Is Your Income Truly Halal? A Deep Dive into Islamic Finance

20 المشاهدات· 24/10/09

Islam4u
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In another episode of Islam4u Podcasts, we discuss what careers or incomes are halal and what can we do to make sure that with the new income opportunities in the world, we stay in the right path. #podcast #islamicpodcast #money #islamicfinance #prophetmuhammad 00:58 What does God loves money mean? 03:40 Imam Jawad and Money

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Transcript

[0:00]the income earning in the household is the man's Duty not the

[0:06]woman's Duty there's a mixture of Hal and Har together which makes

[0:10]it really hard to figure out where you're at every job is

[0:12]allowed unless there's an exception having the exceptions having ethics and rules

[0:18]and then Allah says by all means do as you [Music] wishum

[0:29]welcome to another episode of Islam for your podcasts and thank you

[0:36]for having me thank you for being with us uh the last

[0:38]episode we talked about uh God the fact that God loves money

[0:43]MH and that led to some confusion amongst people that wow why

[0:47]uh does God love money really in what sense uh can you

[0:54]please elaborate on this matter first before we head into the questions

[0:58]on this episode sure now a lot of people might have misunderstood

[1:03]what we were saying that God loves money God hates poor people

[1:08]now Allah subhanahu wa ta'ala he wants the Believers to be hardworking

[1:16]men and women he doesn't want believers who sit at home and

[1:20]do nothing or they expect someone else to pay for them in

[1:25]Islam we don't have such a concept Allah subhah wa tala wants

[1:28]everyone to work so when we say Allah loves money not for

[1:33]himself because Allah is sufficient he gives us money he doesn't need

[1:36]our money but in return when he says I want you to

[1:39]work I want you to earn this is what we're saying Allah

[1:42]loves money because he loves it for his Believers not for himself

[1:46]so maybe that of that caused a bit of confusion and when

[1:51]we say that God hates poor people not the poor people who

[1:54]have no other choice no other means of life because there are

[1:59]millions of around people around around the globe uh maybe you know

[2:04]billions right who don't have any other mean to to earn any

[2:07]income does that mean Allah hates them no we talking about specifically

[2:13]those who have the capacity have the ability live in a country

[2:16]where they can get a job they can earn money they can

[2:19]go into business they can even go online and make a business

[2:22]but rather they just sit at home and say well I have

[2:26]nothing and they do T and Quran to increase their risk Allah

[2:28]says I have nothing to do with you so this has to

[2:32]be like clearly understood when God loves money he loves it for

[2:36]his servants for his Believers even the Quran says say he who

[2:44]for what Allah made beautiful for his servants and we said previously

[2:48]one of the most beauties that Allah created for mankind Is wealth

[2:53]so Allah says I want the Believers to go towards that because

[2:56]obviously they have to use it in the right in the right

[3:00]way so Allah says I love it because I want it from

[3:01]my Believers from my servants thank you for and the same time

[3:05]when he hates it he hates the people that just sit and

[3:07]do nothing so I hope this uh clarifies thank you for your

[3:11]clarification you mentioned about the fact that God loves his Believers to

[3:15]work for earning money yes does that apply to the B as

[3:21]well like you mentioned that some of the imams were working you

[3:25]you had some stories of IM and IM Ali how about IM

[3:33]jaad he was very young when he became an Imam and I

[3:38]have another question which will ask after that question Allah subh says

[3:43]in the Quran and you have an example of the prophet and

[3:49]we said the prophet sallallah Alam up until 40 he was a

[3:55]Tradesman okay he would he would trade and he earned the truthful

[4:04]the trustworthy because of his traits so all the time up until

[4:07]40 he was a hardworking man earning his living alongside his wife

[4:12]lady Khadijah mind you the prophet sallallahu alai married lady Khadijah at

[4:17]the age of 25 lady Khadijah was either 25 or 27 couple

[4:22]of years older than him and she was into business with herself

[4:24]so they were working hand by hand and both of them were

[4:30]making their own earning through business right and that's why then they

[4:34]put that money that they had towards propagating Islam now if the

[4:41]prophet sallam he is the example for us now his offsprings the

[4:44]Imam are the first to apply his Sunnah not me and you

[4:50]so I want to talk about the we mentioned some of the

[4:53]imams and how they had wealth Imad by far in my own

[4:59]understanding is the richest out of all the Imam because it was

[5:03]it said that IM when he goes out in the streets he

[5:06]fills his pocket with gold and silver and he gives it to

[5:11]the poor people or to those who are in need now which

[5:15]begs the question where did IM Jawad have so much gold and

[5:19]silver so that is accumulation of all the inheritance he had from

[5:25]the IM previous imams so we said even the they would give

[5:30]amount their money to Tradesmen to put it to work as we

[5:34]call it today technically speaking called Investments so they put a lot

[5:39]of money Investments under they inherit from their forefathers so by the

[5:45]time was to IM jaad turn even though his father Imam was

[5:49]all the way inasan back in the day and kind of he

[5:54]was under house arrest with the mmon and he couldn't do much

[5:56]but IM jaad Alam had the inheritance of his father and he

[6:02]himself was working for that now yes it's a a little bit

[6:04]blurry into what kind of business was IM jaad into or the

[6:11]previous imams were into because history has hid a lot of the

[6:15]aspects of the lives of the IM but once think for sure

[6:21]that we know they weren't anything but poor they were rich in

[6:24]every aspect so IM J himself like I said the guy used

[6:29]to fill his pockets with golden silver and even we've been told

[6:32]that if you want to have your risk increased ask Allah subhanahu

[6:36]wa ta'ala by the virtues of Imam jaad to increase your risk

[6:42]because he was known for that aspect in his life that he

[6:47]was really rich right so we ask Allah by IM jaad to

[6:49]increase our risk so the end of the day despite the age

[6:54]Gap uh between him and his forefathers in terms of reaching imama

[6:57]at the age of seven or being martyred at the age of

[7:04]25 uh the IM he was working he did not sit thank

[7:06]you uh these aspects of Islam's history were so much unspoken of

[7:15]so we barely know about these aspects of our uh Islamic figures

[7:20]background stories and histories another person that I have a question about

[7:25]is Lady Fatima how about her okay in this regard so this

[7:30]is this is quite interesting see islamically speaking the income earning in

[7:38]the household is the man's Duty not the woman's Duty the man's

[7:43]supposed to go work earn and support his wife and his children

[7:47]that's a duty upon Him by Allah subhanahu wa tala and he

[7:53]must uphold that Duty so all the imams for example they were

[7:57]working earning towards um supporting their family and their wives now with

[8:02]lady is very interesting it's a very controversial issue now the prophet

[8:07]sallallah alai wasam ad doing to the last years of his life

[8:13]uh they want they had a an problem with one of the

[8:20]je Jewish tribes around the Medina and the Jews so they they

[8:24]had two choices they either could go into war with the Muslims

[8:27]or either they pay the jizya which means they give something back

[8:30]in return they either give cash or whatever in terms for them

[8:33]to have this peace between them and the Islamic Nation so the

[8:38]Jews they gave the prophet sallallah alai wasam a piece of land

[8:42]as we call it the land of fedak now the land of

[8:47]fedc was given to the prophet sallallah alai as a gift he

[8:50]didn't take it out of four because if it was out of

[8:53]War it would be a spoil of The Spoils of four as

[8:57]we call and this has to be divided among the Muslims this

[8:59]was was giving specifically for the prophet as a gift right now

[9:05]now the prophet sallallah alaihi wasallam he has 100% share of this

[9:09]land of fedc now what is the land of fedc the land

[9:14]of fedc is a very massive piece of land that had all

[9:16]types of trees and all types of farms agriculture right and it

[9:23]had plenty of workers working in the farm so the land with

[9:26]whatever with whatever is inside it was given to the Prophet sallallahu

[9:30]alaihi wasallam as a gift now that land used to generate a

[9:38]massive amounts of money and guess who takes that money now who

[9:41]the prophet sallallahu alai obviously now the prophet sallallahu alaihi wasallam what

[9:44]did he do with this not he gave it as a gift

[9:51]to Lady FAA right okay now lady fa having said was working

[9:57]and he was making his own income and he was making a

[10:02]lot of income too at least up to until his so alongside

[10:06]she had a piece of land which was an investment which was

[10:12]which was generating a lot of income for her and her kids

[10:16]so the prophet sallallahu alaihi wasallam to even that far he did

[10:19]not leave his children without an investment was something we fail at

[10:24]right we die and our children get nothing they be lucky if

[10:31]you can leave them you know uh some extra change or maybe

[10:34]a house the prophet said no I'm going to leave my child

[10:39]something that she can that she can rely on and support her

[10:40]so he left to the land of fedck and that would generate

[10:44]a lot of amounts of money for her now one of the

[10:48]things that the first Khalifa did he took the Lander from her

[10:51]oh and he said well the prophet said we do not inherit

[10:54]so he came up with this with this issue which obviously uh

[10:58]it's a historical and Theological discussion that inshah we leave it for

[11:03]later so that was taken from her one of the reasons that

[11:08]this land was taken from her is because of the amount of

[11:13]money generates now if the at that sensitive time where they were

[11:18]persecuted where the was taken from themir was uh put under house

[11:22]arrest that means if they have this much money happening and coming

[11:27]towards them they can buy a lot of people they can you

[11:29]know have a lot of supporters because now sadly even back in

[11:34]the day and even now a lot of people you have to

[11:35]pay them in order to for them to have you know for

[11:40]them to give their allegiance to you and they understood that the

[11:43]khif understood that the first Khalifa and he confiscated that land I

[11:46]mean surely after hundred and something years later it was returned to

[11:52]them and which is another source of income for all the but

[11:56]it was given to them after 10 and something years later but

[12:00]at least so lady like the of she had a source of

[12:07]income and a very massive source of income not just a small

[12:11]a small um piece of land that generates like I don't know

[12:17]change not it was generating a lot of income so even her

[12:20]she had her own investment thank you very much so far we

[12:26]discussed uh the historical aspects of Islam in in financial terms but

[12:28]now let's focus on the modern civilizations people right now are questioning

[12:35]that yes we want to have money we accepted the fact that

[12:41]God wants us to earn money we have duties as men even

[12:43]women should participate in this U earning money if if they have

[12:49]the opportunity and so many other things but the fact is the

[12:53]the the first question that comes to mind after uh finalizing the

[12:57]Nia the intention that we discussed last episode how can I ensure

[13:04]and be sure that my money is a halot how can I

[13:12]be 100% um aligned with the Islamic principles in earning money well

[13:16]excellent question see back in the day the income Hal and Haram

[13:23]was very clear and the type of businesses that you can go

[13:27]into they were very specific they didn't have much options uh so

[13:33]it was very clearcut to know which job is Haram which job

[13:39]is Hal right now in our time there's a mixture of Halal

[13:42]and Haram together which makes it really hard to figure out where

[13:45]you're at now luckily speaking uh as Muslims Allah subhana wa tala

[13:54]has always laid the grounds and the rules and regulations for us

[13:58]to find out what is har what is Hal now let's put

[14:04]it this way in the first level as we say in Islam

[14:06]so in the first level everything is Mu mu means is allowed

[14:14]right every job is allowed unless there's an exception okay so once

[14:19]there's an exception then you're trying to figure out the exceptions now

[14:23]out of the mercy of Allah subhanahu wa ta'ala the exceptions are

[14:27]always few comp comp to what is allowed so for example me

[14:33]and you we allowed to drink thousands of different types of drinks

[14:36]we're only allowed we Allah forbade few things for example alcohol blood

[14:41]and anything that's NES and you have hundreds and thousands of drinks

[14:45]that you can drink when it comes to food Allah says eat

[14:47]whatever you want stay away from pork stay from anything that's not

[14:51]killed in the way of Allah and a few other things so

[14:53]the exceptions are always minimal the same thing when it comes to

[14:58]earning income Allah says everything everything is halal to you except one

[15:03]2 3 4 keep these these ones aside and then you can

[15:05]do whatever you want so again when I want to earn income

[15:09]I have to begin with this mindset that everything is halal to

[15:12]me right so I go Venture and try to figure out what

[15:16]I can do and then once I figure out okay I want

[15:19]to get into this business and then I ask a question is

[15:21]that an exception of Haram or not and especially when in areas

[15:28]where it's the shade is not very clear then obviously you need

[15:31]to do more search that's why for example in Islam there's an

[15:36]emphasis if you want to go into business that you learn the

[15:39]rules of business before you go into business like the Islamic Halal

[15:43]and Haram rules yeah these ones have to be understood before you

[15:48]actually go into business Amir he would go in the markets of

[15:51]kufa uh in the morning and he would tell people learn theam

[15:55]of your business learn the Haram of your business because you could

[15:58]you can do something by assuming it's Hal now we have this

[16:01]problem where a lot of people do Haram or work for companies

[16:08]that are Haram but they think it's Halal for example if you

[16:11]work in a bank and the bank you have to issue loans

[16:16]to people as we call riba interest so you're issuing riba or

[16:19]you could be working in an insurance company and that insurance company

[16:22]for example ures Haram products or you could for example be working

[16:27]in a restaurant that restaurant serves Haram food and so on and

[16:31]so forth so yeah working itself is not a problem but you

[16:33]have to figure out whatever you're in does it do anything Haram

[16:39]that in return might affect my income being Halal and Haram so

[16:42]we begin with the with the fact that everything is halal and

[16:47]then work for the work your way through the exceptions and then

[16:51]you can you can easily manage your way through it can you

[16:55]mention those Haram principles so we can be aware of them so

[17:00]in the Quran there are a few things mentioned in name for

[17:05]example um Allah says he made all that which is which is

[17:11]impure to your Haram for example the selling of alcohol buying selling

[17:21]alcohol going into any business that has alcohol in it that's Haram

[17:25]so go into self drinks go into juice go into whatever products

[17:32]you want that is drinkable that's Halal The Only Exception is what

[17:36]alcohol or anything that might have alcohol which makes that drink Nas

[17:41]so anything that in this regard you avoid it two Allah says

[17:44]pork in the Quran is mentioned so anything that has pork or

[17:52]anything that's slaughtered not in way or anything that sometimes the animals

[17:57]are dead and they sell dead animals uh or they killed and

[17:59]none of Islamic way Allah says this is Haram you want to

[18:03]go into this business of meat for example poultry by all means

[18:06]there are plenty of animals you can buy and sell and you

[18:11]can make a profit out of but stay away from pork dead

[18:14]or non- islamically slaughtered so also again the choices the exceptions are

[18:20]very very less then Allah subh for example he talks about interest

[18:23]riba which is a very sensitive topic which inshah I hope that

[18:28]we dedicate enough time for it because a lot of people uh

[18:32]especially the Muslims in the west they are victim to interest on

[18:35]RBA without them knowing it whether they are getting Insurance of a

[18:39]car of a home whe they are buying home or mortgages or

[18:42]h house loans or even car loans sometimes even mobile phones they

[18:45]get on interest so this this has to be understood that a

[18:49]lot of people get into it they doing something Haram without them

[18:53]realizing so Allah again he forbade riba he said you can do

[18:58]any type of investment but make sure that when you deal with

[19:01]someone is not in the on in the expense of the other

[19:06]party where you demand to have double the return or more than

[19:09]what you give this is what R in will explain in its

[19:14]own time or for example Allah talks about gambling anything that's gambling

[19:20]Elam uh Allah says in in the Quran gambling Allah says this

[19:24]is also Haram so a type basically don't work in a casino

[19:29]you know what I mean don't go to Caso don't play the

[19:33]the games themselves and do not gamble your money into because you're

[19:36]going to be losing it so these are few things that Allah

[19:38]mentioned in the Quran and throughout the Hadith basically the principle is

[19:44]whatever you do as long as it does not constitute cheating lying

[19:50]stealing from people sometimes you could do a normal business I could

[19:56]be a grocery a I could have a grocery shop but I

[19:58]would cheat people I would lie to people I would steal from

[20:02]people I would even like charge them extra Prophet which is also

[20:05]forbidden in Islam there's only certain amount of profit you can make

[20:07]you can't just go make wherever profit because you can and since

[20:12]we're talking about that there's a beautiful story from sad where he

[20:16]gave his money to one of the traders to do business for

[20:18]him he's like the guy said to the Imam I'm going to

[20:21]this country and I'm gonna going for trade theom says here's a

[20:24]portion of my money uh work it you know put it to

[20:30]work get bring me profit of it so the guy goes comes

[20:32]back after a while and he gives the IM like tenfolds his

[20:37]money and the was surprised like how could you make so much

[20:39]profits from this amount of money I gave he said oh we

[20:45]went to this place and there this item was on demand so

[20:48]we hacked up the prices you know and the said to him

[20:53]I don't know the IM curse him like this money is cursed

[20:54]I don't want to touch it you can't do this to people

[20:59]because they're in demand you're not supposed to use that against them

[21:02]to make a lot of profits which a lot of people doing

[21:04]these days you know what I mean so even in Islam when

[21:07]it comes to the amount of profit you can make uh Islam

[21:11]put a limitation on that so when it comes to again when

[21:13]it comes to doing businesses and trying to earn income you have

[21:18]to make sure that you maintain the Islamic morals and ethics in

[21:22]this regard to make sure that your money is halal so like

[21:26]I said the exceptions are very few the exceptions are very now

[21:29]and then you have to maintain your and your ethics Islamic ethics

[21:34]in terms of dealing with people there's a beautiful story where one

[21:38]of the companions of IM Ali Tamar Tamar means the person that

[21:42]sell dates pal dates right so Ali came he sat next to

[21:48]M and M was selling dates and M said to IM Ali

[21:51]could you please stay here for a while I need to go

[21:53]do something and come back quickly could you you know so the

[21:57]says sure sure so the Imam was telling the dates for uh

[22:00]a person came to he said give me some dates so the

[22:05]IM gave him dates the man was trying to hand over the

[22:11]money toirir do not take it from him said place it on

[22:12]the table so the guy plac his money on the table took

[22:16]the DAT and he left a short while later the man comes

[22:21]back to the IM says you dat a sour or they bitter

[22:23]right he's like I don't want them give me my money back

[22:28]and then I said him Tak your money for your money is

[22:30]Haram you know our days are not sour your money is Haram

[22:36]you earned your money from a Haram source so the idea is

[22:38]you can sell whatever you want but as long as you maintain

[22:43]the Islamic ethics and the Islamic ruling in regards to selling and

[22:47]buying so having the exceptions having ethics and rules and then Allah

[22:53]says by all means do as you wish I'm citing your own

[22:59]words I'm sorry um as you mentioned back in the day it

[23:02]was very easy and simple to understand the difference between Haram and

[23:10]Halal income but today there's a fine line between uh what Halal

[23:15]and Haram is with so many different options online um sources of

[23:23]income yes things that we don't know about like uh the new

[23:27]uh pyramid scheme that we see yeah even there are doubts about

[23:35]cryptocurrencies so many other online businesses that offer you money but we

[23:38]don't know about the people behind them we don't know about the

[23:41]and and the the the other thing is that with the growth

[23:47]that we had in production and in manufacturing different products and companies

[23:55]being under one umbrella of another bigger company these are things that

[24:01]making it very difficult for us to understand whether our income is

[24:06]halal or Haram and I have so many other questions regarding investment

[24:10]itself because there's all there's always this fine line between investment and

[24:18]reel what should I do to to become an investor and what

[24:24]should I avoid to not put rabar in my income mhm so

[24:31]so first let's talk about this modern situation situation this life that

[24:36]we have and this fin line that we talked about yeah and

[24:39]then we'll go to explore the different aspects of investment all right

[24:43]so when it comes to the thin line that you mentioned we

[24:49]have to keep something into in our minds at all times that

[24:53]there are two paths they go side by side but each lead

[24:59]to a different destination there's the path of Allah subhah wa ta'ala

[25:02]and the path of Shan and Shan's job is to try to

[25:11]make sure that you earn as much Haram as possible because we

[25:14]have the concept of eating Haram food that would have an effect

[25:17]on your spirituality would have effect on your heart would have effect

[25:21]on your morality ifan could manage to get you into something Haram

[25:28]he succeeds right soan always always tries to mask that which is

[25:34]Haram with something Hal so that's why so when with Islam we

[25:38]say ignorance is not a bliss right so because sometimes people says

[25:44]I wish I didn't know this no Islam says no ignorance is

[25:47]not a bliss so we said first first of all if you

[25:51]want to venture into anything the first thing you should ask yourself

[25:55]is what am I dealing with here so for example let me

[26:00]give you an example so okay like you mentioned the perid schemes

[26:03]per schemes like 99.9 of them are Haram because they are designed

[26:13]to like one person that steals from another person and and you

[26:16]you force them to see from someone else and there's no return

[26:19]in it there's no goal in it there's no product in it

[26:22]even though they might have a product they're trying to sell right

[26:25]so most of these permit schemes are actually har because the the

[26:29]foundation itself is wrong it's not like you're taking a product and

[26:34]you're selling it you make a profit someone says you know what

[26:36]uh here's a product that if you sell it you'll make a

[26:40]lot of money um and what you need to do is you

[26:41]need to sell this product the same product I'm giving you you

[26:44]need to sell to 50 people and each one sells it you

[26:46]get an income and you say okay sure how do I do

[26:49]what do how do I start he like oh give me $1,000

[26:51]and then you can go on your way so this is like

[26:56]literally stealing from me by just giving you something that's not going

[26:59]to work so I have to ask myself the question so if

[27:02]I want to go into a permit scheme who's behind this permit

[27:06]scheme what is it selling what is what is the outcome of

[27:08]this permid scheme obviously I'm not going to call it a scheme

[27:12]because I don't know so I have to ask the questions first

[27:14]to to clarify for for myself or for example uh I'm a

[27:18]programmer right I write codes for a company for applications now if

[27:25]a a company wants to hire me and to do a program

[27:28]for them to write a code for them or do a website

[27:31]for them what is that site of this program is going to

[27:36]be used for is it going to use be used be used

[27:37]for let's say something Haram say someone wants to have pornography website

[27:42]you're going to design that site for them or an app that

[27:47]for example has music and has stuff that Haram or for example

[27:49]you design design an app for to sell alcohol so you have

[27:54]to ask yourself okay sure I will do this job for you

[27:58]but what's what is it going to be used for so these

[28:00]questions you have to ask yourself is it does that business that

[28:03]I'm going to go to does it align with Allah's line or

[28:08]does it align with Shan line is this one of these things

[28:13]where Shan trying to convince me that because what Shan does Shan

[28:16]is very smart mind you he doesn't come he doesn't come to

[28:18]you and says to you well this is Haram don't do it

[28:23]right the problem that I have I'm sorry to interrupt you is

[28:30]that to be frank okay this sounds nice on the paper but

[28:32]that doesn't work in the real life because the the things that

[28:38]we have in the real life are far more too complicated than

[28:40]what you're saying MH like I know that I won't design a

[28:43]website that is going to sell alcohol on it or other stuff

[28:50]that you mentioned I every day come across different projects uh businesses

[28:55]like every day you see like affiliate marketing Drop Shipping this and

[29:01]that investment like every day you see like even the world of

[29:05]cryptocurrencies you see that someone says that you have to just give

[29:10]me your money I will give you uh some part of share

[29:12]if you just give me your cryptos so I can use them

[29:18]as a fundamental of the chain so I'll call it staking okay

[29:21]so I'm not using I'm not uh seeing any Shayan in it

[29:28]to be honest yeah um I don't know if it's rabar or

[29:32]investment and the the idea is being sold to me as as

[29:38]as a as a part of a chain like I'm I'm I'm

[29:43]being part of the process so I'm contributing to something and I'm

[29:47]getting my share in return yeah so those things that you mention

[29:53]are far too simple and they sound nice on paper but the

[29:56]real dilemas and problems that we have in the world are far

[30:00]more too complicated than what you're saying so give us a checklist

[30:04]like I understand what you're saying but give us a proper procedure

[30:07]of how to deal with this instead of just um you know

[30:14]getting rid of the obvious options out of the the choices that

[30:18]we have yeah and then focus on what real things are being

[30:23]offered to us all right so one thing comes to mind you

[30:24]know we have the saying that if something if something is good

[30:29]to be true then it is good to be true right then

[30:31]it can be true see the like I said the the way

[30:36]shatan works he tried to glorify and glitterfy if I can use

[30:41]that word things for you to make it more glittery more juicy

[30:45]that you cannot refuse and he mask this very well now to

[30:48]make things more simple like I said we have the exceptions stay

[30:55]away from the exceptions one two which is more important if it's

[30:58]it should be number one is that you should learn your Islamic

[31:05]rules and regulations so the idea happens we fall into RBA interest

[31:10]we fall into Haram businesses is because we don't understand the right

[31:17]from wrong Halal from Haram if you don't understand your Islamic rules

[31:21]then obviously you're going to do something Haram give you example um

[31:25]a while back a week I go less more I was speaking

[31:32]to this friend of mine he he does loans for people right

[31:34]so someone do something did something wrong with him right legally done

[31:38]something wrong now this brother uh that that issues loans he had

[31:45]the he has the opportunity to find these people who done wrong

[31:49]to him and take money from them but he didn't right so

[31:54]I said to him why didn't you legally you have the right

[31:57]to to take money from them and he said to me he's

[32:01]like I could not justify it for myself when I could just

[32:04]end this case without having to take money of them if I

[32:06]was forced by the law to take money from them that would

[32:10]have been a different story but I had a choice I could

[32:11]cancel the the whole application and I I don't have to charge

[32:17]them anything or I could pretend that no I'm forc take money

[32:22]and that would be form of stealing so this man he knew

[32:25]his ethics and his rules and regulations in this regard so unless

[32:31]you have the prior knowledge of going into a business you're going

[32:34]to have a lot of issues so what clarifies things for you

[32:37]in terms of doing business is how much information you learn prior

[32:43]to that and that's why I said the they focus so much

[32:46]on first understanding the rules of business before going into business and

[32:52]then becomes clear for you can you provide us with any references

[32:57]so we can go and explore and learn learn about that again

[33:00]when you ask me about references you should ask me before you

[33:03]bring me to the studio just like a source I mean a

[33:07]source that I can go to read it and and learn about

[33:12]whatam teaches me about I'm going to give you like an easy

[33:14]way an easy way see uh we have a book that's called

[33:20]the Islamic rulings we call it so we have a book of

[33:26]rules Islamic rules called Islamic rules every scholar that we have or

[33:30]every Mar that we have or even if you go to different

[33:34]sects in Islam they had this Book of Rules of we refer

[33:37]to as Juris Prudence is in two parts right one part we

[33:43]call I which is worship acts how to pray how to fast

[33:47]how to pay your homes how to pay zaka Jihad are marriages

[33:52]nikah and all that these things is classified and cleared in the

[33:57]books of I worship to to Allah then they have another chapter

[34:05]or another book beside the we call traits in this book of

[34:11]traits you have every law that you can think of is stated

[34:14]in these books what they tell you first what is Haram to

[34:20]trade what is Haram to sell what is Haram to buy is

[34:24]it going to be different by any one me to another 99.9%

[34:27]is the same they might differ on small uh pieces of information

[34:37]due to the fact they are recent and there is no of

[34:39]qur to back then that's what the M comes and he gives

[34:43]his own opinion and Industry God it says I think this is

[34:45]Haram one of the things for example to give you an example

[34:48]of this is a cryptocurrency some of the mar they said we

[34:51]don't have a say in this because we don't know either the

[34:56]lack of their understanding of how crypto currency itself works and who's

[35:00]behind it it's like it really doesn't make sense to us because

[35:03]I've read a lot of Scholars uh fatwa in this regard they

[35:09]said we clearly have no idea how this thing works and clearly

[35:11]no one does either because no one knows who's behind it no

[35:14]one knows how this work is it you know stable not stable

[35:18]is it a bank is not a bank no one knows so

[35:21]some of the mar some of the SCH they put a stop

[35:24]on they said we don't know go to someone who knows some

[35:26]said no this is Haram because you're dealing with non-existent currency so

[35:32]it's Haram some no so then again depends on who you follow

[35:38]but these are with the m as we call them the questions

[35:40]and the Affairs that are much more recent right so they might

[35:45]the and the schulls might differ but in everything else they always

[35:50]the same they will give you like m one issue one issue

[35:52]two issue 100 so if you want to know exactly what's Halal

[35:56]what's Haram how to do this this is your preference go to

[35:59]the traits of any scholar aren't those books too complicated for normal

[36:07]guy like me to actually actually the idea the idea of these

[36:10]books were is that they were simplified for the common people like

[36:13]me and you to read that's the idea so the what the

[36:18]scholars would do they would go to the Quran they would go

[36:19]to the narrations of the Prophet sallallahu alai and the narrations of

[36:23]the IMs and they would extract from an entire Hadith they would

[36:31]extract a ruling they say to you for example riba is one

[36:34]2 three they first explain to you what RBA is how riba

[36:37]Works they give you all this information and they tell you okay

[36:40]if you do one this is riba if you do two this

[36:44]is RBA and what's beautiful sometimes that these Scholars a lot of

[36:47]people ask them questions that they go through in their daily life

[36:52]but I work in the bank and I do this and this

[36:56]is my work Haram I work in a restaurant I have to

[36:57]deal with in plates that are alcoholic they were used for alcohol

[37:03]or I work in a restaurant where there's uh pigs being consumed

[37:06]and served is itam for me even the Mara and their websites

[37:10]they have these questions and they have given answers to so if

[37:16]you want any reference that's comprehensive in Islamic La regarding traits then

[37:23]that's your Source pick a merer go to his website download his

[37:28]PDF m the questions that he has to present and then you

[37:31]find everything there if you also not sure for example you want

[37:36]to get into something and you know right like you said the

[37:41]beginning it's it's really hard these days it's as simple as sending

[37:43]a question on a website sending an query say look I want

[37:46]to go into this business a permit scheme it works like 1

[37:50]two 3 4 is it Hal Oram and you get an answer

[37:53]the same day sometimes a lot of this Mar they would have

[37:56]like a WhatsApp account where they rep you within an hour so

[38:01]things are also very simple in terms of trying to get the

[38:04]Islamic rulings regarding so the the reference for people is already ready

[38:09]for everyone to read that's why I'm saying so the first step

[38:15]is to read it read this m read this uh references and

[38:17]see thank you in the beginning you mentioned that uh there are

[38:23]a few exceptions that slum presents in order to to bring up

[38:29]the con concept of Haram income yeah but now as we grew

[38:35]into this discussion you added more aspects like uh if I am

[38:39]involved in a business that is operating in Haram uh world if

[38:44]I am lying if I am doing this so my own characteristic

[38:52]my own behavior some Islamic principles against Haram income and some other

[38:57]features and unknown uh unclarities yeah within this yeah so to be

[39:06]honest how I feel right now compared to the beginning of this

[39:09]show is that wow I might be in trouble I might be

[39:14]involved in something that I didn't know you even mentioned about the

[39:17]fact that when Muslims are victims to the mortgages and and yeah

[39:26]uh Insurance loans and everything yeah so basically despite the fact that

[39:31]you claim the there are few things exceptions uh that are going

[39:35]to be against Halal I right at the moment think that oh

[39:39]my God I might be in it yeah in every aspect of

[39:45]my life which is quite bizarre yeah so how can I first

[39:50]uh tell me if I'm thinking correctly towards this or not second

[39:56]how should I get rid of this feeling third word am I

[40:00]uh how can I clarify this sense so I might not step

[40:07]foot in into another Haram income anymore okay so let me clarify

[40:12]the three questions in one now we said that are business yeah

[40:19]everything is halal unless as we say unless that was exempt with

[40:27]an evidence from the Quran or the Hadith says the Quran says

[40:31]pork is Haram I can't go into that he the Quran says

[40:33]gambling is Haram I can't go into that he says alcohol is

[40:37]Haram I can't go into that so that which I have an

[40:40]evidence for I leave it aside everything else becomes Hal so like

[40:43]we said so first the the area where we have we can

[40:49]move into making income is very vast is very big okay now

[40:52]you have to remember two things so you said well now things

[40:58]got more complicated now as Believers me and you we required regardless

[41:02]of business or not we have what we call morals and ethics

[41:05]and and the prophet sallam when he came he made one statement

[41:11]he says I was sent to perfect morality because Arabs back in

[41:18]the day they used to deal business but not the fact that

[41:21]the business whether it's Halal Oram the business could be Halal could

[41:26]be 100% Halal the problem is the conduct in that business and

[41:29]I gave you an example for example I can sell Tomatoes tomatoes

[41:34]are Hal but if I cheat people you know like what they

[41:36]do and and some countries they still do this is that you

[41:39]go to the shop they won't allow you to select your own

[41:41]Tomatoes you have to tell them look give me a killo of

[41:44]Toma he has to give it to you so what he would

[41:46]do he would keep the nice beautiful tomato on the outside right

[41:49]as a a show and under he has all the bad tomatoes

[41:53]so what he would do is he fill a bag with the

[41:56]bad ones and he put fewu on top on on that you

[41:58]don't say and he sells it to you now that's cheating now

[42:01]cheating in every sense of the word in every trade whether for

[42:05]business or not business I'm not supposed to cheat you cheating is

[42:10]Haram so this is a moral concept not a business concept so

[42:13]when you go into business you have to go with your you

[42:16]have to go with your morals you have to go with your

[42:18]ethics you don't go like like a vicious man like with businesses

[42:21]these days these these days when people go into business they go

[42:26]with this with this evil n with this evil self that they

[42:29]have which they try to take as much as they can in

[42:32]any way they can it doesn't matter so for example you know

[42:34]they they they they said this that the iPhone 14 pro Max

[42:40]or i iPhone Pro i iPhone 14 you know how much it

[42:46]cost to make $10 10 they were selling it for $1,500 up

[42:52]to 2,000 depending on how many gigs you have now that's that's

[42:58]just beyond like you're literally starving Humanity because you're putting pressure on

[43:02]a lot of people to be slaves to create this iPhone and

[43:04]it costs you only $10 but look how much you're getting out

[43:09]of it now obviously those who sell these products they have no

[43:13]ethics all morals whatsoever so Allah says everything is halal to you

[43:17]but when you come to it come with your come with your

[43:21]moldes come with your ethics so this not putting restriction and limitation

[43:25]on the product that you're selling this has to do with you

[43:28]as a person to come with the humanity into it so when

[43:32]the when the prophet they used to make sure that when people

[43:35]deal with with people they have to be very fair so Allah

[43:39]in the Quran when he talks about some of the prophets one

[43:42]of the issues that Allah even send the prophets too is because

[43:45]they for example I think if I not mistaken Prophet Allah sent

[43:52]him because people used to tr they used to they used to

[43:58]um play with the with the scales M right so instead of

[43:59]putting giving you a kilo they give you much less and you

[44:04]think it's a kilo so the Allah sent a whole Prophet to

[44:05]correct this moral value not the business value what they were selling

[44:10]was Hal but the way they were dealing it is Haram so

[44:15]in everything Hal that we do I can do something Haram give

[44:16]you example your Salah Salah is you have to do it but

[44:22]Mas could be Haram if I starty to show off right I

[44:26]can turn something Hal into something Haram I can do which is

[44:31]but becomes Haram if I try to show off or I try

[44:34]to do on people trying to say oh yeah I done this

[44:37]for you I gave you this Allah says then I have no

[44:39]need for that so the idea is that we should not uh

[44:44]mix the ands and ethics with rules and principles regarding the business

[44:49]so these are two different things different things so a business is

[44:53]Hal you can do whatever you want for example you can be

[44:56]a farmer you can sell whatever fuit you want want you can

[44:58]sell whatever vegetables you want you can sell to anyone but you

[45:04]have to maintain your what Your ethics your and your morals these

[45:07]are compulsory the same that you have to maintain in your house

[45:10]with people it has to be also maintained in business as well

[45:16]so I shouldn't have had them mixed in my mind so these

[45:19]are two separate things SE and I should be following the ethical

[45:24]rules in every aspect of my life regardless of whether business or

[45:27]no bus business yeah and for the business itself there are some

[45:30]regulations which are very few very few and I have to read

[45:35]them understand them and apply them in my life Yeah so basically

[45:37]if I can simplify these rules for you for example do not

[45:41]go into anything Haram that God made Haram which is very obvious

[45:44]right do not charge people extra extra profit more than what what

[45:48]you should be should be doing maintain your that's it thank you

[45:52]whatever you want thank you very much it was another episode of

[45:59]Islam for's podcast and in the topic of Islamic finances there are

[46:03]a lot more to discuss of course I have a lot more

[46:08]to ask you uh so many good questions were answered today by

[46:10]you thank you very much I hope that the viewers had also

[46:15]had their questions answered and this episode has given them an Insight

[46:18]also yeah also if they have questions they can also ask us

[46:20]yeah they can ask us the question because we want to make

[46:23]it this more relatable to people than anything else so if they

[46:27]have any questions they can always is Sho it in and and

[46:32]we're going to have more modern situation questions ask from you for

[46:36]the next episode yeah we have to deal with the what people

[46:40]actually going through yes once again thank you see you soon inshah

[46:44]in goodbye thank you for having me thank you

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التالي

Is Your Income Truly Halal? A Deep Dive into Islamic Finance

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التالي

Is Your Income Truly Halal? A Deep Dive into Islamic Finance

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