Sh Asrar Rashid | Islam vs Capitalism vs Communism, Currency and Money Creation, and Nuclear Weapons
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- เผยแพร่เมื่อ 15 มิ.ย. 2024
- Invest ethically with Cur8 - cur8.capital
In this podcast episode, we speak to Shaykh Asrar Rashid, a well-known scholar, debater and author. Join us as we tackle topics such as the nation-state, an Islamic economic system and the war of ideas both Muslims and non-Muslims face.
Purchase Shaykh Asrar Rashid's books
Islam Answers Atheism: amzn.eu/d/5rI3NJ9
Navigating the End of Times: amzn.eu/d/8Cxs1iJ
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About us
We're Ibrahim & Mohsin - ex-city lawyers and authors of "Halal Investing for Beginners". We've been studying investments and the traditional Islamic sciences for 13+ years. Over the year we've been published by the Financial Times, the World Economic Forum, Foreign Policy etc.
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TIMESTAMPS
0:00:00 - Beginning
0:00:39 - Introduction to Shaykh Asrar Rashid
0:02:27 - Early studies and joining the debate scene with Christians and Salafis
0:08:18 - Growing up in Birmingham
0:13:20 - Immigrants rebuilt the UK
0:16:40 - The economic gain mentality of many immigrants
0:17:30 - Are Muslims moving up in the world?
0:21:20 - Shaykh's relationship with money
0:24:58 - The economic monster(?) of Western capitalism
0:30:12 - Gold-pegged currency, fiat currencies and crypto
0:40:43 - What's the alternative to the current economic system?
0:44:04 - Islam and Communism
0:48:46 - Limited Liability Companies and Nuclear weapons would not exist in Islam
0:52:42 - Will Muslims get left behind?
0:57:23 - The war of ideas, the intellectual intifada
1:00:45 - The rise of the Network State
1:04:46 - Thoughts on the future
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#asrarrashid #islamicpodcast #islamiceconomics #shariacompliant #islamicpodcasts #capitalism #communism #islamicfinance #ifg - บันเทิง
His general knowledge as well his Islamic knowledge is on a whole different level ! Subhan’allah
So pleased to see shaykh here, I saw his debate with abdurrahman hasan and it led me to some interesting rabbit holes which finally led to me accepting the traditional sunni paradigm. He's rightfully called the lion of ahlussunah, may Allah bless him.
great to hear
Well done oh truth seeker
So you believe ìts acceptable to call upon other than Allah for help, or ask the dead in the graves? This is far from the aqeedah of ahlus sunnah.
I saw that debate and I personally don't consider myself a follower of either camp, but what I came out with is that one shouldn't risk anything like asking anyone else other than Allah for anything. Pascal's wager applies heavily here. Why risk something so enormous when I have trouble waking up for tahajjud regularly?
@@sammu you can avoid it out of precaution without calling other Muslims associators
He's only 40, I've been quietly watching Sh Rashid, I'm enjoying what I'm seeing.
I’m pleasantly surprised that Shaykh Asrar is so well-read around non-core Islamic topics. Would love to see more well-rounded scholars like him.
Never expected to see this collaboration. Alhumdulillah!
jzk khayr!
@@IFGuru A lot of your work is legendary and highly important, been a supporter for years. But this network state is another ginormous crypto grift. balaji srinivasan might have some valuable insights, but he is a hardcore brahminist too who regularly simps for Israyel, got the bitcoin prediction very wrong, and failed to understand the concept of "duration risk" in their fraudulent riba based system.
Please bring the sheikh back - great discussion, and host asking the right questions
MashaAllah i'm from Indonesia i love lectures of sheikh Asrar is very knowledgeable
May Allah bless our Shaykh. His intellect is unmatched. The way he talks and responds to arguments is commendable and clearly understood. May Allah give him ajr for what he’s doing in this world and hereafter. He truly is the lion of Ahlusunnah in today’s world💚
There are many other great scholars which are not in media
Shykh Love From Pakistan Labbaik Ya Rasool Allah (SAW)
Hats Off to the Shaykh for 'Thoughts on the future' @ 1:04:46. Let we true Muslims take this final thought irrespective to which we belong. May Allah make us to follow! Aameen!
This was a great conversation, Mashallah!
Well done guys for getting shaykh on. Good choice. This is well worth watching.
Mashallah ❤
Happy to hear Sheikh Asrar Rashid.
This channel is certified as long as no deviants are given the platform good choice for having Sheikh Asrar Rashid
It is probably the best podcast so far in your channel. He debunked and explained well with example for a layman to understand the logics and jurisprudence of islam as a whole. May allah show us the right path in every ambiguous choices. Ameen
Lion of Ahlus sunnah wal jamah (Sh.Asrar Rashid)
@drsethranking5894 no he dr7nk rat poisin and survived
Sir Salman Rushdie said it best, "Pakistan sucks."
Brother Ibrahim, may Allah bless you and may Allah bless Shaykh Asrar Rashid, this is top notch content. I have been trying to understand the culture and history of Muslims in Britain and the content you've been creating is really helping me understand this topic. Jazak Allahu khairan! Barak Allahu feek.
Masha Allah. Tabarak Allah. Brilliant. May Allah preserve the Shaykh. جزاك الله خيراً في الدارين
Allahumma Baarik. Shaykh Asrar Rashid, lion of Ahlus Sunnah wal Jamaa'ah 💚💚💚
i love how calm he is
Alhamdulillah! Shaykh's debate with Abdurrahman saved me. I was going between many things and had been brainwashed with Salafis. I was walking around in the house thinking I shouldn''t be praying with my family at home, their prayer is not accepted etc. Then I said to myself that this is Shaytan, how come I can think of such thing! Then I kept praying Allah to show me the way, if I am on the wrong path, make me aware of it and put me on the right path, But if I am on the right path make me aware of it and make me hold on to it.
Then I started to do research and came across that debate. I told myself and prayed that I must watch this with an open heart, without holding any side (5 hours debate a long one) And prayed Allah to guide me. At the time I didn't know anything about neither sides. As I watch the debate I started to realize, the other part is just making false claims, and not answering questions.
After that debate things has become more clearer to me. I did more research and history research as well.
Alhamdulillah, now I do the same prayer about guidance, when I recite Al-Fatiha, i contemplate upon the meaning of it.. And now my heart is content Alhamdulillah. May Allah guide us all, especially the sincere ones
I was with a najdi influenced group and thought it was the only way to success. It all changed later and then I studied these differences and found that in all matters the najdi side was wrong. It may help to study without prejudice and not be influenced by nice sounding slogans.
@@LITTLE-ROCK Exactly anyone who wants to know should research with open hearts and it will become evident who is on right path. I am glad for you both.
His knowledge is so vast mashallah, definitely need a part 2
Really interesting interview, really enjoyed it. Wanted to add my 2 pence worth on a few issues;
1. Inflation - The real way to control inflation is to limit profiteering on essentials. Food (in its fresh form), energy, public transport, healthcare, education, even a basic level of housing should be at cost price. These shouldn't be industries people make huge profits on. Bread should always be cheap, make your profits on cake. Supermarkets should be cheap, restaurants can be expensive. The bus/train should be cheap, let flights and cruises be expensive.
2. Growth following unpegged economies - the growth was built on debt and by printing money that didn't exist. Since then govt borrowing around the world has got higher and higher. It's at the levels now where economies run on the promise that it might one day be paid, but on the expectation that it probably won't.
Fantastic MashAllah well done and JaskakAllah khair ustadh
His knowledge is very vast. This was very fascinating
Please get Shaykh Asrar at least ONCE per month to cover Islamic finance.
This was a fantastic episode.
Mufti taqi usmani or his senior students mufti Muhammad Ibn Adam al kauthari
Brilliant conversation! Learnt so much. May Allah swt preserve and increase Shaykh Asrar
Sheikh brought me to this chanel, mashaAllah sheikh, May you always be healthy and smiling.Aameen
Asked some great questions in this interview mashallah.
Beautiful podcast.
Mashallah i just loved it. 😊
Great idea!
He is very knowledgeable Allahuma Barik
Barak Allahu feekum... need more education like this for the muslims globally. Knowledge is power.
❤❤❤❤ love from Qatar
I may have different leanings from the Shaykh. However, I do appreciate Shaykh Asrar and I would love him to come over tea. A really insightful conversation. Thank you and Jazak'Allahu khair IFG. Shaykh Haytham Tamim at some point?
Masha Allah, really enjoyed this.
Please keep these interviews coming.
More to come!
Indeed he is the Lion of ahlus Sunnah
Very interesting a recommended watch
Amazing!
Nice chat.
IFG guys feeling challenged with Sheikh Asrar saying: Don't invest in Crypto, Don't invest more than 1/3rd of your wealth.. Great one!
First of all, a fantastic discussion by you gents. Enjoyed the socio political history of Birmingham. And what an intersting juxtaposion of the Burge Al Khalifa and excrement! SAR truly nailed the diabolical sand castle economy of the Dubai.
You may have come across the wonderful book of Prince Charles and Tony Juniper: Harmony, which discusses many of the topics you delved in, namely the environment and spirituality.
Excellent discussion, would be good to see Jamal Harwood from Economy dissected on your channel
Please, as a revert who entered Islam through the window of Islamic finance....Please discuss this further. Especially the differences between Halal $ and Capitalist $ and how intentions lead to action.
Can someone recommend other sheikhs or scholars who are similar like asrar rashid? Because this is so valuable.
Sheikh Asrar ALHAMDULLILAH wat a great personality for our youth to guide thm to the deen. I grew up in the same area as the Sheikh, got so much respect for him, Such a humble person.
Good episode this one 😊
I found this very useful. The knowledge shared here was very insightful. I think it would also have been useful to discuss how banks have shaped the world and the misconception that lending was the reason for human advancement but rather the it slowed down human advancement
This was amazing mashallah but too short! So much that was only touched on and more detail would be welcomed. Jk for an excellent talk
Truly educational!
Allah bless you
He is also remembered for NOT being able to answer during the debate
Sheikh is knowledgeable about world economics
This is great Jzk
Beautiful ❤ beautiful ❤beautiful ❤
Loved the term "Coconut" that he used to describe some Muslims today. Brown (Muslim) outwardly, but White (like Non-Muslim) on the inside.
Love this. Although i am not a brelvi, it is important to represent the ummah accordingly.
The person who was born in the town bareilly is known as barelvi. We are sunni hanafi maturidi....ahlus sunnah wal jamaat
@i am Musafir apologies as i meant no harm by stating brelvi, and I agree with the point you are trying to make. These labels are not necessary. Indeed, the believers are but brothers.
We are sufis if a label is needed
@@waqstar7067 Sufi is someone who is at a high level of ihsan. One doesn't become a Sufi by joining a sect.
@@LITTLE-ROCKyup
Please do podcast with shaykh saqib shami
looking back on how wealth distribution in a small "kibbutz" communal nuclear family township seem to be similar on our muslim "early Madinah livelihood"
A wali believes every word Nabi uttered. Sheikh’s taking poison and then having dates later. Ya RasoolAllah. There’s 1 Wali among every 40 Muslims. I have a strong belief that Sheikh is one. May Allah bless him more.
I think it was there are always 40 walis in Muslims
real economy has intrinsic value....it is actually useful
Your average person could not grow enough food for themselves continuously. I agree with sheikh on certain things, especially on hmo
SubhanAllah
Allaah bless IFG for not being sectarian
I'm so happy I made productive decisions about my finances that changed my life forever,hoping to retire next year... Investment should always be on any creative man's heart for success in life.
I agree with you and believe that the secret to financial stability is having the right investment ideas to enable you earn more money, I don't know who agrees with me but either way I recommend real estate or crypto and stocks.
Yeah!! It would be more beneficial and yield more profit if you actually trade on cryptocurrency, I've been trading since the dip, I've made so much profit trading.
How does this trading stuff work? I'm really interested but I just don't know how it go about it. I heard people really make it huge trading
trading is easier with proper guidance, especially from a professional, Newbies who are not aware of how crypto truly works and wish to make profits from it, I would advise to invest with a professional like Fergus waylen, It helps secure and minimize the possibilities of losses.
I'm honestly surprised that this name is being mentioned here, I stumbled upon one of his clients testimony last week in CNBC world news
We need the book's to come back in stocks! They're all sold out!!!
Proof of work is different than proof of staking
I was thinking the same thing for someday.
May Allah make us from his true servants
Ruben, nome português. Revertido?
Ameen
@@RespeitinhoEBomEEuGosto sim, sou ^^
graças a Deus
Blockchain technology is often criticized for being haram because the currencies it produces have no intrinsic value. Instead, their value is based on market cap and supply, which can lead to extractive behavior and speculation. In contrast, Holochain allows for the creation of asset-backed mutual credit currencies that have intrinsic value and are based on the principle of mutual credit. This is more aligned with Islamic principles, as it encourages cooperation and mutual support rather than speculation and extractive behavior.
One of the key differences between Holochain and blockchain is the way they handle scalability. Blockchain technology relies on consensus and a data-centric approach, which can create bottlenecks when it comes to scaling applications. Holochain, on the other hand, is agent-centric and mimics nature, with each app having its own DNA and agents keeping records of their own chain. Witnesses maintain the consistency of the system, which allows for greater scalability and efficiency.
Another important feature of Holochain is its immune system, which helps to prevent attacks and maintain the integrity of the system. This immune system is based on the principles of redundancy, diversity, and adaptation, and helps to ensure that the system remains secure and stable over time.
When it comes to asset-backed mutual credit currencies, Holochain offers a unique design that is more aligned with Islamic principles. These currencies are based on the principle of mutual credit, which means that they are created by the community and backed by the assets of the community. The net supply of these currencies is always zero, which helps to prevent inflation, and the active supply breathes with the economy, which helps to ensure that the currency remains stable over time.
Holochain offers many benefits over traditional blockchain technology, including greater scalability, efficiency, and security, as well as the ability to create asset-backed mutual credit currencies that are more aligned with Islamic principles. Whether you are interested in building decentralized applications or simply want to learn more about the potential of this exciting new technology, Holochain is definitely worth exploring further.
To add:
Both blockchain currencies and fiat currencies are often considered "fake money" because they are created out of thin air and have no intrinsic value. In contrast, asset-backed mutual credit currencies are based on real assets and represent a real economy.
With Holochain, it is possible to create asset-backed mutual credit currencies that are based on the principle of mutual credit. These currencies are created by the community and backed by the assets of the community, which gives them real value and helps to prevent inflation.
The mutual credit system is a real economy that is based on cooperation and mutual support rather than speculation and extractive behavior. This is more in line with Islamic principles, which promote cooperation and mutual support over individualism and greed.
Holochain offers a unique opportunity to create a real economy that is based on real assets and real value, rather than speculation and extractive behavior.
What is the name of his institute
Need shaykh hasan ali on the channel. One of the most popular uk scholars among the youth.
we need to make it happen!
Youth who follow deobandism*
Sheikh Muhammad Ibn Adam al kawthari
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He mentioned working class to middle class as if they are separate. They are both working class citizens just a wage/status difference
Can we take knowledge from this imam Asrar I'm just asking is he follows the Sunnah sorry my English is not good enough to explain in details my question I'm just asking ??
Yes he is on Quran and Sunnah
I think the problem Shaykh had here respectfully is not everything in Islam needs rationalising. The point of Gold vs paper currency. Yes, it is true to say that Gold has greater intrinsic value to us right now as it has functional uses outside of a value exchange as compared to paper currency wherein the paper could be burned for example (cough cough plastic UK notes now though!). The point was, let's say there is a certain level of Gold in the world, and it can only be found in certain places therefore new supplies are limited by geography and ability to extract into the market. This wouldn't stop governments hoarding and releasing/taking back Gold into their reserves to change its relative value just like paper currency where more is printed. Gold does however offer greater stability over longer terms and if it was universally traded globally then it would be relatively far more difficult to manipulate its relative value.
That's why Shaykh was advocating the caliphate. If there's no nation-state system and the world follows the basic rules of islam, then you wouldn't see golds being hoarded in certain areas. Rather it would be distributed according to demand and productivity of the people.
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Intellectual discussion but Ibrahim needs to stop cutting off the Shaykh mid sentence
Interesting take on crypto... I think he has valid point but there is a flip side regarding value up and down, but then there is supply and demand, same applies to shares and stock... Also there is block chain technology.... Which can be considered as the technology investment....
Not true, because crypto is backed by sentiment and market psychology
Stocks are actual divisions of a companies value, which generate profit
So the nuance is important
@@the_one1001 shares are back we by sentiment too which could lead to movement in price...
14:58 what is the salahudin tax?
I think shiekh couldn’t rebut host argument of fiat currency. And i believe depiction of employment law (referred incorrectly as corporate law) was not very accurate.
Yes, I wanted more of a detailed conversation on that.
Salam brother just a request could you contact shaykh asrar rashid to get in contact with shaykh abdul majid he would love to do a podcast with shaykh asrar please if you can inshallah jzk
I studied and You studied,it ain't same lol he is scholar bro
Where is Birmingham Sheikh teaches. Also there was a hint of King being Muslim what was that about?
is it bad to keep up with
politics
About nuclear weapons - they are abhorant, I think militarily today they are essential as a detterent for weaker nations. If you can compete at a conventional level with the strongest of nations, then you wouldn't need them. Anyone who uses them will be commiting a sin, though it may be a neccasary sin to win a dunya based goal.
I understand islam doesn’t advocate “absolute growth/productivity”. But how do you define it? For obvious reason, you have compete in resources against rival states/kingdoms/civilisations. Otherwise, like ottomons you could be turn into sick man of Europe. The idea is that you have complete in resources of power in order maintain existence of state, whether islamic or otherwise
Compete*
A real aalim
Nuclear weapon argument is completely flawed. Nuclear fallout argument assumes that your enemy (few individuals making decisions during war) will always act rationally. History consistently disagrees with that
Obviously there is alot that can be argued on this topic.
Could u some how orange pill Shyak Asrar Rashid? Get him on a podcast with saifedean ammous
Is it only me Who thinks these Questions should be been asked to Shiekh Imran Rather than to Sheikh Asrar.
There is always a subject in which a person is specialized and there is no one more specialized then Sheikh imran
Let not differences make u stay away from knowledge
Sheikh imran😂😂😂😂
Who believes that Putin is zulqarnain (nauzubillah)
@@BABA-ORUC1761 perhaps these scholars could explain how they believe Cyprus is Zulkarnain
Brother you should not be cutting across the sheikh like that. Let him finish….
The salaf would say learn manners before seeking knowledge
USA completely decoupled from gold in 1971 not 1913
They started from 1913.
Bitcoin (not crypto) has outperformed every other asset since 7-8 years ago. If you bought and held you did well. Gold has gone nowhere
Gold has been used in trade for more then 5000 years, currency and all the others so called holders of valve have come and gone.
@@themind2350 Of course. But now it’s not and it’s cumbersome to carry the metal. There’s fraud as well so you have to assay it. Until a government mints in gold/silver and stands behind it, you have this issue. It’s a digital world and bitcoin is the gold for this world
@@themind2350in the Muslim world we use to use glass as a form of currency
:))
unconvincing responses or discussions in the following points : the difference between gold backed currency and crypto. the current life standards globally are better because of capitalism not because technical advances. workers have better representation and rights under Islamic ruling v.s. capitalism . May Allah protect the Shaikh but this is clearly not his domain. I don't blame him, you can't discuss hypothetical (Salaf economy) without actual practice.
Fear God you questioner. In you children and wealth is a FITNA! The poor muslims will enter Patadise 500 YEARS before the rich muslims.
Everyone: be patient and greatful with what we gave, stop having kids you cannot give proper Tarbiyah to and focus on After-Life rather than this life and if its too difficult you need to do Hijrah. Also poor people who waste time remain poor but those who work hard persistently will Insha-Allah escape poverty.