Kind: captions
Language: en
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what fordul.
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If you look around you, you will find
that the whole world
relies and depends entirely
on ribba and it's the backbone of
transactions nowadays unfortunately
which shows you how far people are from
Allah the Almighty and his Sharia and
his rulings
and this what what may cause some of the
Muslims who have weak iman and to doubt
why is ribba haram? I could be rich. So
many
women who are either widowed or are
divorced and have a lump sum of money.
They say it doesn't make sense. I could
put my money in a time deposit and get a
hefty percentage out of that every month
and live on it without working. Why is
it haram?
Well, there are many reasons.
As Muslims,
we don't have to look in to into any of
these reasons. What? Yeah, you'll find
in your textbook
so many reasons prohibiting ribba. As
Muslims, we don't need these reasons
because we only rely and depend and
follow the commands of Allah and the
teachings of his messenger sallallahu
alaihi wasallam. That's sufficient for
me. But for non-Muslims,
for Muslims who have weak man and seek
more uh elaboration,
well, we can say to them first of all
reeba
harms the poor and the needy
because
and this we see with our own eyes,
many many poor people when they have a
need to pay debts or rent and they can't
find the money, what do they do? They
they go for a quick fix. They borrow
from the bank with interest and they
would be
indebted for their whole life enslaved
to the bank
and the debt increases by time. So
instead of being required to pay this
much, next year they have to pay this
much, the following year this much and
five years later they may
just submit their home or whatever they
have to the bank and still be in debt.
And you can see the
international monetary fund is it IMF
where they give loans with interest to
countries and these countries are
indebted to them for the past 40 years
and the original loan was
1 billion. Now they owe them 20 billion
or 100 billions and they said yeah this
is business. No this is ribba this is
user this is haram.
The moral system collapses
when people deal with ribba because they
don't care whether you sell your kidney
whether you go into prostitution. I want
my money in addition to
the interest. And we know
the infamous reputation of lone sharks
and how they go with a baseball bat
breaking people's knees if they can't
pay back the money. Islam does not have
this. Ribba teaches people to be lazy
because
people are dependent on sitting on their
backside and getting more and more money
without the need to go to the market to
make industries or factories or sell or
produce anything. So they like this
easygoing living
and rising on the shoulders of the poor
and on others.
And this is why when ribba spreads the
whole market collapses
because industries that borrowed with
interest if they fail
the whole industry falls.
But the one who lent the money, the one
who deals with ribba becomes richer and
all others become poorer. And it teaches
people to consume other people's wealth
to devour their wealth unlawfully. I
don't care whether you die or whether
you do whatever you do. All what I care
about is how and when I'm going to get
my money back. They say that dealing
with ribba makes the prices go up
because those who produce and
manufacture
when they borrow they have to compensate
the interest by raising the prices which
would burden the people more and more
and the
spending power would be hugely reduced
because people would suffer and they
would not be able to buy when they're
required to pay so much expenses on the
loans they've got. So, they have to
reduce their buying power. And we've
seen the problems caused by the credit
crunch that took place in 2008
when foreclosures.
Millions of people lost their homes
because they could not pay off their
mortgages. Till date we see people
living in homes they thought it was
fulfilling their American or European or
Canadian dream through mortgages which
is haram which is ribba and 10 15 years
down the line when they're unable to pay
they take their homes and kick them out
and all what they've paid goes down the
drain. This is not part of Islam. When
you look at what the people say in the
west in non-Muslim countries about the
prohibition on ribba, they admire
the Islamic financial system. And there
are so many people who say, "Wow, this
is the system that we in the west should
adopt." And there are so many quotes you
will find in your text. I don't feel uh
good about reading it but you can go
through it. It's very beneficial. And it
tells you that non-Muslims
they themselves say that money does not
give birth to money. Money does not
produce money. And if banning the sale
of money for money or wealth for wealth,
this is the ideal solution to to our uh
uh crisis in the economy throughout the
whole world. If we just manage to do
this, we would be in way way better
hands than and situ situation than we
are today.
What about dealing with banks? Because
we have to deal with banks on daily
basis. Our savings are in banks. We make
our payments through our banks. So, we
have to have bank accounts. So, what is
the ruling on the banks giving us
money
interest for whatever we deposited with
them? The jurors say deposits with the
banks are actually loans.
Therefore, whatever the bank gives you
in return for your deposits, it's ribba.
Now, a lot of people
don't understand this
and I understand they don't have
knowledge.
It's like a child who goes with his
father to the doctor and he says that
your son has the appendix. We have to
take it out. You have to extract it. We
have to perform surgery.
And the father tells his child that we
will cut you open to take something
that's harmful. The son doesn't
understand. No way he will understand
that you're going to cut me up with a
knife and I'm going to bleed and you
expect me to understand.
He's a child. He's ignorant. The vast
majority of Muslims are like this. Yet
they want to
understand and comprehend something that
is way above their pay grade. That's why
we have scholars.
But in a simplified way,
when I put my money in the bank, the
bank does not keep it for safekeeping in
a deposit box
untouched.
That would have been a deposit.
It's called amana.
So if someone comes to me and says,
"Shim, I'd like you to keep this $1,000
with you until I come back from my
travel next month." Okay. If I take the
money and I keep it in my safe,
if anything happens
to my house, if a robber breaks in and
steals it, if the house is burnt to the
ground and the money is burnt, when the
person comes back a month later and
demands his wealth, I say, "Sorry, my
house was burnt or a thief broke into my
home and stole your money and my money.
The man has no right to demand his
$1,000.
Even if he goes to the police, the
police would say, "I was this a loan
or was it entrusted with him for
safekeeping?"
This is the difference. He would say,
"No, it was entrusted with him." Said
there's no liability on him. When you go
to the bank and give them $1,000
for deposit, they don't keep it for
safekeeping.
They put it with their other wealth and
they use it. 80 90% of what they use it
for is to lend it to other people with
interest.
So even if the whole branch is burnt to
the ground or bank robbers come and
sweep it clean,
when you come tomorrow and I say, "Uh,
give me my $1,000," they'll get it from
elsewhere and say, "Here it is." They
won't say, "We're sorry. We were robbed.
The bank was burnt." So they are liable
because they guarantee that they will
deliver it back which means it is not
entrusted with them. Rather it is a
loan.
And this is why if it was entrusted with
them, if they are
considering you a partner, you should be
having your share of the profit when
they make profit. But if they make
losses, if they built a building or
built a factory and it went broke and
they lost, you will share the loss. When
you deposit $1,000, you don't lose a
penny. It always grows, which means it's
a loan and they're giving you interest
on it. And such interests are andba.
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to
softening. Fore!
Foreign! Foreign!
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