Wisdom behind Prohibition of Riba (Interest)

By: Almir Colan    Feb 8, 2019 1 Comment

Category: Featured, Life & Society, Videos Topics: Economy, Interest (Riba), Islamic Finance Views: 4063
4063

One of the miracles of Islam are the rules of riba (interest, usury). Many students who for the first-time study these rules think they are a burden to the economy and question wisdom to why we exchange money for money in equal amounts and on the spot. Sometimes even ask if there is a place for such restrictions in a modern economy?

In this video, the power of Islamic economic principles is analyzed regarding the ban on riba by looking at the root causes of the Global Financial Crisis.

Published on Nov 26, 2017

( Source: Islamic Finance Clinic by Almir Colan )

  Category: Featured, Life & Society, Videos
  Topics: Economy, Interest (Riba), Islamic Finance
Views: 4063

Related Suggestions

Elon Musk Shocks the Deep State
Philippines Path to Islamic Finance: Balancing Religion and Law
From U.S. Dominance to Emerging Powers: A Global Economic Shift
UN Chief to Attend Upcoming BRICS Summit
Pakistan’s Massive Oil Discovery Impact
How Has Islamic Finance Evolved as a System of Justice and Ethical Prosperity?
What are Halal Mortgages?
Most Powerful Companies on Earth (tier list)
August 5 in retrospect: A narrow escape from total surrender to autocracy
The Islamic Case for Bitcoin
God Bless Bitcoin
Managing Your Money and the Halal Economy
 
COMMENTS DISCLAIMER & RULES OF ENGAGEMENT
The opinions expressed herein, through this post or comments, contain positions and viewpoints that are not necessarily those of IslamiCity. These are offered as a means for IslamiCity to stimulate dialogue and discussion in our continuing mission of being an educational organization. The IslamiCity site may occasionally contain copyrighted material the use of which may not always have been specifically authorized by the copyright owner. IslamiCity is making such material available in its effort to advance understanding of humanitarian, education, democracy, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law.


In accordance with Title 17 U.S.C. Section 107, and such (and all) material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.

Older Comments:
KASHMAN316 said:
SubhanAllah , What an amazingly good explanation. May Allah reward the brother for providing such an easy understanding of such a pivotal part of our deen.
2019-04-23