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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 explore Ibn Taymiyyah's profound insights on the dangers of money debasement and inflation. Discover how his economic wisdom remains relevant today, especially in understanding the role of government in maintaining the value of currency. Learn why Ibn Taymiyyah warned against the overproduction of money and the consequences it has on society.

*Book referenced in the video is available at https://www.almircolan.com/blog/5books

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To learn more about Islamic finance and economy and to support MMM in producing future financial literacy videos like this, consider becoming a member of our Muslim Money Matters platform.

Join us at www.muslimmoneymatters.com 

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In this video, we delve into the Islamic principles that determine the permissibility of commercial transactions. We'll explore the key principles that underpin business and finance matters in Islam.

There are two core principles to establish whether something is impermissible in Islamic financial and commercial matters:

1. Explicit Prohibition: We look for evidence that something is explicitly mentioned as prohibited, such as riba (interest), which is clearly forbidden.
2. Contrary to Sharia Objectives: If an action goes against the aims and objectives of the sharia and has a detrimental impact on society, it becomes impermissible.

Understanding these principles helps ensure that business and financial activities align with Islamic ethical standards.

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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.

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:

https://youtu.be/nIfHYImGyXs

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