Matn Abu Shuja #32

Adnan Rajeh

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Channel: Adnan Rajeh

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2018 3 29 LMM at 8pm -Chapter of Trade 2- (Riba, Ordering Goods)

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Rahim Al hamdu Lillahi Rabbil Alameen wa salatu salam ala carte see the Muhammad Ali. Now. So the last number of,

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of Halaqaat I have failed horribly and actually making any progress in meeting the mutton, which is okay because I think a lot of good, important and valuable questions were, were asked and I think I hope I was helpful in providing Charla proper answers may Allah Subhan, Allah forgive us for the mistakes we make and took from us the good intentions that we have. And it's always, there's always more knowledge to be offered. Now, what I'm going to start with is the

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part that talks about it, but because that's what I began by explaining, by explaining it last time, I'm gonna explain it just quickly, again, to understand the problem or whatever, because I feel like a lot of people don't have clarity on why it was a problem.

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It may seem to you that is all of these different types of liver. But there's really not just one type. But the prophet says I'm give other fatawa. So that that one type couldn't be done in a different way. So I'll give you a way of how it was done.

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I bought

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by the definition of

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Yes, when I tell you how it works.

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The idea is that if you ask for a loan, for any reason, and it was given to you, you'll pay back more time equals money, that's what's going to happen, meaning you're not going to

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you're not investing your money, you're just giving it to someone, and just based on time, you're going to be paid more, meaning you're you're getting paid for lending someone giving someone a loan of any sort. And that is from this from a Muslim perspective, problematic. Why? Because it makes the rich richer and the poor poorer. Because time is just equaling money, you're not you're not investing, not taking any risks, the money that you have is going to increase just based on time moving forward, which is something that is inevitable time is gonna keep on moving. So your money's gonna come more, and the person who's, who's taking taking that loan, taking the loan as a risk on

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its own. Now adding to that is making it even more risky, more difficult to ever pay back. Yes. So

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I feel like it's one point that was overlooked a little bit last week. And that is, if you give when you give somebody a loan, can there be a timeframe? Of course, the part of a loan is that there's a timeframe to pay back, if you don't pay back, there's something called one meaning you you find something in

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Italy, that until that loan is paid back, that is all fine, we can make an agreement to perhaps pay a penalty for,

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for missing that loan.

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For example, the concept of a penalty we're going to come to later that's something that they differ upon scholars differ with Is there a penalty is acceptable or not if you're late, I think the concept of penalty is not it's not that much of a problem because it's not actually money. With a loan increasing with time. It's a it's a fixed one time payment that you make the problem with riba is our time going forward, the money increases as time goes forward, the money demand increases.

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Medication

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never bought me anything, okay.

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And that is what the problem with it is. Now how that works. I'll give you an example of how that works in in money. Now, let's say my wife has $10 So I tell him, I'll buy the $10 you have for 15 I'm gonna buy that $10 for $15 and pay you 50 for the 10 right now, that's that's another form of it with the prophets I said them said was haram. Now why because that could be used as a way to cause a river loan. So I buy that 15 $10 for 15. But I'm not going to pay you now because I don't have 15 I'm your PA leader. So what happened right now? You gave me $10 I'm gonna give you what? 15. So we're back to the same point all over again, right? The same thing would go if we had any

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merchandise or staple food crops or st same thing would happen.

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You have 10 tonnes of wheat, I tend to buy those 10 tonnes of wheat, I'm gonna pay you 15 tonnes of wheat, right? So give me the 10 tonnes, I'll pay you later, right? So it turns into the same thing. Now if I take those 10 tonnes of wheat for 15 tons of cucumbers, and I pay you and that's no dip anymore. Because these are two things that have different values. It's based on on how we how we evaluate the value of what was been bought and sold. You're like, Yeah, I'll take 15 tons of cucumbers, they may not be worth a lot here, but I'm gonna sell them somewhere else, right? No, we'll make more money. You're taking a risk here? No, you're not. It's not I had 10 tons of wheat.

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I'll wait. And then there'll be competing tons of wheat. No, that's not how it's gonna be gonna get something different that you're gonna have to value differently. That makes sense. So it's a different way of looking at things. That's why when it's different species of species, different types of food or different merchandise, it's okay for us to sell based on different weights, meaning you're 10 times 15 times but once the exact same thing. It's just another way for you to initiate a rib alone. Nothing else seems that clarify the topic. You were just initiating a rib alone in a different form. There's really no difference when I say because I can't buy the $10 you have are

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worth the same

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The $10 I have I can buy your $10 or $15. That's where the prophet said, It's held on to do it. Why? Because it just becomes a way of us starting a rib alone without actually calling it Abba. Yes. Would there ever be an exception to that? So for example, you want you sold data to somebody from beads? And then like a month later, you decide to sell for a different price? Or would it be the exact same issue? Say that, again, the issues like selling dates for dates are sure.

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So if you sell somebody, just trying to think about this, give me an example. Yeah, you you give him

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five, five days for his five dates.

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You your five deeds are like higher quality for his 10 medium quality deeds, then you take his 10 medium quality deeds, and then you sell them later on, it still has to be the same amount. If the problem is the quality of the same merchandise. The problem as I said, it was very clear, he said, Go sell it, take the money and buy whatever you can buy from from what you have in front of you. So because it turns into another form of IP all over again, it becomes the same thing, nothing really changes, because it just becomes another another loophole for us to initiate a revolution all over because we're from the same merchandise, we know the difference of value, the difference of value is

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clear to us. So we can play around and get and get this, turn this into another rep alone. But we have different merchandise, different merchants have different totally different values, they're not easy, we can't really judge their

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difference of their value, because Because value will change from one place to the other. But however, the same merchandise, even if the quality is a bit different, these things are so hard to to identify that just change it to another loophole for river. Now the example I'm gonna give you so two guys, I want you to do to understand what we're doing. Now this guy has the money, right? He has the money. This guy here he wants to money he wants us to go this way, don't this more than Islamically, what we do is this guy lends this guy the money for a certain period of time, the date is and then this guy for that same period of time goes, he gives back the exact same amount of money

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right?

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Now this guy doesn't like that. Because he's just, he's just loaning he's not you're not getting anything, you're not making money. He's not making a profit, or lending money to people. Now Islamically that's how we're supposed to be lending is an act that either brothers do for those who are around them or the state does for its various people. It's not supposed to be a way to make money, a way to make money is investing in someone. Now when we say investing, it becomes there's a risk, I'm gonna invest in you, you want your to my $10 Why do you want my $10 I want to start a business, okay? 50%. If you if you win, I get it, I make more money. But if you lose, I lose my

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money. And that's taking risk. That's how it's supposed to be for an economy to be healthy. That's what you need. So there's more than one way to do this. It can be done. And this is what's haram. And this is the river, you're within Avenue, Kuru river above and mobile app. But this is what the Quran is very clear about. And this is the river that they didn't show here. It is the reverse that the prophesy sent me immediately said haram and everyone agrees to now the other parts of river that there's some discussion about is just a way that we use this as a method to close down any transaction that's going like this. So for example, this guy doesn't want to loan doesn't want you

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want a loan? No, he says, he tells this guy I want to buy from you. This $10 I'm gonna give you for it

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20 I'm going to buy those 10 with 20. It's a transaction is not alone. I have 10 bucks in my pocket. I want to buy the 1020 bucks that you have. I want to buy that piece of money that you have. Is that okay? The Prophet said no, the habit, the habit for the exact same amount was exact same thing, because this is just a little bit because what happens at the end is this guy has 10 This guy is 20. He owes him $10 Even though he only took he took less than that. Does that make sense? You'll say I'll pay you later, I'll pay you later when I have they don't have money right now with me. I'm gonna buy those that $10 You have for 20 Give me the 10. And I'll pay you this later. So now he took

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10 and he owes 20. And that's exactly what it is. The same thing goes for any other merchandise that is exactly the same specifically staple food crops that hold on to their value for long periods of time. And that people use quite often. So do the same thing. I want to buy those 10 crates of wheat, I'm going to pay you 20 crates of wheat. But I don't have the trendy crates of wheat right now with me. So give me the 10 crates, I'll pay you later that 20 crates of wheat. So what happened is, it's just a loan, I lent you 10 You're gonna give me back 20. But when it's a different merchandise, when it's called selling, which we will study in a few minutes with a different thing where here give me

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the 10 crates of wheat and I will give you 20 crates of cucumbers. Now this is this is a transaction. Right? This is not just an increase of value transaction because a different thing. Cucumbers may not live very long they they you know they lose their value. They may not be very expensive or they may be expensive somewhere else. It's an it's no longer a form of labor at that point, right. But anything that becomes close to a form of rebellion that becomes haram. So it's hard to regulate these things amongst people. But I'm just explaining to the fifth key understanding of it in terms of why it's haram and how we're supposed to regulate it. What can the

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government regulates the government to regulate the money. The government can regulate in terms of loans, when we're giving out loans that we don't add put to put put interest rates on those loans. As time progresses a punishment is a different thing, like a penalty for you being late. pining something is what Islamically is more

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prominent, but a penalty is not that big of a deal. We can we can find the there are ways for us to justify a penalty. But that's something we'll talk about maybe a bit later as we go down. Within the discussion. Yes. But isn't it have something to

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do they do?

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A BioCarbon for you. And then they sell you the car and make profit on it. Like the the loaned you the money, but then you have to pay back to it, tell it, it's fine. See, what happens here is that here's the car factory. Here's where all the cars come from.

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This guy doesn't have a lot of money. This guy has all the money. He's the one who owns all the money as the money. Let's take down

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this guy has no money. He doesn't. So he buys the car.

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The car is over here now.

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And he pays whatever amount of money he pays. Now it's his, this is his car, he can he can sell it for as much as money he wants. He doesn't use any of your business, how much do I sell it for? Now, if this guy's gullible does just pay twice its amount. That's his problem, right? But then what usually happens is that because you're not going to pay immediately, I'll change the price. So if you're gonna pay me immediately, we just got done. And that's not a problem, Islamic news. So I This isn't like art is if you're gonna pay me right now. I want 100,000 for it. If you're gonna pay me in 10 years, they're gonna give me installments. I want 200,000 for it. Nobody. But anyway, that's just

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an agreement of how the payment is going to be, at the end how I value my car is up to me, I value it and any number I want, it's up to this guy, whether to say yes, I like that value. I don't like that value. So when Islamic banks do that, that's not a problem now, because Islamic banks do is they buy the car for 50,000, the buyer and the seller for 5 million. That's the problem, meaning the numbers are insane. So the most poor Muslim guy here wants to buy this car in installments, it's paying way more than his value. And by the time he finishes paying it, the actual value of what he bought has already has, it's completely lost value. It's not it's not worth and that's not Islamic

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at all. I mean, at the end, you're paying for something that's no longer valuable is actually problematic, right? So that is the idea of but there are other things just like banks do their bit more problems that are a problem like this is in itself in its concept. It's not it's not an issue at all, yes. Is it okay to

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buy the car and sell it to you, if you give me a guarantee that you'll fire?

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Yes. So that guarantee can be offered, a guarantee that you'll buy the car from them, if it meets a certain description is not a problem, but that's okay.

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But the thing is, even with a guarantee, let's say he stops, because every guarantee that is given, there's always a way for immediate to pull out with a penalty, and you're stuck with the vehicle, you took the penalty, maybe it's $500, for me to pull out of this transaction, and now you're stuck with a vehicle you have to. So there's always risk I mean, there's always risks you have to take care of. So the thing is, with banks, they don't want to take you want it, they don't want to take any risk at all, if possible, they want to make as much money as possible with at least with the least amount of risk as possible. And they want the person who's taking the loan to carry as much

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risk as they can possibly make him carry, right, which makes which by definition makes the person who has the money, the banks richer and the people who don't have the money poor because risk that's how risk works, there's always a high probability that risk doesn't work, right that you don't get what you what you put the money for. So if I'm carrying all the risk all the time, and you're carrying none of the risks, none of the time, that means who's going to lose here, I'm going to lose some of the time not all the time, because sometimes it works out, but no loss is going to be on you because you take no risk. I'm taking all the risks. So if there's going to be any loss is always

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going to be on me. And that's not how economics and that's not how financial systems are supposed to function. They're supposed to be risk on everyone, when we're when we're when we're running an economy. And those who are what makes more sense. Those who have the money, who can actually afford to carry the risk should take the risk, or those who don't have any money who can afford to take the risk to take the risk, right. So it makes no sense for me to make you take the risk. When you don't have any money, you don't even have anything, you have no collateral, you have nothing to make up for this risk. On the other hand, I have all the money, but I'm not really willing to take any of

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the risk. And you're saying the problem with this with it with the flaw of the system, I have all the money, I'm taking none of the risk. And money is increasing with time you have no money you're taking you're carrying all the risk and the value of what you had is decreasing by time like your money is becoming less and less valuable. You have to be very quick and that isn't fair and meaning to me the odds are stacked up against the person who's taking the loan all the time, and not stacked up against those who's not taking the look now of course is way more complex than that. They mean the monetary system of the world today, but that is the gist of simple breakdown of how it all works

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out. Business Loans bank I mean if you don't make

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At profit you can file bankruptcy and defaulting on any bankruptcy doesn't end with you filing it is a seven year process of you not being able to own a credit card and you may not being able to buy up to two business it's not as easy as the idea of bankruptcy is a big problem for the individual it take you a very very long time for you to get out of a bankruptcy is not just okay, I fell for bankruptcy and now I can start fresh and do it but no, no, no, you know starting fresh they're gonna get the money from you one way or the other. I mean, you're gonna you're gonna you're gonna have your there'll be penalties they'll be added to you

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won't get any credit card for seven years. Yeah, no, there's more if you make money during those seven years you're going to be you're going to get to know it's not as simple as that now I know for a fact that it's not as simple as that there's more to it than that.

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Within that seven year period what you make the money that you make they take a percentage of that until the end of that of that period. So it's not as simple so basically when you file for bankruptcy bankruptcy you're gonna lose seven years of your life in terms of actually making a profit and living a proper finite within a financial status that you're comfortable in. So look it up and just you know, I again I'm not I'm not well

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educated in this and in detail I'm just telling you what the Islamic county but perspective is so cool.

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Call the Abuja mo love and meeting everybody bam. There howdy welcome Bertie. Well my promo for the Shaffir em Reba is in Golden silver money, currency in my format and food. Right and that's every other scholars agree to that some of them add to that more they say other other merchandise as well. They see the ups and anything that is being

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exchanged the exact same thing with with benefit with more money is haram. So if I have a bunch of these bags are exactly the same. I'm gonna sell you 10 and buy it for 20 of them. Exact same thing. You do analogy you say that's Haram as well. But that's different upon among scholars, right? That there's a difference of opinion there. But but in terms of what it's fully agreed upon money, the hub, currency Silva and Mohammed food, right, anything that is eating whatever you're using them and we talked about the six the six types of food that are haram and what are the six types.

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So we'll come

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we'll show you the barley Tama

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deeds and mill

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salt forest is the four basically that they all agree upon, that these are the four acres these are the ones that exist in the Hadith of the prophets of Allah Selim. But I believe that he was giving examples and a lot of scholars except that's what the they take the jump or to take the trophy amongst them that he was giving example some of them of how not to Yanni, Sal, and by the same merchandise with a difference of amounts, because it just it's just it's a backdoor for us doing it. But yes. Can you explain how they say it is reasonable to buy gold or silver?

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To gold and silver certificates currency? Because currency and crazy money can differ in terms of the amount that you're buying for something else? A small thing is only one but the currencies are not the same. Yeah, not the same. Yeah. Okay. So what I do is, they are the heavy the heavy, well feel but Chicka Chicka inland water feelin knocked down. And it's not permissible for you to buy and sell gold for gold and silver, silver, except with the exact same amount and then cash on the spot. That's the only way you're allowed to do it. We can ask the question, Well, why would you do that? I don't know. But if you're going to do it, that's how you're gonna do it. There's really no reason

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why would I buy your $10 with my $10? If you're gonna do it, you do it exact same amount for the exact same amount on the spot? No, no time limit, nothing is currency exchange.

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Currency Exchange difference, not the same thing. Because Canadian dollars not exactly the same as an American dollar. They're different things. They're different.

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He's different, but they also add money on top of that. They need money to buy. Yeah, currency exchange is a different thing. It's not it's not about currency exchange in its in its essence is not problematic. But the way that is played today, there's a different issue, maybe the way that people exploit the difference, the plummeting and the and the spiking of differences of currencies is more problematic in its own sense, not because I've never specifically but for different reasons, we'll come to that. There'll be a part where we talk about that in a little bit more detail. But for now, it's just important that you understand the basic concept of white as haram, what makes it and

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what we're supposed to be looking out for whatever you mean, what are your views, and it's not okay. MGTOW, who had a builder who

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you're not supposed to sell what you bought until you own it until you have it until it's handed to you. And this is

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regarding food, specifically, meaning the scholars or have consensus when we're talking about food, so you shouldn't be selling anything that is edible that you bought until you actually have it with you mean something that you have in your storages with You mean because if you don't have it yet, and you've sold it, you don't know what it looks like as food can get ruined. Because food the time has its effect on food. So if you're selling food that you don't have that you're selling apples, you don't have the apples yet maybe the apples

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arrive too late. That's not the other guy's problem who sold it to that's your problem because you haven't you bought something you haven't it hasn't arrived at your doorstep yet. Because if the time ever arrived you could be have have have it was ruined and you're already bought is sold at someone else's problematic. Imam Malik specifically said

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that anything besides food is just money, you can sell something you don't have besides food. And a lot of the scholars continued and followed him on that position. It's very amongst them, whatever, they will hire one. And now a lot of the examples we find this book are specific to the problems of the time of the guy who wrote it. So some of it may not seem very interesting to you, but just that's what he was a problem at the time. So you don't sell let him bit haywire. I mean, I don't give you 10 pounds of beef and take a 10 pound versus horrible, horrible analogy 20 kilos of beef and take a 20 kilo calf, or like 15 kilo calf No, if I'm gonna sell meat for me to has to be

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different types of meat and as to be it from a different so I think if you're gonna do a beef, I should be taking any sheep or cattle instead of it. I don't know why or when they did that. But apparently that that was something that they did. I think they still do it today on in certain

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trade businesses. So you're not supposed to sell hemp for Haiwan like I actually meet that is chopped up if you're buying the same animal that this meat was taken from. So based on what you're saying with the member that would that mean that if you're going to have a car in one month from now, you can already tell people that you're about to sell it. If you have to buy it, you have to have something that you have you've already you already bought it, you've paid for it. But you just haven't. You just haven't right? For some reason. delivering it. It's on its way or you haven't gotten picked and went and picked it up yet. Okay, you own it. You own it. You own it. If it's not

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food, then you can sell it even if you don't have it with you at the point in my life. Yeah. medica Jazza was with you want

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when you go to do not shop? Don't the one I mean by that. You're good first trade. And now I understand why. Yeah, I see. Okay.

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Yeah, yeah, that's exactly right. Yeah. Well, you may have heard he will feel Bertie Winterfell de la knock down. And it's okay for us to exchange golden currency, golden silver, in a certain in a in a setting cash. So it has to be done at the at the spot because it's currency and gold because this changes because the value of currency and gold will change day to day. So if you're gonna exchange any money, and currency, you do it on the spot right there based on the value of it at the time, because later on the value will change. And then you have to do it on the previous value. And there's a lot out there. And there's a level of ambiguity. And it's not as fair. Does that make

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sense? So we're so it comes to currency and money, you can exchange it in the spot, however you want to exchange it. And I want to be any buy for however much I want to buy it, it has to be done on the spot. Because there's no there's no fear of you're entering there.

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So you would you would buy it, but you wouldn't pay for it right? Then you pay for it later. The thing is what I fleeter because because currency and money always are Jani values of one another are changing constantly people know about it. So if I bought it from you now with a certain rate, and then later on a change that can open the door for problems to happen in terms of people disagreeing on the rate or wanting to hold on to the rate of right now not at the rate at the time. Or if someone knows something's plummeting at the time, and then it planned them goes later and it goes up. So these type of transaction should happen on the spot. And this is not a matter of full

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agreement amongst all scholars. But with the Shafia, USA example, a person was constantly looking at Canadian and US currency every single time he saw one of them rising, the other drop, he did the exchange for the opposite currency that would fit into this, like in terms of it being prohibited, because the person is always looking for an immediate increase. They're delaying it. They're swapping, I think I think that problem is not here. I think the problem for that is the issue of gambling. Because here we enter a form of gambling, where we don't know why this is going up, or why is going down, we have no understanding of exactly what's happening. I've no indicators of why the

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US currency is gonna go up today. We're just looking at the stock market. And it's just a gambler who sees going up. How do you know that by the time you press the button, it could go down again that you lost. So you don't know why these things are going up and down. So it turns in a form of gambling. So it's not really the problem because currencies are different currencies are backed up by different amounts of gold anyway. And so you're not really you're not entering riba problem here, some of them are even backed up with gold at all. And that makes it even more complicated in terms of understanding how much you're gonna buy, how much you're gonna pay for it for each for each one,

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but it turns into a form of gambling, and some people they do it and they have like a system of how to do it. Now, when the system is no longer gambling, but now it becomes exploiting the, the the market of currencies, it becomes a form of and it's actually illegal. Like, there's something this is something if you're caught doing like if you're just if all you do is just exchange currency and you're caught, it's illegal. It's heavily taxed. By the way if you could do it legally, it's heavily heavily taxed, so you don't make a lot of money off of it because it actually harms because of every time

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And the currency goes down a bit, those who have the currency immediately shifted. And so it actually makes it go down more and you could rule you can ruin for countries based on on these types of behaviors. Again, this you need to go into Yanni got to go take macro and micro economics basically, at university understand the details of how this all works. I don't understand it in detail exactly how it works. But I'm just telling you, I'm giving you the basic fundamentals of understanding rebar so that when you're stuck with a problem like this, you know what to look for in terms of what's hot, and what's not. So what's the difference between taking a risk they mentioned,

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where you go into a business or a gamble. So a gamble is not calculated, there's no knowledge, there's no, you're not having researched anything, you don't have a belief in the product that you're buying, and you're not, you're not committed to it for a certain period of time investment, you're taking risk you're investing for, I can't invest in my brother, he's a business for a day. Now and you're for an hour that that's not an investment that's investing in your business at least a year. That's why when I when I'm asked about investing, I give a number of conditions that apply that the actual product that they're using is not haram, that they are not

00:26:11--> 00:26:42

that you've done research about the product, you've seen something that draws you to believe that this company is going to make money in the future, because you can see that the other the product is very unique or their their framework is very unique. So you believe and then you invest for a year, which is enough time for this company to prove whether it's on its yearly plan or annual plan is going to make it or not, but but the day, the day investments, I know what people are doing, they're sitting there instead of playing poker, but just investing because you know, apparently they believe this is not haram. And that's how long is the same thing. You're just playing or you don't know

00:26:42--> 00:27:15

what's happening next, you don't know, the Dow is going up or down? You don't know You don't nothing. You're just just playing it by the some people have a system for it. But I still think even with that system, it's questionable. Like I do question a bit. Whether that's, it's fully, fully Okay, fair enough. So if I spent five years learning how to roll a dice, and I mastered that, if I roll it a certain way, every time it'll lead to six, can I go play on it? Because you know, knowing that I'm gonna own it? Because that's No, first of all, because what you can't do that. I mean, that's not even a part of the meaning meaning if they know that you've mastered that, they'll take

00:27:15--> 00:27:44

you and break your thumbs. And you know, do you ever seen like the movie casino, though, they'll kill you for that you're not allowed to do that. The whole point of playing this is that it's, it's only a risk, if you have a system, and they're capable of can you say, well, if a system is no longer gambling anymore, yeah, but the people that you're doing it with are gambling, and they're gonna beat you up if they know that you have a system because they're basing it on nothing but luck. So if you try to base it on something else, you have to do with people who don't base it on luck, they base it on a system, and then if you want an entrance to a sport, and when suddenly a sport is

00:27:44--> 00:28:06

no longer gambling anymore, so and then that's a different thing altogether. So so if it turns into a skill, meaning you've mastered a way to roll, then you have to compete with those have also mastered that it has to be based on a sport and not based on a gamble but most people are doing this or not most people all people is just a gamble. I'm just gonna throw and see what we get. So when you start bringing in a skill first of all, you're breaking the rules of playing this game. So you've already you've already

00:28:08--> 00:28:45

violated the rules of doing it for the people that you're doing it with. And that's the hardware becomes there and not not elsewhere. You shouldn't be playing a game that other people are treating it as a gamble. If they're pitching as gamble then you should just stick to it to something else to do okay, well you're using my urgency men have led him to fail the oh sorry. Okay, daddy can Macomb so we're now we're gonna come up on magnet we're talking also about food, specifically staple food crops. What I use with a Euro Elgin Seaman having the 311 with the mafia and Napa as for food, you cannot sell and buy food that are from the exact same taper or that same kind, except exactly the

00:28:45--> 00:29:01

same amount enough to get on the spot. So here's 10 kilos of wheat, give me 10 kilos of wheat. Now why would we do that? I don't know, it's not important. But if we're gonna do that, so we're going to do it I'm going to do with any extra amounts going back and forth where user by urgency mean happy lady with a foul did a knock there. And it's okay to sell different types of food.

00:29:02--> 00:29:14

With a foul demand with different amounts knocked on the spot now on the spot is not something we all agree to, it doesn't have to be on the spot. Specifically, the type of food is a food that does not get ruined by through time. Like, you know,

00:29:15--> 00:29:36

anything that is it's a wheat or barley or anything that is that you can dry. So it's a dried up food, so yields, it'll hold on to his values for a very long time. So you don't have to do it. nukkad is not something agreed upon amongst all scholars. But when they talked about this, they didn't have the forms that we have to do in terms of actually preserving food for long for long periods of time, like we do today, when I used

00:29:37--> 00:30:00

when I used to buy your inventory, but when I use the way already, meaning it's not okay for us to sell or buy anything that has ambiguity in it. If there's suspicion and lack of clarity, if you don't know what you're buying, or you don't know the details of what it is you're buying, then that is not permissible. The most important part in terms of transactions is that we know what we're buying in detail. If you don't if you cannot see it, then you have to be able to

00:30:00--> 00:30:24

Describe it properly. And this is what you when you get it, it has to have the exact and precise description that it was offered to you. That doesn't happen a lot when you buy things online. Right. So be careful when you're buying things online, you should be able, there should also always be a return policy, if what you were given was not what was described to you, because it happens quite a lot in terms of sizes and quality and the material that things are made of.

00:30:25--> 00:30:27

And by the way, that is the biggest

00:30:28--> 00:31:02

point of talking about transactions. What is not impermissible and transaction is by his buying and selling something that you don't know exactly what it is when it's when it's ambiguous. So buying, yeah, he just, this is a cabinet, you don't know what's inside. Like, I'll pay $5,000 for it. And you just open to find out if that's how you don't do that. People do that a lot. And then there's actually businesses that are based on just buying containers that come off chips, not knowing what's what's inside of them. Now if you do know that there's a certain amount of something inside and that's what you're buying, that's what you're putting your money for. You don't really care about

00:31:02--> 00:31:12

anything else and that's fine. So if I know that in this container is inside this is a is an antique piano, and I want to buy that piano for $5,000 I don't care about anything else.

00:31:13--> 00:31:25

I pay $500 Because that's what they won't buy the piano for. Because something else is good. If you don't get I don't care, then that's okay, because you're buying because you're at least you're buying something you know is inside. But if you're buying you have no idea which is a good opening, if I just Jonnie mold and

00:31:26--> 00:32:00

it could be empty then that's that's problematic, or things that have zero worth I don't even know worth at all. So that's not okay, because that's another form of gambling all over again. It means quick, simple. And people people who object to these things are people like making that quick buck. Everyone likes to make a quick buck. Everyone does. It doesn't make a special you're not different. You're not unique because you want to make quick money. Everyone wants quick money. Everyone wants to try and if you feel lucky today, well that's that's literally exactly what what gambling is all in all in all if you if you're just basing it on, nothing but pure luck, okay? Fossil, nowhere is a

00:32:00--> 00:32:00

new

00:32:03--> 00:32:11

paragraph, we're moving on from Biba to transactions will motivate yawns. Also people who are buying and selling something below theory

00:32:13--> 00:32:14

with cucumber, no one.

00:32:15--> 00:32:16

Sorry.

00:32:17--> 00:32:18

God is

00:32:19--> 00:32:21

with choice or with option of

00:32:22--> 00:32:54

filing a transaction. I just wanted to because people were talking so serious, it's as if all you guys were Yeah, any buying and selling stocks. And now I told you it's not okay. And you're, you're upset. But yeah, you had the choice with the option to pull out mal Amita. Farrakhan as long as they have not left one another. So if I'm standing with Brother Emanuel, and we're negotiating to buy something and sell something, we agree to it, as long as we're still standing here, we can we can violate this, we can end this invalidate this transaction. So you know what, I don't want to do this anymore, right? So because the back of them, that's how these things happen. Now, today, it's

00:32:54--> 00:32:58

happening on the phone, it's happening online, it's happening in different ways. So this specific

00:32:59--> 00:33:07

ruling only is carried if the way that we're buying and selling is face to face in a transaction when you're studying

00:33:08--> 00:33:30

either 30 or 30 Am and the other way to see how about we have the option of via validating, and validating or violating this transaction for three days. So for three days, we're gonna go home, think about it, and then three days later, for still good will continue. But within this period of three days, we can we can end this transaction if they want. So for the Shafia, they specified it three days, Honeyville, himolla, and Malik.

00:33:31--> 00:33:53

And I'm gonna say you choose Hajah. Sorry, I was like the Shafia. They say they say three days only. But even Mallika Hanabi, let's say. I mean, you could have that period for as long as you want. I mean, you and I can agree that it will be a month we're gonna go estates house, this is a huge piece of real estate, they will need some time to discover and to think about it to negotiate. So

00:33:54--> 00:34:28

the Medicare so you can take as long as you want, but don't even show face it only three days, they don't have much evidence for that. So I would go with the other opinion in terms of if we agree that we have like a year to think about this, then that's what we agreed to. Because at the end of that year, then we're gonna actually buy and sell gonna give them money and take the merchandise for it. Okay, what would you do, Billy, maybe I even fell ill machete or do who, if it is found within the merchandise that is bought whatever that is, wherever we bought, if we find if we find a defect, then the person who was buying he has the right to return it and wish to do. And this is a condition

00:34:28--> 00:34:38

for Islamic transactions. And this is a condition for an Islamic transaction that there has to be something acceptable. If it's not mean the transaction is no longer Islamic.

00:34:40--> 00:35:00

Yeah, yeah. So the cost who doesn't do it better than us, meaning you have the right as a Muslim, if you buy something that turns out to be to have a defect in it, you have the right to return it. If you're going into transaction where they're telling you even if it's defect, even there's a defect, we're not going to return it for you. You shouldn't go into that transaction to begin with. Because now it's because now you don't know

00:35:00--> 00:35:18

If you have no idea, you don't even see the thing, you're just waiting for it to arrive to you or you didn't see it in them, it becomes difficult. Well, that's your luck. No, that's just the gambling. So you have to have the right to return it. If it turns out that there's a defect that would not allow it to function the way it needs to function. Does that make sense? It's important. It's an Islamic law. Yeah. In terms of transactions.

00:35:19--> 00:35:28

been buying, selling? Sorry, most of the time we buy or like they have mistreated the other term policy most of the time, because it only makes sense. Yeah.

00:35:29--> 00:35:30

You pay for it.

00:35:32--> 00:35:35

The seller doesn't, doesn't return it for

00:35:37--> 00:35:57

like he doesn't pay for the return. You have to return for the shipping. There's a defect you have to pay for back. Actually, I don't think that's true. I returned. Most of the time that's like that. Still okay. Yeah, that's, that's, uh, maybe maybe that's not the perfect Yeah, that's not the best way to do it. Because you're being

00:35:58--> 00:36:27

the burden more than then you can, because that can turn into a scam, right? You just keep on sending something sending something that has a defect, and people have to pay back for it. Just keep on you know, money doesn't go to the. So the only reason that this would be wouldn't be the guy will see this to be permissible, because he's not taking the money for the return is a different company that's shipping this that is taking the money for return. And because of that, I can see that that's acceptable. I don't think it's the best way to do it. Islamically, the buyer, the seller would have to would have to carry that part. Or at least it should be something somewhere in the middle between

00:36:27--> 00:36:29

both of us. Yeah. And if something has a defect in it.

00:36:32--> 00:36:41

So you want it anyway. Yeah, for a different reason. And that's fine. Like this is the container. Yeah. So you don't care? Yeah. But what happens is, what happens if the container has a defect in it?

00:36:42--> 00:36:48

Right? I mean, you want the container, but the container itself came with a defect. So what's inside of

00:36:49--> 00:36:53

it? Talking about the example that

00:36:55--> 00:37:05

you know that there is one Kevin seen it, you're gonna buy it? Yeah. put a price on it. Right. But if the piano keys are not working, yeah. So that you can?

00:37:07--> 00:37:24

Yeah, so it depends on why you want it. So what do you want? What do you want it for? You want it as A N N T, just to put in front of people that you need to be in one piece? If it's all smashed up, then you don't want it right. So it depends on what you want it for. If you want it to actually function whenever you have to play it, then you want it to actually, so it depends on what you want it for. Right? So before the Tarot.

00:37:25--> 00:37:51

No, that's the thing? Well, there has to be an agreement that it's going to be, there's a description that we're gonna agree to that the description is important. There's a piano in there, what is a description of that piano? So you have to tell me what's inside. So you can't be just oh, there's a piano, but it's just keys all over the place and just nothing. I can't sell you a desk by giving you a tree and say, Well, you just have to modify the tree a bit, and there'll be a desk for you know, you have to have to agree to the description of what I'm telling you, right.

00:37:53--> 00:37:56

I'm thinking of books, five books online. They give you a description.

00:37:58--> 00:37:58

Yeah.

00:38:01--> 00:38:10

Even if like half of you still want the other half. This is valuable to you. Yeah, if that's what you want. But if you're like, No, I need a second hand that has a defect, you have to be able to return it.

00:38:12--> 00:38:48

Like, well, it depends on whether you're okay with that or not. It goes back to the buyer. Yeah, it comes back to the buyer. What are you looking for, like, if you're looking for that last page, it's not there, then as a director, you have to return it for because you have the right to return if you didn't get what you were looking for. Okay? When I use your femininity, McLachlan, elaborate IW Do we follow her. And it is not acceptable to sell fruit on the tree until you can see that it's ripened. And of course, there's a lot of different disagreement on this. Within the other mme, especially in parts of the world where this is a common practice. So you want to go and you want to

00:38:48--> 00:38:50

take take this whole orchard of

00:38:51--> 00:39:14

oranges. So this orchard of oranges, they're just small little green fruits that aren't even as big as pebbles are very small at this point. But you want to you want to pay this guy to leave this orchard for you. Right so if you're buying the actual fruit that's haram because it's not it's not something you could easily could freeze overnight and all fall off the tree. But if you're paying him to leave that

00:39:16--> 00:39:45

to leave not to touch what's on the tree you want to benefit from from the streaming meaning you're not actually buying the fruit you're buying the right to whatever these trees bring bring forward as long as being taken care of in terms of irrigation, then that's a different issue mean there's a because because the price on that will change because you're not actually buying we're buying fruit then you're saying okay, this is going to be estimation of 10 Tons 10 tons of food is worth this much. Here's 10 does not like I'm looking at this orchard. I want you to leave this orchard for me I want to take care of it. I wanna take everything that it produces. This is how much money I'm giving

00:39:45--> 00:39:59

you mean you have to make the estimation of how much you think with the risk with how much is gonna get lost, or how much is probably gonna get ruined and may or may not work and then you pay that's a different end up paying for the fruit. You're paying for the access to the orchard, which is a different way of looking at things and I think it's it

00:40:00--> 00:40:01

It is an important

00:40:02--> 00:40:04

Yani manager or, or

00:40:05--> 00:40:12

I would also have ease like an offer of ease that people who do who work in this interesting need in order for them to actually take care of

00:40:13--> 00:40:28

continue to do to do their business. But again, this is something that you and I don't really see on a daily basis. And there's a lot of argument that we don't need to go into, into, by, like, by example, washing machine or refrigerator. Most of the shopkeeper say, once you take it this monitor.

00:40:30--> 00:40:35

So it's in the shop, you have the right to test it and see how it works and, and then take it.

00:40:36--> 00:40:38

So if you don't, if you don't do that, that's your problem.

00:40:40--> 00:40:40

Like,

00:40:41--> 00:41:10

no, you can test it, no, you can wash your machine. So it's a new washer, whether you have a warranty on it, if you have a warranty, most of them have warranties on them, like almost everything that is new has a warranty on only was used. That's why it's misused, and I'm telling you as is right, then you have to be okay. Even if it's not working for you, you accept the fact that it's not working, you're buying it, whether it's working or not, that's your intention. But if you're buying it, then no has to be working, then you have to have the option of returning it. If it's not, if they tell you no you don't get it off, here is nothing you don't buy it, or you have to be okay.

00:41:10--> 00:41:28

Like he said, it's not going to be working you have to be okay with that meaning you have accepted that once you bought that you're gonna benefit it, even if it's not working and have someone come and fix it for you or something like that, or you get to test it. But here we're talking about getting food, which is a different thing. Whatever your mafia Rebbe agency he or not the 111.

00:41:29--> 00:42:04

So you can buy and sell something that is exact, you can buy and sell the exact same thing, not one agency document when it comes to fluids or liquids, except lemon. So when it comes to Haleem, if you're selling Haleema, to me give you 10 kilos of honey even give me five kilos of cheese or about Ichi or something like that, the scholars have seen that to be permissible, because the effort that's being put by the other person to actually turn it into something that is edible, or that is useful. So when we're buying and selling liquids, it should be the exact same just like we do for food and for everything else, except for for the dairy products that are going to be modified after

00:42:04--> 00:42:29

we buy and sell them because they have different values when we when we do that, based on the person who's making the recipe that hasn't. Okay, again, these are very specific examples to the time that he was environmental body. So what are some of the before we move forward, we're talking about the sleeve now a seminal moment was an important part of basically we're talking about ordering things online, ordering anything. So what are the conditions that exist for that? So before we do that, what let's talk about a few of

00:42:30--> 00:42:48

the fundamental principles in terms of buying and selling us. Just before we go into that, yes, buying like used car, like for example, like, like, might be able to check out the car and everything, but there might be defects on it later on.

00:42:51--> 00:42:56

So as long as you are given the chance to take a look at it, it's your problem from now on.

00:42:57--> 00:43:24

It will wouldn't be your problem, it would be it wouldn't be their problem if you didn't get to see the car at all. And they told you no, this is working. This is working. This is working. You paid them and they gave you the card that's not working. Right. But if you got here's the car, go crazy. Take a look at the car, do what you want. Once you've seen the car, pay the money and leave, you gotta come see well it turned out this wasn't working your problem you look at the car was there take a look, do it do what to do what you wanted to do. That makes sense. So once you have access to the actual merchandise, if you're gonna pay for it, that's your problem. It was your lack of skill,

00:43:24--> 00:43:39

lack of knowledge, lack of experience that cause you not to be able to buy something that you actually were going to benefit from. That makes sense. The problem is is ambiguity, no ambiguity, right? When you're buying something ambiguity can be either so false description

00:43:46--> 00:43:50

for something unseen, or something unseen.

00:43:53--> 00:43:58

Right, so for something, a false description of something that is unseen

00:44:00--> 00:44:01

or buying

00:44:03--> 00:44:04

something unknown

00:44:06--> 00:44:10

is buying an unknown. Like I said, was it whatever is in that cabinet?

00:44:11--> 00:44:44

But I don't know what's in it and you don't know what's in it? Yeah, I'm just gonna pay 5000 I may find something that's worth 1000 I could find something worth a million right so buying a note or false description of something unseen if it's if it's seen like your example. It's your problem with that moment on. I'm gonna sell you this board. Come take a look at it. Maybe working may not be working. Take a look. You're good. Give me the money. You take it you pick it up it falls to pieces your problem not mine you tell you was there in front of you but took a look. I didn't say anything. I just showed you the merchandise itself. But if I told you I'm gonna, I wasn't here and I'm gonna

00:44:44--> 00:44:59

sell you this board. Right? It works. It's functional. I described it to you. You gave me the money you take it picked it up. It wasn't like I described then you have the right to return it and I have to give you back the money. But it was there as your problem. So when it comes to use cars, if you have experience you go, you go to the mark and you take a look and if you know what you're doing then you get a call.

00:45:00--> 00:45:10

If you don't know what you're doing, and you get you get screwed over with a car that you're not gonna actually benefit from. So it comes back to your money, your knowledge, another principle that we established

00:45:11--> 00:45:12

was that a bomb

00:45:16--> 00:45:17

is increasing

00:45:26--> 00:45:27

money value

00:45:29--> 00:45:32

with loans through time.

00:45:36--> 00:46:08

Everything that is haram, every buck comes back to this simple idea do you guys get that from me is very important because there's room in the seat, editable formula and all these different types of labor when you study. But they all come back to this simple idea that you're not allowed to lend money, and just make money based on time progressing. Because of that loan. If I lend you 100, and you pay me back 100. Now there could be ponding on EBA assets, there can be all these other different details, you just can't continue to increase based on money. And then all the different details of ever being haram comes back to this. That's why you're not allowed to buy money with

00:46:08--> 00:46:30

money, except the exact same amount to buy currency with currency, same currency. Amount, I can't buy food with food, unless I'm using the same amount it was the same thing. It was different different things, different types of food or different types of buying different types of currency, then you can go ahead and you can do it in any way that you want. Because now you're playing the risk of the amount of the value of what you're actually buying. Some people say that this principle applies doesn't apply your

00:46:31--> 00:46:59

loan for business and personal use, like day to day consumables. How do you mean, some people say that this principle is only far this principle is the most is the only principle that we have? This is for everything. So I don't know what what do you mean? Give me an example. Someone money to buy like your sugar kind of thing consumables. But if you give this money to someone to run a business, then it's okay to make the money on this

00:47:01--> 00:47:04

cycle. But I don't understand your question at all.

00:47:06--> 00:47:07

lending money for consumer

00:47:10--> 00:47:24

doesn't make a difference. Mix makes no difference at all. If you're gonna do it for business, it turns into investment if you want to make a difference. Investing is different thing investing is carrying risk in Riba and the problem with riba the loner

00:47:26--> 00:47:27

has all the money

00:47:31--> 00:47:34

carries none of the risk, carries no risk.

00:47:36--> 00:48:09

This is the problem, he has all the money, he carries none of the risk. The the guy who's loaning the money, the money who's lending, I taking the money. He's the one who has no money, and he's taking all the risk. And that is the problem. So when I invest in you, I am actually seeing that I'm accepting the fact that there's a risk that you may make money, you may not make money, if you lose, I lose with you, whatever it is, you lost, okay, you still owe me the money, the amount that I gave you and my profit on top, but I didn't make a profit. I don't care. It's your problem. So I would in that's what I did. But it's it doesn't make a difference with this consumables or this businesses

00:48:09--> 00:48:36

makes no difference at all, isn't a loner taking a risk of the person defaulting and not paying you. That's why That's why we have laws and so you have countries and so it didn't ever happen to the risk of that is not really a risk. That's there's always a risk of someone breaking the law. It's always a risk of someone breaking the law at all times. But as long as there's a law, then you're not really taking a risk, because the law will will make up for your for your losses. But we were talking about without breaking the law, you're not really making you're not playing a risk whatsoever.

00:48:38--> 00:48:45

One more point, like, can say that the only thought those business who have never been lost.

00:48:46--> 00:49:16

There's no such thing. When you're talking about business never been alive, there's always a possibility of a business losing. Yeah, that's, that's just so they're basing on statistics. And I understand that statistically doesn't lose. But there's always a possibility that this loses anything can lose and anything can win money. The idea of okay, here go I'm investing in you is me accepting risk? Well, it's a very simple thing. Well, 90 Understanding isn't very difficult. It's just a few topic, it's just this one year, see this.

00:49:17--> 00:49:52

And through time increasing through time, these are the these are the issues, I have to accept risk of I'm going to work with money if I'm not accepting risk. That's a problem. That is a guarantee that I don't lose money. Meaning I am rich, I will continue to be rich or I will get richer, right for you. The probabilities are playing against you, the odds are all stacked up against you. You don't have money, there's a really high risk that you even have less money very soon. And if you make money will make a small leap because you're being burdened with all this debt, all this interest, all the zoom, but that JSON feedback, but when we play in fear, it makes more sense

00:49:52--> 00:50:00

because you have money or the person who's learning has money. So when he's playing a risk, he's not he's losing some of that money, but he still has a lot left but the person

00:50:00--> 00:50:12

Isn't who doesn't he doesn't have anything He doesn't hate already He's already a little Why would you ask for a loan? If you didn't need if you had the cash he wouldn't ask for a loan right? So no one would ask for loans that actually the cashier didn't have money to begin with. Okay.

00:50:15--> 00:50:50

So last time I want to explain to you guys go back to I put four exceptions for a Muslim to enter a contract a contract that has been it's the problem with us is not paying an opinion it was haram all the time. But for you to enter a contract that has been in it is the problem even if you never pay one cent of labor throughout the whole contract. signing something that has a possibility of there is a problem is Hold on. So Are there exceptions I put like down last night for exceptions and we explained them in detail. So go back to last time and listen to it, if you want to know more about what what what exceptions exist, credit cards, student loans are agreed upon, and to an agreed upon

00:50:50--> 00:51:02

mortgages for houses and life insurance. So those are those are the ones to ones that people don't, don't agree upon. But you can find the breakdown or the scientific Islamic breakdown that I believe is more most any

00:51:03--> 00:51:39

proper regarding those issues and shut up. Okay, let's say let's say $100 million, and I want to help the community and I want to buy them all houses. Of course, I'm gonna tell them alright, I'm gonna give it to you for more than because you're doing in payments, otherwise, you go by yourself. So I'm not gonna give them a crazy rate, but like a fair rate, but then every other month, they'll come to me say, Oh, well, I couldn't pay it this month. I couldn't pay that month. So are there laws that dictate something for that? Don't I make these laws are like no, the government these laws, meaning if someone, if you get sold someone, something, it didn't pay you what you sold, now you got

00:51:39--> 00:52:09

to rip Kenny reclaim, reclaim the property that you sold them, and you got and you're allowed to take any damage of what he made for that property. And they're trying to make so you don't lose. From a legal perspective, the law is always there to make sure that you don't lose. We're not talking about someone breaking the law or trying to make you lose, we're talking about without breaking the law. Right. Breaking the law is a different thing. If someone's gonna break the law, there's always a chance that you Yeah, and even when I'm doing it face to face that he takes the thing and before he puts the money in my honey and he runs and he breaks a lot and there's always a

00:52:09--> 00:52:43

chance of losing money, the person who breaks the London lock can't can actually get him to do it. But that's not that's not the issue here. And when you do that you pay increased amounts you make make more you make money long term, as long as the law is there to to enforce these, these legalities. So if the law says we had to pay like a certain percentage extra, that wouldn't be kind of noisy, that's not really the law. That's something that buyers and sellers agreed to the law doesn't doesn't force someone to pay. But it's just that's what the norm is amongst consumers and banks and trade companies or people that people are doing trade. But the lies in what the law does

00:52:43--> 00:53:06

it enforces that people who write in agreement, follow through with that agreement. So if I wrote an agreement with you that you're going to pay me something you didn't I take it to the courts and the courts will force you to pay or they'll compensate me in a way that is fair. Right. And that's what the law does. But the law doesn't dictate that you have to pay riba for anything. Yes. Yes, go ahead. Yeah. So you're saying there's two conditions, one is increase over time about

00:53:07--> 00:53:18

interest. And then the other is risk. So people who work in this business, they believe that leaving me alone or giving someone money is taking risk?

00:53:19--> 00:53:21

Nine if the law is not broken?

00:53:22--> 00:53:35

Not if the law is not broken? If the law is broken, yeah, it's a risk. If I break the law, I take your money and run, then yeah, you lose. But if as long as I'm alive, and I'm here, there's always ways for you for the law to compensate you for that.

00:53:37--> 00:53:40

Mistake, money, the possibilities of

00:53:42--> 00:53:46

lending money, so lending money with riba

00:53:47--> 00:54:21

so lending money with riba with riba you will never lose unless the law is broken. Investing, you could lose without the law being broken. So if you're not losing money, if you're never losing money, as long as the law is not broken, that means you're not taking any risk really not breaking the law. You just got to pay back. Yeah, you'll get compensated there's, there's there's insurance companies that you're the collection agency, there's insurances on these loans, they don't, you're never actually losing that person will always owe you that money. So that person he will owe you that money. And his inheritance will only be that money that money is always owed to you. You're not

00:54:21--> 00:54:52

losing it's not there. Maybe you're not collecting it when to when you want to collect it, but it's always in your them. It's always in there them but for you, it's always for you, as long as the law is there to identify that money being for you. But when he breaks the law, then yeah, you could use your money you could run go to different country, no one can get him again. But investing is the concept of you taking risk, whether the law is great. Without the law, being broken is just a normal part of business. You could lose money, but remember, the concept is as long as the law is there to be enforced, you're not going to lose anything because you're always going to find an asset to take

00:54:53--> 00:55:00

in return. Because usually it's not really money. It's assets that you're gonna end up taking. You don't loan money to people, unless they have some assets. So some

00:55:00--> 00:55:25

where someone has nothing at all, you're not no one's gonna give him $100,000 No one will give him even shark loan sharks won't do it, you have to have something because they're looking what how many of you will pay back so that the lie that wants to come in take something they can collect something from you, that is that is worth what I what I lent you. So that is the concept guys are those who say we carry risk, you don't really carry risk. It's an even if forget what they say, look at the practicality of this.

00:55:27--> 00:55:56

Those who are rich in the banks are just getting richer and, and every else is not. So it's not very hard to even if we're going to argue with the risk, whether it's there or not the practicum the actual Yani results of these things are speak for themselves in terms of who's actually carrying the risk here and who's not and who's not getting the risk, out of a million out of 100,000 transactions, maybe the banks will lose on one, because it's so much easier, but they make millions more than they would ever. And it's and it's the consumers, the person who's taking the loan, who is always constantly being burdened with more and more of any of that debt. I'm not saying that people

00:55:56--> 00:56:26

have to loan money for free. I'm not saying that we have, but there are other ways to do things yesterday, but not an option. What we could do instead of it to the alternative. I'm not here to tell you the alternative. I'm not an economist, but I'm telling you what's not an option Islamically it's time money, that is not an option. Think beyond that, think a wave does not okay, think now what you want to do, think what we can do think of things that we can do in order for people who have money to be more encouraged to invest into loan and to help people you know, make more money, think this is not an option. Lending based on data is not one, right? Just leave that alone. And

00:56:26--> 00:56:34

then you will find a way and we'll there are ways in there and people will come up with with alternatives inshallah. Okay, let me move on to the next point.

00:56:36--> 00:56:43

We actually make some progress today, where we're gonna talk about the center, Mr. Lim is to sleep. Right. So the word Salam that they use in the books of filth

00:56:45--> 00:56:48

As Salam equals disbelief,

00:56:49--> 00:56:54

you if you're impaired, because the first language, which is ordering,

00:56:55--> 00:56:56

ordering goods,

00:56:59--> 00:57:00

you know, order something.

00:57:01--> 00:57:02

So what happens when you order something

00:57:04--> 00:57:05

in that transaction, what happens there,

00:57:07--> 00:57:44

up up upfront, and you wait for your goods to come, right? So you've already paid. And this is exactly how it was online all the time, you want something you pay for it fully, you don't pay for half of it, or you pay for the whole thing. And then you wait for it to be brought into. So the goods come in later. But the money is given upfront, it's got the sleeve, sellable, Harlan, Jen FEMA, to Camila fee, Hamster shadow, and ordering goods, any sort of just leave giving money upfront. So the example was gonna give you before the event was if you were building a table for you came and said, I want to build me a table. And I tell you, Okay, I build you a table is gonna be

00:57:44--> 00:58:15

$1,000 for this table that I build you. And I tell you, can you can you pay me up front? And I'll give you the table later. So you could say yes, that's called sedum, and it's got the sleeve that's called ordering goods, basically, or you can say, No, I'll give you the money. Once the table is ready. We can we can do it then. So there's more than one way to do this. So is this something acceptable assignment, we said a minute is permissible to do Saddam had no agenda, meaning whether the good is ready, or it's going to be made later and was made later like the example of the table. So whether it's actually there, but it's going to be delivered to you later, or it's actually not

00:58:15--> 00:58:38

made yet and you're gonna be prepared for a few in a future time. Now, FEMA TOCOM, and FE comes in some in a situation with five conditions. These conditions aren't all prophetic, neither are not taking off from pure evidence of the Quran and Sunnah. However, what they are, is they are the conditions that the mom or the Shaggy and the different mother have

00:58:40--> 00:59:16

came up with based on observations of these transactions happening during their time. So a lot of these ones, a lot of the most of the ones here aren't actually very accurate, though, it's the first one that we fully agree to, and that is agreed upon for all scholars and all times the first one on your corner, on the sofa, meaning that what you're ordering is weld is defined perfectly through description, it has to be described perfectly, meaning I'm going to pay you for a good, you're going to bring it to me later, it's going to be delivered to me, it has to be exactly the way that it was described, it was not the way it's described, this transaction is invalid, and then you have to take

00:59:16--> 00:59:31

your money back to the boat and the surfer has to be something that we have properly, properly defined in his description. And that's the one that we all agree upon. That's the number one after that, all the other conditions are just to make sure that that happens. So just to kind of

00:59:32--> 00:59:59

spin off conditions. So the first one in your corner, Jensen limb, you have to be here has to be one. June semi has to be one thing, one species or one type or one kind. Let me be real, there hasn't been mixed with a different kind. Meaning if you're meaning it's harder that way for you to describe what it actually is if you want it but there are two kinds that have been mushed together. You're not sure how much of this and how much of that and you're buying something that is ambiguous meaning Yeah,

01:00:00--> 01:00:34

You don't know exactly how much you're getting is you're getting buying a mix of nuts, and cashews and Yanni and peanuts, and they're coming together. But you don't know how much of each is there. And that's problematic because they may send you like a blonde a penis with one cashew inside of it, right? Because it's not because you're not able to distribute is going to differentiate the value and the weight of the two things that you're buying. So again, these are, these are things that you can work around. I mean, it could be a norm within the industry industry that people agreed on, that's fine. But the scholars, when they put these conditions in their minds are thinking of how to

01:00:34--> 01:00:57

make sure that you're not gonna get ripped off on your order or good when it comes to you enough that we that you wanted it. And then you were like, Well, I told you, it's gonna be peanuts and cashews, I didn't tell you how much. That's why well, maybe then we have to put a condition to make sure that doesn't happen. So that's what scholars do. For behind that's their job is that they observe transactions, the observed problems and societies, and they put Islamic regulations on it so that you don't get ripped off. So there's no ambiguity, and we're not

01:01:00--> 01:01:40

selling people something that they're not actually trying to buy it. We're not having haram being entered into the transactions that we're getting people involved in. The third one that he put what I'm trying to call who narrow alley, Hala tea. And so it's something that is not subject to fire or to heat. And in this condition, is regarding things that we cannot we don't know the effect of fire upon. So you can't buy a you shouldn't be buying something that is being subjected to fire. Because you because you don't know how much fire and then what the effect of that if you're going to order. So ordering food would be an example for them. But because we can identify the effect that fire is

01:01:40--> 01:02:13

going to have on the food. We know what were the description of what we're buying. It's not something that we don't know what the description what what the effect of of heat is going to be upon. Again, the the examples of these things were specific back to a time when sometimes moving something under the sun for a long period of time could actually change its properties. And then you wouldn't want it anymore after they arrived to you that make sense. So these are examples that the scholars would think of based on the problems they had Yani in terms of buying and selling things. And ordering goods. Well they Hakuna Matata Yellin Well, I'm in Wigan, and this is more talking

01:02:13--> 01:02:25

about it shouldn't be something that is right then and there, or it's no longer selling, it's no longer ordering goods. If I'm ordering a good but the good is right there, there's not ordering goods anymore. And we shouldn't be using that term. I shouldn't be paying you upfront, even though the thing that I want his right turns in your hand.

01:02:26--> 01:02:44

It's right there, just give it to me, why are you not giving it to me later. Now, that's problematic mean for ordering goods, either it takes time to arrive, or it's not ready yet, you're still billing, if it's right there in your hand, and I'm paying it for you, I'm not gonna give it to me now, that's not selling anymore, that's not ordering goods, it's a different thing. And there are different conditions that apply to,

01:02:45--> 01:03:02

to paying for something than taking it on a different date. Or it has to be a reason when I'm in why human beings shouldn't be ordering something from a specific place. That is an identified in terms of its of its availability. And so if you're ordering

01:03:05--> 01:03:36

a wallet from a very small company that sometimes inconsistent and in the number of wallets that is able to produce that you shouldn't be ordering goods from that place, you order goods from a place that is consistent, and then the amount of merchandise that is capable of producing again, the reason for this is that they they noticed that when you do that back then in the times that they were in that when you order it or ordered goods from a place that it wasn't very consistent, you'd end up being ripped off and you would pay your money, the money would be spent and then you wouldn't get what you wanted. Because there's not a level of credibility, that not enough credibility for

01:03:36--> 01:03:37

what it is that you ordered in the first place. Yes.

01:03:39--> 01:03:40

airplane tickets,

01:03:41--> 01:03:42

airplane tickets.

01:03:43--> 01:03:51

Because you're not ordering a good you're buying a service, then there's no seat. Yeah, but that's that's different. That's very different because

01:03:52--> 01:04:24

it's inconsistent, but it's not, it's not, it's not ordering goods, that's number one, it means you're actually not delivering something to you. That's one thing. The second thing is, is that when you buy tickets, the thing is we don't read whatever the word is, I agree and accept, you just press the checkmark and press OK. You never read a string. Put your hand if you've ever written read anything, put your hand down you've never read any of that before no one ever reads these things. They're just they're just there to impress I agree and okay, but actually in those conditions when you're ordering if you're buying tickets online, they tell you that this is not a we're not

01:04:24--> 01:04:43

guaranteeing you that you're going to be on the flight this is just you need putting down a payment for something that may be available and may not be available will give the money back to this not available so they're telling you they're not to do ambiguity here. The only ambiguity that exists is because we don't read the actual conditions of what we're doing. But if you read it it there's no lying in the

01:04:46--> 01:04:59

plan. You have automatic renewal. Sure, and then they tell you in the thing that we all read it so then it renews for you're like oh no I spent another $90 or something I didn't want to when they first bought it then you've already lost the money and they won't give it back to you. But it's your problem because you know

01:05:00--> 01:05:00

read it properly, right?

01:05:02--> 01:05:05

Terms and Conditions. Like that's how you go read this book.

01:05:06--> 01:05:17

Yeah, well, I guess so those are those are the conditions that exist for for ordering goods, what you're what you're left with really no, I agree. But I just see it is what it is Yanni we're

01:05:18--> 01:05:35

I made these may You make you make these mistakes in the Learn, the main condition for ordering goods, there has to be perfectly defined through description, you have to know what you're buying. And then it has to arrive the way it was described in the first place. And there should be no ambiguity in the description of the goods that you're ordering because you're paying money upfront for it.

01:05:37--> 01:05:54

So what if, like, for example, if they you buying something from somebody, and they usually order things, right? For example, there's something that's been sitting in the shop for a really long time and all that wants to tell you that we said no, I want you to like when you order it, and you give me the new one.

01:05:55--> 01:06:11

Okay, so what's what's the problem with 1020? We asked him a question like this, like, is it okay for him to like for somebody to wait and even though there's something like they're physically there, but you asked for the new one that's not there, right? Yeah. Okay, that's what you asked for the new wait for the new one to come in.

01:06:12--> 01:06:47

Can we You were very clear what you wanted. You didn't want what the one day you want the next one? Fine. We'll wait for the next one. And we'll give it to you. I needed it. There's a reason for that even there's no reason for that, you have the ability to make that condition if you if you if you care to make that condition. Okay, we're not done with with with a salon, we haven't enough time for you to finish the conditions of the contract of ordering goods to be valid. There are eight conditions to murli so haughty, and loosen any fee that are near too short. For the contract of this ordering goods to be valid Islamically there are a number of conditions again, these conditions come

01:06:47--> 01:07:13

back to one or two basic ideas and the rest are things that scholars added based on what they observed during the times that they were living in the first one he Anil Sefa who by the decree agency he went away he will see fertility Academy phobia Thurman he has to describe to you coffee tells you what it is, and what type it is or what kind of is whatever it is that you're ordering, he has to describe to you based on the description the features that would make the value different

01:07:14--> 01:07:53

you have to tell you the features that would make the value different so if you're buying this from me, I don't have to tell you the color because that doesn't change the value of it right unless for some reason the paint that is used for a red racer and is different than I've had to tell you I will have to tell you that the issue is that the features that would make this change in its in its value based on what's inside trying to tell you the type of fabric that is used outside and the level how the density or the thickness of it and the material used inside because that changes the value but what does it tell you something that wouldn't change the value but I have to tell you everything

01:07:53--> 01:08:23

that would change the value so that's the first condition what could be my in future highlighter and who and for him to explain that in detail enough for you to be able to know the differences mean it has to be no it has to be no ignorance regarding you can't you shouldn't be surprised at what you get you shouldn't be surprised with what you get if you get something you haven't been described well enough so that you don't feel that you are ignorant towards what you're going to get yeah has to be enough that you know and you're comfortable with what has been described for you in addition

01:08:25--> 01:08:51

to the condition for the contract of me ordering the goods to be valid Islamically I mean these are these things have to be met these are the conditions have to be met for this contract to be proper number three when Kenema agenne DAKKA Dakka Mahi if we're going to give it to me later than we have to agree on when it's going to arrive or at least give me a range it has to be within a range of IV agreed that's gonna be arriving on March 20 30th or between March 31 and April 8 It has to arrive during that period if it doesn't then there's a penalty that is

01:08:52--> 01:09:25

established and then I pay less so you give me back your refund me a certain amount if it's not after that when when you're called mo Jordan and Dallas volleyball and for the for the merchandise that you bought to be to exist on the time that we agreed I mean it has to be there if it's something that's being made it should be made by them if we see that the tank should be made by then it was not delivered at least you should be needing the actual thing should be there and that is the prominent position for the chef yeah yeah. When young Cora mold Jakob the hip and for the delivery point of that good to be agreed upon where it's going to be delivered all these things are met by

01:09:25--> 01:09:55

the way in an online purchasing all these slimy are totally met like none of them are that's why it's no problem our ordering the light we agree where it's gonna be delivered. I can't just say oh deliver it to me and then wherever I am, I'm just traveling have to come to me No, it has to be a certain point where we agreed where you're going to and the time has to be agreed upon. When you're calling a feminine human being the the amount of money that I paid you has to be something that is agreed upon it can't be just whatever's in my pocket. I will order that good based on whatever is on my bucket. No we have to agree on a certain number and I'll give you that number properly. When you

01:09:55--> 01:09:59

talk bla bla bla at the federal before we part ways we should we should pay the money

01:10:00--> 01:10:30

meaning I shouldn't I say, Okay, I'm gonna order this good. They'll pay you later. No, I should pay you now, not later I pay, you know. And that's why when you're ordering things online, you pay immediately invest the Islamic way of doing things you pay immediately when you're going out to do selling me Now Jason Laird, who here is short. And the contract that has this ordering goods has to be final it can be, we're going to take the option to to shopping, remember the careless jumpers, the option time for us to think about whether we want to do this or not. Since you're ordering goods, you don't get that option. When you pay you pay. Now when I'm buying something right from you

01:10:30--> 01:10:56

is in your hand and the money's in my hand. And we agreed upon buying this and selling this, we can take three days to think about it, we can think about I can give you the money, and I can take the merchandise and we can think about it for three days, right. And then after three days, I can say don't want this, give it back. And then you can be back my money as long as they haven't harmed or damaged the thing that I took from you, right. But when it comes to ordering goods, that can be the thing, once I pay you the money, you don't get to say three days later that you don't want it anymore because you could because it could have shipped, or I could have already started making it.

01:10:56--> 01:11:25

And now I'm making them halfway through, you can't see that you don't want it anymore, you already paid for this. So he on the shelf have the option of you not wanting the merchandise anymore. When it comes to ordering goods doesn't exist. The contract has to be final in terms of you wanting that good note the good comes to you and it's not the way it was described. That's a different thing. We described it falsely, then you don't you had to give the money back. But if it's what you describe what you wanted, you don't get to choose. But when we're buying something, I can give you the money, you give me the phone, right three days later, or whatever period that we agree upon, sometimes the

01:11:25--> 01:11:57

30 day, or 60 Day Jonnie, Jonnie return, kinda, that's fine, as long as you agree to that, we can return. But when it comes to Senem, when it comes to Yanni ordering goods, there's no time for you to return this, or there shouldn't be an option time for you to actually want it or not want it you already paid the money for it. So that is those are the conditions regarding ordering goods, most of them don't really apply today or not not as important because there were specific to a time where these transactions happen in a certain way. What you need to know when you're ordering goods is it has to it has to be perfectly described so that you know exactly what you're getting, you have to

01:11:57--> 01:12:25

pay upfront and you shouldn't be able to pull out of this transaction at any point. Those are the those are the conditions that you need to know in terms of ordering goods. I'll stop with that. And Charlotte next time we'll continue we'll talk about panning when you find something was a very very important part of understanding because when you're talking about it, but without that being something clear to you you won't understand how it works and if you understand the concept of putting assets when you're giving loans, then you won't really understand how how white it was haram or how to what degree is haram will continue that show and extensive academic shouldn't be in the

01:12:25--> 01:12:26

interest of failing to be legal some of us