Islamic Finance Video Guide (Riba,Interest,mortgage,Loan)

• Islamic Finance Video Guide (Riba,Interest,mortgage,Loan) According to Quran & Sunnah

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• The Quran-Warning Against Riba/Interest

• Riba Interest is Haram in All Religion

• How does an islamic bank loan work?

• Mortgaged Riba-based loan in order to buy a house?

• Interest and Share Market

• Use of credit card in islam

• Working as an accountant, interest based companies, BANKS, Sell Haram Products etc.

• Financial Institutions Can and Do Survive Without Riba/Interest

• Muslim Economy does not Need Riba/Interest Transactions

• Shar’i analysis of the financial crisis

* Repenting From Taking an interest-based loan

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Description

In The Name Of God, Most Gracious, Most Merciful

Riba is emphatically forbidden in Islam. Allaah has condemned the one who does that and has declared war on him, and spoken of his bad end on the Day of Resurrection. Allaah says (interpretation of the meaning):

“Those who eat Ribaa will not stand (on the Day of Resurrection) except like the standing of a person beaten by Shaytaan (Satan) leading him to insanity. That is because they say: ‘Trading is only like Ribaa,’ whereas Allaah has permitted trading and forbidden Ribaa. So whosoever receives an admonition from his Lord and stops eating Ribaa, shall not be punished for the past; his case is for Allaah (to judge); but whoever returns (to Ribaa), such are the dwellers of the Fire — they will abide therein.

Allaah will destroy Ribaa and will give increase for Sadaqaat (deeds of charity, alms). And Allaah likes not the disbelievers, sinners”

[al-Baqarah 2:275, 276]

“O you who believe! Fear Allaah and give up what remains (due to you) from Ribaa (from now onward) if you are (really) believers.

And if you do not do it, then take a notice of war from Allaah and His Messenger but if you repent, you shall have your capital sums. Deal not unjustly (by asking more than your capital sums), and you shall not be dealt with unjustly (by receiving less than your capital sums)”

[al-Baraqah 2:278, 279]

The Prophet (peace and blessings of Allaah be upon him) cursed the one who consumes riba, the one who pays it, the one who writes it down and the two who witness it, and he said, “They are all the same.” Narrated by Muslim, 1598, from the hadeeth of Jaabir (may Allaah be pleased with him).

And he (peace and blessings of Allaah be upon him) said: “A dirham of riba consumed knowingly by a man is worse before Allaah than committing zina thirty-six times.” Narrated by Ahmad and al-Tabaraani, classed as saheeh by al-Albaani in Saheeh al-Jaami’, no. 3375.

• Regarding Riba as permissible

• Harmful effects of Riba

• Taking or Participating in a Riba-based loan

• Putting money in riba-based banks or Islamic Bank

• Shares-Business & Partnership with Riba based Loans

• Dispose Riba:Interest or Haraam wealth after repenting

**** May Allah accept our Good Deed and forgive our sins
• May Allah Grant Jannat ul Firdous(Paradise) Ameen. ***** 

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