Why is Interest Forbidden in Islam? - Sayed Ahmed Al-Qazwini

4 المشاهدات· 22/04/13

Al-Rasoul Islamic Society
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Al-Rasoul Islamic Society || Halifax - Canada

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[0:11]respected brothers and sisters assalamu alaikum jamaica charging interest on a loan

[0:23]has been condemned by both christianity and islam when we come to

[0:32]christianity we notice that the bible condemns charging interest in numerous verses

[0:38]for example in the book of leviticus and exodus there are clear

[0:44]verses that indicate one cannot charge interest on a loan when it

[0:50]comes to someone that is in need someone that is not wealthy

[0:52]but furthermore the book of deuteronomy tells us that charging interest towards

[1:02]anyone is banned by christianity by the bible the verse in deuteronomy

[1:07]says that you shall not charge interest for a loan from your

[1:11]brother so whether the brother is rich or poor you cannot charge

[1:15]interest you cannot charge interest on a loan from your brother interest

[1:20]on money interest on food or interest on anything that is lent

[1:28]so the bible categorically bans charging interest for anything and that's why

[1:33]we read that in the 12th century the catholic church under the

[1:39]guidance and under the leadership of the pope they met in what

[1:43]was called the third council of the lateran they met together to

[1:50]try to what to try to agree on the laws of christianity

[1:53]one of the laws that was passed in this council was that

[1:59]if a christian was found to charge interest on anything towards anyone

[2:08]that individual would be excommunicated from the community and he would be

[2:12]denied the grace of the church and the services of the church

[2:18]including burial if a christian was found he's charging interest he's giving

[2:23]loans and then he is what he's asking for interest even a

[2:26]burial he'll be denied this is how severely they were fighting against

[2:32]interest this is how big of a crime a sin they were

[2:37]seeing interest that this person will not receive any of the services

[2:40]you can imagine if today america comes out and says that whoever

[2:45]a muslim is found dealing with interest then this person cannot attend

[2:50]the masajid cannot ascend the hussaini yacht they will not receive any

[2:54]nikah any nikah service correct they'll get a big tab and when

[3:00]they die the muslims cannot go and bury him this is what

[3:03]christianity the catholic church had decided on in the 12th century because

[3:07]interest to them was a very big sin but unfortunately it was

[3:13]towards the 19th or the 20th century that they began to loosen

[3:16]up things and then they ultimately they allowed interest altogether so this

[3:22]is with christianity when you come to the religion of islam you

[3:28]find islam is likewise against taking interest it is considered amongst the

[3:31]come to the holy quran you see in what strong language allah

[3:38]condemns interest taking interest and surah allah subhanahu wa says in 275

[3:44]he the quran says those that devour riba they charge ribba and

[4:01]they eat it these individuals are like the ones that have been

[4:05]possessed by the shaytan and then the quran says the quran says

[4:16]yes the people of jahaliyah try to make excuses they try to

[4:20]justify and argue for interest for iba but allah says at the

[4:25]end of the day allah it is haram unequivocally there is no

[4:30]way you can take rabbah from anyone so this is one verse

[4:35]in the holy quran you see the strong language against but then

[4:40]continue reciting surah till baqarah in 278 allah subhanahu wa ta'ala is

[4:44]even more severe in his tone you see allah subhanahu wa then

[4:49]says oh you who believe fear allah why should we fear allah

[4:55]what are we doing stop charging to other people that the people

[5:03]of jahaliyah they became muslims but they continued some of the practices

[5:07]they would still take what they would still take some of the

[5:11]interest of the loans that were pre-islam the quran says you can

[5:14]no longer charge any ribba and then look at the threat that

[5:20]the quran makes the quran says he says if you do not

[5:28]if you do not eat if you continue taking interest then allah

[5:32]and his messenger will wage a war against you allahu akbar you

[5:37]see the strong condemnation the strong words against riba that if you

[5:42]want to continue charging people ribba then know that you are waging

[5:46]a war against allah allah will wage a war against you his

[5:49]messenger will wage a war against you and then the quran says

[5:58]yes you can take if you repent to allah you can take

[6:03]back your principle the original amount as long as what you forfeit

[6:07]all of the interest so you see islam it sees a ribba

[6:13]interest as one of the kabba one of the grave sins such

[6:18]that hashami bene i give someone a thousand dollar loan i tell

[6:41]him give me back one thousand and one the imam says that

[6:47]one extra dirham or dollar is worse in the eyes of allah

[6:51]it's worse of a sin than fornicating fornication is bad as it

[6:59]is zina but imagine if it's with a maharam allahu akbar something

[7:02]we can't imagine and not just once it's as if you had

[7:07]done it 70 times and this is just one dirham so you

[7:10]see the strong language the condemnation from the quran and from the

[7:13]imams of albeit now if i had given someone a loan and

[7:21]i had asked that person a friend that you have to give

[7:24]me interest unfortunately even between muslims i hear stories they give loans

[7:28]and then they require interest does that mean that the loan is

[7:34]battle it's invalid no the mention that the loan is correct but

[7:39]the interest will be battle the interest is what will be invalid

[7:42]and that's why if a friend one day tells you i'll give

[7:45]you a hundred dollar loan but you have to give me back

[7:47]a hundred twenty the allah say you can accept say okay but

[7:51]then give him back 100.

[7:53]you don't have to give back the extra twenty dollars because that

[7:55]will be haram you can give him back the principle so you

[7:57]can even accept but then do not give the extra and the

[8:02]mention it's only haram to take interest if you had demanded it

[8:08]listen carefully many people don't understand this if i give a loan

[8:11]and i demand that you give me interest this is haram but

[8:15]if i give a loan and i don't say anything i say

[8:19]12 this is a thousand dollars but then you find the lender

[8:21]when he comes back he gives me back a thousand one hundred

[8:25]can i take the extra 100 yes this is halal why because

[8:27]you never asked for it you never asked for it you never

[8:32]required it only when you make it a condition when you stipulate

[8:36]it in the in the contract of the loan this is when

[8:40]it becomes haram so these are some laws regarding the loan now

[8:45]the question is why is islam so against interest why does islam

[8:51]condemn interest to this level because when we look around today we

[8:58]find every country every banking system every economy deals with riba deals

[9:05]with interest tell me which country on earth today they do not

[9:08]have riba they do not deal with interest this is something that

[9:13]everyone does so what's the problem with it why does allah subhanahu

[9:17]wa ta'ala condemn it with such strong words and what's the likewise

[9:22]with riba you know what the problem with rabbi as brothers and

[9:27]sisters the problem is the system that is based on riba an

[9:31]economy that is based on interest is an unjust system it's an

[9:35]unfair system and it's a biased system it's biased towards the rich

[9:41]let me explain how four ways how it's biased unjust towards the

[9:46]rich it's biased towards the rich and unjust towards other people number

[9:51]one the problem with riba is that it is a system that

[9:54]continuously widens the gap between the rich and the middle class you

[10:02]see every day that goes by you what there is more interest

[10:04]that is accrued when i take when i as a lender take

[10:09]a loan correct when i offend as a borrower take a loan

[10:11]every day that passes by i am becoming poorer because the debt

[10:17]is greater and every day that passes by that lender is becoming

[10:21]richer and richer and richer so it widens the gap and that's

[10:24]why you find the western world correct is the richest part of

[10:28]the world let's take a look at america for example the united

[10:30]states of america is the wealthiest country on earth it is a

[10:35]country it is a economy that is built on what on interest

[10:39]everything there is interest in it's the richest country on earth and

[10:45]at the same time you find it is the most unequal country

[10:47]on earth when it comes to wealth distribution read about the unequal

[10:51]distribution of wealth in the united states of america you know what

[10:55]studies say studies state that the top one percent of america the

[11:02]richest one percent they own 15 times more than the bottom 50

[11:10]percent so you have one percent versus 50 these one percent don't

[11:14]own as much as these fifty percent they own fifteen times more

[11:17]one reason is because of lipa it continuously makes the gap bigger

[11:21]because every day you just need time every day that passes by

[11:27]the debt increases and i become richer in canada i was reading

[11:30]the top one percent in canada they own one-fourth of the economy

[11:35]and the bottom 40 of canada they own just one percent of

[11:39]the economy one reason behind this brothers and sisters is because of

[11:44]riba so this is number one it's an unjust unfair system number

[11:47]two second reason why it's an unfair system the quran is against

[11:52]it is because it gives guaranteed guaranteed success to the lender but

[12:00]there's a huge risk for the borrower let me give an example

[12:05]let's say i go and i borrow from you 100 000 or

[12:07]from a bank and i want to what i want to invest

[12:11]in something let's say that it's successful it's a successful venture and

[12:15]i make money the 100 000 turns into 200 000.

[12:19]here what happens we split the profit i give the interest to

[12:22]the bank so let's say it's 50 000 of it i give

[12:25]it to the bank and the next 50 000 the other 50

[12:28]000 is for me so if i succeed in my business venture

[12:31]from the loan that i take we both benefit but what if

[12:38]a pandemic strikes and then i lose the money i lose but

[12:43]that lender sits like a king and loses nothing you see how

[12:48]biased it is when there's a prophet he comes and he wants

[12:51]to share it but when there's a loss he wants to stay

[12:54]away this is exactly like the monafiqin the quran says that when

[12:58]there is what when there is any bounties of war they come

[13:00]and they want to take but when there is the times of

[13:04]difficulty they don't want to come this is not fair if you

[13:06]want to share the prophets you have to share the loss and

[13:10]that's why islam says that riba is haram but on the contrary

[13:13]you can do mubaraba muvaraba in english it is what it is

[13:20]translated as being speculation speculation and the economic term is that what

[13:25]i give you the loan i give you the money you do

[13:28]business with it but i'm fair if there's a profit we share

[13:31]it if there's a loss we share it this is fine so

[13:34]i can give someone money a hundred thousand dollars and i tell

[13:37]him go and do business and you want and you give me

[13:40]profit and you can take some of the profit but if there

[13:44]is a loss then we both have to share the lost the

[13:46]problem with ribba is that if there's a profit i'm gonna win

[13:51]i'm gonna take it if there's a loss i also want a

[13:55]profit imagine there's a pandemic correct i take the 100 000 and

[13:59]because there's a pandemic i lose the money that lender not only

[14:02]does he want his principle he wants the what he wants the

[14:06]the interest also so you see how there's such a big risk

[14:09]for the borrower but the lender sits like a king and he

[14:14]is completely insulated from what if there is war if there is

[14:17]inflation if there's pandemic he doesn't care he wants his principle and

[14:21]he wants his prophet meaning his interest it's such an unjust system

[14:25]so this is number two number three why islam fights against riba

[14:31]is because riba is a dangerous system brothers and sisters many times

[14:35]people's lives are destroyed because of interest i've heard stories people who

[14:40]have a debt on their credit card like a five thousand dollar

[14:43]debt correct they're trying to repay it but what but they have

[14:48]to pay their bills they have to pay the rent they have

[14:50]a family to feed so they're trying to pay it slowly but

[14:54]the problem is the debt accrues every day and you find that

[14:58]that sometimes is what is faster than what you can save and

[15:01]repay so it outpaces you so what happens your five thousand dollar

[15:08]debt even though you're trying to repay but you need time it

[15:10]starts growing and growing 10 000 20 000 once i read a

[15:15]story of a person in america they had a 5 000 on

[15:19]the credit card but because they were slow and repaying it they

[15:21]were not fast enough and that that was accruing every single day

[15:25]she says that after a couple of years the 5 000 turned

[15:29]into 80 000 and she was saying i can never ever repay

[15:32]this no matter how long i live and that's why many people

[15:36]you find this leads them to depression having to deal with a

[15:41]debt in itself is what is agonizing and that's why it's narrated

[15:43]that imam ali alayhi salaam said there is nothing that stresses a

[15:50]person that takes a toll on his what on his psychological well-being

[15:53]like a what like a debt that you have to think about

[15:55]it every day but now in addition to the debt i i

[16:00]have to worry about the i have to worry about the interest

[16:02]every day it's increasing and that's why you will read that one

[16:07]of the leading causes of suicide is that is that because it

[16:10]keeps on growing you find that they keep on getting buried deeper

[16:14]deeper into the debt because of the interest until they lose hope

[16:17]they go and commit suicide while if there was no interest give

[16:21]them time they will eventually be what they will be eventually reach

[16:24]a state in which they can repay it but when the debt

[16:28]is outpacing them they can never repay it so this is why

[16:31]islam is against interest and finally number four islam is against some

[16:35]specific types of interest you know the mortgage system of the west

[16:39]it is one of the greatest brothers and sisters one of the

[16:44]greatest manifestations of volume the mortgage system in america and i'm sure

[16:48]canada is the same why let's say i want to buy a

[16:52]house in the u.s and i'm sure canada is the same but

[16:53]this is i know this is how it works in the u.s

[16:56]i want to buy a house a 200 000 house so what

[16:59]do i do i go and i take a 200 000 loan

[17:03]from the bank it comes with interest correct so let's say that

[17:09]i repay it for 10 years every month i'm paying on time

[17:14]a thousand dollars a month after 10 years i have paid over

[17:18]100 dollars to that bank correct one hundred thousand dollars probably half

[17:23]of it one fourth of it one third of it is my

[17:26]equity correct it's going towards your principal imagine if you lose your

[17:31]job and you miss one payment you get a warning from the

[17:37]bank you miss two payments you get a stronger warning you miss

[17:40]three payments an even stronger warning after you miss four payments of

[17:45]your mortgage in the u.s the bank can come in what the

[17:49]bank can come and declare your house of foreclosure what is that

[17:52]i mean you know what foreclosure means they can steal your house

[17:57]they take your house and the 100 000 that you spend all

[17:59]goes down the drain take the house but give me back the

[18:04]100 000 fine i'll pay a penalty five thousand dollars ten thousand

[18:07]but why take the entire 100 000 that i paid you see

[18:11]how they have legalized theft in the name of interest and the

[18:14]name of loan this is haram this is foreclosure is one of

[18:18]the greatest ways of sometimes you have paid three-fourths of the house

[18:22]you miss a couple of payments four five six payments they take

[18:27]the entire house and you're left with nothing so all those years

[18:30]you're paying money for free that's you didn't benefit from it see

[18:34]how it's so that's why because of these problems that come with

[18:38]the system that relies on interest you find islam comes with these

[18:42]very harsh and these very very strong words condemning the ones that

[18:51]charge interest and condemning interest now this is the quran when we

[18:56]come to the hadith of ahlulbait we also find some reasons the

[19:00]imams give us for why charging interest is haram for example one

[19:06]hadith he's narrated saying that the reason why allah forbids you from

[19:12]charging interest is because allah considers the interest as battle meaning you're

[19:16]not doing anything to deserve it you're not doing anything to be

[19:22]entitled to it correct are you giving a service are you selling

[19:25]something you're not doing anything your money was parked here and the

[19:28]bank account now it's parked in that guy's bank you're not doing

[19:33]anything so islam sees any time that you are earning money for

[19:36]really not doing anything not being productive then this is battle the

[19:39]holy quran says all you who believe when you do trade do

[19:47]not do it in a way in which it is battle meaning

[19:50]do it in a way in which you earn it some people

[19:53]there make money in a way in which they're not earning it

[19:57]you have to earn your money that's why i look at wall

[19:59]street you see sometimes on tv those individuals those billionaires on wall

[20:03]street they're always clapping right when the stock market exchange opens in

[20:07]new york they're just clapping the whole time most of these individuals

[20:09]what are they doing brothers and sisters what are they doing are

[20:14]they contributing anything to the economy are they adding anything no are

[20:18]they offering any services no most of the time it's just free

[20:22]interest and they become richer and richer every day so the quran

[20:25]considers this extra interest you didn't do anything to deserve it so

[20:29]you are taking it in an unlawful way this is one hadith

[20:32]and then there's another hadith explains why allah forbids rabbi he says

[20:43]he says he says the reason why allah forbids riba is so

[20:54]that allah wants you to do ma roof what is means give

[21:01]interest give interest free loan correct allah wants you to give people

[21:07]loans without requesting riba from them give them a hundred thousand take

[21:10]back a hundred thousand give five thousand take back five thousand this

[21:15]is called this is very very recommended allah subhana wa gives you

[21:19]so much tawa for giving someone a loan and then of course

[21:21]you take back exactly the same amount an interest-free loan imam al-sadiq

[21:27]says that when people see that is okay who's going to give

[21:30]an interest-free loan that's why today in our communities you rarely find

[21:33]anyone that is willing to give you unless the you know he's

[21:36]truly a moment and if you find someone that will give you

[21:39]a loan he's going to want interest so allah says no i

[21:43]closed the door of interest so that people start giving loans people

[21:46]say you know what since my money is parked anyway i have

[21:50]extra five thousand dollars in my bank account and i know this

[21:53]person is trustworthy so let me give him an interest-free loan while

[21:56]when eriba becomes halal no one will do that because we have

[22:01]greed correct because the human being has greed so allah subhanahu wa

[22:04]ta'ala knows that we're greedy we're going to start charging he wants

[22:08]to stop that so that he encourages us to give loans without

[22:10]any interest these are two hadith from the imams of bait now

[22:16]charging gribba charging rabba taking but at the same time giving riba

[22:25]is also haram listen carefully brothers and sisters the hadith of rasulullah

[22:38]allah says and curses to number one the one who charges and

[22:46]number two the one who gives the riba and that's why do

[22:50]not engage in an interest based you cannot go and take a

[22:56]mortgage you cannot go and take a loan if there is interest

[22:58]in it why because you are helping the system the system relies

[23:03]on to the lender and the borrower if allah just bans allah

[23:08]just condemns the lender but you are what you're going and you're

[23:11]taking that you're taking that loan then you're you're making that possible

[23:17]you're enabling the lender correct so allah condemns both loina rasulullah the

[23:27]one who gives the one who takes and the one who gives

[23:31]now what's the problem with this the problem with this is we

[23:35]live in a society that many times you can't live a decent

[23:39]life if you don't take a mortgage and the mortgages where will

[23:43]you find a mortgage here where will you find a loan that

[23:46]has no interest like we said there is no ma roof anymore

[23:50]says allah wants this maruf but you cannot live without this maruf

[23:53]this marv is not there so when you search you don't find

[23:57]anyone that gives you a loan you want to buy a house

[23:59]the mortgage charges interest you want to buy a car the mortgage

[24:04]charges interest you want to what go to law school med school

[24:06]you need a student loan and all of that comes with interest

[24:09]taking entrances but giving back the interest is also haram so what

[24:15]do i do correct this is a problem how do i live

[24:17]as a decent individual some people they're lucky they're wealthy they have

[24:21]inherited millions from their parents they don't need loans right he can

[24:27]go and buy cash a one million dollar house all with cash

[24:29]i don't need a loan other people they're lucky because maybe they've

[24:32]won the lottery correct or sometimes you get lucky sometimes you hear

[24:36]stories in the news of people even young people they go and

[24:40]they invest in these cryptos overnight they become millionaires correct he went

[24:45]and bought 5 000 of dodge coin and within two three months

[24:47]the five thousand dollars became one million dollars or bitcoin one thousand

[24:51]dollars of bitcoin within a year became hundred thousand dollars so there

[24:55]are some people who what who are lucky and because they find

[25:01]money easily you find they don't need to go to the banks

[25:03]and take the interest and take that loan but the problem is

[25:08]the majority of us the majority of muslims living everywhere in the

[25:13]world but especially in the west we cannot live a decent life

[25:15]without taking a mortgage so what is the solution what do we

[25:20]do the quran is clear the hadith of the prophet is clear

[25:26]the allah curses the one who takes and the one who gives

[25:28]so what do we do one solution is we pack our bags

[25:34]and we leave this country is it a solution allah says allah

[25:41]do we want to engage in war with allah is this a

[25:47]solution now some individuals maybe some schools have thought have said yes

[25:53]it is completely haram you have to what you have to live

[25:55]on rent you cannot take any mortgage buy a used car from

[26:00]1990 that what breaks every day correct maybe it'll cost you a

[26:02]thousand dollars student loan too bad then maybe you should work for

[26:08]example in gas stations and make a living off of that no

[26:10]careers but we know that islam is a religion that is compatible

[26:16]with every day and age so this does not make sense and

[26:18]that's why brothers and sisters our ulama we have to thank them

[26:23]a million times because they have sat down in the houses and

[26:26]they have used their intelligence they have used their knowledge to try

[26:31]to find loopholes but what halal loopholes so when we say loopholes

[26:36]workarounds it doesn't mean this is haram we're trying to play a

[26:39]plague a game against allah no these are halal ways that taught

[26:43]us many people they say and they just complain against the ulama

[26:48]the ulama are backwards don't know what they're doing we have to

[26:50]thank the ulama that they sat down alhamdulillah they realized that we

[26:53]muslims living in the west we have this problem of a riba

[26:58]we can't take a mortgage and then pay pay back the reba

[27:00]correct this is that individual so they have thought of workarounds in

[27:08]order for you to to take the mortgage and it becomes halal

[27:12]for you to repay it back how many of us appreciate our

[27:16]ulama what they do in the house they're doing this for us

[27:19]they live in the tiniest houses they never even need these in

[27:24]matters they're doing it for us but we don't appreciate brothers and

[27:27]sisters sometimes we really need to take the time to sit down

[27:31]and appreciate what our ulama do for us and that's why when

[27:33]you see the books of the some of us never take the

[27:37]time to open and read you find they have told us of

[27:42]some solutions when it comes to taking a mortgage that has interest

[27:46]in it and i will mention three solutions there may be more

[27:50]but i'll mention three practical solutions that we can apply here in

[27:54]the west but before i mention this you have to realize two

[27:58]points if you do not realize these two points these solutions will

[28:02]not help you number one you have to understand what the solution

[28:07]is you mean i mean you have to learn it and understand

[28:11]it and number two you have to apply it when you go

[28:15]and take the mortgage what you learned you have to put it

[28:20]in practice you have to apply it in your intention why because

[28:23]some people when you tell them habibi you took a mortgage you

[28:27]took a mortgage this is interest how he says solved it they

[28:31]solved it for me how did they solve it can you tell

[28:35]me he says i don't know this is not a way out

[28:37]of it you have to know the solution and you have to

[28:41]intend it do aniya that this is my nia when i take

[28:44]the or else just sit down and i'm ignorant and say alhamdulillah

[28:48]solve that this is not absolutely solved it so that you learn

[28:53]it and apply it correct well you can't just say that alhamdulillah

[28:56]it's like someone right now who says you know what what will

[28:59]you do there's coronavirus you say alhamdulillah you find that these pfizer

[29:03]and modernity scientists they have found the solution it was a few

[29:08]don't go and take the vaccine what's the point if the scientists

[29:10]discovered the vaccine but you don't take it will it help you

[29:15]i say no alhamdulillah the scientists in germany and the u.s they

[29:18]sat down and they solved it but i don't need to take

[29:19]the vaccine this will never help you the can bring you the

[29:24]solutions but you have to learn them and you have to apply

[29:28]them i remember once in a muslim country i went to a

[29:31]muslim country i entered a bank i saw they were giving huge

[29:35]amounts of of interest for a savings account like 20 interest for

[29:39]savings account so i went to the manager of the bank i

[29:43]told him you know riba is haram right he said of course

[29:49]it's in the quran so i said when you give ripa interest

[29:54]what's your solution you know there's different opinions there's different methods which

[29:57]one do you follow he's like what do you what do you

[30:00]mean i don't know solve the spot tell them but you have

[30:04]to first intend it you have to learn it you have to

[30:08]put it in the contract this is a muslim bank he the

[30:09]manager of the bank has no clue when he gives you the

[30:13]money he gives it to you as riba and when he takes

[30:17]it from you he takes it from you with the intention of

[30:20]the rabbah and then he says haven't solved it when you're intending

[30:24]they've only solved it if you educate yourself about these solutions so

[30:29]number one learn them and number two apply them so that's why

[30:31]i will teach you the three solutions number one the most popular

[30:37]solution that the ulama mentioned is the solution of al esther you

[30:41]may have heard this the solution of el esten qad what is

[30:46]a listen god mentioned that you can use this method in a

[30:49]non-muslim country you go to the bank they give you a mortgage

[30:53]when you take that money do not take it with the intention

[30:59]of a loan so the transaction on paper says loan this is

[31:05]alone with interest but in your heart do not intend it as

[31:08]being alone when you take it say ya allah this is not

[31:13]alone i am not taking a loan what am i taking i'm

[31:17]taking it with the intention of isthankat what is istan god is

[31:21]means i'm taking a gift and in return i will give another

[31:27]gift you see it's the same result but the intention is different

[31:30]so when i take the money two hundred thousand dollars from the

[31:32]bank they tell me this is a loan and you have to

[31:36]pay us back two hundred fifty thousand dollars in my heart i

[31:40]say no this is not takara this is not a loan this

[31:43]is istanka i'm taking a gift and in return i will give

[31:48]them more sometimes you receive a gift someone can give me a

[31:50]thousand dollar gift i will give him back a thousand dollar gift

[31:54]what's the problem with that so it's a gift for a gift

[31:56]what does call this is so when you take that two hundred

[32:00]thousand dollars assad you never took a loan you're not in debt

[32:05]you can't say ana dion you're not in debt because you took

[32:08]a gift well you you say well i have to pay every

[32:11]month every month that when you pay you're not paying interest you're

[32:14]paying a gift every month take out your checkbook one thousand two

[32:20]thousand ten thousand whatever your monthly installment do not intended that i

[32:24]am repaying the loan because part of it will be interest and

[32:27]allah did the one that gives interest intended on what intended on

[32:33]a gift so when you collect it is and when i give

[32:37]it i am giving it as a gift this is a very

[32:42]easy solution mentions this as a solution say this is as a

[32:46]solution mentions it as a solution and the late say it's idol

[32:50]hakeem also mentioned that this is a solution very easy but first

[32:53]learn it and apply it and it's so easy to apply it

[32:57]it doesn't matter what the writing in the contract of the bank

[33:00]is what matters is your knee i am taking this with the

[33:05]knee of istanka not alone so you're changing the type of transaction

[33:08]in your intention they think they're giving you a loan but to

[33:11]you this is still god this is a gift this is one

[33:14]solution that these mention and this is the best solution solution number

[33:19]two assay the mentions this say this is not accepted say it

[33:24]mentions that when you go to the bank you don't have to

[33:29]completely change the transaction type meaning in the first solution we said

[33:33]it's not it's not loan it's a gift he says no keep

[33:40]it as a loan but just what just neglect the interest part

[33:44]so the bank is telling you we will give you a loan

[33:49]and there is interest we are giving you a loan except that

[33:55]but and there is interest omit to that in your intention not

[33:58]on the contract so this it's legally it's still gonna be an

[34:00]interest it's still gonna be an interest uh loan but in your

[34:05]intention say allah the end the long part i accept but the

[34:10]interest part i don't accept correct so then when you come to

[34:16]pay can you just pay the principal you can't why because you

[34:19]have to because you have to bad you have to follow the

[34:21]law this is uh this is allah that all the mention wherever

[34:25]you live obey the law and obeying the law means i have

[34:27]to pay whatever the bank tells me correct so when you took

[34:31]it you only took what the first part of the loan it's

[34:33]like it was two parts there's a loan and there's the interest

[34:39]the first part accepted the second part rejected so now i took

[34:42]a 200 000 loan i should only repay 200 000.

[34:45]why do i have to pay the extra because the law tells

[34:48]me i have to and you have to obey the law this

[34:50]is what this is what i say merchants is not accepted say

[34:56]it says either change it entirely from from loan to esther correct

[35:00]or just leave the transaction you can't change half of it it's

[35:05]a card but i will omit the interest part you can't do

[35:10]that said sistani says so say he says use the first one

[35:12]he says no you have two options you can either change it

[35:16]into estencath or you can keep it as a loan but omits

[35:20]the reba part omits the interest part and when you pay it

[35:23]back you pay it back because you have to pay back you

[35:26]have no choice this is a second solution a third solution i

[35:29]have seen a say them he mentions this this one is a

[35:36]little more tricky why because you have to persuade the bank to

[35:39]accept and change some of their contracts some of their terms said

[35:43]hakeem says go to the bank manager maybe call their corporate offices

[35:49]and tell them look i'm a muslim i'm not allowed to pay

[35:51]it but there is a workaround you can help me in this

[35:53]workaround you'll still get your money but what you will help me

[35:58]in this way what does he say a saying says instead of

[36:02]the bank giving you two hundred thousand dollars to buy a house

[36:08]and then i repay 250 to the bank that 50 will be

[36:11]he says tell the bank you go buy the house for me

[36:16]you buy the house for two hundred thousand dollars and then sell

[36:19]it to me for two hundred fifty thousand dollars see the bank

[36:23]goes and buys the house for two 000 and then it sells

[36:27]it to me for 250.

[36:28]so at the end of the day the bank gave me 200

[36:31]and i will give them back 250.

[36:32]it's the same result and that's why the people in the jahiliyah

[36:36]they used to say what's the difference bay is also like correct

[36:42]sometimes you can sell for a more expensive price so why is

[36:49]karth haram allah subhanahu ta'ala says interest is harambe is not how

[36:54]i'm trade selling and buying is not so saying he uses this

[36:58]point but this requires that some of the community leaders maybe some

[37:01]of the more wealthy ones the more successful ones we have to

[37:06]start a campaign we have to call the banks in canada correct

[37:10]and we tell them this is a way you can help us

[37:11]instead of charging us interest then change the terms of the contract

[37:17]you go buy the house and sell it to me for a

[37:18]more expensive price and then i have to repay it in installments

[37:21]there's no interest here you're still getting your money but there's no

[37:24]interest or i want a car thirty thousand dollars for a car

[37:29]go buy the car for thirty thousand but then what but then

[37:32]charge me thirty five thousand for it it's the same result but

[37:34]at least you're what getting rid of the riba so these are

[37:38]three solutions that our mention in order for you to stay away

[37:41]for iba now where do we get this from we get this

[37:45]from the teachings of so like i said this is not like

[37:49]we're trying to fool allah subhanahu wa with allah the imams of

[37:51]bait have told us now that there are sometimes easy workarounds around

[37:55]some things that are haram now that we understand this brothers and

[37:59]sisters there is another question that comes into play taking a mortgage

[38:07]is haram correct because you're going to give ripa but what about

[38:11]if i collect interest from the bank many banks they tell you

[38:16]if you put your money we will give you interest right some

[38:19]banks point five percent sometimes it's terrible it's like zero point zero

[38:24]zero zero zero one percent right it's really nothing let's remember the

[38:27]hadith in yet so sometimes it's a very small percentage sometimes i

[38:36]see some banks some online banks you'll see the advertisements will give

[38:41]you one percent so they are giving you interest remember giving interest

[38:45]taking so what do we do in these situations can i put

[38:52]my money in an interest savings account here in canada and take

[38:57]the money yes or no yes but once again you have to

[38:59]learn the loophole you have to intend it if you can if

[39:03]you just go blindly and put it and say that solved it

[39:05]this will be all haram money that you're taking just like the

[39:09]mortgage you close your eyes your ignorance you take the mortgage you

[39:13]say alhamdulillah they have solved it for me no you have to

[39:15]intend it remember like we said you have to intend or you

[39:19]have to for example accept the first part of and then neglect

[39:23]the second part of the ribba or you have to change the

[39:28]type of transaction from ribatube like said said mentions so likewise when

[39:31]i put my money in the savings account can i take the

[39:34]interest yes or no yes the ulama agree but the approach is

[39:39]different say says what's important is what is your intention when you

[39:45]go and put one thousand dollars in the savings account intend that

[39:50]i don't want and ten just tell yourself i don't want the

[39:54]interest i don't require it correct but then at the end of

[39:59]the month at the end of the year the bank will automatically

[40:01]give it to you since they automatically give it to you you

[40:05]can take it but you never requested it because remember we mentioned

[40:09]if i give you a thousand dollar loan and then you give

[40:13]me back 1500.

[40:14]can i take the extra you can if you never requested it

[40:17]if it becomes a condition this is when it's haram so when

[40:22]you put your money in the bank don't put it as a

[40:26]condition now you may say on paper it is a condition the

[40:28]paper doesn't matter and your intention say yeah allah i don't care

[40:31]what the paper is saying my intention is you know what they

[40:35]gave me they gave me they didn't give me they didn't give

[40:38]me whatever at the end of the month they're going to give

[40:39]you take up you because you never demanded it you never requested

[40:42]it so the intention is what matters even though your motive your

[40:47]real motive is that no you want the interest this is istani

[40:52]is a little more strict he says intention is not enough the

[40:56]motive is also important why did you put your money in this

[41:00]bank if it is because of the interest then it's haram for

[41:04]you to take it but if it's not because of the interest

[41:06]i want to put my money in the bank because because i

[41:09]want to put my money somewhere safe so they're going to give

[41:12]me the money you see your motive wasn't that i am putting

[41:17]my money because of the interest your motive is i'm gonna put

[41:22]my money even if there's no interest if this is your motive

[41:25]it's not tied to the interest it becomes but if you are

[41:29]putting your money just because just because you want the interest istani

[41:34]says it's haram intention will not make it okay well i intend

[41:39]that i'm not requesting it that's not enough you're not requesting it

[41:43]but your intention is that what but up on your motive is

[41:46]that what i want it so there's a different difference between intention

[41:51]and motive i don't know is that clear the difference between intention

[41:55]and motive so say he says just intended even though deep down

[41:58]in your heart you want it and that's why you came to

[42:02]this bank but just say allah i'm not requesting it it becomes

[42:04]hella say it is has to be a real motive your motive

[42:08]should be that i am here in this bank because this bank

[42:12]is close to my house because i want to store my money

[42:14]it's not because they're giving a good rate if that's your motive

[42:17]it becomes haram and finally i will end with this can i

[42:22]work in a bank that deals with riba yes or no this

[42:27]is a question that has been posed upon the ulama can i

[42:31]go work in a bank for for example you have here uh

[42:35]give me a name of a famous bank in canada rbc rbc

[42:41]what did you say royal bank can i go work in royal

[42:47]bank correct because this is a huge bank this is a big

[42:50]corporation that has branches across canada so can i work in this

[42:55]bank yes or no because this bank deals with riba it deals

[42:57]with what it deals with interest so when i work for them

[43:01]say may say some may think that i am helping this corporation

[43:05]in their battle correct i am helping this corporation in their volume

[43:10]we said that that you are being possessed by the shaytan father

[43:19]it is worse than fornicating with so how can i go and

[43:24]i become a com complicit correct i go and i help such

[43:26]an institution make a distinction listen carefully say if you are not

[43:35]working directly in a department that deals with the interest you're okay

[43:40]so as long as you're not dealing directly with the interest you're

[43:45]fine for example a teller the bank teller has nothing to do

[43:49]with the interest right deposits checks deposits money correct tells you how

[43:53]much you have in your bank account there's some transactions even though

[43:57]she's working in a system in a bank that does deal with

[44:00]reba interest but it is halal for that teller to work why

[44:05]because she's not or he's not dealing directly with the interest for

[44:08]example i'm a consultant i'm an advisor correct i advise people on

[44:13]many things but has nothing to do with interest this is all

[44:16]okay the only time it becomes haram if you work in the

[44:19]department that is directly dealing with ribba that means you are the

[44:24]one that is selling the mortgages this is what its problem you

[44:28]are not allowed to do that even then said sistani says we

[44:31]can find a workaround the work around us when you sell the

[44:34]mortgage intend is still i'm not selling a mortgage i'm not selling

[44:40]a loan i'm selling i'm giving an instant and he says especially

[44:44]when a muslim comes to you if a muslim comes to you

[44:49]and you he wants the mortgage for his house and you are

[44:51]the one who's in charge of giving the mortgages you tell that

[44:55]muslim i even though on paper it says that this is alone

[45:00]but look the intention is i am giving you a what the

[45:04]gift and you give a gift back through the installments so said

[45:09]sistani says even if you do work in that department there may

[45:12]be a loophole but it's better to stay away from such jobs

[45:15]where your job is what is you give loans to other individuals

[45:19]because this is what interest comes with it but even let's say

[45:22]if i had to there was no other job we can also

[45:26]find some workarounds with that but if you work in other departments

[45:28]i work in the advertising department i work as an engineer for

[45:32]this bank i work as a graphic designer for this bank i

[45:38]am for example the janitor of this bank that's fine correct because

[45:41]i'm not dealing directly with the ribba with the interest so having

[45:46]said all of that brothers and sisters alhamdulillah we have an understanding

[45:50]that there are ways that our ulama when they sit in the

[45:53]house our is dynamic it's not dead we just mentioned the same

[45:59]hadith and we mention the same subjects that our mentioned a thousand

[46:02]years ago no when you come to the house you see classes

[46:07]of contemporary jurisprudence meaning the ulama they sit down and they try

[46:12]to find ways they're trying to find methods to relieve their followers

[46:15]they try to find halal workarounds to some haram things that's why

[46:21]brothers and sisters we have to do three things number one appreciate

[46:24]what our ulama do for us if it wasn't for the thinking

[46:27]of these loopholes this is not easy you have to think and

[46:31]you have to extract that from the hadith of they don't have

[46:33]to do that they can tell you i just read you the

[46:37]hadith i don't have to find you the loopholes correct but the

[46:40]ulama are finding it for us to make our lives easier number

[46:44]two learn them so these three things i mentioned when it comes

[46:47]to taking a mortgage and the two ways of saying that i

[46:50]mentioned when it comes to taking interest from a savings account you

[46:55]have to learn them so if you forgot it listen to my

[46:56]lecture again go back to the akam of a say that whichever

[47:00]merger that you follow and apply them meaning when you go to

[47:06]the bank you take the mortgage don't say alhamdulillah no you apply

[47:10]it meaning you intend on whatever we spoke about ask allah subhanahu

[47:14]wa ta'ala to bless us all to accept our to forgive us

[47:19]of our deeds during the month of ramadan let us recite amman

[47:22]yujib there are some members of our community and other places that

[47:25]requested dua some of them are sick they need our dua so

[47:30]let us read aman yuji five times [Music] [Music] [Music] [Music] foreign

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التالي

Why is Interest Forbidden in Islam? - Sayed Ahmed Al-Qazwini

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التالي

Why is Interest Forbidden in Islam? - Sayed Ahmed Al-Qazwini

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