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Term

riba

Cited in 36 segments across 13 recordings · 2016 to 2021 · term/term:riba

Citing segments

Newest first. Each opens the whole segment, not a bare quote.
2 Feb 2021Monday Nights with Mufti Abu Layth Is trading stocks, crypto or on margin halal? Mufti Abu Layth believes modern trading, including crypto and margin trading, is permissible with sensible risk management; risk was never the reason for a ban. Lessonposition checkedribagambling (maysir)fiqh machine8 min 23 s2:28:10on YouTube
29 Jan 2021MindTrap with Mufti Abu Layth LatestIs a mortgage riba? The guest says a mortgage is not riba because the bank acts as an agent buying a specific house and then sells it on in instalments; riba is only a free loan repaid with extra. Discussionquoted view, not his positionguest speechShaykh Atabek Shukurov (guest)ribawakala (agency)tawkil (appointing an agent) machine7 min 51 s25:59on YouTube
29 Jan 2021MindTrap with Mufti Abu Layth Isn't calling a mortgage agency just a loophole for interest? The guest says the loophole charge is backwards: what counts is what is technically happening, and a bank that also gives loans can still offer a permissible mortgage, as a pub also sells food. Discussionquoted view, not his positionguest speechShaykh Atabek Shukurov (guest)ribatawkil (appointing an agent) machine2 min 40 s31:13on YouTube
29 Jan 2021MindTrap with Mufti Abu Layth Could a senior scholar ever publicly change his fatwa on mortgages? Mufti Abu Layth doubts the jurist could ever publicly accept the guest's view; the guest says almost no scholar is fully independent of politics, audience or salary. Discussionguest speechShaykh Atabek Shukurov (guest)Mufti Taqi Usmani [?]HSBCriba machine7 min 11 s40:13on YouTube
5 Jan 2021Monday Nights with Mufti Abu Layth Can I take a mortgage, and can I urinate standing up? Bank interest is not the Quran's riba in his understanding, and urinating standing up is fine, with care over splashing. Question from live chatposition checkedribaHanafi schoolImam Malik machine3 min 42 s37:40on YouTube
21 Nov 2020video The clip: Omar Suleiman on jinn possession, the riba verse and disobedience In the clip Omar Suleiman says jinn possession is real and affirmed by the riba verse, that most imams have seen supernatural cases, and that disobedience, especially leaving prayer and riba, removes Allah's protection and invites possession. Otherquoted view, not his positionguest speechOmar SuleimanQuran 2:275 (those who consume riba stand as one struck by Satan)report: satan flows through the son of adam like bloodqarin machine3 min 53 s2:41on YouTube
21 Nov 2020video Can there be a balanced view on whether jinn possess people? A supernatural claim cannot be balanced; possession is either real or not. If disobedience, missing prayer and riba invited possession, most of the globe would be possessed. Lessonposition checkedOmar Suleimanribajinn machine5 min 15 s6:34on YouTube
21 Nov 2020video Does the riba verse prove that jinn can possess people? The riba verse 2:275 uses the image of being struck by the devil as a frame of reference the Arabs knew, like the heads of devils in 37:65; it does not establish possession. Lessonposition checkedQuran 2:275 (those who consume riba stand as one struck by Satan)Quran 37:65 (its shoots are like the heads of devils)Quran 14:22 (Satan: I had no power over you)riba machine3 min 53 s17:05on YouTube
27 Oct 2020Monday Nights with Mufti Abu Layth Is Sharia-compliant investing really different from normal investing? Mufti Abu Layth says ethical investing is fine, but interest loopholes are absurd: bank interest is not Quranic riba and mortgages are permissible. Question from live chatposition checkedribahiyal (legal stratagems)maslahaImam Malik machine9 min 53 s1:00:41on YouTube
24 Aug 2020Monday Nights with Mufti Abu Layth Why isn't bank interest riba? Mufti Abu Layth holds that today's bank interest is not the riba the Quran addresses, arguing that the usual definition of riba as 'something extra' does not hold together. Question from live chatposition checkedribakhars (estimating dates on the tree) [?] machine6 min 37 s15:18on YouTube
10 Jul 2020MindTrap with Mufti Abu Layth Why is lending money for profit considered wrong in Islam? Mufti Abu Layth tests why profit on loans is a problem; the guest points to profit-sharing partnership as the alternative. Discussionquoted view, not his positionguest speechShaykh Omar Balochribamudarabah machine1 min 51 s1:24:20on YouTube
10 Jul 2020MindTrap with Mufti Abu Layth Can the bank take my whole house if I default near the end of my mortgage? Mufti Abu Layth says that, in UK practice, mortgage lenders are far more lenient with defaulters than landlords, and asks to discuss riba as a concept. Discussionguest speechShaykh Omar Balochriba machine4 min 32 s1:26:11on YouTube
10 Jul 2020MindTrap with Mufti Abu Layth Is it better to rent or to take a mortgage? Mufti Abu Layth argues that, compared with renting, a mortgage is probably the better option, and presses the guest on what is wrong with riba as a concept. Discussionguest speechShaykh Omar Balochriba machine5 min 10 s1:30:43on YouTube
10 Jul 2020MindTrap with Mufti Abu Layth Is bank interest the same as the riba forbidden in the Quran? Mufti Abu Layth holds that the riba of the Quran meant loan sharking, not modern banking; the guest says today's banks are loan sharks. Discussionguest speechShaykh Omar Balochriba machine6 min 26 s1:35:53on YouTube
10 Jul 2020MindTrap with Mufti Abu Layth Why might the Quran's ban on riba not apply to modern loans? Mufti Abu Layth argues that Quranic riba belonged to a zero-sum economy and does not apply to modern loans; the guest describes its human cost. Discussionguest speechShaykh Omar BalochribaQuran 59:7Quran 2:279 machine4 min 34 s1:42:19on YouTube
10 Jul 2020MindTrap with Mufti Abu Layth Is investing as a partner better than lending at interest? Mufti Abu Layth accepts partnership as a better model but says lending and investing both run on greed; the guest calls today's system worse than riba. Discussionguest speechShaykh Omar Balochriba machine4 min 27 s1:50:43on YouTube
10 Jul 2020MindTrap with Mufti Abu Layth Is it wrong to expect something back when you lend money? Mufti Abu Layth says modern lending has safety nets that loan sharks lack, and that people being motivated by a return is nothing wrong. Discussionguest speechShaykh Omar Balochriba machine3 min 54 s1:55:10on YouTube
10 Jul 2020MindTrap with Mufti Abu Layth Are Islamic mortgages really different from normal mortgages? Mufti Abu Layth calls Islamic mortgages a loophole that does the same thing as a conventional one at a higher price with an Islamic veneer. Discussionguest speechShaykh Omar Balochriba machine6 min 22 s2:06:11on YouTube
10 Jul 2020MindTrap with Mufti Abu Layth Is bank interest the riba that the Quran forbids? Mufti Abu Layth's view: the riba of the Quran means loan sharking, not interest-based bank loans, though banks are not philanthropists. Question from live chatguest speechShaykh Omar Balochriba machine3 min 11 s2:21:35on YouTube
28 Feb 2020From the Mind of a Mufti Is it halal to buy bad loans and foreclose on people's homes? Buying property as a business is permissible in his view, but exploiting people who cannot pay and evicting them is oppression he is against. Question from live chatposition checkedriba machine38 s30:52on YouTube
15 Apr 2018Debunking Myths On: Jinns, Magic, the Evil Eye, and Superstitions Does the Quran's riba verse prove that Satan can possess people? No: Mufti Abu Layth says the verse is imagery, read by the commentators as describing how riba-takers rise on the Day of Judgement or as a picture of consuming greed, and the Quran uses such images, like the zaqqum tree's heads of devils, because humans have imagination. Lessonposition checkedQuran 2:275 (like one whom Shaytan has driven to madness by his touch)Quran 37:65 (its shoots are like the heads of devils)ribaShaytan machine5 min 16 s7:47on YouTube
13 Mar 2018Islamic Eschatology Opening: unwell but live, Facebook sharing and greetings Housekeeping and greetings before the talk; a question about riba is referred to an earlier YouTube clip. Announcementriba machine3 min 51 s0:03on YouTube
19 Oct 2017video Opening: riba as a complex, over-claimed and symbolic subject Riba is a complex but over-claimed subject that has become symbolic in Islam. Mufti Abu Layth asks viewers to bear with a detailed explanation. Otherriba machine2 min 04 s0:00on YouTube
19 Oct 2017video Why does Mufti Abu Layth say riba has become a symbol rather than something people understand? Riba has become a symbol of Islam that many hold important without understanding it, because religion for many people is a matter of visible symbols. What people know is that Allah declared war on riba and destroys it while increasing charity. Lessonposition checkedribaQuran 2:279 (be informed of a war from Allah)Quran 2:276 (Allah destroys riba and increases sadaqat)sadaqah machine3 min 27 s2:04on YouTube
19 Oct 2017video What was the riba of the jahiliyyah that the Quran condemned? Riba is spoken of as three kinds: riba al-jahiliyyah, riba al-fadl and riba al-nasi'a. The riba of the jahiliyyah was a tyrannical loan-shark practice of compounding debt enforced by killing, torture and enslavement. Lessonposition checkedQuran 2:275 (Allah has permitted sale and forbidden riba)ribariba al-jahiliyyahriba al-fadl (riba of excess) machine3 min 45 s6:12on YouTube
19 Oct 2017video Does the Quran forbid every kind of excess when it forbids riba? The definite article in 'Allah forbade riba' points to a specific known kind of riba, not every excess, since most excesses are not haram. Umar wished the Prophet had explained riba, and Ibn Abbas held there was no riba except in delay. Lessonposition checkedQuran 2:275 (Allah has permitted sale and forbidden riba)ribaal-'ahd al-dhihni (definite article referring to a known thing)khars (estimating dates on the tree) [?] machine2 min 56 s14:16on YouTube
19 Oct 2017video Did the scholars ever agree on what counts as riba? There has never been clarity or agreement on what riba applies to: the Hanafi, Shafi'i and Maliki schools each defined its scope differently, and nobody calls a phone-for-phones swap riba. No scholar has given Mufti Abu Layth a satisfying explanation of why delay in barter is riba. Lessonposition checkedribaIbn Ulayya [?]Hanafi schoolShafi'i school machine4 min 34 s17:12on YouTube
19 Oct 2017video Are mortgages and bank loans the riba forbidden in the Quran? Mortgages and bank loans are not the riba forbidden in the Quran, which addressed a tyrannical loan-shark culture. Today's borrower is the one giving more, not taking, and is protected by a legal framework of cooperation, debt management and bankruptcy. Lessonposition checkedribaQuran 2:279 (be informed of a war from Allah)a ruling does not continue when its cause has ceased machine7 min 59 s21:46on YouTube
19 Oct 2017video How was the economy of the Prophet's time different from today's? The Quranic prohibition came in an economy of finite gold, where wealth could only grow by taking it from others. Money, which Mufti Abu Layth calls humanity's greatest invented story, was later dematerialised into paper, changing everything. Lessonposition checkedribaQuran 59:7 (so that wealth does not circulate only among the rich among you) [?] machine7 min 14 s29:45on YouTube
19 Oct 2017video How did Adam Smith and industrialisation change attitudes to greed and lending? Adam Smith's idea of the pursuit of self-interest and the industrial-era promise of a better tomorrow changed a mindset in which greed was simply evil and nobody would lend. These are ingredients of the modern economy the Quran did not address. Lessonposition checkedAdam SmithThe Wealth of Nationsriba machine4 min 40 s36:59on YouTube
19 Oct 2017video How can a bank lend out more money than it has? Banks lending out far more than they hold, though it can be abused, is what allows communities to flourish. Money today is created out of nothing, but spending it enriches others. Lessonposition checkedriba machine5 min 44 s42:32on YouTube
19 Oct 2017video Why did the Quran declare war on riba? The Quran declared war on riba because of the tyranny of a loan-shark culture in a world of finite money, which modern banking does not resemble. The only similarity is that more is repaid than taken, which banks explain by inflation and motivation. Lessonposition checkedribaQuran 2:279 (be informed of a war from Allah)Adam Smith machine4 min 22 s49:44on YouTube
19 Oct 2017video Is an Islamic mortgage any different from a conventional mortgage? Mortgages and bank loans today are not the riba the Quran condemns, in Mufti Abu Layth's understanding. Islamic mortgages are the same thing under another name, a loophole the Maliki school has never liked, as Umar said of the jizya renamed a gift. Lessonposition checkedribahiyal (legal stratagems, loopholes)Maliki schoolUmar ibn al-Khattab machine4 min 57 s53:15on YouTube
19 Oct 2017video Are student loans, car finance and mortgages haram? Mortgages, student loans, car finance and other bank loans are not haram in Mufti Abu Layth's understanding, though nobody is obliged to take them. He encourages Muslims in the West to invest in property, while leaving renting or Islamic mortgages to personal choice. Lessonposition checkedribahiyal (legal stratagems, loopholes)Maliki schoolHanbali school machine3 min 25 s56:42on YouTube
20 Sep 2017Debunking Myths On: Jinns, Magic, the Evil Eye, and Superstitions Does the Quran's verse about the touch of Shaytan prove that jinn possess people? No: the riba verse describes how usurers will rise on the Day of Judgement or pictures their greed, and the image of Shaytan's touch is drawn from human imagination, like the tree of Jahannam whose fruit is 'like the heads of devils'. It is a misused verse, not a proof. Lessonposition checkedQuran 2:275 (like one whom Shaytan has driven to madness by his touch)Quran 37:65 (the tree of Jahannam, its fruit like the heads of devils)Ibn Atiyya [?]riba machine3 min 56 s58:35on YouTube
15 Mar 2016video Riba and Ibn Abbas: his disagreement on riba and his combining of prayers Ibn Abbas is reported as holding that riba lies only in delayed exchange and as combining prayers without travel or fear, which one speaker uses to show that labelling a view easy or liberal is not an argument. Discussionquoted view, not his positionguest speechNouman Ali KhanIbn Abbasribajam (combining prayers) machine2 min 38 s14:45on YouTube