Is an Islamic mortgage any different from a conventional mortgage?

Two, what they're saying is we wouldn't Look, they need obviously this whole culture, this imaginative reality works on motivation, which works on self-interest. So, coming back to Adam Smith, they need that pursuit of some self-interest to be motivated to generate this greater dream of a more prosperous tomorrow.

So, what I'm trying to say and then on top of that, you are not the person taking. You are not the person of greed saying, "Ha, I want to consume people's money." You are giving. So, when you do all of these things, I mean, sorry, when you take into consideration all of these elements, I do not feel that the mortgages or loans that are taken from banks today are what the Quran is speaking about.

Now, you can disagree with me. By all means. But in my understanding, this is categorically a different narrative. This is an extremely immensely oppressive loan shark kind of culture that it's addressing. And it's addressing where it's not just even I know loan sharks do exist even in this part of the world, but they're an extreme rarity, but with un- like unlimited consequences.

So, that is what the Quran was condemning with so much kind of um with so much passion, if you like, when it declared war on riba. So, I hope that's of some help in explaining why riba, in my understanding, does not does not kind of include these things.

To me, a conventional mortgage and Islamic mortgage or whatever mortgage are all the same in my understanding. Right? I I wouldn't uh I mean, I wouldn't necessarily view Obviously, if people want to go with the uh you know, they want to go with what they call Islamic mortgages. To me, Islamic mortgages are exactly They're just mortgages. Like what It's just a play on words.

And I don't like that. The Maliki method has never liked that kind of attitude of trying to create loopholes and trying to kind of trick God. I I don't like I mean, I've got nothing against them, but I see as just that. Like, oh, they're saying a mortgage, you're doing this. Oh, you know, you're buying it for me, you're renting it to me, I'm buying shares. Look, come on.

Everybody knows. You know, just call a spade a spade. Like, you see, all I'm doing is I'm just saying, "Look, a spade is a spade. This is the banking system. Call it whatever you want. You know, it's like Sayyidna Umar radiyallahu anhu in his time, he had an issue with one of the the kind of neighboring dynasties.

They weren't Muslim. And uh they were Roman. And there was one of the provinces refused to pay his taxes to him. And what happened is Sayyidna Umar said to him that we have this agreement. And by breaking this covenant between us, it's seen as a declaration of war. Would you want to do that? Why why would you want to do And that person said, "Look, I have no harm. I have no issue in paying you." He said that what it is is calling this jizya, calling this an Islamic kind of taxation, I find it denigrating.

My people insult me. So, how about you can take this same money from me. It will come at the same time of the year. It will come in the same quantity. But we will not call it jizya. We will call it hadiya. That this is a hadiya. This is a gift. Okay. So, this is what he said to Sayyidna Umar.

Sayyidna Umar just wrote back to him, "Look." He said to him, "Send it on time." I said, "Done. I said, "Done." He said to him, "Send it on time." He said, "Hiyal jizya." Sammuha ma shi'ta. He said, "It is the jizya. It is the tax. Call it whatever the hell you want.

I don't give a damn." Like he said, "Just make sure it's on time." I like it. That's the a style. That's the style, the swagger in the conduct. Now, you see, look, I'm saying, "Look, let's just be real. The whole system has changed. Now, you can call this Islamic mortgages or you can call it this.

That's one way of trying to bend and do gymnastics. I'm just saying, "Look, the whole day and age has changed. Where we live, the whole banking system has I mean, there there was no such thing as a banking system. The whole thing has been created. That there's a promise of tomorrow, there's this, there's that, there's safety structures. It's not loan shark kind of culture. So, I don't feel it to be the same.