Can any Muslim clarify how can a Bank survive without collecting interest and paying loan? No Bank can survive like this. Islamic Banks also collect interest on loan, but they call it as profit. Nothing but fooling innocent.
Islamic banks donot give loans on intrests rather they do business for example they buy cars and sell them on installments , they buy hones and sell on instalments
@@lioness9039 To paraphrase Batman: It is not what you believe what defines you but what you do. And ny dear friend what Islam is doing right now in the world, beheadings, threats, force conversion, pedo inspirations, caos on the west, being crybabys for some cartoons etc, has made it quite unpopular in the non muslim world. Best thing you can do is to contribute to Islam reform.
@Bouraq Taqqiya Islam has a monotheistic (belief in one God) message. The followers of Islam, Muslims, believe in one God, Allah, and believe Muhammad is His prophet. They also believe Adam, is the first prophet...
Make video on Halal Certification on even vegetarian items even Ayurvedic medicine like Company Organic labels Halal on Tulsi Capsule bottle .... its seriously increasing ....
Personally, I don't have a problem with alternate modes of Banking. But I've been hearing only negative aspects about this ever since it came out. It seems to have failed even in Bangladesh, Indonesia and Saudi. So no point in implementing a Failed system of Banking.
failed? really? any example? here's one, in Indonesia shariah asset has a 15% y.o.y. growth compared to conventional banking assets which only has 4% y.o.y. growth if your main sources are only "I've been hearing"s, then personally, I don't have to listen to your opinion
Lebouf? Must be another French Macaroni...no, in Islam if you can't pay you re negotiate the payment. You are only prosecuted if you commit a crime intentionally despite having the means of not doing it. A wonderful religion and its rules.
The number of times "Mulla" word is used here in this video, itself speaks the intention of the video. Get well soon Mr. Tarek ( or howsoever you spell it).
There are several Islamic banking products. The closest to being totally Sharia complaint is Musharakah (which is partnership). Mudharabah on the borderline. One thing for sure is that Islamic Banking can fully function only in an Islamic state where the laws guiding finances of the state as well as Islamic banking are well laid out. The interest based banks are no saints despite all the regulations surrounding them. In the event of default, the interest based banks apply penal interest, late fees, etc. Credit cards are the worst culprits in this Riba issue. There are no "mullas" on the boards of Islamic banks nor have I ever seen any "mulla" marketing Islamic Banking services on the lines the presenter has said. The presenter should leave his prejudices against the Islamic banking and his prejudice for the interest based (I would still prefer to call it Riba) banks. He should go through BOTH the systems of banking and give a balanced COMPARISON rather than blanket condemnation of Islamic banking. People who have worked in both the systems find the presentation largely slanted. Waiting for the presenter's next presentation giving an honest and balanced COMPARISON of the 2 banking systems.
There are always Islamic scholars and some Muftis on the sharia boards. There are lots of them advocating Islamic finance like Taqi Usmani. Look at a publication like Islamic Markets. For me I have no problem if Muslims really want to deal this way. But to pressure them into dealing with more expensive Islamic banks because of a religious obligation is not right. Riba from the time of the prophet is not the same as interest in modern markets.
@@roberthannah7983 I have worked in Banks all my life, in both Riba based banks and Islamic Banks at a senior level. I am thoroughly familiar with both modes of financing, all the banking products provided by both these modes of banking. When we are marketing for new relationships we do inform the client of the advantages of Islamic concepts. No coercion. There are no scholars on any board. The Islamic finance guidelines are provided by a panel whose expertise strides economics, finance, and principles of Islamic laws relating to trade and finance.
@@mahasham4759 My (andTariq Fatah's) issue then is not with a bank such as yours, but with neorevivalist Islamic scholars (the majority) who tell devout Muslims they will face war from Allah and his messenger if they deal in riba. So they must deal with an Islamic bank whose loan and deposit business as riba free. This is a type of exploitation, that is Fatah's point. But surely you are familiar with the sharia board structure in the industry - for example Usmani lists the following ... "He is also chairman of the Shariah Supervisory Boards of Guidance Residential Financial Group, U.S.; Saudi American Bank, Jeddah; and Citi Islamic Investment Bank, Bahrain; vice chairman of the Shariah Supervisory Board of Abu Dhabi Islamic Bank; and member of the Shariah Supervisory Boards of Al-Baraka Group, Jeddah; First Islamic Investment Bank, Bahrain; and the Islamic Unit of the United Bank of Kuwait, among others." (from Guidance residential)
@@roberthannah7983 Basic tenet of Islam: Whoever wishes may believe and whoever wishes may reject Guidance. This is concerning the bases of Islam applicable to all Muslims. If you are rich and want to do business do it from your own sources. Markets are NEVER constant. If tomorrow the market changes you are badly hit and your business suffers. Banks look for the ideal gearing ratio of 1:1 i.e. for every one dollar of outside funds in your business (including trade payables) your money in the business is one dollar. BUT not a single bank borrower maintains this ratio. If you have been managing the business within your own resources you can absorb the shock. If you are heavily indebted to a bank you are unable to meet your instalments. Default means penal interest, late fees and other charges. At least in Islamic banking the profit rate is fixed and doesn't change in case of default. Today you incur debt for business expansion and tomorrow you pass away your children inherit the debt which they may or may not be able to manage. The entire work of your life collapses. The worst thing invented by Riba mongers is the credit card, interest on interest on interest, multiplied as the period passes. Fatah's script writer does not give you the entire story of each side of lending, doesn't give you pros and cons of each side. Totally one sided - against Islamic banking which he says is exploiting Muslims. The Riba banks are no better, albeit worse in terms of additional and penal charges. We human beings are "enterprising" creatures or in simple words full of greed. We want our business to stretch to the horizons once we get a little bit of success. We have to avoid this greed and manage things within the few extra coins we possess. If you have some surplus you invest it with someone who has the capability but lacks the resources. Over a period that person becomes self sufficient and is capable of giving Zakaat. And then there is one more available investors. The cycle continues. Call it an overambitious idea, but this is for the general good of the society as a whole. Get rid of GREED and we have a healthy economic environment in the society.
@@mahasham4759 I appreciate you sharing your views more fully and agree with much of what you say. Gearing - yes a 1:1 debt equity ratio is reasonable, I think you will find startups and smaller tech companies have less debt than that. Large stable consumer goods, real estate and utility companies with stable revenue can support more debt. And on the investment side insurance companies and pension funds need lots of fixed income securities in their portfolios. This is where I think modern risk management has gone far beyond the Islamic narrative of "risk sharing' (not found to my knowledge in the Ωuran or the sunnah). But of course modern risk management failed miserably in 2007-08. I do think Islamic finance has useful things to say, like tying finance more closely to the real economy and discouraging the excessive use of debt. I agree credit card interest rates are exorbitant. I would have no problem calling them riba. Greed and entrepreneurship - two sides of a coin. We need these enterprising profit driven people to generate business innovation and wealth, but sometimes they go outside the law and common standards of fairness - something like harnessing wild horses. But then we need to look at the distribution of the wealth generated. I dont thnk we can rely on the good will of people to pay zakat - we need progressive taxation, health care and social support services of governments as well as charities and NGOs to support the less fortunate.
Sir u were in the process of writing ur new book!! Please do so ! Waiting for that book! I really appreciate ur hard work and commitment towards ur cause! Waiting for ur talk shows to start again!!
Around the world, many people are beginning to see that the principles of Islamic banking are sometimes more attractive than those of conventional financial services
You know thousands of farmers and poor people are being forced to commit suicide because of the debts they accrued through the interest based banking in India. The wealthy money holders are multiplying money making use of our banking system. Needs are created and society is being transformed at a greater pace in the modern society. The poor are getting crushed in these frantic situation. There is no such serious economic problems or alarming suicide due to economic debts in islamic countries. People are running on Islam for making interest haram. But even with this much economic development and educational and technological base why our country is lacking happiness and remain poor. It is just through this cumulative interest banking system these people are being tapped their wealth. Our system has made that legal and you are also justifying this exploitation.
Islamic banks just put a deferred markup on a loan, same as interest or more expensive. But its not easy for farmers to get finance, I agree. But look at what has happened in India in the last 20 - 30 years - amazing growth and many have left poverty in the system you criticize. Surely that is a good thing, the next job is to correct the inequities.
Riba means you shouldn't charge interest. If you do that's their problem Muslims just wants peace of mind. If anybody exploit the system. They will carry it on their shoulders.
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What I believe is taking interest is haram, for eg if I pay 10,000/- rupees to someone for a year and take 1,000/- interest per month, so after a year I'll get 12,000/- as interest and 10,000/- actual amt total 22,000/- that is haraam, no matter what name I give it arabic or urdu.
Your shows are always full of information based on reality people choose to ignore. I really like the unapologetic attitude you have sir. Very Inspiring.. I like your debate shows❤️
Can't believe that a hindu teaching us about Islamic finance. First of all you need to learn Arabic and we are not stupid because we have have hadith of dealing with finance
Hindus or other non-Muslims know concepts of Islam better than a Muslim, seriously. A Muslim has a fear in mind (filled by Mullas) that if he/she questions Islam, he/she will be beheaded (as a punishment) by an Islamic Extremist. Every good thing is "haraam" in Islam, but not Terrorism ? What rubbish!
Halal means only muslims employed from production to distribution. That means no employment to non muslims. And halal certifications are issued annually by islamic org like jamat e islami who funds jihad in Kashmir majorly. They also invest halal certification fees to settle rohingyas and bangladesi and even Indian muslims at strategic location like chicken neck to change the demography.
Islamic banking is based on the core principles of sharia law and, owing to its principled approach and high value proposition, nevertheless, it has gained popularity beyond the market of practising Muslims. Islamic banking offers a plethora of products for customers or investors looking to participate. However, defined by a ‘real and rooted’ approach, with a focus on assets, it avoids the excessive complexity and ambiguity of some conventional products. For example, Islamic banking embraces risk-sharing as opposed to risk-transfer. In an Islamic finance (Islamic mortgage) and based on the Murabaha structure, the bank takes the responsibility of purchasing the item and re-selling it to the buyer at a profit. This arrangement enables the buyer to repay the bank in instalments. The bank protects itself against default by asking for strict collateral.
I agree with you that in global markets conventional products have become excessively complex and ambiguous and removed from the real economy, which some scholars have noted (this is their own thinking, there is no reference to this in the Quran or Sunnah!) But if I am a small depositor in a bank I dont have the time or ability to analyze the bank's creditworthiness. I dont want to share the risk of the bank - that is a silly idea. I want my deposit to be secure and earn a little interest. If I want to invest in risky venture capital, I will do so separately. Neorevivalist Islamic scholars (the majority) tell devout Muslims they will face war from Allah and his messenger if they deal in riba. So they must deal with an Islamic bank with a sharia board of scholars who approves all the loan and deposit business as riba free (which its not!). This is a type of exploitation, that is Fatah's point.
Thank you. I studied finance at Columbia University. I dabbled in Islamic Banking training and consulting for a few years, until my heart was convinced it is against the well being of people and society. Anything that is not good for society cannot be from God Almighty. The Prophet peace be upon him said the most corrupt people on the face of the Earth at the end will be the religious scholars...not that all will be corrupt. This is the reason why Muslims will face the same date as people of Moses peace be upon him (pbuh), who challenged Moses (pbuh) and God Almighty, died in the desert and could not find their way to the promised holyland. Likewise, the coming global credit collapse and WW iii will cleanse/purify the West and the East...because we are not doing God's work but rather twisting HIS words for worldly gain. Only God Almighty knows best.
@@satyavvduddu7105 it is not islamists that will kill humanity. It is Satan worshipping elite in the West who have plans for a nuclear war with Russia and China.
Come we talk about dubious economic practice harming many muslim families for few arab sheik investors in name of islamic banking please. May be satan is operating under guise of islamic bankers harming the momeen and looting them?!
@@satyavvduddu7105 yes, each will be asked on the Day of Judgement about their oppression on others, and moreover, if the any practice of oppressive systems that enslaved the masses...like mahajans giving usurious loans to farmers in Indian villages and then confiscating their land when they can't payback their loans.
Huge respect to you sir... what’s your opinion on Halal certifications, the scope of which is extending crazily in non-food items. Last week I learnt that Malaysia muslims require all the transportation trucks to be halal certified 😲 .. is it also an organised loot on the brothern muslims making transport expensive ?
No Muslim will give a positive comment on this because Islam is a peaceful religion but they don't accept the faults life long..... This is the reality of Islam..... Say peaceful religion but behind the screen all crimes...this is the fact
This is the problem that arise when the speaker discussed the issue that he didnt understand. In islam, there is no money lending, it is a sales purchase agreement with delayed payback schedule. Conventional banking is giving out loan, then payback with interest in fluctuating rates. The speaker failed to understand that in islamic banking, the full amount of payback is fixed for the entire payback period. If whole financial system globally using fixed rate scheme, the world financial system will be stable, financial speculator George Soros and the likes wont be able to make money out of financial chaos...understand???
The Islamic banks just add a deferred markup on the loan and dont call it interest but its the same thing to any financial analyst. If you want a fixed rate you negotiate it or go shopping for it. Soros made money in forex, thats a different market. Fatah's point is that devout Muslims are exploited by being told they have to deal with an Islamic bank even if a conventional bank is cheaper.
Islamic banking is set up in accordance with the principles of sharia - the moral code and religious law of Islam - and many of its rules have been particularly laid out with business and trade in mind, something which attracts many small and medium sized enterprises.
@@lioness9039 Farid the guy that said that the moon split and no one saw it because people are sleeping? What a stupid argument is that even 5 years old couldn't understand.
That's right sir..in Indonesia this is happened few years ..but never succes....the leaders of some politics use this sysriah issue in any subject...banks education food market ect..this is a trick or exploitation in the name of religion too...so far the bussiness not fair and unlogical..so poor to see this..
@Reth eesh but in ksa a seikh ate 1of his wife to survive in the desert and latter whn rescued the saudi court ddnt chrg him quoting hadees permitting canniblsm for once survival.
Neorevivalist Islamic scholars (the majority) tell devout Muslims they will face war from Allah and his messenger if they deal in riba. So they must deal with an Islamic bank with a sharia board of scholars who approves all the loan and deposit business as riba free. This is a type of exploitation, that is Fatah's point.
I am unable to understand how people can follow a person who marries at the age of 52 years with a 6 years old girl and rape her at the age of 9 years. I am also unable understand by buying an animal and killing it on a particular day enmass what sacrifice (Qurbni) they are doing. I am unable to understand how a section of people declare themself superior than other human beings and think only they will be permitted to enter in jannat by the Almighty. I am unanle to understand if wine is haram on earth how it is halal in jannat.
क्या भारत को संवैधानिक रूप से हिन्दू राष्ट्र बनाया जा सकता है? कृष्णजन्मभूमि और सुप्रीम कोर्ट के वकील से चर्चा। th-cam.com/video/kLR0xVQZg1k/w-d-xo.html
As it will make money out of mullas in India.. see you don't pay interest but you can invest that money and earn.. and if a bank don't pay interest to their customers it will increase their profits.. so it's more beneficial for banks rather than people who use overcharged islamic banking services..
Vague words sir, you have no idea what amount or what percentage of interest of principal qualifies it to become exorbitant and differentiates it from non-exirbitant. Simply playing around with words. Moreover, rent of good is not equal to rent of capital. Foolish idea Sir. Thumbs down.
In the US the company MasterCard has refused to work with people who criticize Islam because MasterCard wants to issue Sharia-approved credit cards in the Arab world. Also the UK banks now sell Sharia-compliant bonds to Muslim businesses.
A piece of advice: pls avoid subtitles. Whoever is doing it for you is really messing it up big time. Your accent is not so alien that one needs English subtitles in your videos.
1. Yes in your country there is no law for Islamic banking. However, in other countries there is. 2. I have one question only, if what you've said is correct, then why some non-Muslims closed their accounts in conventional/ ordinary banks and opened accounts in Islamic banks? Need your answer pls
I pray for your recovery as soon from the pain u were feeling out of the word Islamic banking. This video has wrong content which only shows wrong information to the non muslim who often debate on your thoughts. LOl😂
If any practicing Muslim would have said this, then this could be a point of concern. But, This tarek fateh is undoubtedly a person to be rejected on spot.
I wonder u spent 70 years in this country but still not near to pronounce correct difference between the words which is new to you. But I would suggest you to do some basic research before making this sort of videos. May Allah grant you A Hidayath. Ameen
Can any Muslim clarify how can a
Bank survive without collecting interest
and paying loan?
No Bank can survive like this.
Islamic Banks also collect interest on loan, but they call it as profit.
Nothing but fooling innocent.
@Sauriya Sinha 😂😂😂😂😂😂😂😂😂😂👍👍👍👍👍
@Sauriya Sinha 😂😂😂😂
Do these Islamic banks share the loss incurred by the borrower as well? Generally in non Islamic countries banks survive by killing small borrowers.
Islamic banks donot give loans on intrests rather they do business for example they buy cars and sell them on installments , they buy hones and sell on instalments
Who will pay salary for the employ.
What is so new about muslim exploiting muslim in the name of religion or allah. It happens across all religion sects. The real god is MONEY
kindly see farid responds channel videos on youtube. our brother farid has refuted all the anti -islamic claims
Absolutely right ...Religion means money making rackets
BINGO
Islam can only survive through Taqiyya and auto- taqiyya :-)
@Bouraq Taqqiya
Hehe.
@Bouraq Taqqiya
They use you as a space shuttle:-)
kindly see farid responds channel videos on youtube. our brother farid has refuted all the anti -islamic claims
@@lioness9039
To paraphrase Batman: It is not what you believe what defines you but what you do. And ny dear friend what Islam is doing right now in the world, beheadings, threats, force conversion, pedo inspirations, caos on the west, being crybabys for some cartoons etc, has made it quite unpopular in the non muslim world. Best thing you can do is to contribute to Islam reform.
@Bouraq Taqqiya Islam has a monotheistic (belief in one God) message. The followers of Islam, Muslims, believe in one God, Allah, and believe Muhammad is His prophet. They also believe Adam, is the first prophet...
Make video on Halal Certification on even vegetarian items even Ayurvedic medicine like Company Organic labels Halal on Tulsi Capsule bottle .... its seriously increasing ....
Halal means permissible for muslim
Haram means forbidden for muslim,
Halal is only for meat
@@aminaummer2186 deceptive imposition of sharia in the name of halal.
Personally, I don't have a problem with alternate modes of Banking. But I've been hearing only negative aspects about this ever since it came out. It seems to have failed even in Bangladesh, Indonesia and Saudi. So no point in implementing a Failed system of Banking.
failed? really? any example?
here's one, in Indonesia shariah asset has a 15% y.o.y. growth compared to conventional banking assets which only has 4% y.o.y. growth
if your main sources are only "I've been hearing"s, then personally, I don't have to listen to your opinion
Sharia bank: no interest. If you don't pay at the end of month, they cut a finger. 😂
I thought that was the mob 😅🙈
If you hate islamic bank you dont have to use islamic banking use normal banking. Dont confuse muslim.
@@pyrokittykat744 yes indeed that is BJP 😄
Lebouf? Must be another French Macaroni...no, in Islam if you can't pay you re negotiate the payment. You are only prosecuted if you commit a crime intentionally despite having the means of not doing it. A wonderful religion and its rules.
@@abdulmuneerdost2465 Macaroni is Italian. No I'm not French, wrong continent...
The number of times "Mulla" word is used here in this video, itself speaks the intention of the video. Get well soon Mr. Tarek ( or howsoever you spell it).
That's so sad because only the poorest get exploited
Like in most countries
There are several Islamic banking products. The closest to being totally Sharia complaint is Musharakah (which is partnership). Mudharabah on the borderline.
One thing for sure is that Islamic Banking can fully function only in an Islamic state where the laws guiding finances of the state as well as Islamic banking are well laid out.
The interest based banks are no saints despite all the regulations surrounding them.
In the event of default, the interest based banks apply penal interest, late fees, etc. Credit cards are the worst culprits in this Riba issue.
There are no "mullas" on the boards of Islamic banks nor have I ever seen any "mulla" marketing Islamic Banking services on the lines the presenter has said.
The presenter should leave his prejudices against the Islamic banking and his prejudice for the interest based (I would still prefer to call it Riba) banks. He should go through BOTH the systems of banking and give a balanced COMPARISON rather than blanket condemnation of Islamic banking.
People who have worked in both the systems find the presentation largely slanted.
Waiting for the presenter's next presentation giving an honest and balanced COMPARISON of the 2 banking systems.
There are always Islamic scholars and some Muftis on the sharia boards. There are lots of them advocating Islamic finance like Taqi Usmani. Look at a publication like Islamic Markets.
For me I have no problem if Muslims really want to deal this way. But to pressure them into dealing with more expensive Islamic banks because of a religious obligation is not right. Riba from the time of the prophet is not the same as interest in modern markets.
@@roberthannah7983 I have worked in Banks all my life, in both Riba based banks and Islamic Banks at a senior level. I am thoroughly familiar with both modes of financing, all the banking products provided by both these modes of banking.
When we are marketing for new relationships we do inform the client of the advantages of Islamic concepts. No coercion.
There are no scholars on any board. The Islamic finance guidelines are provided by a panel whose expertise strides economics, finance, and principles of Islamic laws relating to trade and finance.
@@mahasham4759 My (andTariq Fatah's) issue then is not with a bank such as yours, but with neorevivalist Islamic scholars (the majority) who tell devout Muslims they will face war from Allah and his messenger if they deal in riba. So they must deal with an Islamic bank whose loan and deposit business as riba free. This is a type of exploitation, that is Fatah's point.
But surely you are familiar with the sharia board structure in the industry - for example Usmani lists the following ... "He is also chairman of the Shariah Supervisory Boards of Guidance Residential Financial Group, U.S.; Saudi American Bank, Jeddah; and Citi Islamic Investment Bank, Bahrain; vice chairman of the Shariah Supervisory Board of Abu Dhabi Islamic Bank; and member of the Shariah Supervisory Boards of Al-Baraka Group, Jeddah; First Islamic Investment Bank, Bahrain; and the Islamic Unit of the United Bank of Kuwait, among others." (from Guidance residential)
@@roberthannah7983 Basic tenet of Islam: Whoever wishes may believe and whoever wishes may reject Guidance. This is concerning the bases of Islam applicable to all Muslims.
If you are rich and want to do business do it from your own sources. Markets are NEVER constant. If tomorrow the market changes you are badly hit and your business suffers.
Banks look for the ideal gearing ratio of 1:1 i.e. for every one dollar of outside funds in your business (including trade payables) your money in the business is one dollar. BUT not a single bank borrower maintains this ratio.
If you have been managing the business within your own resources you can absorb the shock. If you are heavily indebted to a bank you are unable to meet your instalments. Default means penal interest, late fees and other charges. At least in Islamic banking the profit rate is fixed and doesn't change in case of default. Today you incur debt for business expansion and tomorrow you pass away your children inherit the debt which they may or may not be able to manage. The entire work of your life collapses.
The worst thing invented by Riba mongers is the credit card, interest on interest on interest, multiplied as the period passes.
Fatah's script writer does not give you the entire story of each side of lending, doesn't give you pros and cons of each side. Totally one sided - against Islamic banking which he says is exploiting Muslims. The Riba banks are no better, albeit worse in terms of additional and penal charges.
We human beings are "enterprising" creatures or in simple words full of greed. We want our business to stretch to the horizons once we get a little bit of success. We have to avoid this greed and manage things within the few extra coins we possess. If you have some surplus you invest it with someone who has the capability but lacks the resources. Over a period that person becomes self sufficient and is capable of giving Zakaat. And then there is one more available investors. The cycle continues.
Call it an overambitious idea, but this is for the general good of the society as a whole.
Get rid of GREED and we have a healthy economic environment in the society.
@@mahasham4759 I appreciate you sharing your views more fully and agree with much of what you say. Gearing - yes a 1:1 debt equity ratio is reasonable, I think you will find startups and smaller tech companies have less debt than that. Large stable consumer goods, real estate and utility companies with stable revenue can support more debt. And on the investment side insurance companies and pension funds need lots of fixed income securities in their portfolios. This is where I think modern risk management has gone far beyond the Islamic narrative of "risk sharing' (not found to my knowledge in the Ωuran or the sunnah). But of course modern risk management failed miserably in 2007-08. I do think Islamic finance has useful things to say, like tying finance more closely to the real economy and discouraging the excessive use of debt.
I agree credit card interest rates are exorbitant. I would have no problem calling them riba.
Greed and entrepreneurship - two sides of a coin. We need these enterprising profit driven people to generate business innovation and wealth, but sometimes they go outside the law and common standards of fairness - something like harnessing wild horses. But then we need to look at the distribution of the wealth generated. I dont thnk we can rely on the good will of people to pay zakat - we need progressive taxation, health care and social support services of governments as well as charities and NGOs to support the less fortunate.
Sir u were in the process of writing ur new book!! Please do so ! Waiting for that book! I really appreciate ur hard work and commitment towards ur cause! Waiting for ur talk shows to start again!!
kindly see farid responds channel videos on youtube. our brother farid has refuted all the anti -islamic claims
Around the world, many people are beginning to see that the principles of Islamic banking are sometimes more attractive than those of conventional financial services
Nature does not change easily for anyone. It takes continuous efforts and will to change.
kindly see farid responds channel videos on youtube. our brother farid has refuted all the anti -islamic claims
In Quran, God Almighty Allah tells people, give me money. I will return you double. Isn't it interest? Isn't it haram?
Suresha B. Read few sentences before and after that verse, so that you can find out what it means.
You know thousands of farmers and poor people are being forced to commit suicide because of the debts they accrued through the interest based banking in India. The wealthy money holders are multiplying money making use of our banking system. Needs are created and society is being transformed at a greater pace in the modern society. The poor are getting crushed in these frantic situation. There is no such serious economic problems or alarming suicide due to economic debts in islamic countries. People are running on Islam for making interest haram. But even with this much economic development and educational and technological base why our country is lacking happiness and remain poor. It is just through this cumulative interest banking system these people are being tapped their wealth. Our system has made that legal and you are also justifying this exploitation.
This is very true, Look at some African Countries who are suffering because of these interests
kindly see farid responds channel videos on youtube. our brother farid has refuted all the anti -islamic claims
Islamic banks just put a deferred markup on a loan, same as interest or more expensive. But its not easy for farmers to get finance, I agree. But look at what has happened in India in the last 20 - 30 years - amazing growth and many have left poverty in the system you criticize. Surely that is a good thing, the next job is to correct the inequities.
As far as my knowledge is concern first banking system was introduce by prophet (peace be upon him) which is known as baitul mal.
Riba means you shouldn't charge interest. If you do that's their problem Muslims just wants peace of mind. If anybody exploit the system. They will carry it on their shoulders.
Peace of taqiah Taqiah muslim around the world
The prophet did not define riba. Modernists believe it means excessive interest or usury, not reasonable interest.
My subzcriptionz of YT channelz of similar minded people who care about indic culture:
Sadhguru
Sadhguru And
Mystics of India
Centre for indic studies
India in details
Intellectual kshatriya
Opindia hindi
Opindia english
Pgurus
Prachyam
Pragyata
Pratipaksha (marathi)
Rajiv Malhotra official
Sangam talks
String
String Hindi
The festival of Bharat
The jaipur dialogues
True Indology (follow him on twitter)
Virat hindustan sangam
Arth a culture fest
Bhartiya vichar manch
Inspire me wisdom
Mangaluru lit fest
Samvaad events
Upward
An open letter
Amit Sengupta
Neeraj atri
Praveen Mohan
Ishkaran singh bhandari
The daily switch
Cybersurg- shiv's military aircraft channel
indian monk
indian treasury of wisdom
india inspires
hindu academy
Adiyogi
sanskrit city
vedic aim
anshul saxena (twitter, fb)
fact fox
david frawley
tahir gora
india inspires
New Delhi Times
guru gopal das
humble hindu
quantum hindu
arif ajakiya
The Sanskrit channel
Scientific hindu
The sham sharma show
The skin doctor
Jammu Kashmir now
Kashmiri youth movement
I am buddha
baba ram das
divine hinduism
Nehal tyagi
Maithili thakur
Ravindra jain
Meditation steps
bharat sarvopari
ASA "stuti"
My ashray
Swami mukundanand
soul desire
English bahen
Padmarani
Francois gautier
Jahnavi Harrison
Denis crause
Renee Lynn voice for india
Krishna das music
Haindava tv
Sacredverses
Sonic octaves shraddha
Bhaktivedanta academy mayapur
Vaidic physics
farhan qureshi
liberal hindu
king polo
limitless
kishwaha boys
hindu response
pratik borade
bhishma international
dharma speaks
dharma nation
we read
The ghanapati
i can spirit
which is the best?
What I believe is taking interest is haram, for eg if I pay 10,000/- rupees to someone for a year and take 1,000/- interest per month, so after a year I'll get 12,000/- as interest and 10,000/- actual amt total 22,000/- that is haraam, no matter what name I give it arabic or urdu.
kindly see farid responds channel videos on youtube. our brother farid has refuted all the anti -islamic claims
Until next time, Khuda Hafiz Allah Hafiz Tarek Fateh Sahib
kindly see farid responds channel videos on youtube. our brother farid has refuted all the anti -islamic claims
Your shows are always full of information based on reality people choose to ignore. I really like the unapologetic attitude you have sir. Very Inspiring.. I like your debate shows❤️
Good that it has been outlawed in India for the most, but we have to work to get rid of this...
Finally, someone who talks some sense about Islamic banking and modern finance.
Can't believe that a hindu teaching us about Islamic finance. First of all you need to learn Arabic and we are not stupid because we have have hadith of dealing with finance
Hindus or other non-Muslims know concepts of Islam better than a Muslim, seriously. A Muslim has a fear in mind (filled by Mullas) that if he/she questions Islam, he/she will be beheaded (as a punishment) by an Islamic Extremist. Every good thing is "haraam" in Islam, but not Terrorism ? What rubbish!
@@vaibhavparihar4432 you don't and will never understand Islam because you don't understand tawheed.
What does halal mean for vegetarian products? Can any Muslim explain
All vegetarian products are halal only animal source products have halal and haram distinction
Halal means permissible for muslim
Haram means forbidden for muslim,
Halal means only muslims employed from production to distribution. That means no employment to non muslims. And halal certifications are issued annually by islamic org like jamat e islami who funds jihad in Kashmir majorly. They also invest halal certification fees to settle rohingyas and bangladesi and even Indian muslims at strategic location like chicken neck to change the demography.
They can't because the Islam is desert cult. So no vegetables accept dates.
Sharia banks pay interest money in some other name...as well
Islamic banking is based on the core principles of sharia law and, owing to its principled approach and high value proposition, nevertheless, it has gained popularity beyond the market of practising Muslims.
Islamic banking offers a plethora of products for customers or investors looking to participate. However, defined by a ‘real and rooted’ approach, with a focus on assets, it avoids the excessive complexity and ambiguity of some conventional products. For example, Islamic banking embraces risk-sharing as opposed to risk-transfer. In an Islamic finance (Islamic mortgage) and based on the Murabaha structure, the bank takes the responsibility of purchasing the item and re-selling it to the buyer at a profit. This arrangement enables the buyer to repay the bank in instalments. The bank protects itself against default by asking for strict collateral.
I agree with you that in global markets conventional products have become excessively complex and ambiguous and removed from the real economy, which some scholars have noted (this is their own thinking, there is no reference to this in the Quran or Sunnah!)
But if I am a small depositor in a bank I dont have the time or ability to analyze the bank's creditworthiness. I dont want to share the risk of the bank - that is a silly idea. I want my deposit to be secure and earn a little interest. If I want to invest in risky venture capital, I will do so separately.
Neorevivalist Islamic scholars (the majority) tell devout Muslims they will face war from Allah and his messenger if they deal in riba. So they must deal with an Islamic bank with a sharia board of scholars who approves all the loan and deposit business as riba free (which its not!). This is a type of exploitation, that is Fatah's point.
I dint even know such bank exist i am so jaw dropped right now, thanks🙏
kindly see farid responds channel videos on youtube. our brother farid has refuted all the anti -islamic claims
Sir I became quranist...tough you are sometimes harsh...but I like your point of view and intellect...God bless you... assalamualaikum
I was a Quranist but left Islam
Thank you. I studied finance at Columbia University. I dabbled in Islamic Banking training and consulting for a few years, until my heart was convinced it is against the well being of people and society. Anything that is not good for society cannot be from God Almighty. The Prophet peace be upon him said the most corrupt people on the face of the Earth at the end will be the religious scholars...not that all will be corrupt. This is the reason why Muslims will face the same date as people of Moses peace be upon him (pbuh), who challenged Moses (pbuh) and God Almighty, died in the desert and could not find their way to the promised holyland. Likewise, the coming global credit collapse and WW iii will cleanse/purify the West and the East...because we are not doing God's work but rather twisting HIS words for worldly gain. Only God Almighty knows best.
Why should rest of the people die for islamists sins?!
@@satyavvduddu7105 it is not islamists that will kill humanity. It is Satan worshipping elite in the West who have plans for a nuclear war with Russia and China.
Come we talk about dubious economic practice harming many muslim families for few arab sheik investors in name of islamic banking please. May be satan is operating under guise of islamic bankers harming the momeen and looting them?!
@@satyavvduddu7105 yes, each will be asked on the Day of Judgement about their oppression on others, and moreover, if the any practice of oppressive systems that enslaved the masses...like mahajans giving usurious loans to farmers in Indian villages and then confiscating their land when they can't payback their loans.
Huge respect to you sir... what’s your opinion on Halal certifications, the scope of which is extending crazily in non-food items. Last week I learnt that Malaysia muslims require all the transportation trucks to be halal certified 😲 .. is it also an organised loot on the brothern muslims making transport expensive ?
Really worth pondering...in all Gulf countries...they do so called Islamic banking
Rules for thee, take from we. Sounds about right.
The Islamic clerics have been sitting on western bank boards for a long time, most banks became shariah compliant.
Sir ,
It was also executed in India ....
KABULIWALA ...by Rabindranath Tagore ..I thing you know !!!
Was a story written by him .
A new subscriber here. Nice contents Sir!
No Muslim will give a positive comment on this because Islam is a peaceful religion but they don't accept the faults life long..... This is the reality of Islam..... Say peaceful religion but behind the screen all crimes...this is the fact
That why they don't less privaliage access to education says only Islamic studies .
Is it like India exploiting sudra and pariah? How do you compare it
What is Ghazwa-e-Hind?
Take care of yourself Tarek Sir
You don't no about riba
best way to do this is to print your own currency debt free then pay to build houses for ppl with no usury.
This is the problem that arise when the speaker discussed the issue that he didnt understand. In islam, there is no money lending, it is a sales purchase agreement with delayed payback schedule. Conventional banking is giving out loan, then payback with interest in fluctuating rates. The speaker failed to understand that in islamic banking, the full amount of payback is fixed for the entire payback period. If whole financial system globally using fixed rate scheme, the world financial system will be stable, financial speculator George Soros and the likes wont be able to make money out of financial chaos...understand???
kindly see farid responds channel videos on youtube. our brother farid has refuted all the anti -islamic claims
The Islamic banks just add a deferred markup on the loan and dont call it interest but its the same thing to any financial analyst. If you want a fixed rate you negotiate it or go shopping for it. Soros made money in forex, thats a different market. Fatah's point is that devout Muslims are exploited by being told they have to deal with an Islamic bank even if a conventional bank is cheaper.
@@roberthannah7983 See what hindu scripture says about treating woman -th-cam.com/video/gHSMU66OQt8/w-d-xo.html
I agree
Islamic banking is set up in accordance with the principles of sharia - the moral code and religious law of Islam - and many of its rules have been particularly laid out with business and trade in mind, something which attracts many small and medium sized enterprises.
You are another exploited/ exploiting Muslim. Eg: Karnataka IMA scam.
They are harming everybody
Bring quantitative proof and economic analysis dear old man ! Just BS in this video.
kindly see farid responds channel videos on youtube. our brother farid has refuted all the anti -islamic claims
@@lioness9039 Farid the guy that said that the moon split and no one saw it because people are sleeping? What a stupid argument is that even 5 years old couldn't understand.
अब गज़वा ए इस्लाम का वक़्त आ चुका है
th-cam.com/video/-ofBwgHAjnE/w-d-xo.html
Loopholes, SMH
Thank you sir for clarifying this "interest and usury" thing .
Great work 👍🙏
kindly see farid responds channel videos on youtube. our brother farid has refuted all the anti -islamic claims
That's right sir..in Indonesia this is happened few years ..but never succes....the leaders of some politics use this sysriah issue in any subject...banks education food market ect..this is a trick or exploitation in the name of religion too...so far the bussiness not fair and unlogical..so poor to see this..
Please make same videos in Hindi language. 🙏
Tqvm Mr Tarek Fatah, you explained it so easy to understand. Tq again.
sir is necro hymocydal canniblism permissible in islam.....in the question of once survival.....kindly reply in the light of quran and hadees
What does it mean...??
@Reth eesh but in ksa a seikh ate 1of his wife to survive in the desert and latter whn rescued the saudi court ddnt chrg him quoting hadees permitting canniblsm for once survival.
@@usc4405 eating the meat of another human dead body to stay alive in absence of any othr eatable halal susbtance
Its a fraud...😅😅😅😅
Great content, thanks for sharing!
Respected Sir,
Let us know which cult you believe in.
And trying doing something good for that cult and why worry about these Muslims at large.
yaar Brocken English ki bhi koi hadd hoti hai
Make this program in Hindi too.
It's bs. The guy made no real argument against islamic banking lol
Nobody is forcing you to use Islamic banking. 😂🤣. Its your choice.
Neorevivalist Islamic scholars (the majority) tell devout Muslims they will face war from Allah and his messenger if they deal in riba. So they must deal with an Islamic bank with a sharia board of scholars who approves all the loan and deposit business as riba free. This is a type of exploitation, that is Fatah's point.
Sir, imaran Khan is saying India support terrorism . Hahaha. Plz can you say something
I am unable to understand how people can follow a person who marries at the age of 52 years with a 6 years old girl and rape her at the age of 9 years.
I am also unable understand by buying an animal and killing it on a particular day enmass what sacrifice (Qurbni) they are doing.
I am unable to understand how a section of people declare themself superior than other human beings and think only they will be permitted to enter in jannat by the Almighty.
I am unanle to understand if wine is haram on earth how it is halal in jannat.
U dont understand becouse u sre not islam..
Because you can not try
@@Bulbulemakhluk I have not yet received a single, to the point, reply.
@Jerome Syed no question what you mean ? Without question and answering how can be muslim ?🤔
I prefer to pay higher than to disobey Allah. Don't listen to this
But everyone says riba banks are exploiting, so the Islamic bank should be cheaper ...
Check out "Sneaker´s Corner" on TH-cam.
क्या भारत को संवैधानिक रूप से हिन्दू राष्ट्र बनाया जा सकता है? कृष्णजन्मभूमि और सुप्रीम कोर्ट के वकील से चर्चा।
th-cam.com/video/kLR0xVQZg1k/w-d-xo.html
Stop laying
Riba is extra money.like u buy something for 100 doller but paying it with 12 instalments that's120 doller. But easy pay
that is called interest
If that is the case then why was RBI showing interest in introducing islamic banking in India
As it will make money out of mullas in India.. see you don't pay interest but you can invest that money and earn.. and if a bank don't pay interest to their customers it will increase their profits.. so it's more beneficial for banks rather than people who use overcharged islamic banking services..
@@VikramSingh-dj5hh they will never realize the truth. They are blind.
Leave Islam
Well.... color me surprised.!!!
Not....🙄
Deception is the way of Warlords.....
🙏🙏🙏🙏🔥⚡
kindly see farid responds channel videos on youtube. our brother farid has refuted all the anti -islamic claims
1:51 access instead of excess
lol, you dont even know what these products are you are just misguiding people. P.S if anyone want to know what is islamic banking just drop a reply
Vague words sir, you have no idea what amount or what percentage of interest of principal qualifies it to become exorbitant and differentiates it from non-exirbitant.
Simply playing around with words.
Moreover, rent of good is not equal to rent of capital. Foolish idea Sir. Thumbs down.
🙂🙏
Sir should be inspiration for muslims arond world. Why they use to follow teachings of mollanas.
❤👌❤👌👌
kindly see farid responds channel videos on youtube. our brother farid has refuted all the anti -islamic claims
WHEN U MEET ME FOOL THEN U UNDERSTAND
🙏🙏🙏👍👍👍
Allah is watching everything. Let them do what they want
But Islamic scholars are doing a disservice to practicing Muslims by telling them that they should deal only with more expensive Islamic banks.
WHAT IS HALAL FOR YOU IS HARAM FOR ME.
🤔
👕👍 *What do you expect Nonce Momo exploited all his life!* ☪️
👖
Aah I got it ...this guy is reincarnation of mukri the comedian..Mohammed Shahzada
यह मुसलीम सरीया आखीर हे कया
समजना चाहिये बैकीग समसया से
सायद जनता को कुछ आसान सहुलतहो जाये तो
Mr Tarek fatah u always against muslim. U blank point name of the muslim
Tarek Fatah you're a munafikun,any information needed I'll go and discuss with other scholars but not with you
Khudhahafiz
In the US the company MasterCard has refused to work with people who criticize Islam because MasterCard wants to issue Sharia-approved credit cards in the Arab world. Also the UK banks now sell Sharia-compliant bonds to Muslim businesses.
They are exploiting you beliefs to make more business. That's it. Pure business.
So what is the problem
Ur speech shows ur lack of knowledge in Sharia law
Malaysia have bank islam.....
Tarek fateh sir ye log dogle hi sahemge
I love eating cow's meat .
Educated mad
A piece of advice: pls avoid subtitles. Whoever is doing it for you is really messing it up big time. Your accent is not so alien that one needs English subtitles in your videos.
1. Yes in your country there is no law for Islamic banking. However, in other countries there is.
2. I have one question only, if what you've said is correct, then why some non-Muslims closed their accounts in conventional/ ordinary banks and opened accounts in Islamic banks? Need your answer pls
I pray for your recovery as soon from the pain u were feeling out of the word Islamic banking. This video has wrong content which only shows wrong information to the non muslim who often debate on your thoughts. LOl😂
If any practicing Muslim would have said this, then this could be a point of concern. But, This tarek fateh is undoubtedly a person to be rejected on spot.
I wonder u spent 70 years in this country but still not near to pronounce correct difference between the words which is new to you. But I would suggest you to do some basic research before making this sort of videos.
May Allah grant you A Hidayath.
Ameen