Is mortgage allowed in islam I Nouman Ali Khan I 2019
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Is mortgage allowed in islam I Nouman Ali Khan I 2019. He talks about is buying a house haram in islam. The effects of riba and what is riba. This includes is is loans allowed in islam and is student loans allowed in islam. Is mortgages haram or halal.
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Most of my friends dragged there partners to buy a home through mortgage! I will never drag my hubby into this! At this point I have given up I won’t even batt my eye to “ back door Riba” if you don’t have the cash up front you have no business buying a home! May allah give us all a supporting family! Alhamdulilah I came here for the reassurance 🙌🏻
Good example
Well said, could you share your opinion on my situation please, my question is in the comments.
JZK...
At times it is the hubby’s “enlightened” family who push their son to ignore the “too righteous” daughter-in-law’s advice to not buy a house on Riba /Backdoor Riba because so and so also bought a house, so and so also is a good Muslim and owns n houses, Islamic finance is a thing (backdoor Riba in most cases), XYZ said it is okay, a bank is giving a competitive rate and Islamic Finance is the same thing so go for the “better” deal etc etc etc.
Fatima Khan this was actually the case at the beginning of my marriage! husbands side of the family would always try to intervene “you have a family you have a responsibility” during these times it’s rare to find someone with the same opinion!
True ameen, but how is someone suppose to support their family if they cant afford a home?
Life is too short alxamdullahi I pay my rent no credit cards no student loans. I will never think of buying a house I am looking forward of house in janna tul firdows aminnnnnn. InshaAllah
Aminnn. Brother. JizakaAllah khair
In Sha Allah
Ameen
In'sha'Allah Allah, may Allah make the halal easy for you
Ma sha Allah
yes, and trust me, Allah swt can give you one in this dunya without a loan or a mortgage, if he so wills , and that's very easy for him
It's true. The prohibition agianst Riba is to me one of the most convincing things about Islam.
Jazakum'allah khairen kaseera,.
Amazing explanation. I observed this personally. We are canadian. At one point we didn't have enough money to buy a house. Mortgage was the only way but me and my husband decided we will never go for mortgage. Then Allah made a way for us. My husband got a very good job in Saudi Arabia. In few years we had enough money to buy the house giving full payment in a very decent neighborhood. Alhumdolillah. If Allah has written something for us we will have it but it depends if we want to get it in halal way just be patient and Allah will show you how impossible things become possible. Allah u akbar
Did your husband pay Canadian taxes while he was working in Saudi? I mean taxes on all of his income?? Please be honest.
@Tehmina Adnan:
I really love and adore your thoughts❤️
This is truly I believe in too....I bought a home and sold out in Canada...
And now living in US and having a rental property here ...and waiting for the time when I can own a home in Sha Allah...
If it's in my luck, Allah SWT( God) will make the way for me,....
And if not, I will still try my best to obey His rulings In Sha Allah...
May Allah SWT keep helping me and my offspring being steadfast in this matter.
Ameen
Ameen
@@asgharbaig2971 we are not resident of Canada currently so we don't have to pay taxes, but we do pay property tax
@@saharatif8170 Mash'Allah sister. May Allah help you and fulfill your wish through halal way.
Insha'Allah Allah SWT will give you ajr for your sacrifice and your patience.
Tehmina Adnan people laugh at me and tell me I’m stupid for not getting in debt and not buying a house I’ll only buy a house if I have the money to buy one InshaAllah patience is better
proudly renting a house for 17 yrs.
Bro I'm from the uk. My family is pressuring me to get a mortgage but I don't want to do it. Shall j just move out and rent
@@NaseemOGyeah bro. Just go out and rent gtme. Our communities in UK all think you're an invalid if you don't have a house. Ignore them
@@NaseemOGYh, mortgage takes you like 20-30 years to pay off. That’s a long time hoping Allah doesn’t take your soul in those 20-30 years.
If you leave anything haram for the sake of Allah and you stay firm with your decision of leaving it.
Allah replaces it with unimaginable things(blessings)
And why wouldn't you do it. Allah loves you so much.
Don't lose this love and never take it for granted.
Yusuf A.S rejected Zulaikha's invitation to something haram, and Allah rewarded him with the kingdom of Egypt.
There are countless examples..
This life is nothing but a test.
One day of judgment day would feel like you're there since thousands of years and will make you feel as you lived only a day or a half day in this world as mentioned in Quran.
Subhanallah the comparison is beautiful. Inshallah I will try to follow.
When I was growing up all I heard was do your education and buy you own home so when I got married that’s all I thought about buying your own home because I was told this by my elders and then I had a lump some of deposit and one day I came across how mortgages paid with ribba are haram and I was so shocked, I was the same person before this preaching that everyone must buy a home because I had no idea it was haram and I was saying the same thing I was taught but the sad reality is that some of our elders know this but they have turned a blind eye to this sin and made themselves believe it’ll be okay, because living in the west mortgages give security and it’s your home at the end of the day. I’m so glad allah swt guided me and made me see sense and I pray allah swt guides everyone else.
Salam , respect i am exactly and grew exactly the same way,
What solutions did u find ? Baraka ALLAHU fik
Alhamdulillah I’m free from riba and debt 🤲🏽😃
Subhan Allah
Barak Allah feek
Muslims and Muslim countries need to develop halal education and financing in this dunya. And get rid of Riba
Russia has started islamic finance
Renting a property in UK costs more than half of my wage, and so does Halal mortgage. Plus bills, food and costs of many other things, it's highly unaffordable. Where do i go from here .
Im doing tawakul in Allah that i find a job that pays really well, or something. Ya Allah, i am in need of your help, you are the one who gives, Ya Rahman bless me with enough money to buy a house outright.
Ameen
Ameen!
Halal mortgage?
May ALLAH bless you with the Barakah of buying a house cash outright without mortgage ameen and all of us summe ameen
Shift to another country
If Muslims could be united and helping each other, then Muslims would have the option of owning a house. We have many rich Muslim people in America, if they could start building housing for Muslims to own without ribaa, then it could have saved many people from taking loans. They would get the most reward from Allah for helping people to not be in Riba.
I like that idea but the fact is many Muslims do not want to sacrifice to get ahead in their life. Like live in a smaller home, fix it up while living in it and live in it until the home price goes up in value and then move in the next phase. A bunch of rich Muslims building homes for muslims who cant afford it isnt the solution. TO buy a smaller home that a Muslim can afford is possible and relatives and people in community will help if its reasonable. An ex. just bc a person is a Doctor and earns 200K a year but has $0 today does not mean that person should ask other rich muslims to support them to buy a 500k home. That person can also rent a year save buy a smaller home and work themselves up. In other cases where a person is not saving enough, they have low income homes in America, rent and then start from there. I can talk a lot on this topic but ultimately it's the commitment of sacrifice to get ahead.
Living in USA without mortgage ,no credit cards ,no credit history is kinda impossible,that’s why I left USA for easy & better life 😀
Where did you move to?
It is possible. Work harder and make enough money. Forget that credit card exist. Think only of cash
TheSylrapz is cash not part of a RIBA based system. The currency of the Quran is gold and silver.
Allah akbar you moved for the sake of Allah
@@TheSylrapz yes that’s possible
This is the MOST ignored sin....
Because its the hardest sin to solve when you live in the west !
But we have to try our best to solve it ! Insh Allah
@@Bettieoaminh I’m 18 what do I do in the future make duafor me
Well, if you think about it, what other ways are there to alleviate this if you want a house?
Back then they would charge a much higher interest than today. Is 2% interest really that bad?
I wouldn't know much about this. I'm still young
Abdullah nadeem I’m Islam Interest is really bad, it’s like you went to war against god.
This got my head go dizzy. I just don’t wanna think about money
Brother Noman... I wish you read my message. Tears coming out of my eyes. I have heard many scholars just making a way to get into Riba. I honestly had no hope to hear someone telling the truth as you said. Even here in Pakistan scholars have no guts to speak against banking system. You nailed it. Love your courage.
@Forex Life yes there are bit not in the main stream. Main stream are in support like Tahir ul Qadri, Taqi Usmani, Javed Ghamdi, Mufti Akmal and so on so many... Engineer Ali and Dr Israr were straight forward in denial of this sood in any condition.
I lived in Canada for 22 years always lived on rent. I never tried buying a house. I had to move many many times because of renting. sometimes in coldest winters with wind blazing through my bones. I was mostly not invited in family gatherings after once because I was the only person that would talk about Riba being not permissible. If I was I would be a lonely sheppard. It takes and drains a lot of strength out of me now. I realised I made more enemies than friends. Allah forgive my sins.
@@sobia7328 so instead of buying a house through mortgage which you could've easily paid off in those 22 years and sell it and make even more money to invest in more property, you decided to pay rent to someone who used that money to pay off his mortgage.... in other words, instead of directly contributing to riba, you indirectly contributed to it.... that's what I'm seeing here brother. No doubt capitalism we see today is against Islam but we are not living in an Islamic country. Nouman Khan talks about selling house for higher prices over generations, well that's how economy works... when population of an area increases, the demand of the house also increases and thus the price. Not to mention the inflation of currency. But Allah knows best and knows everyone's neeyah and what you did was a true act of devotion but I don't necessarily agree with it.
@@ValentineCrescent you have made some logical points inducing an indirect relationship like A causes B...B Causes C therefore A equals C. Some orders are bigger than logics. Riba happens to be not permissible. It's my choice to submit to Allah or money. Allah may guide us all assalm o alaikum
@@sobia7328 I understand brother. Your faith is strong mashaAllah and may Allah guide us all in the right path and keep us steadfast on it and May Allah bring you victory in your jihad. I will only say this, Islam isn't black and white in many cases, especially modern day ones. Nor Islam was only made for the year 1600. But Islam was certainly made easy upon us (to practice but not necessarily to understand). I know I used some simple logic and logic can lead astray but I was only using the logic from Islam. For example, pork is haram, yes? By Islam, we can eat it if theres no other means of survival. We have to pray 4 raqah for Asr yes? For a traveller it is 2. Riba is haram because it brings harm to society, it doesn't just happen to be haram, just like pork. But when you're living in a capitalist country, what is bringing you more harm, paying your own mortgage and owning property or paying someone else's mortgage and not having property? If you are dying of hunger, what is bringing more harm? pork or hunger? Brother, without a doubt order is bigger than logic, but to follow an order, some logic is required and neeyah is even more important in doing that. Without neeyah, our worship can just as easily be rejected as our sins can be written down. Waailkum Asalaam
No one can fool or cheat Allah.Just because Allah mentions in the Quran he forgives all sins.
What to do if someone already purchased a house on mortgage ? or is it too late and destination is Jahannam ?
@@CelestialTrailblazer The fool shall die of sin.
@@muhammaduddin9268 That statement alone is enough to give someone anxiety, depression, sadness, sorrow, despair, fear and hatred. Allah forgives sins but it is conditional. It is very easy to get to hell versus heaven. We hope to be saved. May Allah forgive us and save us. Otherwise, our existence is worthless and meaningless.
Means constantly ask for forgiveness. Don't give up on yourself. You may see bad things happening. But that too is a test from Allah. And Allah SWT knows best. @CelestialTrailblazer
MA SHAH ALLAH you had explained as ALLAH SUBHAINATALLA said in QURAN. JAZAKALLAH KHER sir
جزاک اللہ خیر
May ALLAH forgive us, protect us, guide us, heal us, cure us, honour us, bestow us with halal happiness
Yes Nouman, tell it like it is.
No mortgage no car payments for this guy and I make 10 times the minimum wage per hour. No bs. I drive a rusty truck and wear Walmart clothes. My son does not have an Xbox or ps5. He is becoming a hafid and I’m becoming a scholar. We are both mma fighters as well and I’m a personal trainer!
Mma is not permissible since it involves injury and damage to the head.
Humans. 😄
So you are way better with real physical strength and skill than being a screen addict.
The thing is we do not get that this life so temporary! I understand we all want to build a future but who knows if you will ever be able to pay it off. Fear Allah swt
I noticed that some Indian/ Pakistan Muslims easily fall for riba. They are good at avoiding other minor sins. They might not use toothpaste coz it has %1 alcohol, but when it come to riba, they will justify it for doing it. I live in US. They tried to sell me house with riba.
I agree too
I am Pakistani
Its very easy to justify the supposed sin of riba. Islam allows keeping concubines. Whats worse? Concubines or western interest?
@Truthfears Guilty they are allowed as mentioned in surah al mominoon. "What your right hand posseses". Ring a bell? Im not your average clueless fox news watcher.
I still don't understand how Riba works.
Can you explain if i ask you?
@Truthfears Guilty I have beef with those brothers lol. They are trying to teach how to do riba my Somali community in North America. They gave riba fancy names.. We are good at avoiding riba. About the halal food,, my cousin in Canada told me that some of them don't eat a Muslim restaurants untill they see certificate it says this restaurant serve halal food.
Jazakallah khair
Very true,May Allah protect us from this sin
Ameen
Ameen
This is the best conviction from a scholar re: riba mortgage loan.
He is explaining the present financial problems for muslims not offering solutions. Talking is easy you can impress people by eloquent speeches. Why Muslims are struggling in the modern age is because our scholars warn you about the problems without offering solutions. Allah knows better.
Their job is to show you the way.
We have to come up with an alternative solution.
Did he not say he rented?
@@certifiedalchemist what about student loans. The problem is how you interpret certain things with your understanding of lslam and let people to follow it. It is not a debate it is his point of view and he could be wrong. Unfortunately we are blind followers.
@@kaisha12345 I am definitely not a blind follower of Nouman Ali Khan (NAK), which I am sure my wife would attest too :) Tough, I do agree with what NAK is saying in this video. I understand that the struggle is real in regards to education and student loans in certain parts of the world. However, just because you really (REALLY) want something does not make it okay to transgress the drecree of Allah (swt). Be that wanting to own a house or pursue an education. We all have our different struggles, no one's test is the same. We will however be rewarded in regards to our individual struggles. There are ways of obtaining an education without taking a loan. One could work on the side or even work full time and then pursue their education once they have saved enough money. Scholarships are also an option for the hard-working and persistent student. The point is there are other options of obtaining an education. Sometimes it is a very difficult journey, but we should not allow ourselves to disobey Allah just because we want to take the easy route. Maybe taking that specific education is not what will benefit you the most in this life and in the herafter - only Allah (swt) knows.
In my honest opinion there isn't any doubt in the matter. Engaging in riba is the only sin that Allah (swt) has declared war against. If one is a believer and contemplates, I am sure that no one wants to be at war with Allah (swt). This is indeed a severe statement. We shouldn't sell our wants in this life for the herafter.
I pray that Allah (swt) make it easy for you to obtain an education in a halal manner and reward you for the struggles you go though trying to please your creator.
@@certifiedalchemist l am glad that we both agreed that our ultimate goal is to please Allah (swt). I don't want you to think that l am disagreeing with whatever he is saying. I myself is an admirer of speeches specially how he bring his point to audience through logic and reasoning. My point is he is mixing up taking riba with giving riba since both of acts are far apart from each other in its implication. One is a oppressor the other is victim. He was talking to the audience and the listeners out of whom a very slim percentage are in the category of oppressors and majority of them are victims. He should have spend his energy and time in finding solutions of victims not defining who are the oppressors.
This is so true. Even trying to help reason and provide an understanding to someone so dependent and indulged in ribah will not work. These ppl are literally crazy and have no sense of rationality or humanity.
May Allah protect us all from these fitnahs.
Ali khan bhai you are great!
Ameen
Thank you for this session. I learned a lot
At 9:00 brother mentions the key point that is “we have something “ and that is it.
Thank you
I have been looking for some video with authenticity on this topic to make the final decision.
It's really helped me by confirming my doubts.
JazakAllah khair ❤️
My house payment never changed, I didn't have a varied interest rate on mine. When you pay rent you pay for somebody else's mortgage.
Here in the netherlands is for most people buying a house through mortgage VERY NORMAL… everytime i try to explain them it is riba, i get attacked by words that it is not true with a lot of lies and sourceless words…. Very sad situation
Same situation in whole west.
Even in « muslims » country
Sometimes i wonder if my 1 million dollar house in canada on mortgage is better than my families 1 room apartment of my family in Pakistan. There is no dount that they are following Allahs command and i am following my desires.
I have studied macrroeconomics and finance in university and i know of how interest destroys everything.
May Allah move us away from this filth
Shaikh, you always make things easy to reason up on. This idea of Riba, apart from obeying it blindly, it never crosed my reasoning mind. ... "value of properties or other things get increased as a result of Riba and leave the poor poorer and the rich richer". 😢
Mashallah ....you are the real deal most of these “scholars” are funny when it comes to this mortgage issue. These fatwas on mortgages are halal is a joke. Riba is the only sin Allah set war on who consumes it...why risk it!!?
So what is the difference between sin which involves a war with Allah (riba) and killing some innocent person where Allah didnt declare war with that person?
The printing and use of cash is also Riba. Why these so called scholars don’t talk about that? Al central banks lend to the banks with Riba. Even Saudi central Banks u can look that up. Riba was 0.25 percent. These imams these days think they know how the monetary system works by quoting Islamic lectures. Ofcourse the deen should be studied the philosophy the Quran etc, but why keep the people dumb, or are they dumb as well? Study the monetary system, even the basics will make u see riba is all around you! And every country is doing it. All Muslim countries are doing it. They are keeping us dumb because the Muslim ummah is uneducated about certain things. If they knew they would revolt. The scholars just repeat what the other scholar say. They don’t know anything about economics or the monetary system. They are still teaching certain hadiths of 1400 years ago. Which is fine but why not implement it in this day and age. WHY? Scared for the truth?
@@hasje15 I agree 100% Ribah is all around us. Its damn near impossible to avoid it in everyday life.
@@muhajerhassan i never understood wth is their agenda? Are they blind? the whole world is full of riba and they want to discuss how to dress, how to keep your beard neat, and even say dont take a mortgage when his whole existence is based on riba. His money on the bank, his money being lended with riba, himself having cash which has been lended by the bigger banks. You know, why dont they teach it like this. Are they the ones who are keeping us blind, or are they who dont know themselves and just repeat. i think its the latter part. Muslim ummah most uneducated society, they dont have normal schooling, housing, taxes, its all because the rich want to be richer, and the best part is, these 'scholars' keep this exact system, they never condemn the leaders, politics, they always speak like they know something to tell us, but whe are in the west, we lost, we ran our muslim society because of the unjustice, poverty, illiteracy, corruption, discrimination, war, how is this possible? Are they blind to see that these are the problems that need to be dealt with, instead of speaking dont take a mortgage, come let us speak about who is in charge and why, why there is no justice? why no tax system to tax the rich and give to the poor like in the west? all these matters is something for the muslim to think about. these scholars are paid, living the life as a scholar celebrity, like drake, he is a muslim drake he not rapping, but still just saying what the sheeps want to hear and especially the (muslim) leaders want to tell you.
This is the best explaination of this question. Thank you
Welldone brother Noman
You have explained the best style of disadvantage of riba
Masha Allah
Subah Allah
Riba is the only reason for INFLATION
AND INFLATION IS CRUELTY
Very informative lecture. Most ppl don’t understand the difference between business and interest.
Alhamdulillah Nouman Ali Khan is like a treasure. We have been using a long term commercial lease (triple net) to place families in homes. It is a long term lease to own contract with no principle and interest. It was inspired by the guidance in the Holy Quran and there are remarkable advantages for both the owner and tenant. Something to consider for Muslims as an alternative to mortgages here in the west. Alhamdulillah.
Is it legal according to Islam laws?
Can I have more details on this please?
my husband wants to get a mortgage as it's the same price as rent and if we go rent a different place now we can't afford it at all. The house we currently staying in is not suitable for raising kids. so he is adamant about getting a mortgage. But I have zero intention of committing that sin or letting him commit it. I advised him as much as I could but it always ends up in a fight, especially this topic. He asked me to sign the contract as it's a joint application and he said that I don't have to pay money from my side, just asking me to sign. I don't know what to do. I feel like I don't even want that house which is haram. I feel helpless. I feel bad even to sign the paper. I’m stuck and in fear of him fighting me.
May Allah reward you for your positive intentions and understanding islam. You are better than the rest of us.
The system in Canada is working to make people homeless if they don’t own a home already, does not matter if they are renting or have mortgage.
May Allah forgive us all and grant us all Jannatul-Firdaus. Ameen
Aameen ya rab
MashaAllah. Very well explained. Jazakallah.
MashAllah explained very well, very relatable today in US.
This is all well and good, i have avoided mortgage and life is becoming harder and harder that getting a house has become really hard. The financial system is broken and dont understand how the next generation will ever afford anything
Mashaallah. Very informative lecture
Masha Allah
renting and paying mortgage is not the same. first, rent will rise gradually. second landlords are not all decent and their circumstances may change as well.
So?
Everyone will live for free
We don't need wealth
We need time
I viewed quite a few houses with the intention to buy one on morgage as I am renting for the last 10 years. Doing a serious research, watching different videos, some of them say that you can go for it, others say you can't. What I concluded is we can't, it is haram. The day I decided not to buy a morgage, the day I cleaned my mind from this dirt of falling into Riba and deleted all the emails etc, the decisions the agreement waiting to be made etc, the day I retreated when I was just on the edge of falling into it, the following night I had a dream. I saw in the dream that there were trees and green leaves and wind. The wind, the trees, the leaves, everything was saying Allah hu akbar, the wind which was saying Allah hu akbar came across me and I joined it and I started saying Allah hu akbar as well and that moment I suddenly woke up.
May Allah bless you bro
@@mifthahmohamed2371 JazakAllah bro
May Allah reward you Brother with a House in Jannah like a house never seen before.
@@Mujahid_ibnJazakAllah
Anyone have link to full lecture?
This implies inflation is completely man made. But as the population grows, the labour market, prices change, and technology changes. Inflation will always occur
It's all about time and comfort, not need of survival.
In a period of 20 years, If you can and will have 350k to pay for a house of 200k with all the risk and consequences you take from bank,
I'm pretty sure that even if you rent houses, you will be able to save and have that 200k or more in same period of 20 years.
Think about it
in 20 years the house will no longer be 200k. it will be almost double the amount. The mortgage payment must now be divided into rent and savings and savings part would be very low.
@@mqayyum9226 the common mistake people do is that they only compare it financially, while a believer should consider the concept, faith, sin, reward etc aswell.
So what about the other side? How much we gain or lose there ?
2nd, you have to understand when you buy a house, you should calculate the money for maintenance and other monthly stuff aswell. You end up paying 400k let's say...
Take 2 pieces of paper and write ALL the aspects, necessity of buying or having a place to live in, finance, sin, rewards, decision, regrets, consequences, stuck for 20 years, freedom of changing town, apartment, condo, comfort, taxes, maintenance, savings, wealth, ALL POSSIBILITIES of 20 years mortgage or buying in shot 20 year later, halal way.
You will see that it is not worth engaging yourself in Riba, which allah has forbidden it clearly in the Quran.
Alhamdulillah we just decided and rented a new apartment everything included.
The rest, we have to accept our range and work hard. Allah gives wealth to those whom he wills.
God bless.
The money becomes worth less though. The house is still the price of the brick of gold...
Allah knows if he says it’s haram then he is right biggest mistake when I took a credit card it’s nearly one year and I am paying interest after watching this video definitely not buying a house on mortgage in shaa Allah with the help of Allah I will find the right way but no mortgage in shaa Allah.
Thanks for the video brother nouman.
Our experiences and trial shape us and should make us better worshippers of Allah. Everyone sins, the best of those that sin are those that repent. Repentance earns you the love of Allah and Allahs love earns you forgiveness and ease in this world and jannah in the next. May Allah grant you ease with the payments brother and grant you success in whatever form you desire. Ameen
Why dont you pay off your monthly credit card bill ech month? Its stupid to run a credit card balance, the interest rates they charge are too high.
What to do if someone already purchased a house on mortgage ? or is it too late and destination is Jahannam ?
@@suad-5232al hamdo li ALLAH
The Quran and its law were written for all times. Allah knew this time would come. Law is law. Allah told us that those who fear Him, Allah will give them a way out of difficulty, make them prosperous. Which of us believe this, we need to ask ourselves. Test of patience and trust.
I can buy a house with interest (Riba) in this world but tradeoff a house in Jannah after death.
This life in world is for a short time but life after death is for eternity.
I will stay in rent. I don't wants to wage against Allah SWT and his Prophet Muhammad PBUH.
Your lectures are always amazing masha'allah 💗👌💗👌💗
Masha Allah
Prophet Mohammed (s.a.w) has given a Baddua (curse) with his own mouth to anyone accepting/paying riba (interest) so whoever ignores mortgage sin will be amongst the biggest losers on the day of judgement. May Allah (swt) given all these people hidayah (guidance) because if you have our Nabi’s (saw) curse then your salah, fasting, zakat, Haj etc will not be accepted. Be WINNERS and stay away from mortgages please.
Pakistani guy started a trust name akhuat. Giving riba free loans to study in Pakistan's best akhuat university. People are so happy to pay back same amount. It's happening.
Good information simply explained. How does islamic business work as making a profit. Companies buy and sell from abroad or within their countries. Is a certain percent of profit they can make and no interest system involved
Noman ali please highlight on halal mortgage thru Islamic banking in Canada. Can we go for it..
The same goes for rents, Landlords increase rents bases upon interest rates set by govt.
We're also pushed by my in laws to leave the house and take mortgage for a house and it's frustrating when me and my husband don't agree with it. And the fact that they are religiously educated but say it's allowed in the west as there's no other way to own a house.... Ya ALLAH help all of us who are in such hardships Ameen
So sheikh.. your talking as in the person who is giving the money N takin extra on top as the guy thats touched by shaytaan? Can any1 help?..im trying to buy a house since 4 months now. Bank says theyll buy the house then lease it to me and take profit on the lease is it halal?
Rent is also charged at high cost....in a way unnatural growth in rent for example someone who purchases a property paying £1000 mortgage per month they then want a full 1000 for that property and usually get that.... so we are supporting them by paying rent and they gain the property but we just pay for that property.
❤
Asalaam walikum, what do you do if you purchased a property on mortgage as a non Muslim at the time?
After saying that "AHH"at 7:48 I can confirm he some % African no doubt 😁
Increase in Inflation, population and demand increases the price of a home. Not just the interest. Money for money is haram. Money for a product or services is not.
Inflation is caused as a result of money printing. Money printing occurs as a result of a debt. And there is no debt that is not without interest. So money is created as a result of interest based debt which leads to inflation.
@@TheAudaciousInvestor inflation is merely 2% or less yearly. Inflation, due to interest, is part but not the only problem as speaker is mentioning in simplistic way.
How does that apply in a fixed mortgage rate? Your interest rate remains the same on a 30 year loan. The interest rate let’s say 2% is only to account for inflation. How does a $1500 a month rent turn in to an outrageous 3500?
Exactly. Indeed a 2% loan rate is equivalent to enjoy a CHARITY-- you take $1M loan and payback, say $1.5M in N years, whereas the inflation in N years would make $1.5M as valuable as $750K due to higher than 2% inflation. In 2022, US is going through 8%+ YoY inflation alone for reference.
There is a difference between the value of a home and cost of financing. Just because you pay 3x more to live and own a home it does not increase the value. Value is determined by supply and demand dictated by price of materials.
You didn't get the point - he was saying interest rates impact house price - not demand and supply - and its true - when interest rates are low - house prices spike
May I ask if the student saving in bank is belong to riba?
Answer please, so that I can stop saving money in bank,
I agree with this frame of thought that interest raises prices over time. But if one paid cash in full for a house used it for 20 years can they sell it for triple what they paid if that is the market price?
Is Islamic banking allowed? In order to take a loan to buy a house. They say there is no interest in it. Any idea anyone?
Asalmualakum. I wanted to find out if it is permissible to work as a car sales executive? I sell cars for a car manufacturer but often customers take out car finance on their own accord. Is it okay for me to work as a car sales executive? i see it as I am selling the car not the finance . Jazakallah
I don’t entirely agree with the first 3 minutes. 1 with land and houses deman and supply fluctuates. So value if the house goes up.
In the uk at the rate of inflation today the value of money deteriorates by 7.4% and the value of USD deteriorates at 1% every 30 days.. do we not take all of this into consideration?
how can US brothers and sisters become doctors etc. without riba?
lISTEN TO sheikh imran hussain on Riba. He is the expert.
Watching this 12 years later we see how they’ve completed devalued the USD. The problem is he is assuming USD is real money, it’s just not. The example he gives in the beginning is gold. You don’t buy a house with gold. Not saying it’s halal, just saying we need deeper thought....
If not USD, what is the real money to be used in real life?
just wondering. @Amir Memon
The difference is you have the money and other people don't and the rent money vanishes, whereas mortgage money is not. I don't understand why so many Muslims say it is wrong. If you open the Quran you realize that it is wrong if the creditor doubles or multiplies what he gives you, ie if he is a loan shark!
Jzakallah. Perhaps offer alternatives to mortgage ? HAlal mortgage aren’t easy to get ...
V. Nice, I agree. They are mere chatterboxes. (May Allah forgive me)
this is not 2019 lecture. WHy lie? Please correct the title
Brother Nouman also explain to the the poor under privileged students who want to pursue higher education as a doctor engineer etc where should he or she get his tution education money from, show them the way guide them as to how to go about it to fund their education.
I'm living in Turkey and it is also not possible to live without them. Either you will pay rent all your life and after 20-30 years you will have nothing or you will get home with mortgage. I really don't know how can you live without getting credit from banks. You can't collect money with your average salary.
Selam, in Turkey you have alternative like "katılımevim". You pay a fix rent amount for 3 years, and then it gives you the right to have access to a 0% interest loan. It is asking you some efforts for 3 years, but at the end of the story your house is much more cheaper. Interests rates are so high in Turkey (8 / 9 % yearly right now), your are paying your house twice with that system and anyway riba is not acceptable. "Katılımevim" system supposes that you always new contributors to the system to provid money to people who got the right to get a loan. But it is the best alternative I found here. I am not a specialist but my heart is not convinced by "islamic banks" like KuvveytTürk as the reimbursment table is the same as the one of a normal loan payment plan, except that the word "interest" is replaced by the word "margin" (kar payı).
You don't need a guarantee for home in the world, you need a guarantee to be in heaven or to protect yourself from the hell.
I am also living in Turkey but I don't feel myself desperate. Moreover, I don't have a regular job for 6 years
Pay rent save money and invest in the stock market - do your research, start investing slow. Islam forces you to discipline not make easy money.
I don’t understand what he talking about because I don’t speak well English . please let me know is it haram or halal
One thing none of these scholars mention or talk about is a solution to owning a home in a Western country.
Its no use beating us down with why its haram, we know that.
But rent is also increased when landlords mortgages go up. So you're in the same boat.
Please provide a talk on how we can own a home and not rent
InshaaAllah there's islamic loans that are already decided for the end payback, instead of interest rates that change on how much our government screws up.. the problem is, there's "islamic banks", that are pretty much like non islamic banks..
So whats the solution? Rent is becoming expensive!!
Hmmm.... if it becomes unbearable, then..
I cannot understand how to live in North America as a poor or middle-class person without dealing with riba. Forget the credit card, even the debit card accumulates riba. Pension plans, mandatory insurance, rrsp, investments, everything has riba. Even renting is very difficult without a solid credit score. So how do we go about life with all this?
I've been looking for explanations on how to do this but I've found nothing, neither from scholars nor from academics.
Compulsory riba based on the laws of the land you can make a case for. For instance car insurance in the UK is compulsory so scholars have said it's permissable even though insurance is not generally. In the UK we can chose to cancel interest on the account or you can just give it away. It's easy to make excuses but at the end of the day we do what is asked of us, Allah SWT will provide Insh'Allah.
Can I pay zakat on a Roth IRA?
the value of any land will go up either you buy it cash or with mortgage and let said I buy a house 100 thousand $ with mortgage will be 300 thousand $ for 30 years and someone else rent a house for 1000$ a month for 30 years ,the person who renting a house will end up paying 360 thousand $ and without owning the house plus the rent price every year go up ,what about islamic financial or rent to buy ,what about buying a house the bank own it no 3th part, are there all those options are riba ,im just asking not explaining why right
A continually paid off credit card doesn't incur interest. very different from a mortgage.
Elevate charities in what context? Zakat is different from food drives. Deeply brandwashed
“Riba” = Interest
Actually that's debatable, because the actual bank system is new, so some scholar deduced with analogy (Qiyas) to the Riba definition from the days of the Prophet pbuh, but others think that's not exactly the prohibited Riba because there are new parameters like inflation for ex.
Not same value for the house, in 30 years, supply and demand for houses changes a lot. Population increases in much more rate than government building houses with permits !
So the house value as a brick is not the same at all with time due to supply and demand.
the same islamic finance that's supported and backed financially by the big banks (JP et al), and the same islamic banking that uses the same riba-based finance system for transactions? whiskey is still whiskey, whether it gets an islamic label or not.
100%.. couldn't believe what I was hearing when I asked the "islamic banks" how their loans worked.. literally the same as non islamic banks loans, but these banks kept the repayments the same over the life of the loan, instead of getting less like non islamic banks.. sooo these "islamic banks" are getting us to pay interest and pay more then non islamic banks..
a dollar earned in NOT a dollar kept. We are dealing with interest the fact that we get paid in fiat money. period. There is no Islamic system in place to deal with this in a non Muslim country. The money we make, the taxes we pay, all contribute to the interest payments. there is good debt and bad debt. bad debt are all the predatory practices and those consumers that utilize it. makes sense. Good debt is utilized to buy assets that pay for themselves. This is not hard. But lumping all interest in one category in a system that is not Islamic does not seem the way to go. By that token,
Social security is haram, healthcare is haram, food stamps is haram etc. So, maybe living in a non islamic country is haram. Oh wait, all the islamic countries are also utilizng fiat money. Guess we gotta go to the moon and pay for it in commodities.
So how are people supposed to educate themselves if they cant go to university? Are all student loaned Doctors, Lawyers, Politicians, Economists etc acting in haram? So people that can afford to go to university can get educated but the ppl that don’t have anything must work as a labourer for the rest of their lives?
What about halal Mortgage? Please can someone explain me…. One Mufti said to me you can buy a house with halal mortgage
I have a question. The property value will still increase - become double or triple - even if we don’t buy house on mortgage. Because some people will always buy on mortgage and it’s gonna affect society as a whole. So how to deal with this situation? A person who don’t take mortgage has to buy expensive property anyway?
Live in cave like the prophets
@@AH-hz5xc ?
You don’t have to buy, nor do you have to buy where you live. You can rent or you can buy where it’s more affordable after saving up.