Wisdom behind Prohibition of Riba (Interest)
https://www.youtube.com/watch?v=CCb6uFBjkYY
{file:content.php} {function:blp_getCustomField} {postID:18525} {customField:theClapCount} {default:0}not-in-use-in-plain-child
Category: Featured, Life & Society, Videos Topics: Economy, Interest (Riba), Islamic Finance Views: {file:content.php} {function:blp_getCustomField} {postID:18525} {customField:ic-view-count}4194
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.
Advertisement
Published on Nov 26, 2017
( Source: Islamic Finance Clinic by Almir Colan )
Category: Featured, Life & Society, Videos
Topics: Economy, Interest (Riba), Islamic Finance
Views:4194
Topics: Economy, Interest (Riba), Islamic Finance
Views:4194
{file:content.php} {function:blp_getPosts_FAST()} {theNext:true} {taxonomy:post_tag} {terms:economy OR interest-riba OR islamic-finance} {count:12} {taxonomy2:category} {terms2:featured} {about:content.php/blp_getPosts_FAST()} {unwanted:18525} {randomize:1}
Largest Economies Ranked: Data from 1580 to 2025
The Islamic Case for Bitcoin
How Has Islamic Finance Evolved as a System of Justice and Ethical Prosperity?
12 Lessons on Waqf for Social Impact
Elon Musk Shocks the Deep State
Philippines Path to Islamic Finance: Balancing Religion and Law
From U.S. Dominance to Emerging Powers: A Global Economic Shift
UN Chief to Attend Upcoming BRICS Summit
Pakistan’s Massive Oil Discovery Impact
What are Halal Mortgages?
Most Powerful Companies on Earth (tier list)
August 5 in retrospect: A narrow escape from total surrender to autocracy
Related Suggestions
a:19:{s:8:"theTitle";s:48:"Largest Economies Ranked: Data from 1580 to 2025";s:12:"thePermalink";s:82:"https://www.islamicity.org/104638/largest-economies-ranked-data-from-1580-to-2025/";s:13:"theAuthorName";s:17:"Data Is Beautiful";s:12:"theThumbnail";s:56:"https://img.youtube.com/vi/M99vejNVngI/maxresdefault.jpg";s:6:"isWhat";s:5:"video";s:7:"theIcon";s:33:"";s:8:"theEmbed";s:43:"https://www.youtube.com/watch?v=M99vejNVngI";s:11:"theCategory";s:44:"cannot-retrieve-category-see-cell-part-1.php";s:6:"theTag";s:23:"economy|/topics/economy";s:7:"theDate";s:10:"May 4 2025";s:11:"theDate_ORG";s:11:"May 4, 2025";s:9:"theAuthor";s:43:"Data Is Beautiful|/source/data-is-beautiful";s:5:"theID";i:104638;s:14:"theReadingTime";s:6:"7 min.";s:10:"theExcerpt";s:107:"In this video, I ranked the world's leading economies over time (from 1580 to 2025) using Nominal GDP data.";s:12:"theTitle_ORG";s:48:"Largest Economies Ranked: Data from 1580 to 2025";s:25:"processRelatedFacetsTitle";s:0:"";s:15:"whereItCameFrom";s:82:"content.php & related posts > post_tag=economy OR interest-riba OR islamic-finance";s:8:"theFacet";s:0:"";}
Largest Economies Ranked: Data from 1580 to 2025
a:19:{s:8:"theTitle";s:28:"The Islamic Case for Bitcoin";s:12:"thePermalink";s:63:"https://www.islamicity.org/102545/the-islamic-case-for-bitcoin/";s:13:"theAuthorName";s:12:"Harris Irfan";s:12:"theThumbnail";s:56:"https://img.youtube.com/vi/-4CMBsSnPZw/maxresdefault.jpg";s:6:"isWhat";s:5:"video";s:7:"theIcon";s:33:"";s:8:"theEmbed";s:43:"https://www.youtube.com/watch?v=-4CMBsSnPZw";s:11:"theCategory";s:44:"cannot-retrieve-category-see-cell-part-1.php";s:6:"theTag";s:23:"economy|/topics/economy";s:7:"theDate";s:11:"Apr 28 2025";s:11:"theDate_ORG";s:40:"August 28, 2024 {wpcf-soft-date engaged}";s:9:"theAuthor";s:29:"Harris Irfan|/by/harris-irfan";s:5:"theID";i:102545;s:14:"theReadingTime";s:7:"12 min.";s:10:"theExcerpt";s:147:"Welcome to Islamic Case for Bitcoin by Harris Irfan, a compelling exploration of Bitcoin through the lens of Islamic finance and Sharia compliance.";s:12:"theTitle_ORG";s:28:"The Islamic Case for Bitcoin";s:25:"processRelatedFacetsTitle";s:0:"";s:15:"whereItCameFrom";s:82:"content.php & related posts > post_tag=economy OR interest-riba OR islamic-finance";s:8:"theFacet";s:0:"";}
The Islamic Case for Bitcoin
a:19:{s:8:"theTitle";s:78:"How Has Islamic Finance Evolved as a System of Justice and Ethical Prosperity?";s:12:"thePermalink";s:112:"https://www.islamicity.org/102749/how-has-islamic-finance-evolved-as-a-system-of-justice-and-ethical-prosperity/";s:13:"theAuthorName";s:15:"Mohamed Chtatou";s:12:"theThumbnail";s:82:"https://media.islamicity.org/wp-content/uploads/2024/09/Islamic-Finance-scaled.jpg";s:6:"isWhat";s:7:"article";s:7:"theIcon";s:0:"";s:8:"theEmbed";s:0:"";s:11:"theCategory";s:44:"cannot-retrieve-category-see-cell-part-1.php";s:6:"theTag";s:47:"islamic law (sharia)|/topics/islamic-law-sharia";s:7:"theDate";s:11:"Apr 27 2025";s:11:"theDate_ORG";s:43:"September 20, 2024 {wpcf-soft-date engaged}";s:9:"theAuthor";s:35:"Mohamed Chtatou|/by/mohamed-chtatou";s:5:"theID";i:102749;s:14:"theReadingTime";s:7:"66 min.";s:10:"theExcerpt";s:186:"Islamic finance during the time of the Prophet Muhammad ﷺ was characterized by real transactions such as sale on credit and renting, rather than through modern banking systems, w......";s:12:"theTitle_ORG";s:78:"How Has Islamic Finance Evolved as a System of Justice and Ethical Prosperity?";s:25:"processRelatedFacetsTitle";s:0:"";s:15:"whereItCameFrom";s:82:"content.php & related posts > post_tag=economy OR interest-riba OR islamic-finance";s:8:"theFacet";s:0:"";}
How Has Islamic Finance Evolved as a System of Justice and Ethical Prosperity?
a:19:{s:8:"theTitle";s:36:"12 Lessons on Waqf for Social Impact";s:12:"thePermalink";s:71:"https://www.islamicity.org/101109/12-lessons-on-waqf-for-social-impact/";s:13:"theAuthorName";s:15:"Rushdi Siddiqui";s:12:"theThumbnail";s:78:"https://media.islamicity.org/wp-content/uploads/2025/04/12-lessons-on-waqf.jpg";s:6:"isWhat";s:7:"article";s:7:"theIcon";s:0:"";s:8:"theEmbed";s:0:"";s:11:"theCategory";s:44:"cannot-retrieve-category-see-cell-part-1.php";s:6:"theTag";s:17:"waqf|/topics/waqf";s:7:"theDate";s:11:"Apr 16 2025";s:11:"theDate_ORG";s:38:"April 3, 2024 {wpcf-soft-date engaged}";s:9:"theAuthor";s:35:"Rushdi Siddiqui|/by/rushdi-siddiqui";s:5:"theID";i:101109;s:14:"theReadingTime";s:7:"22 min.";s:10:"theExcerpt";s:186:"
‘People were born in waqf property, educated in waqf schools, worked in waqf enterprises, received medical treatment in waqf hospitals and were buried in waqf lands’ Ottoma......";s:12:"theTitle_ORG";s:36:"12 Lessons on Waqf for Social Impact";s:25:"processRelatedFacetsTitle";s:0:"";s:15:"whereItCameFrom";s:82:"content.php & related posts > post_tag=economy OR interest-riba OR islamic-finance";s:8:"theFacet";s:0:"";}
12 Lessons on Waqf for Social Impact
a:19:{s:8:"theTitle";s:31:"Elon Musk Shocks the Deep State";s:12:"thePermalink";s:66:"https://www.islamicity.org/103359/elon-musk-shocks-the-deep-state/";s:13:"theAuthorName";s:8:"Redacted";s:12:"theThumbnail";s:56:"https://img.youtube.com/vi/fVoiSrFVW_4/maxresdefault.jpg";s:6:"isWhat";s:5:"video";s:7:"theIcon";s:33:"";s:8:"theEmbed";s:43:"https://www.youtube.com/watch?v=fVoiSrFVW_4";s:11:"theCategory";s:44:"cannot-retrieve-category-see-cell-part-1.php";s:6:"theTag";s:23:"economy|/topics/economy";s:7:"theDate";s:11:"Nov 12 2024";s:11:"theDate_ORG";s:42:"November 11, 2024 {wpcf-soft-date engaged}";s:9:"theAuthor";s:25:"Redacted|/source/redacted";s:5:"theID";i:103359;s:14:"theReadingTime";s:7:"15 min.";s:10:"theExcerpt";s:122:"Federal Reserve Chair Jerome Powell was asked last week if he would step aside if asked to do so by President Elect Trump.";s:12:"theTitle_ORG";s:31:"Elon Musk Shocks the Deep State";s:25:"processRelatedFacetsTitle";s:0:"";s:15:"whereItCameFrom";s:82:"content.php & related posts > post_tag=economy OR interest-riba OR islamic-finance";s:8:"theFacet";s:0:"";}
Elon Musk Shocks the Deep State
a:19:{s:8:"theTitle";s:63:"Philippines Path to Islamic Finance: Balancing Religion and Law";s:12:"thePermalink";s:97:"https://www.islamicity.org/103170/philippines-path-to-islamic-finance-balancing-religion-and-law/";s:13:"theAuthorName";s:20:"Alizaman D. Gamon+..";s:12:"theThumbnail";s:132:"https://media.islamicity.org/wp-content/uploads/2024/10/Close-Up-Of-Rosary-Beads-With-Coins-And-Text-Blocks-In-Wooden-Box-scaled.jpg";s:6:"isWhat";s:7:"article";s:7:"theIcon";s:0:"";s:8:"theEmbed";s:0:"";s:11:"theCategory";s:44:"cannot-retrieve-category-see-cell-part-1.php";s:6:"theTag";s:39:"Islamic Finance|/topics/islamic-finance";s:7:"theDate";s:11:"Oct 27 2024";s:11:"theDate_ORG";s:41:"October 27, 2024 {wpcf-soft-date engaged}";s:9:"theAuthor";s:41:"Alizaman D. Gamon+..|/by/alizaman-d-gamon";s:5:"theID";i:103170;s:14:"theReadingTime";s:7:"19 min.";s:10:"theExcerpt";s:128:"Global support and demand for Islamic finance have been on the rise among international investors and renowned economic experts.";s:12:"theTitle_ORG";s:63:"Philippines Path to Islamic Finance: Balancing Religion and Law";s:25:"processRelatedFacetsTitle";s:0:"";s:15:"whereItCameFrom";s:82:"content.php & related posts > post_tag=economy OR interest-riba OR islamic-finance";s:8:"theFacet";s:0:"";}
Philippines Path to Islamic Finance: Balancing Religion and Law
a:19:{s:8:"theTitle";s:63:"From U.S. Dominance to Emerging Powers: A Global Economic Shift";s:12:"thePermalink";s:96:"https://www.islamicity.org/103129/from-u-s-dominance-to-emerging-powers-a-global-economic-shift/";s:13:"theAuthorName";s:17:"Siraj Islam Mufti";s:12:"theThumbnail";s:87:"https://media.islamicity.org/wp-content/uploads/2024/10/Islamic-finance-and-economy.jpg";s:6:"isWhat";s:7:"article";s:7:"theIcon";s:0:"";s:8:"theEmbed";s:0:"";s:11:"theCategory";s:44:"cannot-retrieve-category-see-cell-part-1.php";s:6:"theTag";s:29:"world bank|/topics/world-bank";s:7:"theDate";s:11:"Oct 25 2024";s:11:"theDate_ORG";s:41:"October 24, 2024 {wpcf-soft-date engaged}";s:9:"theAuthor";s:39:"Siraj Islam Mufti|/by/siraj-islam-mufti";s:5:"theID";i:103129;s:14:"theReadingTime";s:7:"20 min.";s:10:"theExcerpt";s:103:"Today the U.S. is the World’s largest economy and a leadership position in various international i...";s:12:"theTitle_ORG";s:63:"From U.S. Dominance to Emerging Powers: A Global Economic Shift";s:25:"processRelatedFacetsTitle";s:0:"";s:15:"whereItCameFrom";s:82:"content.php & related posts > post_tag=economy OR interest-riba OR islamic-finance";s:8:"theFacet";s:0:"";}
From U.S. Dominance to Emerging Powers: A Global Economic Shift
a:19:{s:8:"theTitle";s:40:"UN Chief to Attend Upcoming BRICS Summit";s:12:"thePermalink";s:75:"https://www.islamicity.org/103013/un-chief-to-attend-upcoming-brics-summit/";s:13:"theAuthorName";s:20:"The Global Narrative";s:12:"theThumbnail";s:56:"https://img.youtube.com/vi/euBwc4M-HBc/maxresdefault.jpg";s:6:"isWhat";s:5:"video";s:7:"theIcon";s:33:"";s:8:"theEmbed";s:43:"https://www.youtube.com/watch?v=euBwc4M-HBc";s:11:"theCategory";s:44:"cannot-retrieve-category-see-cell-part-1.php";s:6:"theTag";s:55:"international relations|/topics/international-relations";s:7:"theDate";s:11:"Oct 13 2024";s:11:"theDate_ORG";s:41:"October 14, 2024 {wpcf-soft-date engaged}";s:9:"theAuthor";s:49:"The Global Narrative|/source/the-global-narrative";s:5:"theID";i:103013;s:14:"theReadingTime";s:7:"19 min.";s:10:"theExcerpt";s:117:"This video delves into the significance of the UN Chief's attendance at the upcoming BRICS Summit on 22 October 2024.";s:12:"theTitle_ORG";s:40:"UN Chief to Attend Upcoming BRICS Summit";s:25:"processRelatedFacetsTitle";s:0:"";s:15:"whereItCameFrom";s:82:"content.php & related posts > post_tag=economy OR interest-riba OR islamic-finance";s:8:"theFacet";s:0:"";}
UN Chief to Attend Upcoming BRICS Summit
a:19:{s:8:"theTitle";s:41:"Pakistan’s Massive Oil Discovery Impact";s:12:"thePermalink";s:73:"https://www.islamicity.org/102945/pakistans-massive-oil-discovery-impact/";s:13:"theAuthorName";s:11:"Strait Talk";s:12:"theThumbnail";s:56:"https://img.youtube.com/vi/FRR_tzLmy_8/maxresdefault.jpg";s:6:"isWhat";s:5:"video";s:7:"theIcon";s:33:"";s:8:"theEmbed";s:43:"https://www.youtube.com/watch?v=FRR_tzLmy_8";s:11:"theCategory";s:44:"cannot-retrieve-category-see-cell-part-1.php";s:6:"theTag";s:15:"oil|/topics/oil";s:7:"theDate";s:11:"Oct 10 2024";s:11:"theDate_ORG";s:40:"October 9, 2024 {wpcf-soft-date engaged}";s:9:"theAuthor";s:31:"Strait Talk|/source/strait-talk";s:5:"theID";i:102945;s:14:"theReadingTime";s:7:"13 min.";s:10:"theExcerpt";s:108:"A blue-water economy. That's how Pakistani officials are describing the major oil and gas deposits f...";s:12:"theTitle_ORG";s:41:"Pakistan’s Massive Oil Discovery Impact";s:25:"processRelatedFacetsTitle";s:0:"";s:15:"whereItCameFrom";s:82:"content.php & related posts > post_tag=economy OR interest-riba OR islamic-finance";s:8:"theFacet";s:0:"";}
Pakistan’s Massive Oil Discovery Impact
a:19:{s:8:"theTitle";s:25:"What are Halal Mortgages?";s:12:"thePermalink";s:59:"https://www.islamicity.org/102728/what-are-halal-mortgages/";s:13:"theAuthorName";s:15:"Shariq Siddiqui";s:12:"theThumbnail";s:82:"https://media.islamicity.org/wp-content/uploads/2024/09/halal-mortgages-scaled.jpg";s:6:"isWhat";s:7:"article";s:7:"theIcon";s:0:"";s:8:"theEmbed";s:0:"";s:11:"theCategory";s:44:"cannot-retrieve-category-see-cell-part-1.php";s:6:"theTag";s:41:"american muslims|/topics/american-muslims";s:7:"theDate";s:11:"Sep 18 2024";s:11:"theDate_ORG";s:43:"September 17, 2024 {wpcf-soft-date engaged}";s:9:"theAuthor";s:35:"Shariq Siddiqui|/by/shariq-siddiqui";s:5:"theID";i:102728;s:14:"theReadingTime";s:6:"6 min.";s:10:"theExcerpt";s:125:"The growth of “halal mortgages” over the past 20 years has expanded financial access to homeownership for many Muslims.";s:12:"theTitle_ORG";s:25:"What are Halal Mortgages?";s:25:"processRelatedFacetsTitle";s:0:"";s:15:"whereItCameFrom";s:82:"content.php & related posts > post_tag=economy OR interest-riba OR islamic-finance";s:8:"theFacet";s:0:"";}
What are Halal Mortgages?
a:19:{s:8:"theTitle";s:44:"Most Powerful Companies on Earth (tier list)";s:12:"thePermalink";s:77:"https://www.islamicity.org/102641/most-powerful-companies-on-earth-tier-list/";s:13:"theAuthorName";s:12:"Aaron Watson";s:12:"theThumbnail";s:56:"https://img.youtube.com/vi/4_D_BC89wxM/maxresdefault.jpg";s:6:"isWhat";s:5:"video";s:7:"theIcon";s:33:"";s:8:"theEmbed";s:43:"https://www.youtube.com/watch?v=4_D_BC89wxM";s:11:"theCategory";s:44:"cannot-retrieve-category-see-cell-part-1.php";s:6:"theTag";s:21:"wealth|/topics/wealth";s:7:"theDate";s:11:"Sep 10 2024";s:11:"theDate_ORG";s:42:"September 9, 2024 {wpcf-soft-date engaged}";s:9:"theAuthor";s:33:"Aaron Watson|/source/aaron-watson";s:5:"theID";i:102641;s:14:"theReadingTime";s:7:"32 min.";s:10:"theExcerpt";s:186:"In this video, Aaron Watson ranks the world's most powerful companies and dissecting the source of their immense influence.
Companies include; Meta, the social media titan that ......";s:12:"theTitle_ORG";s:44:"Most Powerful Companies on Earth (tier list)";s:25:"processRelatedFacetsTitle";s:0:"";s:15:"whereItCameFrom";s:82:"content.php & related posts > post_tag=economy OR interest-riba OR islamic-finance";s:8:"theFacet";s:0:"";}
Most Powerful Companies on Earth (tier list)
a:19:{s:8:"theTitle";s:73:"August 5 in retrospect: A narrow escape from total surrender to autocracy";s:12:"thePermalink";s:107:"https://www.islamicity.org/102552/august-5-in-retrospect-a-narrow-escape-from-total-surrender-to-autocracy/";s:13:"theAuthorName";s:18:"Md. Mahmudul Hasan";s:12:"theThumbnail";s:83:"https://media.islamicity.org/wp-content/uploads/2024/08/bangladesh-union-scaled.jpg";s:6:"isWhat";s:7:"article";s:7:"theIcon";s:0:"";s:8:"theEmbed";s:0:"";s:11:"theCategory";s:44:"cannot-retrieve-category-see-cell-part-1.php";s:6:"theTag";s:29:"bangladesh|/topics/bangladesh";s:7:"theDate";s:11:"Aug 29 2024";s:11:"theDate_ORG";s:40:"August 29, 2024 {wpcf-soft-date engaged}";s:9:"theAuthor";s:40:"Md. Mahmudul Hasan|/by/md-mahmudul-hasan";s:5:"theID";i:102552;s:14:"theReadingTime";s:6:"8 min.";s:10:"theExcerpt";s:56:"I have lived outside Bangladesh for roughly two decades.";s:12:"theTitle_ORG";s:73:"August 5 in retrospect: A narrow escape from total surrender to autocracy";s:25:"processRelatedFacetsTitle";s:0:"";s:15:"whereItCameFrom";s:82:"content.php & related posts > post_tag=economy OR interest-riba OR islamic-finance";s:8:"theFacet";s:0:"";}
August 5 in retrospect: A narrow escape from total surrender to autocracy
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.
2019-04-23
