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Interest,Interest,
Money & BankingMoney & Banking

Issue to be discussedIssue to be discussed
Interest HARAM – clear ayat of Qur’an
Interest in a controlled environment
The consequence of interest on the society
Conclusion – is interest desirable ?
Recent developments & the rise of Riba-
based intuitions
The future of Riba . . .

What the Qur’an DECLARES (2:275):What the Qur’an DECLARES (2:275):
Those who eat Ribâ (usury) will not stand (on the Day of
Resurrection)
except like the standing of a person beaten by Shaitân (Satan)
leading him to insanity.
That is because they say:
"Trading is only like Ribâ (usury),"
whereas Allâh has permitted trading and forbidden Ribâ.
So whosoever receives an admonition from his Lord
& stops eating Ribâ (usury)
shall not be punished for the past;
his case is for Allâh (to judge); but whoever returns (to Ribâ),
such are the dwellers of the Fire – they will abide therein
forever.

Soorah Al-Baqarah Ayah # 276:Soorah Al-Baqarah Ayah # 276:
Allâh will destroy Ribâ (usury)
and will give increase for Sadaqât (deeds
of charity, alms, etc.)
And Allâh likes not the
disbelievers, sinners.
RIBA will be DESTROYED !!!!!!

1. Truly those who believe,
2. and do deeds of righteousness,
3. and perform As-Salât,
4. and give Zakât,
they will have their reward with their Lord.
 On them shall be no fear,
 nor shall they grieve.

O you who believe!
Be afraid of Allâh
and give up what remains
(due to you) from Ribâ
(from now onward),
if you are (really) believers.
MUST
give
up riba!

And if you do not do it,
then take a notice of war from
Allâh 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).

And if the debtor is in straitened
circumstances,
then (let there be) postponement
to (the time of) ease;
and that ye remit the debt as
almsgiving would be better for
you if ye did but know.

And be afraid of the Day when
you shall be brought back to
Allâh.
Then every person shall be
paid what he earned, and they
shall not be dealt with
unjustly.

Ahadeeth on RIBA:Ahadeeth on RIBA:
Jabir (r) narrates that the prophet (s) cursed the
receiver and the payer of riba, the one who
records it and the 2 witnesses to the transaction
and said: “They are all alike” (Tirmidhi)
Abu Hurairah (r) narrates that the prophet (s) said:
On the night of Ascension I came upon people whose
stomachs were like houses with snakes visible
from the outside. I asked Gibril who they were. He
replied that they were people who had received
riba.” (Musnad Ahmed)
Abu Hurairah (r) narrates that the prophet (s) said:
There will certainly come a time for humanity when
everyone will take riba and if he does not do so, its
dust will reach him (Abu Dawoud)

Is RIBA Haram in IslamIs RIBA Haram in Islam
It is a serious kabair; if not left in hell-
fire forever
It is clearly haram in Qur’an & hadith
There is absolutely no difference
amongst the Fuqahah on Riba
It is a sin in Judaism & Christianity
It is not considered a good practice in
Hinduism, Buddhism, or Maoism

Consequence of RIBA in the HereafterConsequence of RIBA in the Hereafter
Barzakh: drowning in a pool of blood;
being fed thrown rock until Qimiyah;
Stomaches filled with snakes;
In hell-fire forever;
The Wrath of Allah & His Prophet forever
Cannot stand, beaten by worst enemy –
Shaitan; in a state of maddness

Definition of RIBADefinition of RIBA
Is a Arabic word with means “extra”.
Any amount over and above the principle
amount is RIBA.
Late/penalty fees is also RIBA.
What is the fundamental problem with RIBA ?

RIBA in a controlled environmentRIBA in a controlled environment
Independent in 1948
Very simple life; no complications
Following a barter system
In the case study, all other economic
variable have been removed

5 simple people – use barter system5 simple people – use barter system
Sajid Fish
Abid Wood
Nasir Fruits
Furqan Salt
Salman Entertainer
Not always happy, but cooperate
together in barter system.
Each feels he is cheated, would like to
change the system ?

Loaned money : solution to problem!Loaned money : solution to problem!
One blessed day, Uncle Yahoodi, arrives with
the answer to their problem.
Loaned money, as aid, minimum interest;
for the development of the society
Uncle Yahoodi ready of help out these
people;

Loan taken – is this fair (halal) ?Loan taken – is this fair (halal) ?
Name Principle Interest
Sajid 1000 + 100
Abid 1000 + 100
Nasir 1000 + 100
Furqan 1000 + 100
Salman 1000 + 100
=========================
Total amount given 5,000
Thus total money supply 5000 ONLY
Is there any problem in the above transaction?

RIBA ExposedRIBA Exposed – impossible to return – does not exist!– impossible to return – does not exist!
Loan taken = 5,000
Thus, total money supply 5,000
How will they return 5,500!
The Riba amount 500 – EXTRA does NOT exist
RIBA impossible to return ->ZULM=HARAM

Returning RIBAReturning RIBA
Trying to do the impossible
Every Haram has its price !
In order to achieve the impossible,
the whole society will be affected
negatively!

Negative consequence of RIBANegative consequence of RIBA
Inflation (in the long term hyper-inflation/sprilling)
Short money supply
Currency devalued
Unemployment (stagflation)
Cheating and fraud
Deteriorating quality of good & services
Organized crime, supported by influential people
Foreigners dictating policy
Politically divided
Foreigners acquiring national assets
Foreigner instructing to disable national security
Lawlessness, helplessness
Rampant corruption
Effectively a failed state
WAR
Interest + inflation =
sprilling inflation

Our progress after 60 years of Riba!Our progress after 60 years of Riba!

5 simple people sit to think5 simple people sit to think
Uncle Yahoodi came to help us ?
AID should be forgiven !
To help us, Uncle Yahoodi gave us 5000.
So we should return 5000!
Uncle Yahoodi gave us worthless paper, in
exchange he took over our country!
Why did we accept his money on his terms?
Why didn’t we buy gold ?
Extremely
Profitable
Business
Transaction

Recent history of bankingRecent history of banking
Jews, were jewelers & goldsmiths
People would keep their valuable, in their
vault, in return for service charge and a
promissory note.
It was noticed that only 1 in 20 people
returned for their valuable. 95% did not
return!
Their promissory note was been circulated
in the whole town, because of the ease of
use.

They began to print NOTES!They began to print NOTES!
If they had gold worth € 100, they could
easily print and distribute € 2000 worth!
They gave loans
They bought real assets: property,
building, farms, horses, gold mines!
They began to keep mini armies!
In the town they became Lords!

At the national levelAt the national level
They gave their allegiance to the king of the
area.
Promised to finance the “war”
In return only they would be allowed to
legally print money in the country.
Whenever the king needed money, they
would freely give, in return for assets of the
kingdom. New kings became slaves in their
hands!

Proof of Jewish instigated warsProof of Jewish instigated wars
Napoleon Bonaparte:
The Jews provide troops for my campaign in Poland, but
they ought to reimburse me…They are a state within the
state. The Jews are master robbers of the modern age;
they are the carrion birds of humanity …
(Speeches before the Council of State May 7th
, 1806, Book:
“Antizion” by William Grimstard)

Winston Churchill, UK Prime Minister:
This movement among the Jews in not new. This
worldwide conspiracy for the overthrow of
civilization and for the predominance of Jews is
even more astounding. The same evil prominence
was obtained in the brief period of terror …
(Illustrated Sunday Herald, London, February 8,
1920)

Henry Ford, 20th
Century U$ Tycoon:
Get hold of 50 of the wealthiest Jewish
financiers, the men who are interested in
making wars for their own profit. Control
them, and you will put an end to it all.
(Cleveland News, September 20, 1923)

Who is authorized to print money ?Who is authorized to print money ?

What is the future of RIBA ?What is the future of RIBA ?

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Interest, money & banking

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