for everyone!
LKJ Jkl (10 months ago)
Darin Walker Interest is based on greed my friend
Mir Marri (1 year ago)
very nice elaboration
Mir Marri (1 year ago)
very nice elaboration
Yahia Bellifa (1 year ago)
your answer is in the quran brother Allah jwa will make a path for u if u fear him
amali razor (1 year ago)
so all these centuries Islamic finance has never really worked then, everywhere around me is the so called 'back door riba'. should I just sit buy and watch my non-muslim colleagues grow wealthy? #confused
Faddli Syamsul (1 month ago)
The real goal is not to become wealthy in dunya my friend, but in akhirat.
Ismail Ebrahim Desai (1 year ago)
This is a repugnant ignorant comment. He does not even properly understand the concept of Murabaha offered by Islamic Banks. I did challenge this brother but he refused and hid himself behind a myriad of excuses like a coward.
Void (2 months ago)
Hasan You are legend.
ALIOU (9 months ago)
+Hasan well done Hasan!
Hasan (1 year ago)
A loan is borrowing something you intend to repay. Riba is being forced to repay more than what you owe. What I am saying is if I pay interest to a Jewish bank, or I pay with "Islamic banks" business transaction, either way it will cost me the same money. Maybe I could even save money with a lower interest rate compared to the Islamic option. Islam does not allow you to rip people off. If an estate agent is selling a house, they value it first and price accordingly. Suddenly it is OK for Islamic bank to buy this house and sell it for double?
Ismail Ebrahim Desai (1 year ago)
Hassan Zaib what is a loan? please define what is Riba? you don't know the fiqh of buyoo nor does Mr Hoosen. Islam allows a higher price on a credit transaction.
Hasan (1 year ago)
I still call it a "loan", you can call it business if it makes you happy. But it is RIBA by the backdoor. Islamic bank buys the house you wanted but couldn't afford, then sells it to you at a much higher-than-market price but allows monthly instalments. This is basically a mortgage.
Clorox Bleach (1 year ago)
What does 'witness' mean here? Does it mean someone who simply caught a glimpse of a Riba transaction?
norizanmohd (2 months ago)
Two persons who normally needed to verify the deal between the borrowers and the lenders.
Eternal Life (1 year ago)
charity lending is different from business lending. if you lend your neighbour money to solve personal family problem , you won't take interest (riba) on that money. But if it is business related lending, interest must be taken because the borrower is borrowing to make monetary profit that money unlike charity borrowing which is not monetary profit driven. The sheik should understand the differences. The Jews are lending with interest strictly for business venture, not for personal problems so that does not contradict the Torah. If you want to borrow money for business venture and make monetary profit from that money, you have to pay interest . it is business. But if you borrow money to solve personal problem, for example to foot medical bills, the lender won't have to collect interest... it's against the Torah.
Innovative Tech World (1 year ago)
Jahil molvi, you means Islam has no solution to have financial institution, If you have solution to suggest and build a true Islamic bank competitive to the conventional banks then for what you waiting for? First time in the history of last 200 years of Islam the great Muslims scholar have become succeeded to design the riba free banking system excellently competitive to the conventional, but deliberately few paid molvis are spreading propaganda against these Islamic financial institutions. Where in hadith the back door riba is mentioned?
Robert Lawson (2 years ago)
Salaam Alaikum, Dear Shiek if Allah gave us gold and silver as legitimate mubarak wealth and the various world goverments have systematically withdrew the real wealth and gave the entire world paper, what possible road can one travel out of this trap. The cash is riba, the credit is riba, the money is ficticious,
Gfdf Perte (2 years ago)
I wish this guy would buy me a big building with his money and give it to me.. i will pay him back with out interest over say 50 years where do i sign up for the deal
Cristian Neagu (3 months ago)
There you go! And if you want it then work hard to get it and don't use shortcuts and live a borrowed life!
Shayan Ghani (10 months ago)
If u can’t afford it don’t buy it.
Gfdf Perte (2 years ago)
can you tell me how I can buy with out going to a bank
Johnathan Woods (2 years ago)
wow honest
smash ice device (2 years ago)
sheikh thank you for speaking out loud. today Muslim are giving out and receiving Riba amongst each other. the Jews are laughing at fello so called Muslim brotherhood because the Jews don't give and receive riba amongst themselves but they Channel it onto others.
Mr. Gardevoir (2 months ago)
GGWP, they fool us once but not twice!! Considering Sheikh has reveal it is Riba. So the question is Brother, how do we get out of it we were unconsciously using the riba all this time?!. What worried me is my College Loan. Haven't check it if it has interest or not but what if it has? If it were to have, I already used the loan so either I pay it back with the interest or what?
Shamim Iftakhar (3 months ago)
Too clever
DIESELMO2NV (11 months ago)
smash ice device very well said jews do not charge there own people interest or take interest.
kaonashi (1 year ago)
rly? how do they do it??
123456 774 (2 years ago)
That is because the Jews are smart and also fabricated the true Torah by saying Don't lend your brother money in interest but the gentile YES . They are laughing their heads off and we are so foolish That is why Allah has declared war for those who will not give it up & that is why the Muslims are in hardship these days because of us taking RIBA . Who wants to take sword and fight Allah !! May Allah forgive us and I hope all Muslims wake up , and if they do we will run the world using our Quran dealing with all life aspects & and the whole world will follow the TRUE islamic banking .
Blessed Hope. (3 years ago)
The Qur'an is the devil's book and Allah is the most deceiver of all, that is satan.
Ebrima Janneh (1 year ago)
STOPERMEE Remember your meeting with your CREATOR
earthtaxfree (3 years ago)
who ever asks for more than he gave shall not enter the kingdom of God...
rsll1986 (5 years ago)
"Had the world been of any worth in [God's] eyes, He never would have allowed His enemies to possess it"
rsll1986 (5 years ago)
What this guy is proposing is way too extreme; it's just not practical in today's world. I think the most honorable thing to do is live below your means. If you can afford a 200,000 dollar house, then buy a house for 150,000 and pay that house of as quickly as you can.
Nawaf Alghanem (5 years ago)
So are you telling us to let everyone else own all the properties and we muslims pay them rent and paying their mortgages? No average citizen will be able to buy a house on cash basis. This only results in muslim followers giving more power to others and having less ownership and money themselves.
abdulbowhunter (2 months ago)
Nawaf we muslims need to look at the bigger picture here, the dajjal system has been programmed to make the rich richer and the poor poorer its like living in a giant casino and almost every action we do will be haram. We need to accept that first and then try to aim for the lesser haram and instead of us giving up we need to educate ourselves or our kids to rise and aim for important positions in this corrupt system and have hope that one day we can change this, we need faith and hope to get out of this pit. When we just give up and say what can i do im just one person, i have no options this is where the dajjal has claimed u and a slave. Dont give up and try your best to be a survivor of this system and go proudly to your lord and say “oh Allah i was born into a dajjal system that was established before me, i tried my best to resist and Allah knows best, but i believe i truly did my best. Forgive me for my lesser haram. And some people inshallah will tell Aallah, “oh Allah i had a strong conviction and faith in you and i was able to become a finance minister and i made a change to help the muslims choose a halal option”. Allahu Akbar.
Protection By Rahim (3 months ago)
Reliance on Allah is the key
vicious12394 (4 months ago)
Nawaf Alghanem If you live in a non muslim country then that is the case. The answer to that is also an easy one. Fear Allah and the punishment of the fire above all else.
Mohamed A (5 years ago)
Yes live in a muslim village
SeekerofHaqq (5 years ago)
Unfortunately we live in a world today where the money is controlled by the Zionists under the system of riba. This Murabaha is an alternative for the Muslims although its not recommended, what else can we do? If Imran Hosein has an alternative system then he should let us know.
Chait Mn (8 months ago)
Go to a village, grow food and animal, eat and perform what Allah ordered. It is hard but you can if you really fear Allah
justlikethat (8 months ago)
br Steve, the point you made on necessity is just perfect and the point about Allah's wisdom. May Allah bless you and your family!!
Trust Is Abused (9 months ago)
Save save save until you can afford to buy a house.
Mohtashim Mateen (1 year ago)
Samdee2017 Sam ... Watch your words. Remember u have to die one day and what if your belief isn't true after u r dead?
123456 774 (1 year ago)
Samdee2017 Sam Sam - his speech will never go down your throat that is because you are deluded and blind . Speaking about Allah your creator out of ignorance, remember your days are numbered and you will wish you were dust ( meaning you will wish you were uncreated) . Good luck in the hellfire
NoSkillDN (5 years ago)
Brother, of course there is a solution. Using Gold is Sunna. Gold Dinar is written in the Quran. So if someone want to give money, he have just to base the quantity of money on Gold. So instead of give money, he give the quantity of gold related to the money. The borrower needs only to return that quantity of Gold. That's all. Inflation has no effect on Gold. May Allah forgive us for all our Sins.
sparkey3603 (5 years ago)
I totally agree with shaykh imran hosein on the issue of Islamic banks manipulating the sharia banking system so serve themselves. And also the hiring of muftis who are paid large sums of money to put a signature at the end to make it look legitimate.
Ismail Ebrahim Desai (1 year ago)
sparkey3603 what's your problem with Muftis getting paid? you jealous?
sparkey3603 (5 years ago)
@ jbond008 this could be worked out on the basis of inflation. The appreciation on the money you lent on a given time due to increase in value over time. I believe this is different to interest. BUT do not quote me on this as one should get informed advice before coming to a conclusion.
jbond008 (5 years ago)
What about concept of justice. Here is the example if you give me 100k dollars and I return the 100k after 10years. Now question is due to inflation 100k is no longer equal to 100k 10 years ago in terms of purchasing power. So even though money is returned in full but in true sense I did injustice to you which is against Islamic teaching as well. So there has to be compensation for time value otherwise lender will be on the losing side. Let me know if there is any answer to this problem
SleekMinister (10 months ago)
Lender is, largely responsible for controlling inflation, though, because they have the most, and should circulate it. Loss of money through waste is very small, maybe 1-2%, at most, and far less, actually.
Anuar Safian (5 years ago)
Previous, I did'nt understand the concept of the Islamic bank & I have a view that Islamic banks hide behind the conventional systm, but after I learned of Islamic finance & fiqh muamalat then I think otherwise. Islamic knowledge is very broad & muamalat law has been discussed since the time of the companions through 100s' of Hadith. Islam isn't only taking care of the customer's right but merchant as well. Most of us think nt just halal is Islamic but also cheap is islam. This is wrong view.
Sheykh - Give us an alternative?
The alternative is to fear Allah. Submit yourself to Allah and not to Dajjal and syaitan. Insya Allah, you will be succeed.
Samiullah k (10 months ago)
Muniruddeen Lallmahamood yup, one in hell and one in heaven
EpicMango (6 years ago)
Good thing I haven't bought a house yet. Now I can do it as Allah commanded for me. I am stuck in a student loan debt that has interest in the loan but I haven't paid a single penny to those greedy pigs and I never will.
sean perris (6 years ago)
I thought so. There is no solution. Daroura tobi7o al ma7dourath. Correct me anyone if I am wrong.
sean perris (6 years ago)
Where is the solution? I hold u witness that I could not find an alternative but to sign a mortgage. May allah forgive us.
The Wanderer (10 months ago)
Banks shouldn’t be a business. Thats your solution
Narjisse (1 year ago)
Intekhab Alam Islamic banks are a scheme. This guy is absolutely right. It's like selling alcohol and calling it milk. Who are they fooling? Certainly no God. I have more respect for conventional banks than Muslim banks because western bank are at least are honest and they are not manipulating anyone! They call interest, interest. Islamic banks call it profit which just so happen to be the exact amount of interest offered on the market by conventional bank. It's sooo dishonest and so wrong to take advantage of people. I will never borrow from an Islamic bank. They have nothing Islamic about them. In would rather borrow from a regular brank who is not play I g on words and taki g me for an idiot! It's just so wrong On every level!!!
123456 774 (1 year ago)
Intekhab Alam He knows very well and well educated Are you engaged in what Allah Has forbid !!! Islamic banking = deception ( halal front door 🚪 and haram back door ) .
Innovative Tech World (1 year ago)
sean perris islamic bank is the solution, this man know nothing about Islamic finance.
Aisha Mohammed (6 years ago)
@9kuuby9 sarcasim are against Qur'an.
9kuuby9 (6 years ago)
Thx for the idea, when i'll start a village i'll try to do everything halal :D You might wonder on the day of judgement where all these hasanat come from =D
Aisha Mohammed (6 years ago)
I think there should be a real and true islamic bank that has people to join it. Let's say 10 people join bank. And one of them decides to borrow £1000. Everyone could make up and give the bank that money then that person takes that grand and pays the exact amount free of interest/riba. And all those who made up got back their exact payment PLUS their reward from Allah(swt) for being so kind to lend money without the need of profiting from it which is greedy. Ah, what a dream (:
Rouillie Wilkerson (6 years ago)
So how do we buy big ticket items in the modern world? How many people have several hundred thousand dollars lying around?
amali razor (1 year ago)
Rouillie Wilkerson IKR!
Rouillie Wilkerson (6 years ago)
hmm. You make a very good point.
ayfellow (6 years ago)
Just another way to make money!
Usmaan Sial (6 years ago)
What's the alternative to conventional banking in Islam. can anyone answer this question.
Innovative Tech World (1 year ago)
Usmaan Sial islamic bank is the best alternative, this man know nothing about islamic finance.
Abigail Chua (6 years ago)
i thought islamic banking does not charge more than the premium you borrowed?
Usmaan Sial (6 years ago)
When we say Islam is a complete code of life. then what should the banking system in this code. These scholars criticize each other. why don't they come up with a solution. is it possible in this world to keep money buried in soil? we need to develop something that is allowed in Islam. I wish this Sheikh do something useful other than criticizing.
Cristian Neagu (3 months ago)
He's not just criticizing, he's giving useful information for us to understand. And that's a good enough from his part and as a starting point and maybe there's nothing much else he can do. But it's up to us to do a change, and why not everyone of us start by giving up all those dealings involving riba? Why wait for someone else to do "something useful" when you can do it brother. Check yourself first if your affairs are conducted in a acceptable manner.
vicious12394 (4 months ago)
Usmaan Sial the solution is the same as every solution. Return to the Quran and sunnah. During the time of the prophet and the sahabah there was no riba practiced amongst them. Return to that and leave the non Muslims to their own devices.
Chait Mn (8 months ago)
Do You think Jannat is very easy. You have to bury in soil. Go to village
Zuhair Khan (8 months ago)
Usmaan Sial very well said but unfortunately our Alims becomes Zalim. They aren’t on even on same page 😞
jahan442 (6 years ago)
i was aware that these islamic banking system were cleared and monitered by the oppointed imams. so if this system is not islamic, then how are the people who follow islamic rules, ever to be accomplished in this modern world. at the time of the prophet,there were too many loan sharks,like the ones we have now(banks). so it was prohibited to pay or take inerest on money. but in this modern world if we cant use the islamic banks, then we will have to use the JEWISH BANK.to stay behind tobe ruled
Innovative Tech World (1 year ago)
jahan442 this molvi is promoting jews banks.
The Batman (6 years ago)
@flintp51 riba
KHALIIL01 (6 years ago)
@MrQualityTime That is only one form of riba. Gambling is also a form of riba, insurance is another form. There are 73 types of riba.
KHALIIL01 (6 years ago)
Imran Nazir Hosein should explain how he bought the Nissan Laurel he is known to drive; maybe he called on Shaikh Abdul-Qadir Jilani in his grave of 500 years in Iraq to get it for him, however, Shaikh Jilini was a true scholar & did not support grave worship.
flintp51 (7 years ago)
What is he saying? Back door r.....?
koray kingir (5 months ago)
Intekhab khan use your intelligence, it's not difficult to understand..
Innovative Tech World (1 year ago)
flintp51 this molvi is idiot, where back door is mentioned in hadith?
Simo Simo (7 years ago)
@maddy52003 I came a cross this vid on Moroccan forum in Holland talking about Riba , but i was always convinced that the islamic banks they always makes halal busines , can u send me or place here more lectures where he explain the right way ?? Thanks in advance
AnabolicMutant (7 years ago)
@hmshex He does have good points to make about the monetary system and the banking system, and so on, but this does not mean he is well studied in islamic knowledge. Also, it appears his only history of studying "islaam" is at a university in America which teaches Orientalist (enemies of islaam) theory and philosophy. This means one should avoid everything this man has to say about islaam, as to take this man as a source of knowledge in islaam is a grave mistake!
Omar Farique (5 months ago)
AnabolicMutant Brother this man is simply pointing out what many great scholars of Islam have said. There are people who have studied Islamic Finance who are also speaking against the Murahaba system
AnabolicMutant (7 years ago)
@hmshex What i have realized about this man is that he has a poor comprehension of the qur'aan and ahaadeeth and i wouldn't say he is deobandi at all as he has nowhere near the `ilm of even a tolib ul-`ilm of deoband. He fails to even correctly remember the order of events within one hadeeth alone.. He also thinks the gog and magog are not tribes of people despite the fact allah says they are two tribes and there are numerous ahaadeeth describing their physical appearance and abilities!
Simo Simo (7 years ago)
ok , lets say that all those islamic banks are haram , so what is halal ?? the shaeikh have only spoken about the "backdoor riba" so tell us ya sheikh not only whats bad but tell us whats the right thing to do . If someone knows the answer please contact me
Cristian Neagu (3 months ago)
Buying a piece of land and building a house with your hands is also halal and sunnah.
vicious12394 (4 months ago)
Simo Simo the answer is easy. Renting is halal.
kapil dev (7 years ago)
@0jrhindo Cannot agree with you anymore.
upfran (7 years ago)
@sravat1234 well i was also borin in a kuffar country, and it's my iniatiative to leave that kuffar country to isalamic country.
nafism6969 (7 years ago)
@sravat1234 ye, if ur BORN there, not ur fault, also, if ur a kaafir who converted, then not ur fault, theres not much u can do. but im talking about these muslim immigrants abandoning their muslim countries and go to live in non muslim countries in order to have a "better life". thats haram. in fact, a muslim will NEVER have a better life with kaafirs. u WILL suffer, along with them in due time. we need to educate ourseleves. we've seriously become dumb.
Sufyaan Ravat (7 years ago)
@nafism6969 well i was born in a kuffar country. Not my fault
AnabolicMutant (7 years ago)
Did allah give these evil men the authority to say to the people that their prayers and supplications are not accepted by him merely on account of the people not paying money to these evil men? The answer is clearly no, and if they claim otherwise then let them bring a textual proof of this claim from the qur'aan and ahaadeeth with explanations of these proofs from the consensus of the early muslims (ie. the prophet himself, the companions of the prophet, their children and students, and so on)!

Would you like to comment?

Join YouTube for a free account, or sign in if you are already a member.