interest and islam

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interest and islam

syedhassan
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#77

02-12-2005, 05:41 PM

<blockquote id="quote">quote<hr height="1" noshade id="quote">Originally posted by Azeem Shah Khan
 Dear Mobin and Whapaa

this is one of the topics which cannot be covered by way of discussion and that is the reason you haven't yet seen any CONCLUSIVE post from any member.

as a starting point i would advise you to understand the true meaning of RIBA/INTEREST and then build on ur knowledge about Islamic Banking System.

among my favourites

- RIBA (by Maulana Maudoodi) this will help you understand what Riba really is? and why prohibited in Islam?

- Islamic Banking by Maulana Taqi Usmani to understand the modes and basics of Islamic Financing.

thats not it, there are plenty of books/articles available in the market and over the internet which can help you decide what is RIGHT and what is WRONG and what is IN-BETWEEN. at the end of the day you will be respnsible for your own actions. please read the above books, if you dont understand anything please come back to the forum with ur exact queries and we will inshAllah help you out.

best regards

azeem

"You don't get to choose how you're going to die. Or when. You can only decide how you're going to live. Now."
<hr height="1" noshade id="quote"></blockquote id="quote">
salaam all...
as some one said..."WHERE THERE IS A WILL, THERE IS A WAY.."
SO, WHAT I THINK IS.., THAT WE SHOULD FIND THE WAY TO SOLVE SIMPLE PROBLEMS BY OUR SELVES...
THE GREAT BOOK OF HOLY QURAN guides you in everey way of life...
and also... clearly describes the meanings of INTEREST/ RIBA.
i think its good to understand what we recited some time..
i once used a software 3 years ago in my bachlors...
called "WINDOWS ALIM" WHAT THEY CALL "WORLDS MOST USEFUL ISLAMIC SOFTWARE...
IT CONTAINS ALL POPULAR HADITH BOOKS, AND ALSO OTHER NARRATIONS BY SAHABA KARAM
AND SPECIFICALLY.... 3 TRANSLATIONS OF "THE HOLY QURAN"
I HAD A PROJEST ON SIN AND INTEREST THAT TIME...

I DONT REMEMBER THE EXACT SURAH AND THE VERSE NO.
BUT A SUMMERY OF THE FINDINGS WITH THE HOLY BOOK'S TRANSLATION
IS AS FOLLOWS...
"WHEN ONE RETURNS THE BORROWED MONEY TO THE LENDER...
1- IF HE GIVES INTEREST with the ORIGINAL amount with PERSONAL INTENTION AND NO EXTERNAL PRESSURE OR (THE LENDER'S PRESSURE...)"
(ITS NEVER CALLED AS HARAAM and is completely fare and allowed buy islam)
on the other hand....
when ever there exists an element of "intention or pressure"
then its the opposite...
so.... the general INTEREST ON DEPOSIT IS NEVER BE CALLED AS HARAAM.
IF YOU WANT TO GIVE SOME PART OF THE BENEFIT/PROFIT YOU GET HAPPILY..
THEN I DONT THINK ITS ANY THING WRONG WITH IT...

IT VERY EASY TO BUY CD's for music etc...and so is to buy this CD's
(se the CD name above)
so..., DO CORRECT ME IF I'M WRONG
coz we can never be perfect...
and the only perfect were the MESSENGERS sent by ALLAH and their teachings...

regards...
syedhassan..

ACCA

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interest and islam - by mintblue - 01-12-2004, 11:17 PM

RE: interest and islam - by Linkin Park - 03-04-2015, 04:10 PM

[No subject] - by KJK - 02-07-2004, 04:09 AM

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RE: interest and islam - by smraza - 03-18-2004, 09:12 PM

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