One thing I would just like to add is Brothers and Sisters ya’ll better be buying gold and silver! And I mean bullion (bars, coins, 24k accessories) rated 999.99 pure gold or silver! Platinum is another great option, that doesn’t get a lot of attention!
I'm sorry but his example of risk sharing is incorrect. The Bank takes a risk-adjusted profit. It takes a profit rate commensurate to the risk it is taking.
Get to the point please. So many examples but don't clearly address the issue. And what to do if there are no other options. This is why so many people are confused
Please explain about rent of house or apartment is that not riba is not why not.here also person invested amont without any lost he gets rent all the time without risk
how do we beat this system? You cant own a home or even a car without using a loan. You can't raise a family without owning a home. Rental is only good short-term. It is not a good long-term solution for shelter.
I will tell my story dear brother. I build my home with home loan and later I realized this will come under riba and I locked.Alhamdulillah very few amount remaining then I lost my job.But I decided to quit loan even if I am taking a vehicle. Then I evenly patiently waited for a long period of time.I never bought a vehicle even though it was necessary for my family need. one day there was a government supporting organisation providing CSR program with 50% subsidy.Which means I got a scooter which cost 112000 for 56000.Never happened this in my country and when first time happened Allah chosen me .Just be ponder and be patient and ask Allah.May be it ll take time but this will take away from the Sin of Riba.Then I started deviating from my all bank related with Riba.Insha Allah few more things left ,with the Grace of Allah it will be eliminated. May Allah fulfill your needs brother .
One thing I would just like to add is Brothers and Sisters ya’ll better be buying gold and silver! And I mean bullion (bars, coins, 24k accessories) rated 999.99 pure gold or silver! Platinum is another great option, that doesn’t get a lot of attention!
Waiting for the next part.
Very nice insight
Very well explained
❤❤❤❤ love form new Zealand ❤❤
I'm sorry but his example of risk sharing is incorrect. The Bank takes a risk-adjusted profit. It takes a profit rate commensurate to the risk it is taking.
Get to the point please. So many examples but don't clearly address the issue. And what to do if there are no other options. This is why so many people are confused
I agreed. Straight to the point about mortgage
Mortgage is haram its simple a riba.
I commented on top for the solution .
Please explain about rent of house or apartment is that not riba is not why not.here also person invested amont without any lost he gets rent all the time without risk
how do we beat this system? You cant own a home or even a car without using a loan. You can't raise a family without owning a home. Rental is only good short-term. It is not a good long-term solution for shelter.
I will tell my story dear brother. I build my home with home loan and later I realized this will come under riba and I locked.Alhamdulillah very few amount remaining then I lost my job.But I decided to quit loan even if I am taking a vehicle. Then I evenly patiently waited for a long period of time.I never bought a vehicle even though it was necessary for my family need. one day there was a government supporting organisation providing CSR program with 50% subsidy.Which means I got a scooter which cost 112000 for 56000.Never happened this in my country and when first time happened Allah chosen me .Just be ponder and be patient and ask Allah.May be it ll take time but this will take away from the Sin of Riba.Then I started deviating from my all bank related with Riba.Insha Allah few more things left ,with the Grace of Allah it will be eliminated.
May Allah fulfill your needs brother .
@@muhammedmuneer20 I can understand avoiding renovation or vehicle loan but home loan is extremely difficult to avoid.
@@hadishamson393 I understand.May Allah make Easy for us and forgive our sins...Ameen