Does buying a home on a mortgage fall into the category of interest? Javed Ahmad Ghamidi
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- čas přidán 23. 08. 2020
- کیا مورگیج پر گھر لینا سُود کے زُمرے میں آتا ہے؟
جاوید احمد غامدی
Does buying a home on a mortgage fall into the category of interest?
Javed Ahmad Ghamidi
A founder president of Al-Mawrid.
Ghamidi Centre of Islamic Communication
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What he explained is the concept of islamic financing. Islamic financing works on the loan of an asset not a consumable and interest on consumable is haram. But interest on a house is not interest but it is profit on rentals. This is called giving rent. But if theres a penalty, which additional charge on late payment of money. This will be considered interest. Then if you buy a house on mortgage from a conventional bank, the banks main earning is from interest, you are using interest money to buy a house, this is what makes it haram. Im an ACCA and i have studied these concepts
I don't think that there is any such thing as islamic financing.
Islam does not encourage you to setup your business or expand your business by taking loan from a bank.
Islam rather asks you to start with what ever your resources are, i;e starting from the scratch and work your way up gradually with patience and hard work.
And if you don't have any thing then work for someone on a salary.
On the other hand, a person or a group who has money can poll their money and do a joint venture with another person or a group who has some expertise and agree upon a percentage in both profit and loss.
But such groups should be of small size and both the parties, the investors and those who would be working with them should sit down together in a meeting and discuss all the pros and cons and build a level of interest before jumping into any such venture. The must be a monitoring body to ensure that both the parties remain committed to the agreed upon conditions.
I don't think that Islam favours any one to walk into the bank and borrow millions of dollars to set up a new business or to expand an existing one. Because the money that bank uses does not belong to the bank, that belongs to the people who made their deposits with the bank. Without asking those people, bank can not give that money to someone as a business loan. Suppose if all the depositors would show up and ask there money back, what would happen to the bank?
In other words you can not use someone else's money to make profit without him knowing that or without asking him.
This whole concept of banking is like cheating. You deposit your money, you don't know who is using your money, how much he is earning .... all you are getting is negligible as compared to what banks are making out of it.
Every year, banks profits and assets take a huge leap whereas the depositors lose their money if you take the inflation into account.
What is inflation, isn't it spending beyond means? Bank run on the principle of overspending. Usually banks are allowed to issue about five times as much loans as the deposits they have.
Please correct me if I am wrong.
He is great scholars of the day ..99 % scholars open account in bank and enjoy all facilities and enjoy and tell umma ...that interest giver taker ,witness writer all are lanaiti....
Max scholars are hypocrite..Allah protect ghamadi like scholars who speak practically...
What any scholar say, they will be responsible for that. We each person has to worry about is, they will stand in front of Allah alone and will be held accountable for each and every single deed. Ignorance will not be an excuse on the Day of Judgement.
Exactly
Jab ap installments pa koi chez laite hain tu double amount pay karte hain, is this sood?
No because we are paying for using thehouse.
اسی طرح اگر کوئی شخص بنک میں رقم جمع کروا کر اس سے منافع لیں گے تو کیا سود دینے پر بنک مظلوم اور اس سے اپنی رقم پر ایک خاص منافع / سود حاصل کرنے والا ظالم بن جائے گا۔۔۔۔؟؟؟
Use common sense. Bank apni marzi se ap ka paisa le raha hai kyonke us ko wo paisa aur jagha istemal kerna hai. Bank majboor nahi hai. Poori baat sunain. Yahan sood lene wala majboor hai kyonke hosakta hai wo na to nokkri karsakta ho na paisa poora khurch kar ke apne ap ko Road pe lana chahta ho.
Great Scholar of our time
When someone is need of money that’s the reason a person reach out to ask money.
Main reason: A dire need of money and no source available on his own.
At that moment if someone gives money with asking to return with principal + Amount = interest ( kisi ki majboori ka fayada uthana)
Now how mortgage is halal?
Aren’t we getting any single room as well to spend a temporary time of this duniya?
Or the need is not the room but to satisfy out self esteem needs?
Agarche to baat sirf basic needs ki hai to wo insaan thode bhut struggle se puri ho jati hai, lekin bila majboori mortgage lena to get a house i don’t think it’s halal.
Like if we don’t take mortgage we have no place to live we will be dragged on the road then it’s a different perspective but still Quran clear states about this matter of mortgage.
Why don’t we have our own institutes who can build small houses and people can pay rent and spend their life.
If someone dnt take mortgage and keep giving rent, by the time that person would retire he won’t have any place to live since that person cant afford rent. What that person do in that situation?
All big scholars say this is wrong. Assim, Menk, Zakir Salah etc. Mortgage based on interest is haram.
Sayyidunā Jābir رَضِىَ الـلّٰـهُ عَـنْهُ narrates that the noble Prophet صَلَّى الـلّٰـهُ عَلَيْهِ وَاٰلِهٖ وَسَلَّم cursed the one who consumes interest, the one who gives it to others, the one who records it, and its two witnesses, and said, “They are all equal.”
great scholar great interpreation
I have never listened such a lame logic ofcourse when you borrow money you are going to buy something from it etc house, car, medicines, or education. So you converted it to useable thing and hence its halal…..Paying back that money with a percentage more is definitely Riba/sood/ Haram
Is it fair on bank to give you 100k and you invest in property and give bank 100k back after 20 years ?
👍💜🕊️
اس بات کی سمجھ صرف غامدی صاحب کو ہی آئی ہے باقی کسی کو نہی
When the Quran was revealed, Allah knew about the time we are in now and HE still made the the riba Haram same as alcohol. Allah would have said that small amount of drinking alcohol is fine as long as it doesn’t toxicate you but He knew we will twist the ruling hence it was made Haram. Allah has simply declared the war against those people who are involved with Riba.
Wrong,
Very informative.Make sence.
Nonsense
Ghamidi Sahib completely twisted the definition of interest to adjuste it according to current norms. If interest is only on consumable things as he said, then interest on vehicle and machinery is also haram, because they depreciate and lose their value over time.
As regards house mortage, bank does not receive rent, it simply receives extra amount (interest) over the principal loan amount it gives to the borrower. So money over money is clearly haram.
Thirdly, how can we justify paying interest on the loan which we don't necessarily have to borrow. You can live on rent if you can't afford to buy a house instead of take loan on interest. When we are giving interest not by compulsion but by our own will, it means we are encouraging interest based system.
Ghamidi Sb. is no doubt on of the best scholars of our era but unfortuantely he is also using faulty rationale/logic on some matters in order to modify/adjust the teachings of Islam for current socio-cultural norms.
Same thoughts here @ house mortgage. I live in Italy and so many times the bank offers me up to 1 lakh Euro to choose an apartment. Which I have to return 1Lac'20 thousand Euros in 25 years. Simply the 20; over 1 lac is interest. But people use religion for there own personal interests. And leave the basic shrea*. Sorry I Don't agree with Ghamdi sb here
@@waseemsarwar6211if u spend 25 years in rented house u will pay more than 20 thousands, so consider those 20 thousand extra that u will to bank as rent according to common sense I don’t have religious answer
@@zalmaikhan7239 interest is prohibited in Islam in any sense. Living on rent is better than sleeping with mother.(reffered in Islam if one involves in interest business)
Agreed interest is haram
Y it's halal on morgage
It's just Haram that's it
Not agreed sir
Respect u alot but on this point not agreed sorry
Neem Mullah khatra e iman
What about fluctuations in interest rates in mortgage , he is not addressing the actual issue and giving interest is fine ?
100% right
what about penalty
He is explaining bullshit totally wrong
Aoa, is investing in behbood scheme is sood ?
Sir, tell me if a person buys a car or a house from the bank, he is charging more than the market price, then the bank or the person who is a shopkeeper who charges more money, in which category will he put what he has Additional amount is charged
Qarz ke oopar asal raqm ke saath zayed raqm ada karna sood kehlata hai Mortgage main bank humain apne paison se makaan le kar deta hai is main bhi bank apna asal aur oos par zayed bhi wasool karta hai magar qarz par lene wala pesa apni jo mushkil thi us par kharch kar diya ab wapsi par majboor bande se asal ke saath us par zayed mangna tou haraam ho ga magar makaan ki asal raqm aur zayed ada karne ke baad makaan tou hamara ho jata hai khrch nahin hota balkey us ki value waqt ke saath bank ko diye gaye pese se kayee guna zayada ho jati hai tou ye kese sood ke zimrey main A sakta hai ?
My question is very simple kia aesy insan ya idary say aap rawbat rakh sakty ho ya karobar kar sakty ho ya usy dost bana sakty ho jis k khalaf Allaha aur us k Rasool nay alan jang kar diya ho.
Yes or No
No doubt about it
But
Can you live without dealing with Banks especially in western countries, where you have to get pay through your bank account and even you have to pay your bills through bank…. ?
According to your suggestion, you Can’t have any dealing with any institution who takes interest, then what would you do ?
Any thoughts on it ????
Sensible answer...
سر یہ بتائیے اگر کوئی شخص بینک سے گاڑی یا مکان خریدتا ہے مارکیٹ میں اس کی قیمت سے زیادہ وہ چارج کر رہا ہے تو وہ بینک یا وہ شخص دکاندار جو ہے وہ زیادہ رقم چارج کرتا ہے وہ کس زمرے میں ائے گا وہ جو اس نے اضافی رقم چارج کی ہے
Islamic banking b isi principle pe based ha jo ghamdi sb keh rhy hain.
Sirf late payment pe extra amount denay ka fraq ha
Whenever someone takes mortgage house they make an agreement that they will pay back to the bank with interest that agreement is haram because it's rribbah...that's why mortgage is haram ...in Sahab nay pata Nahi kahan say mortgage lea
Yes 100% right but if we pay back the same amount but what about if we have to pay back double then
That is service
Jab ap installments pa koi chez laite hain tu double amount pay karte hain, is this sood?
No because we are paying for using the house or things.
Jab ap installments pa koi chez laite hain tu double amount pay karte hain, is this sood?
No because we are paying for using thehouse.
Everyone Read hadees no. 4093 (int. 1598) - Saheh Muslim.
Jabir (R.A.) said that Allah’s Messenger (S.A.W.) cursed the accepter of interest and it’s payer, one who records it, and the two witnesses, and said: They are all equal.
THIRD OF ALL,DESI BUILDERS WITH EXPERIENCE OR SOME CHEAPER DEALS WILL BUILD YOUR HOUSE ON LOWER PRICE IN ABROAD,INSHALLAH.
Exactly sood dene wala mujrim nai lene wala mujrim hy, or aise hi zana kerne wala mujrim hy jo bechari kerwa ri hai wo mujrim nai. Wo halal hy.
Wah kya definition ki hay, wah !!!!
O khabeesa
Shay main badal jaana is very delusional when it comes to mortgage, you default on your payment and the very next moment house is converted back into money. Question comes to mind, buying a house that is beyond your means is a necessity or a luxury wish? That compells you to tie yourself up with bank and interest. Sood dainay walay hongay to lainay walay encourage hongey..aor yeh silsala barhta jaaiga...so haram is haram jitna bacha jaay acha hay.
Ye taqreeban aisa hi hay ke koi kahay sharab peena haram hay aor pilanay wala nahi? Yani ke tamam bechney walay bicharay mazloom hain?? (astaghfirullah). Haram is haram and it involves both parties not just one. Just my opinion...Allah(s.w.t) knows Best.
I am amazed at ghamdi sahab's explanation. Bank themselves call the extra money as interest(soodh) and yet he is justifying that it is not soodh. Interest by definition is extra money paid for lent money or delaying payment and there are several other Hadith based factors as well which clearly indicates that the conevntional banking based mortgages are Haram hence, what Mr. Ghamdi is saying is completely null and void and that is his own explanation. How come majority of the well educated and reputable scholars like Late Dr. Israr Ahmed, Taqi Usmani sahab categorised conventional banking as Haram?
Moreover, at 03:23 he said k Quran or hadith mein interest ka dene zer e behes hi nahi hai. It's a completr lie. Please read this Hadith- Sahih Muslim 1598 "Jabir said that Allah's Messenger (ﷺ) cursed the accepter of interest and its payer, and one who records it, and the two witnesses, and he said:
They are all equal."
Please don't misguide people and dont lie about Quran & Hadith.
I request all of my brothers to please atleast study Quran & books of hadith by themselves and dont completely on such scholars.
Jzkl brother
Very well said
Read the hadees again.
There is not any word of Arabic in that hadees which means payer.
The bank give you loan for House.and bank take interest on that loan so you say that interest is legal.
Bank kehta hai k mujhy paisa dien or bank apk paise se ghar letaa hai or rent out krtaa hai huge quantity main..,
Tu phir uska profit bhi rent hoga or kia jaiz hoga...
Bank ka naam a jane se sb ye kyo smjhte han fir k ye sood hai plz explain kr dien
Yehe bat to mugy b samj ny ary
In short yes or no.please
No don't do it he is misleading people
I don’t accept this logic bank doesn’t get the full amount of the house but more than a full amount of the house it gets from us which is sood
What is evidence from the Qur'aan or sunnah that purpose of loan changes its status -- what is the Qaati' Nass that differentiates between consumables vs usables? Or is this just your speculation?
IF YOU BUY A PIECE OF LAND,THAT WON'T BE EXPENSIVE THROUGH LOCAL EXPERIENCE REAL ESTATE AGENTS.
That's the most stupid and twisted definition of sood ever. According to his logic, sood can only exist if lending someone money is involved (for whatever purpose) when, even that comes under sood if you lend one kind of good and in return get back similar good of higher quality.
lol, why twisting meaning of interest. Mortgage is haram, simple. Where does it says if consumable/ not consumable than interest allowed? Give some reference. Really sad that people are supporting what Gamdi is saying.
Why would anyone lend you 1 crore rupees and you repay after 25 years, inflation will erode the value of the 1 crore so you are repaying much less then you borrowed
We just want free money that would give the lender SAWAB 😂
SECOND OF ALL,BUY A LAND INSTEAD OF HOUSE.
You r totally wrong bank never convert it into property ,they want to hold paper for safety of money but do not convert it so when They don’t get money back they charge their money with interest
sood is sood, mufti saheb try to confuse it. if sood convert like this then it is more dangerous
DESI REAL ESTATE IS NOT A HONEST DEAL ACCORDING TO MY EXPERIENCE, SOME WITH 0 KNOWLEDGE, SOME WITH BEST KNOWLEDGE.
Soad ko likha jata hain...or jab likhne walo ko bhi galat kha gya hain to jo wo likh rha hain isi ki wajha se galat kha gya hain na ke ye na likho.
Ye soad ki tehrer ko bhi na likho warna gunnah hoga... To janab per soad dene wala sahi hoga wah...kya logic hain apki
There are thosands of way that are considered halal and these are terribly exploiting people.
Gumrah na karain logo ko.
Alfaz ka herpher na karain.
sood lyny wala deny wala is ko likhny wala sab haram ha consume ma kesy sood yah ha k ap jo paisy lyin us ma munafa lyna sood ha
IF YOU HIRE STANDARD LOW,S EXPERT TO BUILD YOUR KITCHEN ONLY,HE WILL CHARGE YOU 40K OR ABOVE,ACCORDING TO ONE OF THE ESTIMATES FROM THEIR MANAGER.
This is the most irrational and illogical response to the prohibition of interest in Islam.
غامدی صاحب اگر کوئی شخص آپ سے قرض لیکر کسی سکیم میں لگا کر اچھا خاصا منافع کما لیتا ھے تو کیا آپ اب بھی اس شخص سے آپکی رقم پر حاصل کردہ منافع سے ایک خاص حصہ حاصل کرنے کو غلط سمجھیں گے۔۔۔۔
In his explanation he just showing his own point seems like he himself have house outside of country. If he is right about his explanation he didn't mention any Hadith or Quranic verse. Sood is sood whatever he say kuch badal nhi jayga apnay mufaad k liye.
Haram ko halal her dia.. Toba
With all due respect to Ghamidi sb im sure he has taken a mortgage himself. His explanation is totally ridiculous. Please sir don't twist the straight forward concept of interest.
you are right,, i have seen another video of Dr Zakir naik and it is very clear that mortgage is haram,, it is sood,,
Very true! That is why I am just renting and waiting for a better job so that I can save and build my own house with my own money, In sha Allah. Otherwise, there is no problem with living in a rented house.
Renting a house and end up with no home or buying a home on a mortgage and in the end becomes the owner.
Which one is better for a human being?
Believe me those who want fear Allah don’t have any doubt that mortgage is Interest and it’s Haram only those seeking an Ok fatwa cheers him.
He clearly lies as he said that there is no orders about the one who pays interests . While Rasul Allah said the one gives and takes interest are equal Muslim (1598).
But I bet he himself pays mortgage that’s why it’s halal😂
1ST OF ALL,ACCORDING TO MY EXPERIENCE, DON'T HIRE DESI REAL ESTATE AGENTS FOR HOUSE NEEDS.
Real scholar of his time
In ky hal pr to Allah rahm kary shytan ky kitny fitny hyn or kis kis shakl my in ko sun kr pata chalta hy. lykin khoshi hoti hy logo ky comments perh ker jenky aoper koi aser inki baton ka nahi hota
Kuch bhi
So you're promoting interest by allowing an exception that paying is not haram. That way only true Muslims will be at a loss and everyone else will be benefiting. Islam doesn't work that way. Being involved in interest in anyways is haram
The most twisted definition of interest ever. Very misleading for the general public.
Great misleader of our time. Sud is absolutely forbidden. Who is Ghamdi to add ifs and buts.
Abey tum 5 canal ka ghar ma ho
I'm not agree with ghamdi sahb
His logic makes no sense- there is no riba on usable things?? Then what else can a person possibly be taking out an interest based loan for- other than things like medical bills which becomes a daroura anyways.
Fitnaa . Allah bachye aise fitno se jo islamic definition ko twist kr k so called modern era k mutabik adjust krlete hn taky har qism k tabkat ko razi rkha jaa ske.
There is no radical libral and modern Islam. There is only one Islam, My beloved Prophet's (p.b.u.h) Islam
Difference between learned knowledge of Islam vs typical Indian Pakistani Mullahs, Muftis, Allama and Peer baba.
Thank you ghamdi Sahib to explain it in very simple and logical term. It is unfortunate the typical Indian Pakistani never shy away from drinking alcohol, having relationships with girls or men but when it comes to buy house or looking at eid moon suddenly Pakistani or Indian Muslims becomes typical mullahs, Mufti allama, and peer baba.
Aqal is the biggest Nehma from ALLAH and ALLAH orders to use Aqal. On the day of judgement you will be standing alone in front of ALLAH to answer the way you lived your life. And if you would answer I lived what Mullahs, Muftis, Allama , Peer Baba told me then it does not take rocket science to know the outcome of that answer
Islam indeed very simple, easy but disciplined to follow.
The more you educated yourself on Islam just like you spent 16 to 20 years of a young life earning a degree to earn better living the more you find out how easy simple peaceful and enjoyable it is to follow Islam.
Ajeeb logic hay kiu k in k apny ghar hon gay , mujy nahi lagta ye koi thek jawab hay ,
This guy is a lost case. He's twisting the meaning.
Such a Great Scholar thank God we have him
Ghamdi sb.
Jhoott mat bolain.
Kyu logo ko Jahanumi bana rahay hain?
Pehlay kiya kam musibatain hain ham par??
Besharam
Such a stupid answer. Allah has clearly stated Haram for any interest based transactions for all the parties. This guy has lost his mind and he has no proper knowledge in Islam
Total absurd and nonsense. He's out of mind.
What a shameless explaination
What else can you expect from such agents lanti
Shame on ur language Learn to respect he is a big scholar U don't understand difference between Interest and Finance
Ghtiya tarbeyat
They don't understand the world... These are the same type of people who think Saudi Arabia is following Islamic finance 😂!
Thet don't understand that the fitna of sood is already taken over the world... Not one Muslim nation follows Islamic Finance properly. The entire Saudi economy is run by oil... Which is pegged to the sood infested petrol dollar... But they use their arguements to make themselves feel good and make other look bad.
@@imranlion1996
استغفراللہ قسطوں پے گھر لینا حرام ہے سود لینا اور دینا حرام ہے سود زنا سے ھزار دفعہ ذیادہ گناہ ہے
Anti Islam concept of riba. Allah says in Quran that I have permitted trade and prohibited riba Mr fasadi the bank grants you loan she fixes interest on that principle amount therefore a person buy house with money and he/she pays more money on that fix amount. Installment is totally different thing. Listeners must read for thierselves otherwise such rented scholars will push us to deviated path.
.