Abdur Rahman ibn Yusuf Mangera – Cost of Living Crisis

Abdur Rahman ibn Yusuf Mangera
AI: Summary ©
The speaker discusses the difficulty of providing financial stability to people, particularly when faced with personal and family struggles. They suggest that the modern economical system is designed to make people feel less worth while and that individuals should focus on devalued assets like cryptocurrencies and cryptocurrencies, rather than just devalued assets like Bitcoin. The speaker also mentions courses on managing money and reading books to gain more knowledge about Islam.
AI: Transcript ©
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To help them find solutions for financial stability.

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Likewise, it's not just for that, but it's

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for personal needs.

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If someone is experiencing difficulty in providing for

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their family, it's got nothing to...

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I mean, it's gonna have something to do

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with your job, but it could be, you

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might be self-employed.

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You might be trying to do your own

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little, you know, halal side hustle or something.

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And it's just providing difficulty.

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It's just, I think Razaq, Ya Razaq, Ya

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Razaq, Ya Razaq, is something that I think

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a lot of people need to be doing

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today because a lot of people are struggling

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with the way inflation is going, the way

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things have become so much more expensive in

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the last five years.

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I don't know where things are going.

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This modern economical system does not work.

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The way it's trained to be, the way

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it's designed to be, is that your thousand

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pound from two years ago, what you could

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have bought two years ago with your a

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thousand pound two years ago in your bank,

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you couldn't buy that last year.

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And this year, it's worth even less than

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that.

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So, it's designed to, if you save any

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money, it's actually designed to just, because of

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inflation and other things, it's designed to become

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more devalued.

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And everybody's stuck in that system.

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Pretty much everybody's stuck in that system.

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Except the few people who buy gold and

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crypto coin, I mean, Bitcoin and so on.

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Bitcoin is actually trying to go against that.

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Bitcoin is trying to stabilize that.

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I know it's had lots of fluctuation because

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of its initial introduction in the market and

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so on.

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But otherwise, Bitcoin is an antithesis to that

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because it's limited.

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Governments can't produce, or nobody can produce more

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of Bitcoin except the limited amount that they

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have designed.

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Whereas governments can produce more money, there's more

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money in the market.

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Because there's more money in the market, people

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can buy more.

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So, people have to produce more and then

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the supply just increases and prices increase.

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So, a lot of people are finding a

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lot of difficulty.

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Holding two jobs, there's people crying even with

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two jobs, husband and wife both working.

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Of course, some of it is to do

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with lifestyle decisions.

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What the way they've chosen to live, what

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kind of furniture they've chosen to have, what

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kind of gadgets they think they need, what

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kind of holidays they have to take.

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So, one has to be very careful.

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So, personal needs, Ya Razzaq, we need Ya

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Razzaq.

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We need Ya Razzaq, Ya Razzaq.

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The point of a lecture is to encourage

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people to act, to get further, an inspiration,

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an encouragement, persuasion.

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The next step is to actually start learning

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seriously, to read books, to take on a

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subject of Islam and to understand all the

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subjects of Islam at least at their basic

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level so that we can become more aware

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of what our deen wants from us.

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And that's why we started Rayyan courses so

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that you can actually take organized lectures on

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demand whenever you have free time.

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Especially, for example, the Islamic Essentials course that

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we have on there, the Islamic Essentials Certificate

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which you take 20 short modules.

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And at the end of that, Inshallah, you

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will have gotten the basics of most of

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the most important topics in Islam and you'll

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feel a lot more confident.

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You don't have to leave lectures behind.

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You can continue to listen to lectures but

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you need to have this more sustained study

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as well.

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Jazakallah Khair Assalamualaikum Warahmatullahi Wabarakatuh

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