Tariq Ramadan – Ramadan Chronicles #24 Profitoriented Economy

Tariq Ramadan
AI: Summary ©
The speaker discusses the importance of avoiding the concept of profit and interest in the economic system, which is part of life. They emphasize the need to be obsessed with personal interest and not just profits. The speaker also emphasizes the importance of avoiding disrespecting the way people are treated in the economy, as it is distorted and is a war of interest.
AI: Transcript ©
00:00:24 --> 00:00:27

While we are talking about resistance, there is

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

one type of resistance again, which is part

00:00:30 --> 00:00:32

of our life, every one of us at

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

the individual level as well as the collective

00:00:35 --> 00:00:38

level. It has to do with economy. It's

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

the whole economic system that we have to

00:00:40 --> 00:00:42

consider and the way we are dealing with

00:00:42 --> 00:00:43

our money.

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

What we understand coming from the very essence

00:00:46 --> 00:00:46

of our,

00:00:47 --> 00:00:49

starting with God, Bismillah.

00:00:49 --> 00:00:51

We are starting with God and we are

00:00:51 --> 00:00:53

doing things in the name of God. Is

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

that what should be the final goal, the

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

ultimate

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

objective of economy is to serve humanity.

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

It's not to serve profit.

00:01:02 --> 00:01:04

The very essence of the economic,

00:01:06 --> 00:01:08

involvement should be to serve humanity. It should

00:01:08 --> 00:01:11

not be to think only about in which

00:01:11 --> 00:01:13

way I'm going to use the means,

00:01:13 --> 00:01:14

money,

00:01:14 --> 00:01:16

to make only money and to be obsessed

00:01:16 --> 00:01:19

with money. When the center of the economic

00:01:19 --> 00:01:22

activity is money and profit, there is something

00:01:22 --> 00:01:24

which is distorting the whole system, the whole

00:01:24 --> 00:01:26

understanding. So this is where we need to

00:01:26 --> 00:01:26

come to a deeper understanding and not only

00:01:26 --> 00:01:27

to try

00:01:27 --> 00:01:28

to

00:01:36 --> 00:01:37

Having said that, we come back and and

00:01:37 --> 00:01:38

we understand that, yes,

00:01:39 --> 00:01:40

production

00:01:40 --> 00:01:41

and producting,

00:01:43 --> 00:01:47

producing goods and spreading and distributing this this

00:01:47 --> 00:01:50

economic activity. It's part of life, and there's

00:01:50 --> 00:01:51

nothing wrong with this.

00:01:51 --> 00:01:53

But to go from this

00:01:53 --> 00:01:54

to promoting

00:01:54 --> 00:01:57

and to be obsessed with profit and interest

00:01:57 --> 00:01:58

and personal interest

00:01:58 --> 00:01:59

without

00:01:59 --> 00:02:02

understanding that there are rules and there are,

00:02:02 --> 00:02:05

ethical ways of dealing with the whole process.

00:02:05 --> 00:02:07

This is the very corrupting,

00:02:08 --> 00:02:09

process within

00:02:09 --> 00:02:10

the economic system.

00:02:11 --> 00:02:12

And we have it in the Quran

00:02:13 --> 00:02:15

when, for example, people, when you are telling

00:02:15 --> 00:02:17

them, oh, what you are doing here is

00:02:17 --> 00:02:19

corrupting the whole system.

00:02:19 --> 00:02:20

And they are

00:02:20 --> 00:02:21

saying,

00:02:24 --> 00:02:26

that this is because they are saying,

00:02:27 --> 00:02:29

which is a transaction, which is

00:02:30 --> 00:02:30

offer

00:02:30 --> 00:02:34

and demands and and and this way of

00:02:34 --> 00:02:36

dealing with the goods, which is the natural

00:02:36 --> 00:02:37

way,

00:02:38 --> 00:02:39

which is trading.

00:02:39 --> 00:02:40

It's like

00:02:40 --> 00:02:42

the riba, which is interest. And they are

00:02:42 --> 00:02:44

confusing the 2 and saying it's exactly the

00:02:44 --> 00:02:48

same. No. 1, it's about protecting the life,

00:02:48 --> 00:02:50

and this is a very natural procedure and

00:02:50 --> 00:02:53

process within life. The other one is obsessed

00:02:54 --> 00:02:57

with making money out of money, which this

00:02:57 --> 00:02:59

is the the perverted way of dealing with

00:02:59 --> 00:03:00

economy.

00:03:00 --> 00:03:02

And then the answer coming the from the

00:03:02 --> 00:03:03

Quran,

00:03:06 --> 00:03:07

that god is saying that there is one

00:03:07 --> 00:03:09

type which is right

00:03:09 --> 00:03:11

when you are doing this in order to

00:03:11 --> 00:03:13

survive, knowing that at the center, yes, you

00:03:13 --> 00:03:16

are dealing with profit, but in order to

00:03:16 --> 00:03:17

serve your own

00:03:17 --> 00:03:18

way of surviving.

00:03:18 --> 00:03:21

On the other side is using the means

00:03:21 --> 00:03:23

money to make money and then to distort

00:03:23 --> 00:03:24

the whole process.

00:03:24 --> 00:03:27

It's a philosophy. It's economic philosophy that we

00:03:27 --> 00:03:29

have here. And then

00:03:29 --> 00:03:30

the call is

00:03:31 --> 00:03:32

something which is important.

00:03:34 --> 00:03:36

So this is just be,

00:03:37 --> 00:03:39

come which is to this reverential

00:03:40 --> 00:03:41

love. Remember God.

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

And remove,

00:03:45 --> 00:03:45

stop

00:03:46 --> 00:03:48

everything which has to do with interests, speculation,

00:03:49 --> 00:03:51

and usury. This is not the way.

00:03:52 --> 00:03:54

In Lemtef Alwin, if you are not going

00:03:54 --> 00:03:56

to do this, then will be harbin min

00:03:56 --> 00:03:57

allahiwarasooli.

00:03:57 --> 00:03:59

If you are not doing this, you are

00:03:59 --> 00:04:01

at war with God and his messenger.

00:04:02 --> 00:04:03

That's essential.

00:04:03 --> 00:04:06

The war here that you are promoting through

00:04:06 --> 00:04:08

a distorted way of dealing with economy

00:04:08 --> 00:04:10

is spreading corruption,

00:04:10 --> 00:04:13

not respecting the people, and not having trade

00:04:13 --> 00:04:14

to survive,

00:04:14 --> 00:04:17

but interest, to be obsessed with your interest,

00:04:17 --> 00:04:21

your profit, and forgetting the ultimate and higher

00:04:21 --> 00:04:22

goal of economy.

00:04:22 --> 00:04:25

At our level as human beings, the way

00:04:25 --> 00:04:27

we deal with our money, the way we

00:04:27 --> 00:04:29

trade, the way we are

00:04:29 --> 00:04:31

trying to get money to to life,

00:04:32 --> 00:04:33

to live,

00:04:33 --> 00:04:36

and life and money for life and not

00:04:36 --> 00:04:38

money for the sake of money,

00:04:38 --> 00:04:41

to forget about the dignity of human being.

00:04:41 --> 00:04:43

This is the essential thing, that it's so

00:04:43 --> 00:04:46

important for us not to Islamize the means,

00:04:46 --> 00:04:47

but remember

00:04:48 --> 00:04:50

that there are ethical goals that we need

00:04:50 --> 00:04:51

to

00:04:51 --> 00:04:54

remember and that we need to promote. It's

00:04:54 --> 00:04:56

up to us in our daily life, during

00:04:56 --> 00:04:57

Ramadan,

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

during the whole year, but this is the

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

way it should be, resisting

00:05:02 --> 00:05:05

an economy that is distorting the very essence

00:05:05 --> 00:05:08

of using the means and making the means,

00:05:08 --> 00:05:11

the goals. That's shirk in itself, and that's

00:05:11 --> 00:05:12

not acceptable.

00:05:13 --> 00:05:15

Remember to tell the people you love that

00:05:15 --> 00:05:16

you love them, life is fragile.

Share Page