It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Brian! Imagine i invested $50,000 and received $190,500 after 14 days
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
Interesting and very informative. The struggle with implementing the Islamic Finance system is the on-going and ever increasing backlog of countries indulged with Conventional Financing. They have dues, over dues and liabilities attached to the system which cannot be converted swiftly. Is there a way to create a road map that allows countrries to eventually shift out of conventional banking to An Islamic Banking system?
I believe it is essential to develop comprehensive literature that defines terms and concepts in a manner that can stand head-to-head with existing economic and political theories-such as capitalism, communism, and democracy-by weaving Islamic principles together with the best modern theories from any background that do not conflict with Islamic values, because "wisdom is the lost property of the believer" (الحكمة ضالة المؤمن). This approach aims to formulate a modern theory of politics, economics, and even philosophy that not only counters these prevailing systems but also incorporates their positive aspects, recognizing that not everything in these theories is inherently negative. Instead of blindly opposing other viewpoints, we should adopt the best of all worlds, allowing Islamic theories of governance in these key areas to thrive and continually update by following an open-minded approach that remains fully aligned with the objectives of Sharia (مقاصد الشريعة) and is enshrined within Islamic law.
Furthermore, there are numerous qualified individuals who can contribute to this endeavor, such as those within the IFG network and other experts in the field. To bring this vision to fruition, we need to start with a blank canvas, developing these theories from the ground up, while also formulating practical migration plans that serve as step-by-step guides on how to get there. This dual approach ensures that we are not only constructing robust theoretical frameworks but also providing actionable strategies for implementation. By harnessing the collective expertise of scholars, economists, and policymakers, and fostering collaboration across disciplines, we can create a dynamic and evolving body of work. This initiative would not only align fully with the objectives of Sharia (مقاصد الشريعة) but also adapt to contemporary challenges, allowing Islamic principles to thrive alongside the best aspects of modern theories. Embracing innovative ideas and open-minded dialogue will enable us to develop practical guides and governance models that are both ethically sound and practically effective, paving the way for a more just and balanced society.
I’m happy u talk about this. It’s a great work. More Muslims should’ve woken up. Islam doesn't only prohibit Riba [Usury] but also Gharar [Unclear Risk] and Maysir [Speculation]. Every economic crash in men’s history always had 1 of these 3 factors playing out in it. But Islamic Monetary System is not gonna work under current toxic culture we’re living in where everyone tends to be dishonest or does secret corruption. I agree with another comment under this video, it is hard to implement Islamic Monetary System without the implementation of sincere and genuine Islamic laws in every layer of leadership. Gold & Silver Backed Currency is definitely a way to go but we all should also remember how The Romans secretly did a debasement to their gold/silver resulting in widespread distrust amongst people and eventually economic crash. So a good will without good awareness and good execution will always equally possess similar risk of failure anywhere in every point in time.
Generally a good video, but unfortunately this misses a very important mark, the islamic economic system can only really be fully applied and WORK under an Islamic system/Islamic state, i.e. the Caliphate/Khilafah. Otherwise, trying to retrofit it into the current un-islamic systems of today will bound to fail! It's a shame how so few Muslims are educated on these matters...
I have a question. At 3:57 you said: "There is no longer enough money in the entire system to pay off all of the debts that are due. Just think about that for a second. So we are gonna be forced to continue to issue more debt to keep the merry-go-round going..." But on an imaginary Earth with Gold-Standard and with zero interest rate, there can still be scenarios in which total debt is bigger than the amount of gold available. Imagine a very wealthy person that lends Gold to someone, then acquires that Gold again through business, and then lends it again. I would appreciate if you elaborate a bit on these scenarios.
is it permissible to monetize a TH-cam channel that creates financial/investment content? I'm worried that the ads may be suggesting haram like interest based things etc.
Thanks for the valuable video. I tried trading with small amounts of money with the so-called Islamic account in the stock market, but unfortunately it was a complete failure, and I blame myself for being deceived by the title "Islamic" and the core of it was completely the opposite. I saw your video about trading and it was interesting and precious. I have quitted and I am looking for a purely halal investment. Allah bless you.
Could you please elaborate on your comment, “there is no longer enough money in the system to pay off all the debts that are due”, If someone has a debt this necessitates that someone somewhere has the corresponding amount in credit, so the sum of all debts must equal the sum of all credit and thus there must be enough money to pay off all debts. Please correct me if I am missing something
If you add interest with the original debt amount, there is not enough money in the system to pay off original amount + interest. Not every debtor will make profit on the loaned amount and hence be capable of paying off interest. This also amplifies wealth inequality as the rich get richer (by loaning money) and the poor gets poorer (unable to pay off debt leads to selling off remaining assets or becoming debt-slaves). For the rich the risk is practically non-existent while the poor disproportionately takes on most of the risk. Hope this clarifies things.
Fiat money really should just be called Riba money. That way people will know the most important aspect of the system that has to change to achieve an Islamic Economy. We have to stop using Riba money.
appreciate the insights! you can make it even more simpler by cooking up some examples of regular Joe and his money and world changes over time. Allahumma Barik!
Divine revelation dictates that. If you don't believe in the divine dictation on the effects of things, then nothing determines helpfulness as all arguments would be subjective.
1. The rationale for prohibition of interest is not explained in the Quran or Hadeeth AFAIK. So not sure we should be saying "riba is prohibited because xyz..."??? I'm not shaykh but didn't think it was appropriate to guess the rationale. 2. The Western system overall, including the taxation system which takes far more than 2.5% of wealth, may be MORE distributive of wealth than the Islamic system. Let's be fair in the analysis. 3. We Muslims I think overblow the impact of riba and it's "unfairness" to the general masses in the UK context. Most people just have a house with a mortgage and that is seen as a way of increasing wealth vs the Pfida-style approach which, based on history, would not increase the average individual's wealth as much as the Western riba-system as the rent increases to market value each year with Pfida. Yes for sure some people get caught in a debt trap but that's the a tiny minority.
1.2. Good points, but Zakat would have very few loopholes for the richest to utilise to not pay it, unlike tax. It is also not levied at all on the poorest, unlike taxes, which have a threshold yes, but the poorest still end up paying something,when they need it most. Zakat can only be spent on the poorest, whereas everyone in society can benefit from tax spending, even the richest, e.g. NHS, police, defence, etc. 3. Pfida and others are not necessarily ideally Islamic. They work within the Western system. The effects of big corps. and banks dealing in interest trickle down to snall businesses, consumers, and borrowers. But even at that level, most business take loans and mortages mitigate risks for lenders and put most of it.on borrowers, whilst the greater benefit goes the other way
1.2 So is 2.5% zakat more distributive from rich to poor than 40% income tax, 40% Inheritance tax, 24% capital gains tax 20% VAT etc. etc.? That's my point. A non-Muslim would just laugh at you if you said Zakat was more distributive let's be real. Zakat has many loopholes too, if we define loophole as finding ways not to pay. Easy to pay less than 0.1% zakat on your total wealth if you're very rich and know how zakat works.
@@topoitaly yes it is more distributive, because it can ONLY be spent on the most needy. The question isn't the percentage, but recipients and beneficiaries. And zakat is just one source of revenue. An Islamic giv may also have other tax revenues
People who have been reliant on interest money and fiat currency would dislike this video for sure because their thought horizon is critically shallow.
@@DANGARJOR quite a lot, he has no understanding of what he's saying, just like people who had no idea of vaccines loved reading something random on Google and regurgitating. Further more, if you're in the UK and you get any benefits from any part of the govt then you are the most guilty of enjoying a free unislamic ride.
@@sillynilly7513 you're another unqualified person making comments. If you live in the UK and breath the air, use the parks, the roads etc then you are living on the system that you have talked about. If you want an Islamic system, please see Iraq, Syria, gaza, Pakistan... move there.
It's a blessing to find this channel. New subscribers here, Indonesian Muslim who work in Japan.
Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments.
It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Brian! Imagine i invested $50,000 and received $190,500 after 14 days
Absolutely! Profits are possible, especially now, but complex transactions should be handled by experienced market professionals.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
Interesting and very informative. The struggle with implementing the Islamic Finance system is the on-going and ever increasing backlog of countries indulged with Conventional Financing. They have dues, over dues and liabilities attached to the system which cannot be converted swiftly.
Is there a way to create a road map that allows countrries to eventually shift out of conventional banking to An Islamic Banking system?
Very informative and thought-provoking!
didn’t have to do AJ like that 😂
I believe it is essential to develop comprehensive literature that defines terms and concepts in a manner that can stand head-to-head with existing economic and political theories-such as capitalism, communism, and democracy-by weaving Islamic principles together with the best modern theories from any background that do not conflict with Islamic values, because "wisdom is the lost property of the believer" (الحكمة ضالة المؤمن). This approach aims to formulate a modern theory of politics, economics, and even philosophy that not only counters these prevailing systems but also incorporates their positive aspects, recognizing that not everything in these theories is inherently negative. Instead of blindly opposing other viewpoints, we should adopt the best of all worlds, allowing Islamic theories of governance in these key areas to thrive and continually update by following an open-minded approach that remains fully aligned with the objectives of Sharia (مقاصد الشريعة) and is enshrined within Islamic law.
Furthermore, there are numerous qualified individuals who can contribute to this endeavor, such as those within the IFG network and other experts in the field. To bring this vision to fruition, we need to start with a blank canvas, developing these theories from the ground up, while also formulating practical migration plans that serve as step-by-step guides on how to get there. This dual approach ensures that we are not only constructing robust theoretical frameworks but also providing actionable strategies for implementation. By harnessing the collective expertise of scholars, economists, and policymakers, and fostering collaboration across disciplines, we can create a dynamic and evolving body of work. This initiative would not only align fully with the objectives of Sharia (مقاصد الشريعة) but also adapt to contemporary challenges, allowing Islamic principles to thrive alongside the best aspects of modern theories. Embracing innovative ideas and open-minded dialogue will enable us to develop practical guides and governance models that are both ethically sound and practically effective, paving the way for a more just and balanced society.
I’m happy u talk about this. It’s a great work. More Muslims should’ve woken up. Islam doesn't only prohibit Riba [Usury] but also Gharar [Unclear Risk] and Maysir [Speculation]. Every economic crash in men’s history always had 1 of these 3 factors playing out in it. But Islamic Monetary System is not gonna work under current toxic culture we’re living in where everyone tends to be dishonest or does secret corruption. I agree with another comment under this video, it is hard to implement Islamic Monetary System without the implementation of sincere and genuine Islamic laws in every layer of leadership.
Gold & Silver Backed Currency is definitely a way to go but we all should also remember how The Romans secretly did a debasement to their gold/silver resulting in widespread distrust amongst people and eventually economic crash. So a good will without good awareness and good execution will always equally possess similar risk of failure anywhere in every point in time.
Generally a good video, but unfortunately this misses a very important mark, the islamic economic system can only really be fully applied and WORK under an Islamic system/Islamic state, i.e. the Caliphate/Khilafah. Otherwise, trying to retrofit it into the current un-islamic systems of today will bound to fail!
It's a shame how so few Muslims are educated on these matters...
Many Muslims are well aware of that but there's a huge practical challenge in creating a complete Islamic system in this westernized world.
I have a question. At 3:57 you said:
"There is no longer enough money in the entire system to pay off all of the debts that are due. Just think about that for a second. So we are gonna be forced to continue to issue more debt to keep the merry-go-round going..."
But on an imaginary Earth with Gold-Standard and with zero interest rate, there can still be scenarios in which total debt is bigger than the amount of gold available.
Imagine a very wealthy person that lends Gold to someone, then acquires that Gold again through business, and then lends it again. I would appreciate if you elaborate a bit on these scenarios.
masha Allah
is it permissible to monetize a TH-cam channel that creates financial/investment content? I'm worried that the ads may be suggesting haram like interest based things etc.
💯💯💯💯
Have you done a video on VC concept in light of Islamic economic system?
Thanks for the valuable video. I tried trading with small amounts of money with the so-called Islamic account in the stock market, but unfortunately it was a complete failure, and I blame myself for being deceived by the title "Islamic" and the core of it was completely the opposite. I saw your video about trading and it was interesting and precious. I have quitted and I am looking for a purely halal investment. Allah bless you.
zakat = wealth tax, we already pay 45% in the UK.
Could you please elaborate on your comment, “there is no longer enough money in the system to pay off all the debts that are due”, If someone has a debt this necessitates that someone somewhere has the corresponding amount in credit, so the sum of all debts must equal the sum of all credit and thus there must be enough money to pay off all debts.
Please correct me if I am missing something
If you add interest with the original debt amount, there is not enough money in the system to pay off original amount + interest. Not every debtor will make profit on the loaned amount and hence be capable of paying off interest. This also amplifies wealth inequality as the rich get richer (by loaning money) and the poor gets poorer (unable to pay off debt leads to selling off remaining assets or becoming debt-slaves). For the rich the risk is practically non-existent while the poor disproportionately takes on most of the risk. Hope this clarifies things.
Fiat money really should just be called Riba money. That way people will know the most important aspect of the system that has to change to achieve an Islamic Economy. We have to stop using Riba money.
Salam! Can I buy a house in Ireland in a halal way?
appreciate the insights!
you can make it even more simpler by cooking up some examples of regular Joe and his money and world changes over time.
Allahumma Barik!
Who or how is something determined to be helpful or harmful to society? Somethings are move obvious while other things are more complicated.
Divine revelation dictates that. If you don't believe in the divine dictation on the effects of things, then nothing determines helpfulness as all arguments would be subjective.
Turbo coin and not coin halal aur haram
Degen coin halal aur haram
1. The rationale for prohibition of interest is not explained in the Quran or Hadeeth AFAIK. So not sure we should be saying "riba is prohibited because xyz..."??? I'm not shaykh but didn't think it was appropriate to guess the rationale.
2. The Western system overall, including the taxation system which takes far more than 2.5% of wealth, may be MORE distributive of wealth than the Islamic system.
Let's be fair in the analysis.
3. We Muslims I think overblow the impact of riba and it's "unfairness" to the general masses in the UK context. Most people just have a house with a mortgage and that is seen as a way of increasing wealth vs the Pfida-style approach which, based on history, would not increase the average individual's wealth as much as the Western riba-system as the rent increases to market value each year with Pfida.
Yes for sure some people get caught in a debt trap but that's the a tiny minority.
1.2. Good points, but Zakat would have very few loopholes for the richest to utilise to not pay it, unlike tax. It is also not levied at all on the poorest, unlike taxes, which have a threshold yes, but the poorest still end up paying something,when they need it most. Zakat can only be spent on the poorest, whereas everyone in society can benefit from tax spending, even the richest, e.g. NHS, police, defence, etc.
3. Pfida and others are not necessarily ideally Islamic. They work within the Western system. The effects of big corps. and banks dealing in interest trickle down to snall businesses, consumers, and borrowers. But even at that level, most business take loans and mortages mitigate risks for lenders and put most of it.on borrowers, whilst the greater benefit goes the other way
1.2 So is 2.5% zakat more distributive from rich to poor than 40% income tax, 40% Inheritance tax, 24% capital gains tax 20% VAT etc. etc.? That's my point. A non-Muslim would just laugh at you if you said Zakat was more distributive let's be real.
Zakat has many loopholes too, if we define loophole as finding ways not to pay. Easy to pay less than 0.1% zakat on your total wealth if you're very rich and know how zakat works.
@@topoitaly yes it is more distributive, because it can ONLY be spent on the most needy. The question isn't the percentage, but recipients and beneficiaries. And zakat is just one source of revenue. An Islamic giv may also have other tax revenues
a lawyer who doesn't understand business or finance. come on man... get some people with real knowledge
What did he say that was factually incorrect?
People who have been reliant on interest money and fiat currency would dislike this video for sure because their thought horizon is critically shallow.
@@DANGARJOR quite a lot, he has no understanding of what he's saying, just like people who had no idea of vaccines loved reading something random on Google and regurgitating. Further more, if you're in the UK and you get any benefits from any part of the govt then you are the most guilty of enjoying a free unislamic ride.
@@sillynilly7513 you're another unqualified person making comments. If you live in the UK and breath the air, use the parks, the roads etc then you are living on the system that you have talked about. If you want an Islamic system, please see Iraq, Syria, gaza, Pakistan... move there.