Shukran for this because this is a major issue as a Muslim in America. The Dr. offered the solution the ummah should support it. In’Sha’Allah.

Jazzak Allahu Khairan for both sheikhs. Very insightful. It answered a lot of questions in my mind.

Wasn’t the class filmed/streamed as well? Couldn’t find it anywhere unfortunately. As-Salamu ’Aleykum wa Rahmatullahi wa Barakatuhu, from my family and I here in Norway. 😊

In Malaysia we hv Islamic banking with shariah elements, no riba but hibah, but it is still linked to Conventional banking somehow, the main difference is also the aqad, meaning u consciously agree with terms n conditions..

MashaAllah, looking very much forward to the seminar.

This is why more research need to be done with Islamic finance & banking. Our understanding is totally superficial, lack of connection with the reality of business & economics.

Salam Alaikum dear Dr. Yasir Qadhi and Dr Main Al-Qudah, greetings to you from Germany. As always it is a great pleasure to listen to your lectures and always to benefit and to learn from you, may Allah the merciful be pleased with you. Although my knowledge on Quran and hadeeth are very limited, I have done a little research on the topic. For this, I have a couple of basic remarks and questions regards the topic. 1. You have translated Ribba' as interests. Is this the right translation? In the time of the prophet (s) the understanding for Ribba' was a very harsh and unfair way of money lending. It even allows the lender to take your kids and/or wife as slaves. Can this be easily compared to the mortgages from today? 2. Our Prophet (s) has thought us, that the exchange of Dates with Dates is as well Ribba'. No interests here, but a situation which privileges a rich party. Is Ribba' way more than just interests? 3. After studying the Hadeeth and Quran, I came to the conclusion, that Ribba' is not interests, but a contractual agreement where from the beginning on the more powerful party is privileged by the contract. A contractual situation containing interests with harsh conditions might be one of these situations. What is your idea about this concept? 4. And finally analysing today's real estate mortgages here in Europe, they are far away from beeing unfair and harsh regards the taking party. Even if you are not able to pay anymore, the bank is not allowed to just take the entire real estate. The Bank can ask a court to sell and they will only get, what is missing to finish the mortgage. The rest from the selling will come back to the borrower. Is this not the absolut fairness one can imagine? Is this not Islam? Sorry my Shaikhs for the long question and as well sorry if I have used not appropriate words, as English is not my native language. Jazaka Allahu Khairan

JZK looking forward to watching this...also humble request for a tafweedh deep dive library chat...i am specifically interested on a comment you made in one of your library chats regarding a sort of revisionist reading of tafweedh that non-athari schools are projecting back in early Islamic history

When a person buys a house from a bank, and agrees to paying in installments which totals higher than if paid upfront, what happens if he decides later to pay it off early? Would that then be considered 2 prices for the same asset, which is prohibited?

10:52, I have a doubt here, Dr. Main Al-Qudah says that the lender is not taking any risk, however isn't the lender taking a risk by lending you the money?

A simpler and more comprehensive definition of Riba is "any predetermined increased in the amount of debt."

In theory, the Shaikh is accurate in saying that Islamic finance is about risk-sharing. However, in practice, Islamic banking has nothing to do with risk-sharing. The risk is fully transferred to external parties by the Islamic bank.

Thx shaikh just one question is Tawarruq halal which is common in middle east banks which provide sharia complaint personal loans with profit percentage can we take them or not pls guide

In financial inclusion: As far as movable people like Pastoralists is concerned, can we use their livestock like cattle camels and goat as collateral for credit?

If write the loan agreements, instead of fiat money as value of the loan, in gold we can solve the inflationary challenge.

Interest is bad: #1) Allah swt commanded it #2) Borrowers (poor) always paying more for things. 400k home @ 7% over 30 years = ~870k paid to the bank. Meaning you paid 870k for a 400k house. Even if the house DOUBLES in price, you still lost 80k in the deal. Not counting renovations/repairs. #3) Expanding on #2, people borrow for cars, education, homes, business, consumer products. It's like a modern day slavery. CONSTANTLY owing the bank. Some people are so entrenched, their whole business models revolves around serving the bank via debt. ...there are more reasons. But don't want to be long. #1 and #2 are more than enough for a lengthy discussion. Kudos again to YQ for bringing RELEVANT information, not solely rehashing issues from 600 years ago like some groups

As long as you’re using their Ribaa currency you will not succeed as the fiat itself is born through Ribaa and slowly destroyed by its ghubaar

The final question is the REAL question.

With the current FIAT MONETARY SYSTEM, there is no ISLAMIC FINANCE possible. Let's be real for one sec. It would have DARAR intrinsically embedded into the so-called Islamic Finance.

It is a very confusing subject, however if Islamic scholars try, there must be a solution.

BarakAllahu feekom

Jazakhallah khair

Can you tell us where is the video for the next seminar he talked about?

Shaykh Yasir, Assalam o A'laikum wa rahmatullAhe wa barakatohu, The inflation is a byproduct of the interest. So, an excuse to justify Arriba or the interest because of the inflation cannot be accepted.

Tayeb but what if you live in US and have a family and tried to avoid riba for years and did everything possible and keep renting apartments and struggling but at one point you rapidly lose most of your savings, have a car accident and lose a car too and then can’t go to work without a car and can’t drop off and pick up kids without a car and can’t buy groceries without a car and really don’t want to finance a car but feel like you are just pushed into this situation? What to do? To cut yourself pieces? Does Allah want you to go through so much hardship and do something that is not even possible to do??? Is it the necessity then? Does this necessary remove the prohibition?

Alhamdulillahi 👍

i live in malaysia and we hv islamic banking here. as a consumer, i dont see any difference btw the conventional and islamic banking. only the terminologies used are different.

What about takaful insurance policy

Where is the second part about home mortgage??

Credit card is giving money with service charges of 25 $ for 6 months no interest can v take it

Is there a video about the next talk the one they’re talking about here?

car insurance is haram and we all have it But need of house is more then a car

17:09 Not sure it's time to celebrate when the credit card itself could be haram?

Our 1st world Islamic countries are amongst the riches in the world, why can’t these countries setup a totally independent banking system for the Muslim world? Essentially this talk simply shows we know the real problem but pls talk about the real more holistic solution..

insurance is not halal this long but because of the hardship there becomes hala we all have car why not house

The answer to mortgage problem is in the Quran: Allah made business halal and interest haram (2:275). Our finance and economy should only be based on halal business i.e products and services, make/buy and sell. Imagine how many jobs we can create just by adhering to this single verse.

Didn't Allah SWT said that "don't make religion hard for people" ? if we are to go with the mindset of Sheikh Qudah - Muslims living in the West will never achieve "ECONOMIC FREEDOM" and will continue to live in poverty and will be begging non-Muslims for financial assistance. We live at a time where major financial institutions are dominated by non-Muslim entities. They are powerful and will stay powerful if Muslims are prohibited to engage in financial transaction to ensure their economic freedom. I am sure there are a reasonable and practical solutions to the issue of getting loan for legitimate reasons such as student loan, purchasing home/property which guarantees financial freedom for the next generation, and other causes that will help the ummah..etc. It is precisely people like Sheikh Qudah that makes people stay away from Sharia and Islam. I am so disappointed.

Halal enough is a joke. Are we making mockery. Either it is halal or haram.

Even money cash is actually haram, if you want to be strict

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