Sharing things about Islamic Finance, business and other interests...
Learn how Islamic principles can help you avoid scams and financial traps.
In this video, we explore key concepts like information asymmetry, the importance of due diligence, and recognising red flags in financial dealings.
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Join me for a relaxed coffee break as I step back from the usual topics to share personal insights on life, career choices and lessons I've learned along the way. Let’s have a chat and hopefully you’ll find something that resonates with your own journey.
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This reaction video offers an Islamic analysis of a discussion between Christian and Jewish theologians and scholars about the biblical prohibition of interest (usury). As these scholars grapple with the concept of interest in modern economics, the video presents an Islamic perspective on their interpretations and misunderstandings.
Key points covered:
- The Biblical prohibition of interest / usury
- Jewish and Christian scholars' attempts to reconcile Biblical teachings with modern economy
- Jordan Peterson's struggle to understand the wisdom behind the interest ban
- Common misconceptions about interest or usury
- The Islamic view on interest-based economics and its potential societal impacts
- A critical examination of the Christian and Jewish arguments
- Wisdom of religious teachings on finance in our current economic system
This video unpacks the complexities of interest or usury and its implications for our modern world, offering viewers a unique...
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In this video, we talk about the importance of financial self-sufficiency, emphasizing the need for individuals to provide for themselves and their families rather than relying on others.
The discussion includes reflections on the value of work to preserve dignity and avoid the pitfalls of dependency. The video encourages viewers to adopt a productive / Upper Hand mindset, build skills, and contribute positively to their communities and wider economy, guided by Islamic principles.
References used in the video:
“Man by nature needs something to feed him and to provide for him in all the conditions and stages of his life.” - Ibn Khaldun, Muqaddimah
"It is better for anyone of you to carry a bundle of wood on his back and sell it than to beg of someone whether he gives him or refuses."
[Al-Bukhari and Muslim].
"The upper hand is better than the lower hand; the upper hand is that which gives and the lower hand is that which asks." (Sunan an-Nasa'i)
...
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Have you ever thought about how Islamic scholars from the past viewed money, its purpose, and its function in society?
Imam Al-Ghazali offers a profound perspective on the true nature of money, describing it as a divine blessing from Allah. He explains that money is created to serve as a universal mediator in trade, acting as a judge between all commodities.
Al-Ghazali emphasizes that the primary function of money is to facilitate fair exchanges, not to be treated as a commodity itself. When money is used merely for trading and profit-making, it disrupts its intended role, leading to economic imbalances and speculative bubbles.
Dive into Riba, learn about its history and impact.
In this video, we explore the subject of riba (interest, usury), its prohibition, and historical context. We also analyse common Riba situations and compare Islamic vs conventional finance.
Topics
0:00 Introduction
0:38 Meaning of Riba
2:16 Prohibition of Riba
3:54 Simple Ribawi Transactions
6:36 Parties Involved in Riba Transactions
8:51 Riba in Previous Nations
9:12 The Bible on Riba (Ribit)
12:17 The Merchant of Venice Story
14:07 Shylock "Sammy the Bull"
15:49 Wisdom Behind the Prohibition of Riba
17:16 Programming of Riba
17:46 The Fall of the Ottoman Empire
20:49 Types of Riba
24:28 Rules for Riba
27:59 Examples of Riba
38:03 Conventional vs. Islamic Finance
44:07 Basic Modes of Finance
Watch on YouTube > click here
Other suggested videos:
Turkiye's Economy: The Untold Story (full documentary)
youtu.be/UyPIrbxFu88?si=ck9DX5RviAHl2khb
Wisdom behind Prohibition of Riba (interest)...
When Allah wants good for His slave, He puts barakah into his wealth even if his wealth is little.
And when this blessing is withdrawn, one will not enjoy what he has from wealth, even if he has much of it.
So what is Barakah (blessing) in money?
Watch on Youtube:
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In this interview, I share memories from my childhood and growing up in Sarajevo, and also some thoughts about challenges in the Islamic economy and finance.
The video is translated with English subtitles & recorded during my recent trip to hometown Sarajevo in Bosnia by Televizija 5.
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Youtube link: https://www.youtube.com/watch?v=EHyKSAMO3QU
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