Sajid Umar – Lessons from the Farewell Sermon Part 5 Preservation of the Economy

			Then we have the third lesson from the sermon. And that is the importance of the preservation of the
economy. Allahu Akbar. Look at this, see how Islam is a complete way of life? Right? The sermon has
lessons pertaining to you and Allah subhanho wa Taala. And you and the servants of Allah subhanahu,
WA tada and you and matters of this world,
		

			because you live in this world. So Rasulullah sallallahu alayhi wa sallam taught us in his sermon
about the importance of looking after the economy. Verse in the sermon, he spoke against interest.
And thus in the sermon, he spoke about Zakah because as we said, in our previous talk, Zakah and
interest are not just moral obligations in Islam, right where with Zakat, we it's a pillar of Islam,
which we have to follow, and interest is haraam that we have to stay away from Yes, this is true.
But it's also an economical system.
		

			Over and above being an obligation in terms of doing it and staying away from it. It's also an
entire financial system. Because interest breeds debt, at a level faster than wealth creation. If I
borrow money from you, and you lend it to me at interest, and the reason why I borrowed this money,
so I can engage in some wealth creation, activity, right? When I borrow that money from you, for me
to create wealth, I need time, as well as effort. But when you lend it to me with interest, then you
only need time
		

			for your wealth to increase.
		

			So what I owe you is increasing at a rate faster than the wealth that I can create with that which
you lent me. Right, you might have led me 10,000 reals, for example. Right? That has to go into my
business. And before I can even strike a profit or even break even I might have to run that business
for six months, or three months. Right? We know those were entrepreneurs. Yeah. And you have
businesses, you know, a business doesn't run with the profit from the outset. Right? It runs at a
loss, right? And then maybe in the third quarter, or the second quarter, or in month six, you break
even and then you start gaining a profit. Right now you've created economical wealth, something
		

			which has a proper impact on society. But by the time I've created this one real, what I owe you has
grown so much.
		

			My 10,000 has become 12,000. So the dead creation is faster than the one creation and this is not
conducive to the community. That's the Sherry I came down and made Reba Hara and Rasulullah
sallallahu alayhi wa sallam spoke about preserving the economy. In his farewell speech before Allah
subhanho wa Taala took him to Allah subhanho wa Taala
		

			does take heed of the servants of Allah, Take heed of the sentence Rasulullah sallallahu alayhi wa
sallam said that the interest of our best Abdulmutallab is canceled in its entirety. And immediately
		

			we Allah grant us the understanding, I wish we could go further. I'm very passionate when we talk
about these matters of economics and so on and so forth. I have a master's degree with my master's
degree topic was in treasury management from a Sharia perspective. And it brought great insights and
benefit to my life in terms of my understanding of the laws of Allah subhanho wa Taala as well, and
the appreciation of the wisdoms behind the laws of Allah subhanho wa Taala haven't been decreed for
life today. We always thought that's the case and obligation, we never thought that it's a financial
system as well to Panama, because the economist will tell you that when the rich share their wealth
		

			with the poor, then all the segments in society can engage in buying and selling, not just one
portion of society. And the more the merrier, right? If we have an abundant number of people in
society buying and selling, then that by default will translate to an abundant formation of profit
and wealth creation. The more people that engage in real activity, real financial activity, this
leads to a greater profit creation, right. So when I was stipulated zeca, he shifting the wealth
from the rich to the poor, so that all of the wealth is not sitting with a portion of society.
Right. And this is what interest does interest sucks the money out of one sector, the real sector
		

			and shifts it into the financial sector, because for the real sector to make money they borrow from
the financial sector.
		

			become slaves to the financial sector for the rest of their life. So we welcome sitting with one
segment of society and this is not conducive to our creation. So allow us to shift it out. So he
made the car compulsory so that 2.5% is moving is being shared within society number one and number
two make interest Hara to a show that was worth doing go back to one particular sector. So
Rasulullah sallallahu alayhi wa sallam teaches us about preserving the economy. And that's lesson
number
		

			three particular topic of just making sure you're not sleeping