Channel: Mansoor Danish
In this talk Sh. Mansoor Danish, Islamic Wealth Consultant and Lecturer and Supervisor with Islamic Online University speaks briefly on what Riba is
In today’s time when interest, usury and profit is used inter-changeably, it becomes imperative for Muslims to know the line of difference amongst these three terms. Once we know what Riba is, it becomes clear that trading is permissible and all other forms of interest or usury are prohibited
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Assalamu alaykum warahmatullahi wabarakatuh so this is called Take two. Okay, this is a challenge with internet connection. We tried to do the first recording and for some reason the network was not good enough so we're going to begin once again in sha Allah Mr. Left rough manner him in a hamdulillah Nakamoto honesty in who wanna start from when I will be learning Manchurian fusina woman sejahtera Molina de la fille mo de la la woman you live hella hella washable, la la la la la, la sharika
rasuluh and my bad for Innovator of hadiza Bala, Well, hello, Howdy, howdy Muhammad sallallahu alayhi wa sallam, or shalom Modi. My desire to have wakulla certain beta Bakula, COVID-19 de la la la la la la la, la. Okay, my dear brothers and sisters in Islam. Today, we are going to speak on a very critical subject. And that is the subject of river. This is a word This is a terminology which has been haunting the Muslim for the last 1400 years and more so in the last 100 years, where the complex financial transactions which are existing in the world today has, without our intervention without our ability to control ourselves has made us fall into the sins of rubber to the rubber is
almost there in any kind of transactions if you're not careful. For some very simple example, if you have your mobile bill, which is due for payment today. And the bill mentions that if you do not pay your bill by today, you will have to pay an additional fine tomorrow. Do you know my dear brothers and sisters, that additional fine also is rubber. So remember, is not merely restricted to your banking transactions, we must be very careful about our financial dealings because the Prophet alayhi salatu was Salam. And before that Allah subhanho wa Taala has given grave warning regarding the subject of Riba.
Now, let us understand what does Riba mean rubber has been defined as any kind of an excess, it could be a surplus, it could be an increase. And in addition, a more literal definition for rebar would be it could be any stipulated additional amount over and above the principal in a loan or a debt transaction. Further, there are other definitions like that it could be a contractual surplus, which has arisen from a loan which was taken for any particular transaction. So these are some of the definition of rubber. We're not getting into too much of details at this point of time. By the end of this short session of mine, I will let you know how you can acquire more knowledge on the
subject of rubber. Rubber has been prohibited, firstly in the Quran, and there have been four stages in which the prohibition of rubber came. Allah says to the Muslims in the Quran, that the Muslims and in fact Allah says to the entire jinn and mankind, that we have not created the jinn and the mankind except that they worship us refering to Allah subhanho wa Taala
Allah subhanho wa Taala created us for his worship, and amongst the acts of worship is obedience. And amongst the act of obedience is that we are not only obedient to the commands of Allah, but also obedient to the Prophet alayhi salatu was Salam because Allah has mentioned in the Quran, Allah wa to be obedient to Allah and be obedient to His Messenger sallallahu alayhi wa sallam, and unless there's some sort of answer that once allows the messenger sallallahu wasallam has decreed the matter. It is not up to us to have an opinion on such an issue. So today when we speak on the issue of river, we're going to be speaking about what Allah subhanho wa Taala has told us about the
subject of Riba and what the prophet alayhi salaatu wa Salaam warned us when he spoke on the issue of Riba after we quote Allah subhanho wa Taala and the Prophet alayhi salaatu wa Salaam, you and me have no say on the subject of Riba. We need to hear and we need to follow that should be the way of the believers. Now coming back to the stages in which the Quranic is revealed on the subject of Riba there were four stages in which the warning scheme first was in Surah, room Ayah number 39. This is the 30th of the Koran where lots of handle with Allah compares a robot with Zakat and charity and says that Zakat and charity is praised and it is preferred over the issue of rubber. So the Zakat
and charity is compared with rubber. And Allah subhanaw taala says that in the sight of Allah, the Zakat that you pay the charity that you do is more beloved to Allah subhanho wa Taala then of course Riba the second stage of prohibition which came was mentioned in Surah Nisa, I am number 160 and 61 where Allah subhanho wa Taala attached the practice of Riba with the Jews and they consider this as a practice of oppression.
So how Nola today, almost all the major financial institutions which deal in Russia are some way or the other controlled by the Jews. And Allah subhanaw taala mentions his 1400 years back, that this is a practice of oppression and something which was the act that the Jews were doing even before that, even before Islam came in its final form.
The third section of prohibition, which came of Riba was in Surah, Allah imraan is number 130 of Allah subhanho wa Taala prohibited the practice of charging double and multiple Riba, you see when the amount is due, and a person could not make the payment in the pre Islamic Arabia, the people used to say, Fine, if you can't pay me, no problem, you pay me next year, but this time, you need to pay me double the amount. So Allah subhanaw taala condemns that as well. And lastly, the final prohibition comes in Surah Al Baqarah. And this is really one of the most toughest Ayat of the Quran, I have not come across a severe warning to the believers. Then this idea of the Quran where
Allah subhanho wa Taala says that any one who does not give up his wants of Riba then he has to prepare for a war against Allah and His Messenger sallallahu wasallam.
This is amazing. Allah subhanho wa Taala is wanting the Muslims to prepare for a war against a lion is Rasulullah sallallahu wasallam on the Day of Judgment, I don't understand where we shall be on the Day of Judgment. If Allah and His Messenger sallallahu wasallam declares a war on us. We'd have no fees to show
the consequence of waging a war
by a lion His Messenger sallallahu wasallam on the Day of Judgment means we've lost it. We've lost the purpose of this life. We've messed up our
stats how grave the warning is, as far as the subject of robots concern, many of our brethren take the subject very likely, they feel that it's not a major issue. You know, we are not directly involved in robots. We are not assisting in directly people taking rubber. I am working as a security guard in a financial institution. I am working as an investment advisor, I am sitting down as a teller who gives up the money or a clock until directly involved My dear brothers and sisters in Islam, it is high time we stop fooling ourselves
we could keep fooling ourselves for the rest of our life. The reality is the we are engaging in providing our services which is assisting Riba based institution.
Let me ask these brothers and sisters who justify working in a Riba based institution. My dear brothers and sisters in Islam, would you work in an industry which serves alcohol? Would you work in an alcohol based company? As a financial accountant, even though you're not serving alcohol? Would you like to work in that institution? Would you like to serve in an industry of pork industry and industry which picks up the big you know,
gets its meat, you know, puts them in a tin exports into different parts of the world. And your job is just to sit and prepare accounts for such a company. Would you work for them? You will not you shall abort it. Allah subhanho wa Taala has equated rubber and in fact, not even equated he has talked talked about rubber as a far worse sin.
Calling it as waging a war against Atlantis assume solo lovely assylum We seek refuge in Allah subhanho wa Taala from the evil ways that many of us have fallen into now. I'm not going to get too much into the details right now because inshallah, by the end of this year, I shall be coming up with a session, which is meant for laymen people like you and me, who would like to know where all can we fall into the traps of Riba. Without getting into too much of technicals, that is going to come up by the end of this year or early next year, the dates will be released by IO u soon, I would request each one of you to register for that course in sha Allah and join us.
Before I end, I want to leave you with some of the ill effects of rubber, the ill effects of rubber in this life and the ill effects of rubber in the next slide. Well, we already mentioned one of the most important elephant in the next slide and that is a war against a lion is messenger sallallahu wasallam. Let me tell you what can be the consequence of such a war. The first consequence of such a war is that you will often find a person who works in such a financial institution is often suffering from depression. Such people are always working under stress. Such people are always suffering from insomnia, lack of sleep. These are people who are suffering
from anxiety, they're always on the tenterhooks. They're always stressed. They're always worried about something. And if you ask them, they have no idea why they're so worried. This is the sin of Riba. This is the consequence of waging a war against Allah and His sallallahu wasallam. Further, a person dealing in repower is deprived of Allah's mercy as the Hadith of the Prophet alayhi salaatu wa Salaam, the Prophet sallallahu wasallam cursed the person who accepts Riba, the person who gives Riba The one who records it, and the witnesses stood about the two who witnessed the Riba basically, the witnesses in a robot transaction. My dear brothers and sisters in Islam, if Allah messenger
sallallahu wasallam, curses, something that will have no blessings from Allah subhanho wa Taala. You can make the 100 seeking a blessing on something which Allah has made her Allah will not put any blessings in that because Allah has made the decree he's passed the decree that this is haram helaas there is no more option that we have in this matter. It is like a spring to Allah, Allah give Baraka on a glass of alcohol, which is lying in front of me a structural law, could you do that? Would you even do it? How is it then we work in rubbish institutions, we seek help and guidance from Allah subhanho wa Taala. To put Baraka in such a transaction or in such a money, the prophet alayhi
salaatu wa Salaam is cursed anyone who engages in robber, what would be the state of such a person on the Day of Judgment, again, Allah mentioned in Surah, number 275, that such a person would be as though he is suffering from Magnus, as though he's suffering from an epileptic disease, as though the person is suffering from seizures. This is the consequence of dealing in unlawful interest. So panela, the man had suffered morally and spiritually in this life, and he is suffering in the hereafter as well, the sufferings are getting bad, to worse to worse. What is the effects of rubber on the individual and on the society? Firstly, in the society, when you have the system of river,
typically it is the rich who give the money to the poor. And the rich ask for a river and the poor has to pay an additional amount of money. So the poor is getting poorer in the society. And the rich gets richer because he gives us money gets back more in return, the poor takes some money and has to pay back even more. So the poor gets poorer, the rich gets richer, the gulf between the rich and the poor is widening in our society due to these rare Bobby's transaction. Further, there is an ex wasteful extravagance in the society. You see what happens is today when you go to a mall, so everything is so easily available, all you have to do is you buy this, don't worry. So we have
somebody from a bank who will assist you with the easy EMI scheme, and you buy it and you pay a small interest 2% 3% colors, the transaction is yours, the product is yours, wasteful extravagance, getting easy money on credit. This is what rubber does in the society. It also is dissuading the investors from investing in productive transactions when they're not. What has happening is people are now more interested in giving out money to people and taking back returns, rather than people investing their money in projects. And when you invest your money in projects, the chances are that there will be risk. And that risk means the party who borrows the money, and the party who's given
the money both stand to suffer a loss in the transaction. If the project does not take off, or both may suffer short term loss and may benefit in the long run. Islam allows you to transaction with both party have an equivalent risk, but not a vapor based transaction where one party takes all the risk, and the other party is just interested in getting the money back. If you don't pay them the money back, they will seize your house, they will seize your car, they always stand to benefit. This is not permitted in the Islamic modal module of financing.
So that's as far as the effect of robot is concerned. It of course deprives the world of any form of blessing does leading to what is called the economic crisis. If one of you can always go back and study about the subprime crisis, the subprime crisis in us in 2008 was caused due to series of complicated and complex transactions which are carried out but if you see the underlying instruments were all Riba interest based instruments. All interest based instruments were behind the economic crisis in 2008. And that crisis had a rippling effect in all the other countries. Today there are so many countries which are suffering due to the 2008 crisis. Financial institutions like Lehman
Brothers have to shut shop financial institutions like Citibank had to suffer huge losses. Major other financial institutions are suffering losses because of the economic crisis in 2008 people lost jobs. financial losses led to people
committing suicide, why? People have taken huge loans and now there was no money in the market. They lost their job. They had no money to repay back the loans and all the great extravagance that they had in the society and people used to think that so and so's become really rich. Suddenly, the people feel that they can't show their face to the society and people start taking away their life. So now rubber makes reduces the value of your life. Whereas Allah subhanho wa Taala has made human being the Ashraful maloca, the best of people, the best of creation, and the best of creation should follow the best of guidance, which is alpha. And the best of creation should follow the best of
mankind, which is the Prophet alayhi salatu was Salam. If we follow the best of guidance and the best of mankind, inshallah, to Allah, the reward on the day of gentlemen will be the best of place, which is general Filipinos. I would like to end with that. I look forward to your participation. For more details. And for knowing more about this river. I would urge each one of you to join Islamic online university, we have few courses that I owe you that are diploma courses that are degree courses and there are certificate courses. You could join and study with us over there that IOU in addition to that, as I mentioned to all of you, for people who wish to know about simple
transactions, whether it is halal haram and how do we go about our day to day transaction, I have a course which will be coming up soon at the end of the year. So stay tuned, be in touch and I look forward to your participation is our formula here for sparing the little time that I had taken a few hours to attend the session is optimal left head once again. Some Hannukah llama will be handed a shuttle and I'll Highlander stuff Erica what you will a Salaam Alaikum warahmatullahi wabarakatuh