The Trouble with Riba (interest) explained | Almir Colan

JazakAllahu khairan, barakallahu feek

Inflation is a by product of Riba, by increasing the costs of products and the cost of living as part of an economic system, riba is occuring, by making life harder and harder for poor peoples lives on purpose!

The entire western economic system waa founded on the use of Usury

The true concept of Riba is being undermined in the modern era, the basic concept of using the evil of Riba is inground in the use of wealth to oppress the poor so thet can no lonfer reach a state of feeedom reached by those who have already freed themselves of hardship in life!

Assalam o Alaikum
I'm doing real estate in Dubai and my one deal is in process at the moment. I'm a broker here so the buyer is using mortgage. My job was to show him the property he likes it and then the bank valuation team contacted me and I arranged a viewing of the apartment for them so they visited the apartment and valuated it to provide loan to the buyer so I just wanted to ask that I'm a middleman here connected with buyer/seller and I'm going to get the commission from the buyer as per Dubai real estate rule so the commission I'm getting for this will be halal for me or not as the buyer has taken a loan from the bank

Are islamic banking also deals in riba?

Is leverage trade without interest being charged haram?

I want to buy an investment property and build wealth outside of shares. Can I do this in an islamic way? I know those islamic deals still use the interest rate as the calculator for the repayments. If the others keep buying properties my children will stay poor, I want to buy properties

Assalamu Alaikum, I'm in the UK and new to Islamic finance. I want to learn about buying property to rent out, avoiding Usury, and setting an ethical renting model. Any book recommendations or advice? Your help is much appreciated. Thank you.

Brilliant, thank you Almir, that was very informative!

If you believe that riba in paper mony that nean if you change 100 $ 1 paper for 100 $ 100 papers you enter in riba even different currency or if you buy 1 golden lira with more than 1 paper lira.

wonderful and I subscribed , May Allah bless you dear

One thing is for sure I don't muslim by face. Muslim is a character.

Jazzak Allah khair

Rise for 2 kilo if dates is the same as house for money

How come that bread is not sold using weights😮? and the quality? the dates and bread are the same, please think it over

Masha Allah, brother, may Allah bless you, your family and what you do to spread the message of Our Prophet, peace be upon him ❤

MasyaAllah,,,barakalluhufikum brother

Salam, brother Almir Colan. I guess based on what you said about exchanges, I can’t buy gold on spot (online bank transfer) and then receive the gold some days later through shipment? And also I guess that would be the same if I told the dealer to store the gold in a vault for me until I come and
collect it on an agreed date?

Also, am I allowed to ask a friend of mine to collect the gold for me at spot. I.e. I’m paying it through online bank transfer, while he is collecting it for me and I will collect it from him in an agreed date?

JazakAllah

You are helping me so much making the right decisions for my business. I started when I was 20 years old and I have not used RIBA Alhamdulilah. It has been very difficult and recently I am trying to grow my business, but it seemed impossible before finding this channel. Thank you brother.

Thank you my brother in Islam for this very important and needed presentation on RIBA. It’s one of the least understood topics in Islam. My question is about Turkey where I presently live. Turkey has recently taken billions of dollars in loans from IMF so doesn’t that put Turkey at war with Allah subhaana wa ta’aala. Can we expect fall of Turkey like the Othman Empire. Why did Erdoğan go Back on his word and raise interest rates. It didn’t even seem to work. The Lira is still in free fall and inflation is skyrocketing. Has Turkey destroyed its future.

Br. Almir, in your presentation you do not address the basic concept of value of money. You did not explain what happens to my money (value wise) when I give a loan to someone and he returns the same amount in 10 years. This is the issue we are dealing with. Please revise your presentation to address this issue.

Some people to confuse further add that interest is different from usury, because the person taking loan on Interest is doing it for profit, for he himself will invest the money in one or other form. While these same people try to fool people that RIBA is something when someone is in need and poor and if that person is given money on interest, that is Usury. In reality both are same.

What does Islam offer to resolve the economic problems of common?

A teacher needs money for his daughter marriage. Who will give him money?

When you hear western media " Sharia law sharia law " showing related to extremism so public won't even go near what is sharia law . Sharia law threaten the western capitalism and those who portray Sharia law something evil themselves feel threaten . Corporate media show sharia as negative becuse in sharia law you have to veryfy News from 3 different authentic sources before commenting , passing it on or giving judgment . Crime and punishments they show hand chopping when none of any Islamic country apply hand chopping cz most of them follow western judicial system mostly as colonies but those country who has that punishments applicable in the book has lowest crimies in the world without even applying it . Western Banking system lives on intrest would disregard sharia based system cz it straight up contradicts what God allows and what God do not allows . Western academia do the same discrediting Islam becuse they produced ignorant puppets who go in charge of corporate structure,

Ribba is lifeline of Zionists , once world gets rid of it you will see Zionism ending next day

JazakAllah Khair, thanks

This man is a Satan. Islamic ? Do you know that Islaamic Banking is backdoor Riba?

Hallo, dear Almir, I am living in Turkey and here there is a huge inflation(%100 real, %60 explained) and interest rates(%30). And house prices is 4 times higher than 2 years ago and buying a house is impossible for a family( teacher + engineer). But goverment give some oppurtunities for the people who bus the first house with small interest(less than 10...this is huge in other countries but here is so small) via Goverment Banks. Is this Haram? Can you explain that please? Bank is government and the project is government. I would like to buy a house. Wha should I do? Islamic bank gives %40 ratio for 1 year. So this is so hard. Could you help me? Thany You. BEST REGARDS

What is the increase in money called that not through a trade?

Is there going to be an economical disadvantage to Muslim countries who do not use the riba system because their GDP will be based on real output of a their country or is that an advantage if they grow their GDP that way since the other countries GDPs are inflated and can collapse at anytime???

Please change the system of economy, you have power right?

At the most basic level, riba is mathematical fraud.

We only have a limited amount of money in circulation. Riba would demand money that physically does not exist. It's pulling money from thin air.

You only need a brain to know it’s wrong

بارك الله فيكم

excellent ,may Allah save you from arrogance and pride(result of deep knowledge)

Please be careful with some banks that offer the Islamic banking even in Islamic countries. They are still practicing riba but call it by another name. The prophet reminded us about this in one of his hadiths. I always try to avoid taking loans and just live within my means.

Salaam Almir Colan, Good to see you here and presenting your wonderful insights. Thanks for sharing.

Sir i have a question " In case a Muslim person x gives 10 gold coins to Muslim person y as a loan for 5year and takes back only 10 coins .... As on date gold value per coin is $2k and in 5 years it can be $2.2k will this $0.2k increase be considered as Riba ?"

Riba menyebabkan perbudakan modern yang kemudian menimbulkan terjadinya penghisapan kekayaan dari si miskin kepada si kaya. Kemiskinan struktural (kemiskinan yang disebabkan oleh ketidakadilan sistem dan bukan karena malas bekerja) muncul karena riba ini. Negara-negara berkembang tetap miskin karena riba hutang yang memberatkan yang harus dibayar kepada IMF, World Bank, hutang bilateral, dan lain-lainnya. Selain itu uang kertas tanpa jaminan emas juga menjadi salah satu sebab terjadinya perbudakan modern. Mata uang dengan nilai tukar lemah harus membayar jauh lebih mahal dibandingkan dengan mata uang kuat untuk sepotong humberger. Orang Islam yang hidup di dunia ketiga harus bekerja jauh lebih keras dibandingkan dengan negara-negara Barat dan negara-negara non Islam untuk mendapatkan standard barang yang sama karena dibayar jauh lebih murah.

Guys, i need a take on this example. Say, the instalement trade happens, where person 1 buys a house worth £500k, now this property is an asset. Person 2 (muslim) makes a proposition they will pay instalements monthly, and for every monthly a insalment he buys a share of the property, and if person 2 falls short on the payment plan, person 1 takes a share back until they break even and person 2 has caught up with payments. Would this be a fair transaction?

The person who edited this wonderful speech, DID NOT DO JUSTICE. Probably to shorten the length. He put the words soTIGHTLY, that it became painful to hear. It appears a very “breathless “, GOD,
Please record and post as is!

I think that the person who is receiving riba is more sinful than the one who asked for money

It is reported The prophet decreed riba halal. And Allah knows best ☝️

The problem with islam - muhammed was a paedophile.

Big problem.

"The Messenger of Allah [ﷺ] married me when I was six year's old, and consummated the marriage with me when I was nine, and I used to play with dolls." - Aisha [RA], in Sunan an-Nasa'i 3378; Vol. 4, Book 26, Hadith 3380.

Sir i dont understand why all currencies of world should not be one to one, as we can clearly see that it just speculation over a period of time which created difference of currencies value and not balance of trade as is assumed