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

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Shaykh Imran Hosein
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Text Comments (285)
SmartBoy_Bilal (3 days ago)
Give a man a gun and he can rob a Bank. Give a man a Bank and he can rob the world.
naela ibrahim (17 days ago)
It is my understanding that muftis or other who strive to give Riba various 'Halal" names, are simply cloaking a swine in sheep skin and calling it halal! Although I suppose, the ramification of consuming swine is far less than of consuming Riba? Sad when we engage in manipulating the laws, commanded by The Most High!
naela ibrahim (17 days ago)
It seems that Shaykh Imran Hosein is the only Muslim Shaykh or perhaps the only person, in the Islamic community who understands the ugliness of Riba; "forbidden to Hebrews, Christians and Muslims." Thank you for sharing your deep understanding of the financial theft, the banksters! May God protect you and continue to guide you.
HoldShiftt2Run (27 days ago)
Must be a bank run by his rafidhi brothers. Imran Hossein loves the shia.
Saihi Nadir (1 month ago)
We are ALL in RIBA, because our currencies just lose value over time...What you buy for a dollar today will be bought for 1.5 dollars tomorrow. From the day we are born, we are ALL taking part in the monetary system. Not only the fiat money inflation is RIBA, but we also have to pay taxes to cover the debt created by the big banks that create debt out of nothing. ( See the Federal Reserve for example) We ARE ALL IN RIBA haha, while you are at it, do ALL YOU CAN to become wealthy so you can buy land, grow your own crops, and opt out of the money system.
Muhammad Uddin (2 months ago)
The is no perfect Muslims.
Muhammad Uddin (2 months ago)
The lack of Money is the root of all evil.
eye (2 months ago)
The problem of we Muslims that we just follow lifestyle of nonbelievers and then make excuses . If we show hatred towards Riba the same way we are showing alcohol. In short we are happily committing major sins and stay away from minor sins.
Blue Ocean (2 months ago)
Is it against Islam not to loan money? What is the difference between interest and profit? Hey where did the bank gets its money in the first place to do that? Who printed the first money by whose power, where it is held and who owns that money? Whether they buy something with it or give it away. By the way, let me tell you something. You can neither buy something or give something if you don't own it. You think about that now.
B H D (2 months ago)
I HAD A DREAM AROUND 16 MONTHS AGO, AND THE DREAM WAS LIKE:- ONE OF MY RELATIVES DIG A HOLE AND FOUND A BIG STONE OF DIAMOND AND HE TOLD ME WHAT HE FOUND FROM THE HOLE AND HE RAN AWAY. I WENT TO THE EXACT HOLE AND FOUND SO MUCH MORE DIAMONDS, WHEN I FINISHED COLLECTING ALL THE DIAMONDS I'VE TRIED TO GO, WHILE CLIMBING A BIG ROCK ON MY WAY, A LION CAUGHT ME AND I WOKE UP AFTER THAT. I REALISED MY COUSIN IN USA A WAS FULL OF RIBA ALL HIS YEARS LIVING IN USA.
hitler able (15 days ago)
Wow, it's true dream Bro?
Mohamed Musse (2 months ago)
They operate not only with PhD. They also have Nobelpreises😂
whyme (2 months ago)
so which bank is a legit Islamic bank?
Void (2 months ago)
Intrest-free bank?
Ceevee Mydeen (2 months ago)
Now a days price of a manufactured product includes interests of capital, lease, rent, depreciation etc at various levels. Those who not living in an isolated situation.
Abu Amina (3 months ago)
There is no option and when Allah made ruling, he never chose time its upto yaumul qiyama
Delta King (3 months ago)
In true Islamic banking system if bank lends money then how can lent money be secured in case the borrower defaults. Can anyone clear this up
humpty dumpty (3 months ago)
Islamic banking= Saudi+Israel +CIA created fake system to deceit people! Believe me 90% them are cheated by this fraud!
Aymen Yaseen (4 months ago)
So what the fuck should we do?
Ceevee Mydeen (2 months ago)
Riba is usury not simple or low interst,,considering various economic terms like present value of money, inflation of currency, price hike of commodities etc.
Robert Hannah (4 months 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.
Yass Ishq (1 month ago)
+Robert Hannah Inspite of the apparent unconcern of present day Jews with the prohibition of usury, Old Testament is the first great sacred text which ex presses stern disapproval of it. Generally the prohibition is confined to loans extended to" brothers", ie the Jews; but there are texts which un equivocally forbid the taking of interest from all loanees. Nehemiah 5: 11 calls upon the faithful lenders to restore lands, vineyards and houses to the borrowers" and also the hundredth part of the money, and of the corn, the wine and the oil, that ye exact of them." This follows exposition of the situation in verses 5: 1-5 which concern the cry of the people, complaining against their brother Jews, that they had to mortgage their lands, vineyards and houses to buy corn or to pay Kings tribute, and their sons and daughters had been brought to bondage. Prohibition in the Bible “Do not charge your brother interest, whether on money or food or anything else that may earn interest.” (Deuteronomy 23:19) “Do not take interest of any kind  from him, but fear your God, so that your countryman may continue to live among you.” (Leviticus 25:36) “If you lend money to one of my people among you who is needy, do not be like a moneylender; charge him no interest” (Exodus 22:25) Righteous servant of God doesn’t take interest
Robert Hannah (2 months ago)
+Yass Ishq I dont like long posts, but here it is worth correcting many Muslims' impression that Christianity and Judaism prohibit interest. They do not do so any more. I wrote this piece as a reply in Islamic Banker 2 years ago: As even the 1912 Catholic Encyclopedia said: the Church “permits the general practice of lending at interest, that is to say, she authorizes the impost, without one’s having to enquire if, on lending his money, he has suffered a loss or deprived himself of a gain, provided he demand a moderate interest for the money he lends.” This view amounts to a complete reversal of a view that prevailed from the Patristic age until the high middle ages. During all these years, the Church stood squarely against the institution of interest – as opposed as Islam is or even more so. This only began to change with the development of sophisticated monetary institutions in the high middle ages. These allowed theologians to consider the topic more carefully and come to realize that interest is no different from any price on the market – something to be freely negotiated by the parties involved and reflecting the changing conditions of supply and demand. Source: Jeffery Tucker, Catholics and “Usury”: A Tragic History Crisis Magazine (a Catholic publication) November 16, 2011 http://www.crisismagazine.com/2011/catholics-and-usury-a-tragic-history It is not necessary here to trace every nuance in the evolution of Christian thought in its acceptance of interest in finance, but we should note the observation of the 1830 Inquisition of Rome, in which the Holy See declared that “confessors should no longer disturb lenders of money”. On the Protestant side, Calvin and Luther both regarded moneylending at interest with hesitancy, but necessary and inevitable for business. In Judaism, charging and paying interest is not intrinsically wrong; it was and is freely permitted with gentiles. The following typifies the current view, from Rabbi Louis Jacobs, a conservative rabbi in the UK: The Spirit of the Law and the Letter of the Law The spirit of the law against usury would not seem to be violated when money is invested in business in our advanced economy, since the money is being used to increase profits and there is no reason why A should invest his money into B’s business as a sleeping partner unless he hopes to gain as B hopes to gain. Nevertheless, the letter of the law was held to be violated even where the loans were of a commercial nature. From the sixteenth century, a device, known as the hetter ‘iska (“dispensation for commerce”), was introduced, in which money invested in a commercial arrangement is treated as “half loan and half deposit.” Even though the principle [that is] presumably behind the original prohibition of usury, that of helping the needy, hardly applies to business investment, many observant Jews still arrange for the hetter ‘iska document to be drawn up when investing money in a business. Source: Rabbi Louis Jacobs, Usury and Moneylending in Judaism, My Jewish learning http://www.myjewishlearning.com/article/usury-and-moneylending-in-judaism/ In the middle ages observant Jews subverted the prohibition easily by involving a gentile middleman through which to route the loan. Nowadays the interest prohibition is seen only as a desirable action to assist needy family members. The evolution of thought in the other Abrahamic faiths highlights the need for Islam to confront modern realities in a similar fashion. While modern finance and economics recognize the time value of money and that money is fungible with capital, Islamic scholars cling to Aristotelian notions that money is unproductive. Islamic finance does have something useful to say about issues such as excessive financial leverage, the capitalization of banks, risk management, and financial market ethics. However, instead of erecting a parallel financial system based on sharia compliant copies of existing financial instruments, Muslims’ energies would be better directed towards engaging with regulators and legislators to communicate their views on issues important to them. While proponents of Islamic finance make vague statements about equity and social justice, secular regulators have done the tough work to improve fairness in financial markets through such policies as competition and disclosure, implementation of truth in lending, client priority rules in trading, and fee disclosure in funds management. That was a long post. Now, regarding the issue you raise about housing prices and usury, I am not sure of your point. Earlier you state that people lose money when housing prices drop - true- but then usury increase prices ... My reply would be that housing prices follow the business cycle up and down (mostly up), but are rather sensitive to central bank policy because of the financing cost of mortgages (both Islamic mortgages and conventional ones.) One has to be careful not to become over-leveraged, and be sure to afford the monthly payment you make until your house is paid off.
Yass Ishq (2 months ago)
+Robert Hannah I did not wanted to prove my point being right whether in the extreme or in generality. The Quran the Bible, the Tohra, the Psalms and various other scriptures condemn usury as a whole and not under certain circumstances. I'll give you an example. The Quran prohibits eating of the swine, but allows it for consumption if you are hungry for more than 3 days and have nothing else to eat, however no where in the Quran is it mentioned that you can go the route of usury under any circumstances. Whether it be buying a house or borrowing money. The prophet peace be upon him has definitely mentioned that the borrower can give more to the lender if they wish however no lender should ask for more than what they lend. Also look at the housing situation whether it be in the west or in the east everywhere the pricing is inflated and that is just a result of usury. The developer borrows money on high interest so they are bound to sell it at a higher price, then the buyers borrow money for buying ending up paying even more, when the buyer wants to sell they will never sell in a lower price than what they paid so it is a vicious circle and Everytime a property changes hand the new buyer becomes poorer. And God knows the best.
Robert Hannah (2 months ago)
+Yass Ishq You are right, in this extreme example the individual loses his home as the bank takes it over for security and probably loses money on it too. I know that some people in the west - oil country, Denver too - lost money when prices went down. Meanwhile, millions of us in many countries have benefited over the years by financing the purchase of homes through mortgages (or diminishing balance mushakara with deferred mark-up - same thing as interest) and prices have risen over the long run. So - on balance paying reasonable interest on mortgages with a prudent sized loan is a good thing. A contextual analysis of the Quran concludes that the Prophet meant to condemn the exploitation by unscrupulous money lenders who drove the poor into debt slavery.
Yass Ishq (2 months ago)
+Robert Hannah  No one saw 2007 crisis coming. And you probably don't know anyone who lost their everything during that crash. The market and economy was in fact booming right before it plummeted. Secondly losi And when you say people buy houses if they can afford to pay off the mortgage my argument is just highlighting that you may be capable right now at the moment you make that 20% down payment and the next instant you might lose your job or become disabled, who then pays of your mortgage for you to even stay in that house. And if you have the means to pay off means you have it right now. Not based on speculation that you will live for that 20 year period and be able to pay it off. You don't even have the guarantee of living the next day where does means to pay off come?
Mourad (4 months 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.
Mourad Jad (2 months ago)
+DrToil What makes you think that I don't know my religion? Alhamdulilah I know alot more than you might think and still I never claim to be a scholar. Riba is a very vast and complicated topic and it is a branch of study by itself. First of all you need to know what does Riba mean then know the different categories and cases of Riba then know the reason and wisdom of the revelation of the ayyat of Riba in the Quran and which kind of Riba it was referring to. After that you look at the Ahadith of the prophet and what he labelled as the 6 items or materials that can be Ribatic (gold, silver, grain, wheat, dates, salt), also Ahadith that stated clearly that Riba Nassia (from Jahilia period) is the one that is referenced in the Quran. I did a lot of research in this topic and have alot more to say but lets call it off here. Do you know what Musharaka is and what Murabaha is? do you know how some Islamic banks work ? I advise you to read and educate yourself about them first before throwing fatawi right and left. My question was clearly about the Islamic banking which your sheik in this video hasn't explained or mentioned.
Robert Hannah (2 months ago)
It is structured as a partnership but actually provides a guaranteed return to the bank because the total deferred prices you pay in the series of payments are more than the cash price. This is camouflaged interest and this is the speakers point. Modernist scholars would say that if you have a clear and honest contract, if you are not being exploited, and you are getting a good benefit by using the house or car it is OK to take an ordinary loan. The traditionalists and neo revivalists like Maududi and Taqi Usmani in Pakistan want you to use Islamic banks and pay murabaha camouflaged interest, which is usually more expensive. This speaker is even more conservative. I think you have to use common sense and ask yourself - does Allah really care about these squabbles? I think not.
DrToil (2 months ago)
The reason ur confused is because u don't know ur religion. Go back and learn islam then see how ur life improves. Insha Allah
MD RAFIQUL ISLAM (5 months 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 (5 months 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 (5 months ago)
bloody stupid.. just get out of this medieval cult that is not compatible with logic and reason..
Yass Ishq (2 months ago)
Belong to not too*
Yass Ishq (2 months ago)
Really? What cult do you belong too? The modern cult of cut throat inequality, where the rich gets richer and the poor gets poorer by the day. If you do have any understanding of how interest is ruining the economy you will understand why it is not allowed. For a matter of fact both Judaism and Christianity along with all major religion of the world prohibit dealing in interest. It is we who are paying twice the price for a property today and making it thrice or four times costly for our children and their children. Open your mind think this. If you are paying 200k for a 100k worth property, you will never sell it for less than 200k and the person who will buy from you will end up paying 300k or more on that and so everything bought via interest based economy keeps on inflating exponentially till it just collapses just like the 2007 banking crises. Then the govt bails the same banks out with whose money? Yours and mine, the tax what we paid for so long. The same tax which should have been utilized to pay back to us via SSN has gone to the banks. Think and decide on your own, God has given you a brain, even if you are an atheist you would still have a brain which you can use and think. God bless you. . . Amen
Ray Adams (5 months ago)
The shiekh doesn’t have to give alternative. He has to state the facts period.
Mahbub Al Islam (5 months 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 (5 months ago)
So how many % of muslims will enter hell? (I know for a kuffar it’s 100% chance)
Gazzali Maidin (6 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.
Manga Brawler (1 month ago)
Write In sha Allah spaced out separately because it reads out 'Create Allah' if written together
Adam Izeb (4 months ago)
Muslim prayers
Kaname Fujiwara (6 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 (6 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 (6 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 (6 months ago)
Yes, I agree. The great deception.
Mohamed al Yahudi (6 months ago)
He must have got his economics degree from a madrassa.
Mustapha Haidar (7 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 (7 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.
DrToil (2 months ago)
Well said. Jazakallah kheyra
Faddli Syamsul (5 months ago)
Subhanallah, i like your view.
X152535 (8 months ago)
I don't think the interest we pay today is the same interest that was outlawed by Islam.
Ibourahim Cisse (8 months ago)
Alhamdulillah rabil allah min
Badiria Jarso (9 months ago)
Oh did you say famous mated to hide rbi. Masha Allha honest.
The Link (9 months ago)
Bankers are greedy end of story
Live from Legendland HI (9 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.
DrToil (2 months ago)
Learn history and your deen then u will start to think and see the world differently.
kh4liqi (9 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 (10 months ago)
This guy is a permotting miss leading muslim polacies of the jews
Muhammad Faeq (10 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 ...
Bhab Jan (9 days ago)
Pakistan? Oh please most alim people, but bcos of paisa, can make 180 degree U turn
Mosin Inamdar (11 months ago)
.j.,
vikram solestealer (11 months ago)
Read Koran plzzzzzzzzzzzz
Karima Williams (11 months ago)
I m getting out of the banking system ya Allah help me. Pray for me please
Mourad (4 months 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 (5 months 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 (6 months 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 (6 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 (6 months ago)
May ALLAH succeed you in this ameen suma ameen and you also pray for us .
j t (11 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 (1 year ago)
Allah ho akbar. You are only person i found on right path. Allah gave you strength.
Chait Mn (1 year ago)
This is True
Zuhair Khan (1 year 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 (1 year ago)
Solution?
Mohammad Misbah (6 months ago)
Bait ul maal is the only solution go and read 4 khulf e rashedin life
Trust Is Abused (1 year 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.
QWIET MONEY NETWORK (1 month ago)
Choose the lesser evil brother, no such thing as "no other option". If so then Islam is a fake religion and Allah tallah does not exist ( Auzubillah )
Christian Fernández (8 months ago)
Trust Is Abused Your name ! This is not easy if you live outside of an Islamic Sharia law country.
Mior Khairi (1 year 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.
Manga Brawler (1 month ago)
Write In sha Allah spaced out separately because it reads out 'Create Allah' if written together
Gazzali Maidin (6 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 (6 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 (1 year ago)
Astargfirullah ...
Raja Pudota (1 year ago)
Logic does not work here
Sadik Meah (1 year 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.
Mahbub Al Islam (2 months ago)
+DrToil Thank your for your suggestion. I am looking for salvation.
DrToil (2 months ago)
+Mahbub Al Islam The choice is yours, Islam is very clear. Borrowing money with interest is usery and it is forbidden. The consequent is very clear, take a usery but be ready to go on awar with prophet Mohammed P.B.U.H and Allah. I can tell you my opinion though. Its sad that u feel there is no other option when there dozens of it. Start to think different and you shall find different path Insha Allah. Good luck
Delta King (3 months ago)
+Mahbub Al Islam Those who apply islam in their lives and are capable will certainly lend money without interest.However if we remain Muslim by name then you are right
Hafeez Shaikh (4 months ago)
Shame on you calling them idiots.... you do not have that right...
Mahbub Al Islam (5 months 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 (1 year ago)
Trash talk
tema tema (1 year ago)
Oooh dam this is so biased You are alll blind
Moskovskaya Narodnaya (1 year 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 (1 year 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.
DrToil (2 months ago)
From what u wrote I am not sure if ur Muslim or not but u can't deceive a true muslim what ever u r. Usery is ursery call it modern world or what ever and it will still be usery 2morrow.
nasir hussain (5 months 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 (1 year 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?
jassim mn (3 months ago)
investment with halal work and business thats why islamic economy survived for centuries
Mohammad Misbah (6 months 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 (1 year 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!
DrToil (2 months ago)
One thing leads to another. It start with interest. Usery is bad for society, u can choose to ignore it but don't say I was not warned.
LKJ Jkl (1 year 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
elrazor (2 years 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 (5 months ago)
The real goal is not to become wealthy in dunya my friend, but in akhirat.
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 (6 months ago)
Hasan You are legend.
ALIOU (1 year 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?
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 (2 years ago)
What does 'witness' mean here? Does it mean someone who simply caught a glimpse of a Riba transaction?
norizanmohd (6 months ago)
Two persons who normally needed to verify the deal between the borrowers and the lenders.
Eternal Life (2 years 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.
DrToil (2 months ago)
Usery is usery, islam makes it clear. If you choose to ignore islam you can but own it instead of asking islam to change around u.
Innovative Tech World (2 years 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
Bhab Jan (9 days ago)
Leaving behind unintelligent comments make you really look stupid
Cristian Neagu (7 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 (1 year 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
Adnane TruthSeeker (5 days ago)
+Just Get Over It Words of gold
Hargaisa (7 days ago)
Just Get Over It - No need to spew wrong information!
Bhab Jan (9 days ago)
Ask yourself, why must the bank get involved in the first place?
DrToil (2 months ago)
Who says you must buy house?
Delta King (3 months ago)
Borrow money from relative
Johnathan Woods (2 years ago)
wow honest
smash ice device (3 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.
Just Get Over It (4 months ago)
so true I am a Muslim convert from Christianity I left working in finance I left the money behind. I never touch interest but here in USA almost all the young Muslims think you HAVE to play with riba to get by. It is because they rather have houses and BMWs than the approval of God. They might as well drink and eat pork. I am so shocked at how so many Muslims do not read Quran. Sometimes I feel like I am not even Muslim... I am just a man who read the QURAN and I believe all of it. Every verse and every word. And Allah is Sooooooo clear on riba. The ummah has no idea how powerful the QURAN is and what a great gift GOD has given the world by sending Prophet Muhammad with the ultimate message to mankind.
Mr. Gardevoir (6 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 (8 months ago)
Too clever
DIESELMO2NV (1 year ago)
smash ice device very well said jews do not charge there own people interest or take interest.
kaonashi (2 years ago)
rly? how do they do it??
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 (2 years 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.
DrToil (2 months ago)
Stay away fro riba. Don't lie to people. May allah guide u and all.
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.
DrToil (2 months ago)
No, the sheik is telling usery is Haram and the choice is ur.
abdulbowhunter (6 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 (7 months ago)
Reliance on Allah is the key
vicious12394 (8 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 (6 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 (1 year 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 (1 year 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 (1 year 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 (6 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 (6 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.
sparkey3603 what's your problem with Muftis getting paid? you jealous?
sparkey3603 (6 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 (6 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 (1 year 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 (6 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?
Mahfuz, M. Saufi (4 months ago)
The alternative is to fear Allah. Submit yourself to Allah and not to Dajjal and syaitan. Insya Allah, you will be succeed.
Samiullah k (1 year 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.
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 (2 years 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?
elrazor (2 years 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 (2 years ago)
Usmaan Sial islamic bank is the best alternative, this man know nothing about islamic finance.

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