Zakir Naik – Is the Riba which is Prohibited in the Quran the same as the Interest of Modern Bank

			Good evening, sir.
		

			My name is Ms. sreedharan. I am a bank officer.
		

			And I will be earning my salary from my bank. From the bank's main income that is interest. I have
some Muslim friends who have reservations even taking a food or tea from my home, assuming that my
source of income is from the main interest income of the bank. Please clarify if the interest as
mentioned in the Holy Quran is the same that the border bank is practicing, receiving or paying one
second, my question is incomplete. I'm sorry. And I have my own professional difficulty upsetting
mobilizing deposits from my Muslim friends are lending loans to them also, because they involve
receipt or payment of interest. Please clap me the petitions. Whatever your non Muslim he works in
		

			the bank. He asked a question that why do Muslims resist don't come to his house? Because he's
earning money from interest? What does Islam say about interest? And he finds the difficulty
mobilizing fun from the Muslims. Rather, the Arabic word mentioned is Reba.
		

			Reba
		

			means interest, as well as usually some people. The thing that Robert has not been interest but
includes interest as well as usury. interest, according to the dictionary means money earned on
money Lent,
		

			and usually means exorbitant interest, both user and interest. Both are prohibited and the Quran
mentions the word Riba in no less than eight different places. In surah, lemon chapter number three
verse number 130. In his Renaissance app number four was number 161. It's mentioned sort of chapter
number two was number 275, thrice, instead of Baccarat chapter number two was number 276, as well as
in Surah Baqarah, chapter number two was number 278. And 279 as the translate the last verse,
suitable for chapter two verse number 200. And 279 says, that if you give up not your demands of
Riba of interest, then take notice of all from Allah and Russell, so anyone who deals with interest,
		

			give them taste, or takes interest.
		

			He is waging a war with Almighty God Allah, and with the messenger prophet masala Solomon is one of
the major things in Islam,
		

			one of the major sins and one of the things one of the lower level of interest is equivalent to
doing Zina adultery with your mother. Now, what is the logic behind it? You can hear my talk on
interests the economy promulgated by the Quran, it's a big talk for logical for me to prove to you
why interest is haram it will take a few hours, which will not be possible now. But in short, the
reason interest is primary cause it makes a rich person more rich and a poor person more poor. And
furthermore, interest encourages many evils. Now if you know in the 80s most of the bank, they
funded gambling dens, they funded alcohol bars, etc. In Islam, we believe in profit and loss
		

			sharing. See today, you being a banker, you know, the company which has the lease debt is a better
company.
		

			This interest was started by King George the fifth the banking system, he is the main culprit,
reverse it wasn't there. And now, to make the rich people more rich. If a poor person wants a loan
from a bank is difficult, you want to see what is the other side? How much is he earning? So it's
more difficult for a poor man to get known. And furthermore, if you analyze the top companies, the
top companies they are debt free companies. Therefore, today we find
		

			stock listing
		

			you know Anil Ambani he floated the reliance power
		

			how many 1.1 lakh crores or 100 times more than what he wanted?
		

			No bank would have given him so much money what he did, he floated stock. What is talk? It is Islam
he says from Profit and Loss sharing. Correct.
		

			In interest, it is haram because there are many negative factors in Islam we believe in profit and
loss sharing. You know, you buy shares, you buy shares of a company, if you make profit, you get
profit. If you make loss, you make a loss. It's not fixed 8% 9% and the other person makes a lot of
money. So what they do, they float shares. So if you buy stock of a company, as long as it's not
alcohol company, it's not bank. It's not haram activity. It is Islamic. So we in Islam believe in
profit and loss sharing. Anil Ambani
		

			he floated, he got 100 times more than what he wanted right 1.1 lakh crores
		

			In one hour itself he got more than 10 times in what he wanted why
		

			people thought okay if I invest with Anil Ambani and not get that fixed 8% 9% 10% and 20% 30% 50%
you know, and the mutual funds if you're a banker, GM basics number 116% in one year
		

			one in Islam we believe in profit and loss sharing
		

			that there is no
		

			fixed
		

			interest fixed amount on money earner money Lent is haram. For more details refer to my video
cassette interest free economy promulgated by the Quran that the reason if you change your bank from
a conventional bank to Islamic bank, inshallah you'll have Muslim customers inshallah and today, the
Indian government, the RBI, the finance minister has been given permission for a true Islamic bang,
but there are people approaching him. I spoke to Chidambaram when he came to Saudi Arabia and there
are high possibilities Manmohan Singh, our Prime Minister, initially was the finance minister. He
understands finance better, there are high possibilities inshallah, inshallah. He's studying the
		

			system along with the Prime Minister Manmohan Singh, and the Finance Minister, Mr. Chidambaram.
There's a high possibility is very soon that we will have Islamic system and you surely see to join
Islamic bank that there is in today Citibank health climate window, HSBC has ceramic window, most of
the international banks have Islamic window. Why? Because they they find they'll make more profit,
and they'll give more profit to the clients. It is Islamic. So if we follow the Sharia, the Quran
and say Hadith, you also earn and you let others on.
		

			Thank you very much.