Is Sharia-compliant investing really different from normal investing?

Don't you dare. Don't you dare. [laughter] That would just be like, what the hell? What kind of reasoning is that? So, I I disagree with that. Um, somebody said, [laughter] that's a good one. Right. Um, is said, "Like non-alcohol, non-alcoholic beer and wine." Yeah, that's absolutely fine.

What do you think about Sharia compliant ethical investing? How extensive is your knowledge in this space? Peace and love. Afab right much love. Uh Kushki, you're doing it. Much love for the super chat. Muhammad Aman, much love for the super chat. You're doing it guys. You're doing it. Fitzar OG means original gangster. Ah, you you you haramies.

[laughter] Ah, just use proton mail or something. I'm not sure what that equally unfair. [laughter] Right. So, let me just get back to your question. You know, ethical investing and all this. I'm not sure what you mean by ethical investing. If you mean the Sharia compliant version, that's what I'm taking this question to mean that there's an Islamic corporation that does Islamic compliant investments.

You know, I okay to some extent I could understand if that means if because this could have a follow it could kind of branch off again into two it has this two-tail approach. One is they will not invest in corporations that are unethical uh in the sense that they um so for example they won't invest in things to do with weapons.

They won't invest in things which are spreading pollution. They won't invest in let's just say this is your approach. This is what you mean. Then I feel that doesn't have to really be called Sharia compliant. You could just call it more humane. uh investing, ethical investing. You could just call it ethical investing. You don't need to call it Islamic investing. Uh it's not necessarily Islamic. It's just being a very good human being. Uh so that I would say that's absolutely fine and I commend you.

I don't know if I would have uh such uh you know heightened ethics to think that far ahead of where all the investments are going and are they contributing to pollution or are they contribute but I commend your you know your your thinking if that's how you you mean if that's what you mean by this question the other way is oh it's to avoid ribba this concept of interest so Somehow this investment company says that we do it without any element of interest.

We've got some kind of a loophole. We go around. We reword this to mean this. We reword that to mean that. And now it's not ria. This I find absurd. And I would say I'd rather just go with regular people. You know, look, God is not a fool. Okay? Either you believe that is ribba or you believe it isn't. You see, now I don't believe those things are ribba of the Quran.

I have a whole video explaining how the ribba of the Quran was specific to this kind of brutal loan sharky. That's all, not to the modern day banking system. Even though this may be cruel as well in some aspects, but it doesn't measure up to that. You see, look, cruelty is a spectrum. Okay? There's there's there, you know, I'm not I'm sure all of it can be wrong or can be bad, but some is worse than others.

You know, assault is is a spectrum. So, if I get a piece of paper and I throw it at you, that it hits you, that's technically assault. you know taking a knife to someone and and cutting them up is assault but these are of a huge different I mean all assault is wrong but some is worse than others so to say that well you know look banking is is bad like the ethics with it's all about money money it is because it's banking duh but uh you know they want interest and they want this and

that's true but this is not the ribba of the Quran. So I don't believe that this is the ribba of the Quran. Mortgages are permissible. You want a mortgage, you want a loan, you can take it. That this interest system, as not good as it is, is not the ribba of the Quran. I've got a detailed video. You can watch it. It's on YouTube. However, if I did believe it's ribba, let's say I did believe it is ribba of the Quran, then why am I taking God to be a fool?

You know this is why I imam Malik was so against this healed system this kind of like let's create loopholes around God. He he he used to get so annoyed with it and so like he would condemn it so harshly that that what the hell is this you know like look either you recognize with muslah that's why I im Malik had muslah he had this thing that look today such and such thing demands ease so we will make an exemption from this ruling we will dergate we move away from the ruling based on this welfare but we're being open about it you know Imam Malik

said, "Oh, like let's say people um they uh a woman gets married." This this is actual fatwa in Immalik's time that uh the that's um you get this sorry I'm just trying to why is this gone all blurry right so uh you get this sorry from the Maliki madhab that women for their wedding would spend an excess amount of uh relatively for their age money on doing up their hair and doing up all these things that and the wedding lasted for like seven days.

Um, sorry, not the the actual wedding ceremony, the fest the festive element, the celebration lasted for a week. So, if she was to wash and everything, like fully bathe properly, wash her hair, it would ruin everything. So, there was a ruling, there's a ritual, let's say, bathing, but you derate it. They say, "Okay, it doesn't apply here. You based on the welfare like this." There's many rulings that the Malakia made based on welfare.

They said that the ruling doesn't apply here. But what some of the madabs would do like the hanafi mab is they would try to create loopholes. So they change this name, they change this, they change this and they do a loophole around God. And the thing is that God ain't stupid. Yeah. You know, if you believe that's what he said, then why are you taking the mick? [laughter] You know, it's just I honestly I I'm amused at this at the clergy.

You know, they will mock people. They will mock me. Yeah. Ridicule me for saying, "Look at him. He's a deviant. Look what he looks like. Look how he says this is halal. That is halal." Yet they will all get together and they will do things like try to create these ribba. They will teach people ribba is haram. And then they will say, "Okay, here's a loophole around it." And it's like, "God, [laughter] it's okay.

God doesn't get it." [laughter] They're like, "Sh, God doesn't understand what they're up to. Your clergy." So, this is why I I I I can't understand this stuff. You know, you get people like I know he's very respected, but you get people like Muakis, you know, he he's one of the the founding fathers of all this.

is one of the key pioneers of all this halal financing. Not to mention, and I'm just saying it honestly, look, I I respect him for the the good stuff and his commitment to the dean and to knowledge. Respect that. But let's be honest, he got paid a very handsome paycheck by the corporations worldwide, by the banks worldwide, a huge corporation check to pass on on that thing, which he did. He came toured around the UK and Europe for several years.

He had a huge monetary payout. Huge for being the face of this financing thing. And what did he do after 7 years? He retreated, put his son in place. His son now is one of the key figures on this. And then he wrote a little article somewhere saying, "Oh, I'm not so sure about it being halal. I kind of backtracked now." you know, like, okay, you backtrack now even though your son's still the head of the but you know, you you rad in literally, you know, I mean, we're talking huge huge amounts of money.

So, and yet they will then say that's okay. You know, you can God's stupid enough to not realize what we're doing. We'll teach people this is haram. God will punish you by the hellfire for doing this. But obviously we're more intelligent by creating this loophole. And oh, but if you shave your beard, you're you're going to hell. [laughter] Ah, your human intelligence.

[laughter] See, this is why I get fed up with the clergy and with the institutionalization that we have today because it's not sincere. It's not sincere. It's all, you know, in the words of, [laughter] you know, it's all for sale, man. It's all for sale. But yeah, right. Let's move on.

So, Le is a Sunni, Shia, Sufi, Salafi. I'm Sunni. Of course, I'm Sunni. Yeah, I'm Sunni. I Sunni. I'm Sunni. I'm Maliki. Um, that's it really. [snorts] Somebody said Muy drink something cold. Look, I've got my Hi. Hi. H highi h highi