Channel: Waleed Basyouni
Jumuah/Friday Sermon given by Shaykh Waleed Basyouni at Clear Lake Islamic Center.
November 25, 2016
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In Al Hamdulillah Hinata who want to stay in or who want to study he want to start Pharaoh, one or two below him in short odium. fusina Messiah Marina Maja de la la mobila Hua euglena Fela hodja Ella, y shadow Allah Allah Allah Allah, Allah, Allah, wa shadow Anna Mohammedan Abdo surah Allahumma salli ala Muhammad Ali Muhammad, Kamal salata Ibrahim Ali Ibrahim in nica, hamidah Majeed and abide by the law all praised you to align His praise and blessings and peace be upon our Prophet Muhammad sallallahu alayhi wa sallam, his family, his companions and his followers until the day of judgment. I bear witness that Allah is the only one worthy of worship. And Muhammad sallallahu alayhi wa
sallam is his last and final messenger.
My brothers and sisters, take you back to 1961 1961 in Philadelphia, the police department will be full alert on Friday that comes right after Thanksgiving.
That is so heavy so much traffic. Traffic is so heavy disturb of pedestrian and vehicle traffic that will occur on that day after Thanksgiving. So the police department decided to give that day a code name. They call it Black Friday.
And that's where that name came from. Originally, it was a code name used by the police department. Then after that was picked up through time since 1961. And developed to be the day that comes right after Thanksgiving, where people go for shopping because of all these sales and bargains that they can find.
And this term, as you can see,
was not originally was not used by the shoppers actually to be quite honest shoppers and retail store. Retail Stores didn't like the name Black Friday much because it has a negative connotation. Actually, historically in America, if you think about Black Friday, before these days, it will come to mind basically, which has nothing to do with shopping season, September 24. In 1869 that's basically when
the crash or specifically the crash of the US gold took place in the stock market with a very famous story of two investors bought all the gold trying to scam people under the news basically was released and that Friday, so since then, they call it the Black Friday. That's an 1869 so that's what's stuck in people's mind. Usually dark dye you calling a black day This or That wasn't very negative thing.
Through History, black Thursday occurred in October 24. In 1929, the day that single the start the starting of the Great Depression in America, you know, you have, after that followed by the Black Tuesday, which is the day the stock market, the stock market lost 11% of its value. And that's also another day was known as the Black Tuesday. If you go to Black Monday, speaking of stock market, very famous name, the Black Monday, was given in October 19, in 1987, where it is basically for the first time in history of stock market, that, that
Dow Jones, lost 22% of its value never happened before in history of the stock market in one day to lost that amount, just like that. So they try their best to change the name, they call it the big Friday for a while, you know, in 1990. In 1961, there was a tried to change it to the big Friday. But it didn't work. If people stuck to the Black Friday, it became the nickname and the famous name. So you know how what we say, if you can't beat them, join them. So they brought another explanation for the Black Friday, which is basically usually in accounting, you write your losses and bread and your profit and block. So they call it Black Friday, because that's the day where people make
profits. We're basically starting the season of shopping.
You know, in 2003, not long time ago, this day became the most profitable day for retail stores in America before 2003 wasn't the case, may be ranked number five, six depends on the research that you're going to look at. But since 2003, almost this became the most famous day for retail businesses to make so much money.
To the extent that so many countries start following our footsteps today I was listened to in us in the UK they have today their Black Friday. It's funny they took from us the Black Friday, but they didn't take from us. The Thanksgiving you know, doesn't fit with Europe their religious stuff much anyway. So you have many countries like France, believe it or not, they start copying us and taking doing their blackfriday India also another country that they start having blackfriday
many countries like if you search it, you will be surprised how many countries start doing that because of the fame of that day. That day not only famous of its sales but also of its violence. Many violence today we heard the news maybe someone was shot at Walmart here in Houston and was killed or shot I'm not sure if killed or not was shot over a parking spot that's reminded me of another incident two people were killed in the park over a parking spot in Tallahassee, Florida.
Before I think in 2012
before anyway, Walmart is the well known department stores of all most of the violence happening Friday, it will be taking place historically speaking, especially in the electronic department, this is dangerous zone Friday, Black Friday just in case of someone planning to go Okay, here people ask the question why would people so violence in this day you know, 12% of people who go shopping on Black Friday are drunk.
So that's a good reason for why there is violence to people spend many hours and sometimes along lines and get so frustrated and to make them ready to pick any fight you know, and just
I think in 2014 meses, for example, had 1000 had 15,000 people's online that's in 2014 so for a long lines like that people spend a big amount of time it gets so frustrated and easy to willing to pick a fight you name it people are trampled to death people got shot people got beaten by pulling hairs, you know you name it with pepper spraying each other's unfortunately it is very ugly thing to see on TV, how people behave just because they think that they have a good deal of something that must light it up for something that they think is a good deal just because the discounted price.
Many researcher also said because people are expecting a reward and that time when you get expecting reward he became so hyped up and also because of competition. It's a short amount of time it is limited amount of a number of
Items that people have a sense of competition. When this two together comes people willing, are basically ready to
basically act in the violence way, we are all high, hardwired, for violence under the right circumstances, and no other no better circumstances can be more than what I just told you.
I know that this is very important for our economy in America, the Black Friday, you know, last year, Americans spend $626.1 billion on Black Friday.
That's $626.1 billion,
around $805 per a per shopper. So I know that how that important for the economy, and Friday play a crucial role to the US economy today. And that's why people increasing and buying and consuming more and more and more. But what I would like to say I'm not here to promote Black Friday, nor to speak ill of it, or to stop you from taking advantage of it. But what I want to share with you something to keep in mind. And I think this is really raise a lot of points for me to talk about today with you
that we should know that our the massive consumption that we have as a nation, we as a big huge
consumer nation, this doesn't only affect everybody around us in the world, affect our country affect everywhere, everybody in the world. You know, we basically Americans make up what 5% of the global population. But believe it or not, we consume 20% of the world's resources.
Yet, when it comes to how much we willing to spend on things that we want to buy, we pressurize accessories over education in America. We spend more on shoes, jewelry and watches. We spend about an America $100 billion
over accessories 100 billion with B.
Then on higher education.
America, Americans have more TV sets than the number of family at the house.
And that's statistically speaking, and one third of the day. Most of the homes these TVs are on about eight hours more than eight hours a day.
There are 300,000 items in every in an average Americans house.
A 300,000 items, and an average american house.
average American woman on 30 dresses, basically, that's the average 30 dresses, that means she can wear a dress every single day in the month.
In 1930, an average American woman used to have only nine dresses.
The average American family spent $1,700 $1,700 in clothes.
That's an average annually. That's an average american family. And we I think Muslim community, if we're not average, we usually above average.
The Muslim community if they're not in the average, usually they are but hamdulillah we're off on community and but that's these numbers are, you know, scary. You just think about the amount of of money and and consumption that we have here.
We consume twice as many material goods today as we did 50 years ago. What that means, it means that this trend will only increase as our population increase.
You know, an average american drain as many resources as 30 people in India
and we're required services and use more goods than more than 53 Chinese persons.
And I can go on and on and on. telling you how much we became not any more luxurious society.
We became a waster society.
And then Allah subhana wa tada said, in Medina County Juana Shay out in those are wasters are the brothers of the devils
There is no wonder and or an Allah subhanaw taala spoke about wealth and money the word man which is mean wealth or money mentioned 86 times in the Quran 86 times.
And when you see something repeated so many times in the Quran, it means something of significance, something important. How could it be not important and Allah Subhana Allah says in Surah Nisa, what are to suffer I'm Laila Kamala t Giada Hola, hola como Tiana.
And do not give the weak minded your property, your wealth,
which Allah has made a means of sustains for you.
So Quran and Islam recognize wealth and money as a means of sustain that will sustain your life that will protect your, your need. And that's basically the pillars of the society. He I'm not at all movie him I used to have him come out or live. Look at Rahim Allah, that was really the foundation for any society or any community. And Islam made Zakat, which has to do with the way to deal with wealth, calculating your wealth, giving part of it to the poor side, basically, making the money go around in the society, part of a one of the pillars of Islam. When in w Salatu. Salam talked about the virtue of things, he mentioned, this the money and the LM in the same level. He said sell allow
anyone to sell them law has an indefinite time you cannot envy someone and good envy and envy that doesn't require it doesn't mean that he loses what that person knows what he has or she has, except in two things he should wish for. Someone Allah gives him money, and he spent it in the right way. And someone the luggages in what knowledge so he basically is a learned person and he teach people these, the process Allah made them in the same level.
And Allah Subhana Allah to Allah in the Quran anytime he speaks about jihad, he put the Jihad with wealth before the neffs before the soul because of the importance of money
Russia fall apart the Soviet Union many of you are old enough to remember that the Soviet Union was not didn't fall apart because of basically the lack of good army they have the biggest army and nuclear one of the biggest and if it's not the biggest in the world
but still fall apart wasn't because of the weakness of their army or the weakness of their you know their basically their strength that their army no it was the weakness of the economy because they economically they couldn't survive.
On and the loss of Hannah without on Islam for bed wasting the money. Why not to better tip the euro and salted Esra kulu wasabi wallet to Sri fu eat and drink but don't waste because Allah hates waster in the who lie to him when was revealed in Allah How long have you had even malaria in the law? How do I manage la COVID behati in La, la comme la coka Omaha, del bene women are
women are our heart will carry hella compito upon to makhan eva to learn how to sue.
The profits are salams for Beatty hates to see someone wasting his money.
If this is Islam told us not to give our money in a way that is a waste or not to basically to give the money to people who are weak minded because they don't know how to use it in the proper way. What we call and what we say about what we see today.
Unfortunately, this is became a big problem. Many of us live in debt 52% of Americans, including our community 52% they live above their means they spend more than what they earn
that means the level that
it's an issue that it has to be discussed. And a lot of people admit this problem and but they don't know how to get out of it. But worse than that, that there is many people don't admit it, even they live in denial. They think that they just can keep going keep going keep going like that fake. Just outside it looks like grow but you know what? Any shake, you will fall apart financially.
So I looked at some of why we overspend over the summer.
Ending is a problem. And controlling your overspending is a required from you as a smart person as a good Muslims, because in Islam, we're not supposed to live and debt the prophets of Salaam in the beginning of the time of his rissalah when someone will be brought and he's in depth, he wouldn't even offer salata janaza on that person.
But later on when he became rich or have money said he would pay his debt off, then he would make janaza. Why? Because he wants to send a message that being just in debt for no valid reason or good reason. It's not a good thing.
It's an it's amazing how our religion teach us that our financial strategy should be not based on debt or Riba or interest.
While our financial, basically planning today is always based on griever interest, and based on that,
I know it's very, almost impossible and very hard to go against the whole norm in the society. But it doesn't mean that we give up completely. If we say it's allowed for you to do this, or that or we give some exceptions to the rules, it doesn't mean that our whole entire life became based on that. And we basically overspending and spending money that we don't have, as one person put it, he said in America, we spend money, we don't have to impress people we don't know. Okay,
to impress people, we don't know.
You know, I travel a lot around the world. I haven't seen any place in the world has many Self Storage like America.
You know why we have so many Self Storage here, because we have so many things, if it's an average house in America, contain 300,000 items for God's sake.
Just look at yourself when you move from one house to another.
So how can we control our spending? I think it starts with knowing where's the problem coming from, most of us are problem coming from us using plastic instead of paper. When you start using the plastic, the card, and now even the screen, you know, just use discounted and that's not even plastic.
You're your phone always in your hand. So you're willing to charge, the plastic card is easy. Come on, everybody has to admit that it's so much easier to charge your card than to count the money and give it away. Everybody knows how easy it is just to swipe the card and go over with it. So that's a big reason for a lot of people to overspend because they don't feel it. And how to fix that. Try to eliminate most of your credit card, leave the one that you really absolutely needed for emergency for traveling, maybe something like that. Tried to depend more on cash. You know, on Sunday, for example, you can go to the ATM machine, pull amount of money, put it in an envelope, make that your
ATM machine, so you know what your budget is, you know, I pulled out $500 that I'm going to be spending in this month or this week. You know, so when it comes to 300 200, you can watch you know how far you are. But it's just the plastic card even even No, I'm By the way, don't ever tell me and hamdulillah I'm rich, I can pay it off. It's not about how much you have. It's about how much you spend. Because the more you spend, the more effect it has on other people. You know, all this consumption doesn't go free. It has a tax on the environment for just a simple example.
So that's one thing, you start learning how to control it by reducing the usage of your credit card. Also your lifestyles.
Bigger than your budget. Many of us our lifestyles is way bigger than our budget, either because maybe you used to be rich, or you grow up in the family that they have a certain lifestyle. And now you got married and you have a new home starting your life with your husband, or you starting basically, you became an independent you left your father and you start your heart Your life as an as a young professional. It doesn't mean that you live the same lifestyle you have before when you're a spoiled, Spoiled Brat kid in your house in your father's house. You need to learn how to basically live according to your budget. He or she it's very important for us, you know to maintain
that most of American expect that they can have all luxurious things in life. You know what economy is not the same and things changing
how to do
Basically to fix that, a lot of preparation goes a long way. If you make a point of consistently living below your means not according to your means, below your means
and you build yourself up that will help you a lot.
And that's why that concept in Islamic called a zoo. Being a Saturday is not just to run to fulfill everything you want, you're a little bit below what you need.
And that will help the person to control his finance more and more
sons one of the reasons your childhood
I miss met many people, the reason for their overspending it because of their childhood, they grow up in it, maybe they grow up poor. And now they feel the urge to overspend to compensate for all the bad days that they had in their childhood. You know, I grow up I have not much thing. I don't have many things. And now you're not handled I have good income. So I've kind of compensate these old days, it doesn't work this way. And you know what we do we do this to our kids. You know, when I was kid I don't have, you know many of the things that you have. So what we start doing overspending, giving kids toys, and toys and toys and toys. 3.1% of the world children live in USA. But guess what
49% of the toys in the world are in the hands of our children.
It means something.
So here what I'm saying a lot of time our childhood meet me there because we lived like poor or even the other way around. If you live very rich in your in your childhood, you think you have to continue that way when you grow up. And even if you don't have the means for it,
you know, defects that
if you like a good financial role models as a kid, don't do the same when you're an adult. If your father spoiled you or basically didn't have the money to provide for you, you know what you can, you can adjust yourself here. And I will highly recommend because of the lack of time to read certain books that helped me a lot tremendously in this area. Like one of my favorite book Rich Dad, Poor Dad.
Okay, one of the good book that you can have is the Millionaire Next Door. Or Secrets of the Millionaire
Mind. Very good books to help you to, to think how you basically manage your wealth properly or your money properly.
You are trying to keep up appearance. A lot of us that's what's meant us to overspending. Basically, we tried to keep up you know, as they say keep up with this actor keep up with that keep you keep up and you start basically having new things and try to overspend in your appearance.
And that's one of the most they said overspending usually come from to site, clothing and food. And most Americans there basically go over budget because of these two they eat too much outside too many times outside the house, or in restaurants or the buy things that they don't need.
One of the way to fix that focus in your goals, have a financial goals and that's your goal. I need to get my debt free I need to get my college debt free. I want to be basically to provide for my kids college education. I want to buy a car I want to buy a house I want to pay my mortgage off have a clear goal. See Don't waste your money on just an appearance things. reasons. One of the reasons also you are feeling peer pressure a lot of people around you everybody have this like designer clothes designer shoes and or you go out, you know, I go out sometimes the people who are way richer than than me, and they will, you know buy all this things, fancy drinks, fancy restaurants, I cannot
keep up with that. That's a peer pressure around you. I want to tell all these young men and woman here, you don't need to feel that peer pressure that you have to have the $300 shoes or $100 shoes or $100 and the $200 pairs you didn't need that. You know what don't let in don't judge yourself by how you look. Or don't judge yourself by comparing yourself to others you have your own personality. If people don't like you the way you are from inside, I guarantee you no matter what decoration you put outside will not make it acceptable
to acceptance, what kind of person I care for, if he will judge me just because of my appearance. And that led me to say a lot of us suspend because
We also one of the reason a lot of you overspending because of emotional void. There is a lot of people under anxiety, stress, you know, not feeling good, what they do they go shopping.
You know what if you've anxiety and stressed out and done, go shopping come to them, whatever you want to spend in the shopping, these many boxes here that will make you release your your basic anxiety. I know going to the mall, walking through the store selling the new things, it's what would use that anxiety. But I want to tell you, when you do that, keep that in mind, I understand that and I appreciate that. Don't Don't think I don't. But when I want to tell you that you just running away from the problem, that's not a solution for your anxiety.
That's like putting a bandaid over an open wound. That's not how you deal with if you know that there is no need for you to double your problem.
Also, a lot of time, we just didn't know how to say no. to ourselves, our children to our wives or husbands. Your husband wants a new HD, you know, Smart TV. We just got one last year. I can say now I'm using my sweetheart. You know I have you go by your TV. Now you should tell him you know, hey, maybe we do need that we there's more important thing to buy.
You people don't know how to say no to children to kids. Believe me many toys would never make your kids happier. I heard that day a psychologist was saying your kids need a vitamin n more than vitamin E more than vitamin B more than any vitamins that you have in the list.
What's vitamin n? No.
You need to learn teach them to tell them no. You know that's not a bad thing. That's the thing that the that's how live is you preparing them for life.
May Allah Subhana Allah,
eponymous me to master for a lot of stuff
Alhamdulillah wa salatu salam ala Milena ba ba. But
one of the good things that you can do when you're kids is give them allowance, give them a budget, and tell them hey, that's your budget, you want to buy extra things, it is your money, and give them right consulting. Let them make the decision from the early. Let them appreciate what the money is the value of money.
It's important for us to teach our generation to do that.
Also, one of the things that I would say, one of the reasons that I found that is a lot of people they don't have a clear financial goals in life. That's why they waste their money. And they're afraid to fix that start having a very clear financial goals in your life. You know, brother came to me that day was talking to me about how we would like to see the Muslim community to start thinking more, you know, and prepare themselves financially better. He's telling me chef, you know what, we wait until college comes then we say what are we going to do for kids? He said, While most of my clients are not Muslims, most of my classes are non Muslims, before you just got married now they
start preparing for, you know, education funds, and allocating some funds and mutual funds. For example for that, just make sure when you do this, you ask what's the halal and haram? Because there is mix here in this area, some mutual funds are allowed, some of them are not so depends on the the stocks or the investment that you make it. But my point is that as people prepare themselves for that, when we got an accident, we start prepare, what are we going to do about it, we don't have a plan ahead of time. And that's something we need to start working on it and plan for it.
Don't be one of the things that I've found a lot of people overspend when they if you have this problem, my advice to you is don't turn everything to a receipt, or basically get your financial statement or your credit card statement, or your bills in a written format. I know it's not a very good thing for the environment. But many times when it's electronic, you don't read it. And I noticed that myself, for example, I used to have a phone, and they all say that it was a disaster. I found myself paying a lot of money. I didn't even know that I'm paying that much money. I'm not going to say it's and nobody can hold it against me every month for my bill because they change the
rate for international calls and stuff like that. And I found I'm paying a lot of money. I didn't even pay attention to it. Because what happened I used to look at the receipt or the bills every month, but since I transfer it to be electronic, I don't click on that email anymore. So make sure that you pay attention to that. Use visual reminders. I love it. I sell one brother
his wallet, okay here, he did hear like, you know, E and F, like full and empty and he has something like moving around, you know telling how much left money in his budget. You know I have one brother once was opening his wallet and I found in his wallet says, I will be millionaire by 2000 this, this and that. He put a goal for himself, he will make a million dollars by 2000 I think was 18 or something like that.
So he has a reminder, that's visual reminder, don't waste. You know, just somebody that day said I decided to stop if you drink iced latte every day iced latte grande iced latte every day, and you give that up. You will be saving $1,600
is a lot of money.
It's accumulate over time.
One of the things that people do they have a matching program, a matching sadaqa program. anytime they spend money over things that they don't really want to consider over spending the match them to sadhaka
and we welcome that program here in the master encourager. You're more than welcome to do that. I will be your financial advisor. Okay. We were willing to do but I'm serious don't I'm not joking. I'm serious about that. You know, sometimes you know what I went down I really spend the luxury things and he said to myself, you know what, at least I would give something for the last part out of the sake of Allah if I spend it over my dunya
can take over spend for the
you know Hamza, putting all these red lines to tell you how much we collect every week and every month. So we reached our goals. You know, I say said to myself, if I have overspent over the dunya, we're done. I should overspent we should pass that green line every single month. We should overspend in South Africa not overspend in dunya.
One last thing I would say, if you have an overspending problem, ask yourself, do I need it? Or I just wanted?
Just ask yourself this question. I know realistically, you can just always get what you only need. We would like to get what we want. I'm for that. But just watch yourself. Just don't overdo it.
And you know, one of the ways to see you're overdoing it or not compare how much you give for the dunu compared to how much you give for the necessity over luxurious things. And that's how you will see on the right track or not. malasana Tada. Oh yeah, I'm gonna hire Nicodemus alum in Minnesota Care that common telephoto lens, no brainer. When are you gonna want Oh homina Lama Zopa, niharika and harmonic
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