Mufti Abu Layth Archive: fiqh/finance

Is it wrong to want to be rich?

Sun, 04 Jul 2021 00:00:00 +0000

Is it wrong to want to be rich?

Wanting to be rich or to build a lucrative business is not wrong in Islam. The balance is to hold wealth in your hands and not in your heart, keeping your purpose. Mufti Abu Layth says there is nothing wrong in Islam with wanting to be rich or to have a lucrative business, so long as wealth is held in one's hands and not in one's heart and one keeps a purpose.

Answer from 4 July 2021 · auto-transcribed, may contain errors

Kind: general teaching

Recording: Feeling bad about wanting to be rich? #Shorts (at 0:00)

A more recent answer on wellbeing/motivation-and-purpose exists (4 March 2024): How much does Allah love me?

Watch on YouTube at 0:00 · Open the segment

Is it wrong for a Muslim to want to make money?

Tue, 13 Apr 2021 00:00:00 +0000

Is it wrong for a Muslim to want to make money?

No: Mufti Abu Layth says make money and enjoy what it brings, but do not love money for itself, and remember that giving opens the way to provision. Mufti Abu Layth says it is good to be enterprising and make money, provided one loves what money brings rather than money itself, and that provision is counterintuitively increased through giving.

Answer from 13 April 2021 · auto-transcribed, may contain errors

Kind: general teaching

Recording: Monday Nights with Mufti #210 | Q&A Unscripted & Unrestricted! 😉 | Mufti Abu Layth (at 3:08:42)

A more recent answer on wellbeing/gratitude-giving-and-contentment exists (5 March 2024): Which verse of the Quran promises more blessings for being grateful?

Watch on YouTube at 3:08:42 · Open the segment

Is forex trading halal or haram?

Tue, 06 Apr 2021 00:00:00 +0000

Is forex trading halal or haram?

Mufti Abu Layth refers the question to his earlier videos and says inherited fiqh is so out of date that much of it can no longer be applied. Mufti Abu Layth says inherited fiqh is so out of date that much of it cannot be applied and its teaching has become largely ritual, partly because past jurists closed it to later rulings.

Answer from 6 April 2021 · auto-transcribed, may contain errors

Kind: general teaching

Recording: Monday Nights with Mufti #209 | Q&A Unscripted & Unrestricted! 😉 | Mufti Abu Layth (at 21:11)

A more recent answer on fiqh/legal-theory exists (18 October 2025): If reason helps us understand the Quran, does the reasoning of earlier scholars matter too?

Watch on YouTube at 21:11 · Open the segment

Is Cardano going to shoot up in value?

Tue, 02 Mar 2021 00:00:00 +0000

Is Cardano going to shoot up in value?

Mufti Abu Layth is suspicious of big announcements that funds will move money out of bitcoin into other coins, suspecting they may be ploys to move prices. Mufti Abu Layth says he is a bit suspicious when big investors announce they will move money out of bitcoin into other coins.

Answer from 2 March 2021 · auto-transcribed, may contain errors

Kind: general teaching

Recording: Monday Nights with Mufti #204 | Q&A Unscripted & Unrestricted! 😉 | Mufti Abu Layth (at 12:56)

A more recent answer on fiqh/finance exists (4 July 2021): Is it wrong to want to be rich?

Watch on YouTube at 12:56 · Open the segment

Is trading covered calls on stocks halal?

Tue, 09 Feb 2021 00:00:00 +0000

Is trading covered calls on stocks halal?

Mufti Abu Layth says covered calls are halal, and he does not consider any of today's regulated trades haram. Mufti Abu Layth says he does not feel any of today's trades are haram, since they operate within a framework of statutory regulation.

Answer from 9 February 2021 · auto-transcribed, may contain errors

Kind: general teaching

Recording: Monday Nights with Mufti #201| Q&A Unscripted & Unrestricted! 😉 | Mufti Abu Layth (at 1:54:38)

A more recent answer on fiqh/finance exists (4 July 2021): Is it wrong to want to be rich?

Watch on YouTube at 1:54:38 · Open the segment

Is it wrong in Islam to want to be rich?

Tue, 09 Feb 2021 00:00:00 +0000

Is it wrong in Islam to want to be rich?

Mufti Abu Layth says Islam is not against wealth; what is haram is arrogance and looking down on others, and he encourages people to make money and enjoy it. Mufti Abu Layth says Islam is not against the aggregation of wealth.

Answer from 9 February 2021 · auto-transcribed, may contain errors

Kind: general teaching

Recording: Monday Nights with Mufti #201| Q&A Unscripted & Unrestricted! 😉 | Mufti Abu Layth (at 1:43:46)

A more recent answer on wellbeing/gratitude-giving-and-contentment exists (5 March 2024): Which verse of the Quran promises more blessings for being grateful?

Watch on YouTube at 1:44:53 · Open the segment

Is trading stocks, crypto or on margin halal?

Tue, 02 Feb 2021 00:00:00 +0000

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. Mufti Abu Layth says he believes trading such as CFDs, stocks, forex and crypto is permissible, while noting there are regulations.

Answer from 2 February 2021 · auto-transcribed, may contain errors

Kind: general teaching

Recording: Monday Nights with Mufti #200| Q&A Unscripted & Unrestricted! 😉 | Mufti Abu Layth (at 2:28:10)

A more recent answer on society/islam-and-modernity exists (19 August 2022): Should all religions be free to compete without state backing?

Watch on YouTube at 2:28:10 · Open the segment

What happened with GameStop, Reddit and Wall Street?

Tue, 02 Feb 2021 00:00:00 +0000

What happened with GameStop, Reddit and Wall Street?

Mufti Abu Layth explains margin trading, short selling and how Reddit traders squeezed Wall Street funds over GameStop.

Answer from 2 February 2021 · auto-transcribed, may contain errors

Kind: general teaching

Recording: Monday Nights with Mufti #200| Q&A Unscripted & Unrestricted! 😉 | Mufti Abu Layth (at 2:14:58)

A more recent answer on society/current-events exists (19 August 2022): What was Salman Rushdie's family background?

Watch on YouTube at 2:14:58 · Open the segment

If money was earned in a haram way, is it haram for whoever receives it?

Tue, 19 Jan 2021 00:00:00 +0000

If money was earned in a haram way, is it haram for whoever receives it?

Money is not haram in itself, Mufti Abu Layth says: the sin lies with whoever earned it unlawfully, not with someone who later receives it unknowingly. Mufti Abu Layth says money in and of itself carries no intrinsic moral value; it is how it is earned that makes it haram or halal.

Answer from 19 January 2021 · auto-transcribed, may contain errors

Kind: general teaching

Recording: Monday Nights with Mufti #198 | Q&A Unscripted & Unrestricted! 😉 | Mufti Abu Layth (at 40:27)

A more recent answer on fiqh/finance exists (4 July 2021): Is it wrong to want to be rich?

Watch on YouTube at 40:27 · Open the segment

Can I work as a recruiter if some of the jobs are in banking?

Tue, 12 Jan 2021 00:00:00 +0000

Can I work as a recruiter if some of the jobs are in banking?

Yes, he says one may work as a recruiter for such a company; it is not haram in his understanding. Mufti Abu Layth says one may work for such a company and that these things are not haram in his understanding.

Answer from 12 January 2021 · auto-transcribed, may contain errors

Kind: general teaching

Recording: Monday Nights with Mufti #197 | Q&A Unscripted & Unrestricted! 😉 | Mufti Abu Layth (at 1:40:10)

A more recent answer on fiqh/finance exists (4 July 2021): Is it wrong to want to be rich?

Watch on YouTube at 1:40:51 · Open the segment

How can I make the new year a more positive one?

Tue, 05 Jan 2021 00:00:00 +0000

How can I make the new year a more positive one?

His tips for the year: speak positively, smile, leave toxic circles and start something new, whether a skill or an investment. Mufti Abu Layth advises that people stop responding with negative words such as not bad and respond with positive words instead.

Answer from 5 January 2021 · auto-transcribed, may contain errors

Kind: general teaching

Recording: Monday Nights with Mufti #196 | Q&A Unscripted & Unrestricted! 😉 | Mufti Abu Layth (at 1:35:51)

A more recent answer on wellbeing/motivation-and-purpose/goals-and-habits exists (16 April 2022): Am I only praying because I fear God will punish me?

Watch on YouTube at 1:35:51 · Open the segment

Is buying a scratch card or lottery ticket haram?

Tue, 22 Sep 2020 00:00:00 +0000

Is buying a scratch card or lottery ticket haram?

Mufti Abu Layth says gambling is haram because it is addictive and destroys families, but small stakes such as a scratch card or a pound on the lottery are not. Mufti Abu Layth says gambling is haram, because gambling is highly addictive and destroys lives and families.

Answer from 22 September 2020 · auto-transcribed, may contain errors

Kind: general teaching

Recording: Monday Nights with Mufti #183 | Q&A Unscripted & Unrestricted! 😉 | Mufti Abu Layth (at 2:05:10)

A more recent answer on fiqh/finance exists (4 July 2021): Is it wrong to want to be rich?

Watch on YouTube at 2:05:10 · Open the segment

Is drawing lots or playing the lottery haram in Islam?

Tue, 22 Sep 2020 00:00:00 +0000

Is drawing lots or playing the lottery haram in Islam?

Mufti Abu Layth says drawing lots is an established principle of the Shari'ah, and that a small lottery stake is not haram, though he does not encourage it. Mufti Abu Layth says he does not encourage the small lottery people play, a pound here or there, but it is not haram.

Answer from 22 September 2020 · auto-transcribed, may contain errors

Kind: general teaching

Recording: Monday Nights with Mufti #183 | Q&A Unscripted & Unrestricted! 😉 | Mufti Abu Layth (at 1:42:38)

A more recent answer on hadith/hadith-in-legal-reasoning exists (18 October 2025): Is there a middle way between rejecting all hadith and accepting every hadith?

Watch on YouTube at 1:42:38 · Open the segment

Is an Islamic economic system realistic or utopian?

Fri, 10 Jul 2020 00:00:00 +0000

Is an Islamic economic system realistic or utopian?

The guest argues that Islam offers a complete welfare-minded social order; Mufti Abu Layth presses him on whether it is utopian.

Answer from 10 July 2020 · auto-transcribed, may contain errors

Kind: quoted view (stated in order to be discussed, not necessarily held)

Recording: Shaykh Omar Baloch | Cynicism, Consumerism & the Catch 22 of Riba | Mindtrap with Mufti #30 (at 2:12:33)

A more recent answer on fiqh/finance exists (4 July 2021): Is it wrong to want to be rich?

Watch on YouTube at 2:12:33 · Open the segment

Are Islamic mortgages really different from normal mortgages?

Fri, 10 Jul 2020 00:00:00 +0000

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.

Answer from 10 July 2020 · auto-transcribed, may contain errors

Kind: general teaching

Recording: Shaykh Omar Baloch | Cynicism, Consumerism & the Catch 22 of Riba | Mindtrap with Mufti #30 (at 2:06:11)

A more recent answer on fiqh/finance exists (4 July 2021): Is it wrong to want to be rich?

Watch on YouTube at 2:06:11 · Open the segment

Does bank lending help society prosper?

Fri, 10 Jul 2020 00:00:00 +0000

Does bank lending help society prosper?

Mufti Abu Layth argues that bank lending, by recycling the same money, is what has allowed modern societies to prosper; the guest warns of endless debt.

Answer from 10 July 2020 · auto-transcribed, may contain errors

Kind: general teaching

Recording: Shaykh Omar Baloch | Cynicism, Consumerism & the Catch 22 of Riba | Mindtrap with Mufti #30 (at 1:46:53)

A more recent answer on fiqh/finance exists (4 July 2021): Is it wrong to want to be rich?

Watch on YouTube at 1:46:53 · Open the segment

Are student loans, car finance and mortgages haram?

Thu, 19 Oct 2017 00:00:00 +0000

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. Mufti Abu Layth holds that mortgages, student loans, car finance and other bank loans are not haram, though nobody is obliged to take them, and offers as his own thought, which viewers may discard, that Muslims living as minorities in the West should invest in property and build assets.

Answer from 19 October 2017 · auto-transcribed, may contain errors

Kind: general teaching

Recording: Are Mortgages & Bank Loans Haram? - Mufti Abu Layth (at 56:42)

A more recent answer on society/islam-and-modernity exists (19 August 2022): Should all religions be free to compete without state backing?

Watch on YouTube at 56:42 · Open the segment

How can a bank lend out more money than it has?

Thu, 19 Oct 2017 00:00:00 +0000

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. Mufti Abu Layth says that banks being authorised to lend far more money than they hold, although it can be done irresponsibly, is what allowed communities and societies to flourish.

Answer from 19 October 2017 · auto-transcribed, may contain errors

Kind: general teaching

Recording: Are Mortgages & Bank Loans Haram? - Mufti Abu Layth (at 41:39)

A more recent answer on society/islam-and-modernity exists (19 August 2022): Should all religions be free to compete without state backing?

Watch on YouTube at 42:32 · Open the segment

Riba and Ibn Abbas: his disagreement on riba and his combining of prayers

Tue, 15 Mar 2016 00:00:00 +0000

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.

Answer from 15 March 2016 · auto-transcribed, may contain errors

Kind: quoted view (stated in order to be discussed, not necessarily held)

Recording: Ustadh Nouman Ali Khan & Mufti Abu Layth - A Discussion on Contemporary Issues (at 14:45)

A more recent answer on dialogue/guest-conversations exists (18 October 2025): How should Muslims engage people with very different views of the religion?

Watch on YouTube at 14:45 · Open the segment