"Islamic" banks are doing classic "seller financing" with a twist. The first contract is a purchase of the home, usually _far_ above market price to account for future value of banks funds, with a 0 % loan, and the second is a rental agreement, which is pure profit. So, I am renting the house I just overpaid for. The rental agreement combined with the purchase price should never exceed market pricing as a total. The "service" of Muslims lending money is supposed to be interest free... so why am I paying even more than if I were at a bank, for this "service" by it's design? So, if they are profiting, fine; the question is how much? Quantify it. 2nd, if Muslim banks aren't profitable in the start up stage, it is not because they are writing non-profit contracts, but because their contracts were way too fiscally oppresive and couldn't pull in enough customers away from other banks. Remember, as a bank, they borrow money at far below market rates, and lend it out to you. Thus, the measure of a good contract is how much the home buyer is spending vs the regular bank. Finally, Zakat is not a tax... but charity by design to improve their lives. The point isn't to give it to politicians. Taxes are a tithe to politicians and elites to buy their 700 civilian killing military bases and trillions of dollars in weapons. Comparing the two is like comparing Kamala Harris with Saydnah. Mariam (A). I hate being a contrarian, but this video makes it really hard to agree with. I honestly don't want to see anymore videos from him..
Bitcoin's volatility isn't the same as Bitcoin's risk. And When you understand both, you realize neither is an issue. Bitcoin's volatility to the upside is what makes it so popular, and unfortunately, its volatility is going down over time. And Bitcoin is actually a hedge against the risk of debased fiat currency, specific countries stock markets, etc. The more you learn why Bitcoin exists, the less risky it will seem to you. Enjoy your inflation instead I suppose.
if i were to call you by all the names people have called you in your life, you would say 99% of it is rubbish slander. so what's the point of bringing that up? bring your proofs if you are truthful instead of partaking in slander
Well said. There is a hadith about just that statement. On the authority of Abu 'Abdullah al-Nu'man bin Bashir (ra) who said: I heard the Messenger of Allah(sas) say: "The halal is clear and the haram is clear, and between them are matters unclear that are unknown to most people. Whoever is wary of these unclear matters has absolved his religion and honor. And whoever indulges in them has indulged in the haram. It is like a shepherd who herds his sheep too close to preserved sanctuary, and they will eventually graze in it. Every king has a sanctuary, and the sanctuary of Allah is what He has made haram. There lies within the body a piece of flesh. If it is sound, the whole body is sound; and if it is corrupted, the whole body is corrupted. Verily this piece is the heart." [Bukhari & Muslim]
I really appreciate the brother who gives the example of how halal the chicken is. I have also worked in a slaughter for a short period of time where there was no stunning and still the product was quite fast. What about the stunned slaughter houses, where the production is super fast!!! Also, official research states that after stunning, 1 out of 3 chicken dies. BIG ISSUE, but still labelled as Halal.
bro you just gave a fatwa "I can understand out of necessity" do you want to be held accountable on the day of judgement for all the people who take out the loan because you said out of necessity. may Allah guide us all. Ameen.
That’s why it’s important to know the basics in Islam Like the creed specifically Wall’aa & Barr’aa if you don’t know what that means search it up cause it can lead you to be like this Rabbi Faris we have.
Ibrahim you made an interesting video about halal insurance and mentioned at the end about making a video on life insurance. Please can you advise about life insurance permissibility or impermissibility Jazakallah khair
Assalaamu alaykum. Please can you make a vid about the 5% and 30% AAOIFI rules? Still not sure how they came to their decision from that one Hadith re inheritance amount. Is there scholarly consensus around these numbers/the screeening criteria as a whole?
My personal take on your last reaction about muslim dress code and the shariah, I think is fair to associate the versatility of the “thobe” as the best piece of clothing to achieve islamic modesty but also a great way to connect/express our muslim identity. Somehow for some people in professional circles have a valid entitlement to have that strong desire to communicate our values like the brother mentioned. Btw I am not disagreeing in a way with you Akhi and Jazak Allah for this Amazing Video I personally would love to see more of this content as it was very informative and insightful Jazak Allah Kheir.
I have asked different scholars and all agree you can put different prices for the people who wants to pay immediately And those who want to pay in installments, this is not considered usury.
Islam is fair on all levels when it comes to how we deal with finance to create an equitable world. Our wealth is meant to circulate to reach those at the bottom. We are to be fair in trade.
Zakat is not a tax. Allah says, "Give Zakat," you give. It's charity and you can decide where to give it. Which tax do you know where you can decide where the money goes? In the UK, they name taxes, but the money goes to other things (like road tax, not exclusively going on road repairs, etc). Allah says Zakat doesn’t decrease your wealth. In fact, it's the opposite. In fact, it's an investment in the hear after, and the return can be 700x! If you can't Can't afford to give it, you're exempt. Try that with council tax. 😂
Zakat is considered as a Tax by many because during the time of the Prophet (PBUH) and during the Rashidun Caliphate the administration was responsible for collecting and distributing Zakat.
@@_truthful_q_ then leave the UK, otherwise the taxes pay for your freedom and your civilised life. You don't like it, pay no taxes in Afghanistan... Good luck.
Brother, with ALL due respect, if the Government do not guarantee their currency value, one can as well use tissue paper as a means of currency. The guarantee of the Government is the approval that it is a legal tender, approved by the Government of that country.
Regarding student loan. It is not something you just encounter it out of nowhere and everyone is shocked. The ideal scenario is that parents are aware of this and prepare their kids mentally accordingly and look for alternative much earlier, say when they are freshman in high school. It is a bit stupid to just wait till last moment and think if it is ok to take a loan, and now it is a must to take it blah blah. We can do better, come on
I feel you don't like Saudi Arabia - you agreed what the brother with Moroccan thobe said. but made a judgment that if you wear a white thobe and red keffiyeh that doesn't mean you are a better Muslim. but didn't say anything when Mufti Menk spoke. I would recommend everyone to read Kitab At Tawheed : Muhammad bin Abdul-Wahhab.
Allahumma baarik there are many great scholars of quran and sunnah around the world. I just highlighted 1 from saudi arabia as people just make fun of abdul wahaab. Read the book inshahallah will help.
@@mohammed_888 of course there are, and there are many that have done more for the religion than him, however his books are still very beneficial especially for us today. Seeing as most of his books have little-to-none commentary by him, and most of it is "Allah said" and "The Messenger of Allah said"
Its a pretending game , people pretends to buy but renting. Bank pretends to rent but selling. Hijab has a point. Its a rip off , the traditional banks will say when you cant pay a part of the price " you paid the interest only so the car is ours" sameway in islamic banks say " we just rented you thjs car so the car is ours". Its just confirming that the bank is always in a safer area than buyers. This is complete crap.
Is working in valuations of financial derivatives entails haram income? It is not like I am trading derivatives myself, but by coming up with fair price in financial advisory capacity, I pretty much help derivatives traders. Hence I am in dilemma and need your opinion?
There is no such thing as a halal mortgage which currently exists. Invest in yourselves, learn a skill that pays you well, ideally through your own business. You will soon be able to save up money. You can than just invest in gold or other halal simple businesses until you have save enough to buy a house.
Its exploitative if no risk taken by the "islamic bank" hence why islamic council rule out some of the banks. Regardless its too expensive to do it by any of these banks!
HSBC Amanah finance in the UK kept changing the deal. Rate based on the inter bank based rate. Then, I tracked twice a year. Then, tracked four times a year. In UAE, you can find a property off plan, pay 10% and 50% over the construction. Then, have a payment plan for the rest. So, it's possible. In the UK, though, greed is king.
Why are muslims afraid of renting or don't like renting? It's our wrong thinking because we think when we are renting, we are wasting our money, which is totally wrong, and no matter whatever reason they all give it comes down to is wealth, which isn't wrong in islam it's how you have earned that wealth. Is it through mortgage and paying interest?.
He is 'talking his own book'. He uses the "hughs and colours" to justify opinion on matters that are likely best avoided. The Hadith of Imam Ali (عَلَيْهِ ٱلسَّلَامُ) states, The most destructive thing is doubt and uncertainty, and the most constructive thing is piety and keeping aloof from sin. Why deal with uncertainty unless the profit$ before....?
some of these financial advice is just general garbage. Almost like some forex guys who say "buy low, sell high". LOL. The sikh guy is just a grifter, he hasn't really got any real practicable advice, he's just regurgitation the same old general stuff like "buy assets not liabilities"
You are reviewing people who are using hadith and ayat to address issues and you somehow assume that it is up to you to affirm their arguments using your logic
![[#2024MAMA] ROSÉ (로제), Bruno Mars - APT. | Mnet 241122 방송](http://i.ytimg.com/vi/dgGqD28J6aQ/mqdefault.jpg)
Nothing wrong with renting!!! The obsession for buying your own house is not the only option in life to build assets
fr, idk why ppl r so against it
And paying for someone else’s mortgage?
@themiddleway7825 and hence save your akhirah. No assets worth taking risk for. A brother passed away this week who still had mortgage.
@IsraUmar becayse they gave been brainwashed by media to support banking industry and riba practiced
Giving respect to this So called scholar would be direct disrespect to the people of Gaza 😢.. sham on him
??
@@ananasfraise4303he justifies what Israel is doing (the guy with the white beard)
Rabbi faris of Israel.
@@ananasfraise4303 Faris Hammadi is a madkhali.
"Islamic" banks are doing classic "seller financing" with a twist. The first contract is a purchase of the home, usually _far_ above market price to account for future value of banks funds, with a 0 % loan, and the second is a rental agreement, which is pure profit. So, I am renting the house I just overpaid for. The rental agreement combined with the purchase price should never exceed market pricing as a total. The "service" of Muslims lending money is supposed to be interest free... so why am I paying even more than if I were at a bank, for this "service" by it's design? So, if they are profiting, fine; the question is how much? Quantify it.
2nd, if Muslim banks aren't profitable in the start up stage, it is not because they are writing non-profit contracts, but because their contracts were way too fiscally oppresive and couldn't pull in enough customers away from other banks. Remember, as a bank, they borrow money at far below market rates, and lend it out to you.
Thus, the measure of a good contract is how much the home buyer is spending vs the regular bank.
Finally, Zakat is not a tax... but charity by design to improve their lives. The point isn't to give it to politicians. Taxes are a tithe to politicians and elites to buy their 700 civilian killing military bases and trillions of dollars in weapons. Comparing the two is like comparing Kamala Harris with Saydnah. Mariam (A).
I hate being a contrarian, but this video makes it really hard to agree with.
I honestly don't want to see anymore videos from him..
spot on
Indeed
Bitcoin's volatility isn't the same as Bitcoin's risk. And When you understand both, you realize neither is an issue. Bitcoin's volatility to the upside is what makes it so popular, and unfortunately, its volatility is going down over time. And Bitcoin is actually a hedge against the risk of debased fiat currency, specific countries stock markets, etc. The more you learn why Bitcoin exists, the less risky it will seem to you. Enjoy your inflation instead I suppose.
You can buy gold.
Haha
@@_truthful_q_ facts
Fiat money is backed by debt while bitcoin is not debt
@@Fromtheseatoriver No debt, ✅️ - but what is it? 🧐
Love your point regarding not being deceived about how people dress or even where they have studied to necessarily know the subject.
Farris is accused of being a zionist, some even call him Rabbi Farris.
if i were to call you by all the names people have called you in your life, you would say 99% of it is rubbish slander. so what's the point of bringing that up? bring your proofs if you are truthful instead of partaking in slander
Yh the same people who follow an "ex-shia" who calls for war in Muslim nations whilst sitting in American
So you would takfir a student for making mistakes?👏👏👏
May Allah curse those who call him a zionist. By Allah there is no evidence from this.
@@schuste6there are many proofs coming of his own tongue
There's Halal and Haram. And if its a grey area, its best to leave it.
For example, Nandos is a grey area for me, so i will rather leave it
why is it grey? is it not chicken?
Well said. There is a hadith about just that statement.
On the authority of Abu 'Abdullah al-Nu'man bin Bashir (ra) who said: I heard the Messenger of Allah(sas) say:
"The halal is clear and the haram is clear, and between them are matters unclear that are unknown to most people. Whoever is wary of these unclear matters has absolved his religion and honor. And whoever indulges in them has indulged in the haram. It is like a shepherd who herds his sheep too close to preserved sanctuary, and they will eventually graze in it. Every king has a sanctuary, and the sanctuary of Allah is what He has made haram. There lies within the body a piece of flesh. If it is sound, the whole body is sound; and if it is corrupted, the whole body is corrupted. Verily this piece is the heart."
[Bukhari & Muslim]
Rabbi Faris only views the leaders boot as halal.
Quit calling him a rabbi ya hamar.
Absolutely true.
Rabbi faris of Israel.
@@righteousone1Priest Faris doesn't sound as nice 😅
@@MegaTidehunter Tell yo momma to come clean my bathroom.
"I think" and "It doesn't make any sense" is not a Daleel (evidence).
Always Good to see rabbi Faris
I really appreciate the brother who gives the example of how halal the chicken is. I have also worked in a slaughter for a short period of time where there was no stunning and still the product was quite fast. What about the stunned slaughter houses, where the production is super fast!!! Also, official research states that after stunning, 1 out of 3 chicken dies. BIG ISSUE, but still labelled as Halal.
bro you just gave a fatwa "I can understand out of necessity" do you want to be held accountable on the day of judgement for all the people who take out the loan because you said out of necessity. may Allah guide us all. Ameen.
bro.....
Please don't give attention to Rabbi Faris. Unsubscribed!
We won't miss you, insulting a sheik is beneath you
@@brahimzaidi3849 He's not a sheikh, at best he is a student of knowledge, and even that is pushing it.
@@brahimzaidi3849no sheikh just a spandex wearing cross fit trainer turned agent
@@brahimzaidi3849 He is a clown who mocks at people boycotting pro Israeli products.
@@brahimzaidi3849rabbi faris ibn sheikh ul crossfit 😂😂😂 if you refer to him as a shaykh....feel sorry for you
That’s why it’s important to know the basics in Islam Like the creed specifically Wall’aa & Barr’aa if you don’t know what that means search it up cause it can lead you to be like this Rabbi Faris we have.
Save your akhirah brothers. We are not here for wordly gains. May Allah Protect us all. Ameen
Ibrahim you made an interesting video about halal insurance and mentioned at the end about making a video on life insurance.
Please can you advise about life insurance permissibility or impermissibility Jazakallah khair
Assalaamu alaykum. Please can you make a vid about the 5% and 30% AAOIFI rules? Still not sure how they came to their decision from that one Hadith re inheritance amount. Is there scholarly consensus around these numbers/the screeening criteria as a whole?
Halal Nandos use stunned chicken, so there are different versions of Halal which some may find acceptable vs others
My personal take on your last reaction about muslim dress code and the shariah, I think is fair to associate the versatility of the “thobe” as the best piece of clothing to achieve islamic modesty but also a great way to connect/express our muslim identity. Somehow for some people in professional circles have a valid entitlement to have that strong desire to communicate our values like the brother mentioned. Btw I am not disagreeing in a way with you Akhi and Jazak Allah for this Amazing Video I personally would love to see more of this content as it was very informative and insightful Jazak Allah Kheir.
Can IFG host a webinar on bitcoins, or better still provide a platform in investing in digital currencies?
I have asked different scholars and all agree you can put different prices for the people who wants to pay immediately And those who want to pay in installments, this is not considered usury.
Selling a house more than market price is itself a scam. Lenders are taking advantage of emotions
Islam is fair on all levels when it comes to how we deal with finance to create an equitable world. Our wealth is meant to circulate to reach those at the bottom. We are to be fair in trade.
Please cover the traditional murabaha financing in detail offered by Islamic Finance Institutions/banks.. no one has covered this on social media.
Jazakallahu khairan for the information
My uncle is so well spoken. Yes he is my uncle
Zakat is not a tax. Allah says, "Give Zakat," you give. It's charity and you can decide where to give it. Which tax do you know where you can decide where the money goes? In the UK, they name taxes, but the money goes to other things (like road tax, not exclusively going on road repairs, etc).
Allah says Zakat doesn’t decrease your wealth. In fact, it's the opposite. In fact, it's an investment in the hear after, and the return can be 700x!
If you can't Can't afford to give it, you're exempt.
Try that with council tax. 😂
tax is zakat, it goes to the poor, all Muslims scamming the benefits system, pays for roads etc
Zakat is considered as a Tax by many because during the time of the Prophet (PBUH) and during the Rashidun Caliphate the administration was responsible for collecting and distributing Zakat.
@@_truthful_q_ then leave the UK, otherwise the taxes pay for your freedom and your civilised life. You don't like it, pay no taxes in Afghanistan... Good luck.
@@slapjuice What are you going on about? Seems like you lost your mind. There are more places than Afghanistan. Weirdo.
@arifadnan3224 The root word of Zakat is purification. It's charity, not a tax. It's one of the five pillars of Islam. You knew that, right?
Faris hammadi is someone who says that boycotting isr4eli products is haram.
Brother, with ALL due respect, if the Government do not guarantee their currency value, one can as well use tissue paper as a means of currency. The guarantee of the Government is the approval that it is a legal tender, approved by the Government of that country.
Regarding student loan. It is not something you just encounter it out of nowhere and everyone is shocked. The ideal scenario is that parents are aware of this and prepare their kids mentally accordingly and look for alternative much earlier, say when they are freshman in high school. It is a bit stupid to just wait till last moment and think if it is ok to take a loan, and now it is a must to take it blah blah.
We can do better, come on
Lol @2:05 did you just skip over the fact that it’s two contracts in one sale??
This is another example of why these guys lack credibility. I still dont understand it fully and noone really engages in this topic
Is CFD (only long position) permissible ? i see it as giving advance for asset and then selling it like real estate.
Please make video on buying gold and other metals digitally which have option to get it delivered if one wants.
8:45 I’ve been told using my cat isn’t fair game so she has to be removed from any future videos
Same
Best to keep well away from the dodgy likes of Faris etc.
*Rabbi* Farris doesn’t need anymore attention
I was all ears when you started to break down the rubbery point 🙃🙃😂jk
I feel you don't like Saudi Arabia - you agreed what the brother with Moroccan thobe said. but made a judgment that if you wear a white thobe and red keffiyeh that doesn't mean you are a better Muslim. but didn't say anything when Mufti Menk spoke. I would recommend everyone to read Kitab At Tawheed : Muhammad bin Abdul-Wahhab.
Many more greater scholars of Islam than miaw
Muhammad bin Abdul Wahab was a bloodthirsty extremist fanatic who would have takfeered even you if he was alive today and made you waajib e qatl.
Allahumma baarik there are many great scholars of quran and sunnah around the world. I just highlighted 1 from saudi arabia as people just make fun of abdul wahaab. Read the book inshahallah will help.
@@mohammed_888 of course there are, and there are many that have done more for the religion than him, however his books are still very beneficial especially for us today. Seeing as most of his books have little-to-none commentary by him, and most of it is "Allah said" and "The Messenger of Allah said"
I really enjoying watch this video
Thank you Brother 😊
Sunni and Shias and all Muslims need to unite and put up a united front against the enemies of Islam
Its a pretending game , people pretends to buy but renting. Bank pretends to rent but selling. Hijab has a point. Its a rip off , the traditional banks will say when you cant pay a part of the price " you paid the interest only so the car is ours" sameway in islamic banks say " we just rented you thjs car so the car is ours". Its just confirming that the bank is always in a safer area than buyers. This is complete crap.
Very informative. Thank you
Some university programs require full-time work like being a doctor
Is working in valuations of financial derivatives entails haram income?
It is not like I am trading derivatives myself, but by coming up with fair price in financial advisory capacity, I pretty much help derivatives traders.
Hence I am in dilemma and need your opinion?
yes you are apart of the haram world, helping haram occur.
12:20 - he is a real finance “guru” 🤣🤣🤣🤣🤣🤣 hahahahaha
Good to see what the rabbi thinks
There is no such thing as a halal mortgage which currently exists.
Invest in yourselves, learn a skill that pays you well, ideally through your own business. You will soon be able to save up money. You can than just invest in gold or other halal simple businesses until you have save enough to buy a house.
hold on, Bitcoin is based on blockchain technology, how do you know if the transactions for mining the Bitcoin is halaal?
Its exploitative if no risk taken by the "islamic bank" hence why islamic council rule out some of the banks. Regardless its too expensive to do it by any of these banks!
Rabbi Faris! 😅
Rabbi Faris from Israeli hotspot.
There must be a Islamic statehood in order for there to be a Islamic monetary system
UK based mortgages halal or haram? If no other option?
Haram, rent akhi or hijrara to a different land. Even rich are not buying now b3cause od high interest rates so avoid buying for now.
HSBC Amanah finance in the UK kept changing the deal. Rate based on the inter bank based rate. Then, I tracked twice a year. Then, tracked four times a year.
In UAE, you can find a property off plan, pay 10% and 50% over the construction. Then, have a payment plan for the rest. So, it's possible.
In the UK, though, greed is king.
Zakat is not a wealth tax. Your long term property holds. For example. Are not part of the equation. Correct?
Zakat is a left over money tax. It to stop the hoarding of money.
@@Sr68720 I know. Did u understand what I wrote
25:45 now try to lead Salah wearing jeans and tshirt in a desi mosque 😐
Why are muslims afraid of renting or don't like renting? It's our wrong thinking because we think when we are renting, we are wasting our money, which is totally wrong, and no matter whatever reason they all give it comes down to is wealth, which isn't wrong in islam it's how you have earned that wealth. Is it through mortgage and paying interest?.
Just for the record, interest is halal.
Inflation is not halal
He is 'talking his own book'. He uses the "hughs and colours" to justify opinion on matters that are likely best avoided. The Hadith of Imam Ali (عَلَيْهِ ٱلسَّلَامُ) states, The most destructive thing is doubt and uncertainty, and the most constructive thing is piety and keeping aloof from sin.
Why deal with uncertainty unless the profit$ before....?
Rabbi madkhali faris is the yahood of the ummah
Rabbi Faris? Really?
some of these financial advice is just general garbage. Almost like some forex guys who say "buy low, sell high". LOL.
The sikh guy is just a grifter, he hasn't really got any real practicable advice, he's just regurgitation the same old general stuff like "buy assets not liabilities"
Most of these ppl on Tik Tok lean Salafi
Thats not a bad thing
Whist Rabbi Farris is a Zionist
whose that?
@@WaqasAli-ct7ly it is
You are reviewing people who are using hadith and ayat to address issues and you somehow assume that it is up to you to affirm their arguments using your logic
He is rabbi faris
Let’s come back to the comment section in the future when bitcoin goes to zero
It won’t. People have been saying this for over a decade now.
I wonder if it's possible.
Bcuz Its had made a strong base for years now.
And it's an asset that is being used worldwide.
HAHAHAHA the only people losing money will be people who originate from 3rd world countries
Faris Al Hammadi is alhamdulillah very knowledgeable and from people of guidance ❤
time to unsubscribe….
why
😮 Ooo
Have some mercy on IFG.
They will be a thing of past if you are no longer subscribed