Wisdom behind Prohibition of Riba (Interest)

By: Almir Colan    Feb 8, 2019 1 Comment

Category: Featured, Life & Society, Videos Topics: Economy, Interest (Riba), Islamic Finance Views: 3241
3241

One of the miracles of Islam are the rules of riba (interest, usury). Many students who for the first-time study these rules think they are a burden to the economy and question wisdom to why we exchange money for money in equal amounts and on the spot. Sometimes even ask if there is a place for such restrictions in a modern economy?

In this video, the power of Islamic economic principles is analyzed regarding the ban on riba by looking at the root causes of the Global Financial Crisis.

Published on Nov 26, 2017

( Source: Islamic Finance Clinic by Almir Colan )

  Category: Featured, Life & Society, Videos
  Topics: Economy, Interest (Riba), Islamic Finance
Views: 3241

Related Suggestions

Loss of Human Dignity Leads to Nations’ Downfall
Creating Classes Based on Wealth Shatters Humanity
Forgotten Miracle in Islamic Economic System
Interest-free Economics Based on the Quran
Riba (Usury)
Free Market Illusions: What is America's Endgame in China? 
What Is the Islamic Guideline of Investments?
Takaful in Islamic Perspective
The Price of Piety in Islam
Coronavirus: Confirmed Global Cases Pass 1 Million
COVID-19: The Importance of Home
COVID-19: The Sobering Statistics
 
COMMENTS DISCLAIMER & RULES OF ENGAGEMENT
The opinions expressed herein, through this post or comments, contain positions and viewpoints that are not necessarily those of IslamiCity. These are offered as a means for IslamiCity to stimulate dialogue and discussion in our continuing mission of being an educational organization. The IslamiCity site may occasionally contain copyrighted material the use of which may not always have been specifically authorized by the copyright owner. IslamiCity is making such material available in its effort to advance understanding of humanitarian, education, democracy, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law.


In accordance with Title 17 U.S.C. Section 107, and such (and all) material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.

Older Comments:
KASHMAN316 said:
SubhanAllah , What an amazingly good explanation. May Allah reward the brother for providing such an easy understanding of such a pivotal part of our deen.
()