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 war against Allah SWT and his Prophet Muhammad PBUH.

@reshmarajpar1098

Жыл бұрын

Wow amazing . Mashallah

@scientist6535

9 күн бұрын

You understand the video??

thanx to clear my question

Thank u jazakAllah for clearing my doubts.

JazakAllah

Jazak Allah khaer

Sir....MashahAllah Allah ne ap ko bohat zaheen banaya meri dua hai Allah se k her muslmaan ko ap jaise zahanat aata farmaye ameen...

MA SHA ALLAH...very beautifuly describe by sir Zakir naik thanks for information

Jazak Allah brother. Keep spending the knowledge.

Jazak Allah my confusion is clear Thanks & Allah bless you (Aameen)

جزاک اللہ خیرا کثیرا

@FahimAktharUllal

Жыл бұрын

Wa eyakum Barakallahu feekum

Hamaisha Duaon ki darkhawast, jaza kAllah Khair

Thank you so much

Confusion cleared now..thank u doctor Zakir Naik saheb

Ma Shah Allah dr sb

JazakAllah sir ❤

@FahimAktharUllal

3 ай бұрын

Wa eyakum

Jazak Allah

@FahimAktharUllal

Жыл бұрын

Wa eyakum Barakallahu feekum

Very clear

JazakAllah Khair ! I was so confused on it till now. It’s really an eye opening for me.

@emanazmat13037

Жыл бұрын

Ghamdi sahib ko sunooo es mamly mn , he is more clear.

@mkrao100

Жыл бұрын

Either you are suffering with psychosis or had to be absolutely dumb to believe this nonsense in 21st century 🤦‍♂️

@farhankazi5234

Жыл бұрын

Same here bro

ZAZAKALLAH KHAIR

Sir thanks for the guidance, please also add your personal opinion

I always thought this way. That simple interest is similar to trade or profit. The compound interest is ribah or haraam

What if somebody is not sure how long it will take for him to payback the installments and he asks to write 2 condition in contract that i will 110 after 6 months or 120 after 12 months.?

Jazak Allah khair zakir naik sir were missing your live islamic public Q&A in india May you come back soon ameen

@shriharikulkarni2305

Жыл бұрын

Does Allah treats all his creation as equal Does he deliver equal justice????

@dr.muhammadyasirarfat5918

Жыл бұрын

@@shriharikulkarni2305 yes. His justice ⚖️ shows he gives light of sun .moon. air weather equal to All in place

@shriharikulkarni2305

Жыл бұрын

@@dr.muhammadyasirarfat5918 what difference it makes if somebody calls Sun by some other name The sun remains same Is it not

@cosmos861

Жыл бұрын

@@shriharikulkarni2305 i can guess what do you mean...

@shehlashujaat1540

11 ай бұрын

Thank you so much

Last hadees about camel anyone know the number or details?

Ruble and Yuan should be included as International trade currency options in WTO.

Dr Zakir Naik, I live in the UK and car insurance is a legal obligation. I understand having a car is not but I need to drive it for business and family matters. My question is can you take out the car insurance on a monthly package which is roughly 40 pounds more than the annual amount but with annual you have to pay in lump sum and it’s not fully affordable as it puts me in financial distress. Furthermore to being a legal obligation, it’s trade but only for the insurance company as they are selling the service but I am taking with the intention of not claiming on the insurance even if a accident takes place allah forbid. Can you please clarify so confused! You mentioned trade and the extra price for monthly being trade but is that not interest? The price is fixed for the monthly by the way. Thanks

How to ask question

How can we ask question to Dr. Zakir Naik

so just them saying if you're late to pay we'll charge you extra then it's all haram to do and leave it ? or if i say ok i pay on time then it's ok?

Hey this is my question. I didn't realize that he answered it

@FahimAktharUllal

2 жыл бұрын

Alhamdulillah

@nawabmirza8139

2 жыл бұрын

Omar farique ye koi mamooli maulana nahi balki high qualified aur genius scholar hai.. Inke pass almost har ek sawal ka jawab mojood hai ..

@omarfarique6304

2 жыл бұрын

@@nawabmirza8139 Please speak in English. I have no idea what you just said

@Captain-Blunt.

2 жыл бұрын

@@omarfarique6304 he's saying that this particular scholar is well versed and a genius in his craft. I think he thought that you could not find the answer to your question in the video.

@omarfarique6304

2 жыл бұрын

@@Captain-Blunt. Oh I see... Yeah Dr Zakir Naik is really good

Assalamualaikum, My straight forward question - They say on emi it will be suppose 8% of interest for the car I purchase. What it should be considered?

@khanomarkhan

Жыл бұрын

It's Riba and you should avoid it

There is always delay in payment, then what to do?

I am an American Muslim. And we have several Islamic Financial Companies based on Shariah here in USA. Guidance Residential, Lariba and Devon to mention few. Hope this helps someone.

@sadafnaaz9786

Жыл бұрын

Asalamoalequm sir.. I want to buy house..is there any islamic bank who don't take intrest

@Atlantadiary

Жыл бұрын

None of them is halal, unfortunately.

@naimacakirlar9030

Жыл бұрын

I need to contact you. I am a Real Estate Investor and have some questions

@musasvideo4124

11 ай бұрын

Lariba worse financial institution they held me for 2 month to approve 20k auto loan

@abusalim4642

6 ай бұрын

I looked at Guidance few years ago and they use interest percentage as well.

Sir hope u may answer please .I were having cc limit from bank .but from three Yeats I am paying the interest .but from last 4years I am trying very hard to pay the all amount but failed still I am trying trying and trying .am I the same category in frint of allaha as one is collecting the interest.

Then what is the definition of interest

Another thing is what if the item is imported and currency value increases than the price increases gradually , similarly the property prices also increase by time because the contracts can be more than 20 year's

@farhankazi5234

Жыл бұрын

So you have to quote your increased price for instalments, keeping all these things in mind prior to the deal. Simple.

So if i buy a car on finance it’s allowed ? Like they say if you buy it now then it’s this much but if you take it out on finance, you will be paying 2k more by end of the fixed terms ?

@Hasan...

Жыл бұрын

Yes, as long as the monthly payments are fixed, and the deposit (or final payment, in case of PCP) is already pre-defined, it's halal..... The only case it is not allowed is when the monthly payments (or any final payment) increases due to "time delays" which was not previously known/fixed. So when buying a car on instalments, make sure the interest rate is fixed and you already know how much you will end up paying in total before you start paying. Then it is halal.

its means that increased price on installment is permitted but penalty on delaying installment repayment is haram.

How to ask zakir naik sir??

Most of the agreement says if we don't pay on time then we have to pay a penalty then it means its Haram?

Assalamu Alaikum, I think the example of camel was not at all buying and selling, I think it shows the agreement of leasing. Because the first camel was to be returned in the replacement of original and second one was be given as rent. As this doesn't happen in trading. Allah knows the best.

@adaam.l1839

2 жыл бұрын

This is like when you give someone 100$ then they pay you back 200 $ as per sheikassim this is harram

@abdussami5779

Жыл бұрын

Plz some one give the reference of this hadit....

@aaqibkhursheed9523

Жыл бұрын

Brother this is like rent. If you are renting a house for a year. At the end of the year you will pay an amount of using it( let that amount be equal to the total cost of house) and after 12 months you will also give the house back to its owner along with the rent.

@aaqibkhursheed9523

Жыл бұрын

@@adaam.l1839 brother when someone gives you 100£ and its rent is also 100£. Then after you use it you have to earn 200£ to pay back the owner. But if someone if giving you camel(worth £100) and its rent is also a camel (worth £100)than after you use the camel for an amount of time the camel will not lose its existence it will be of (£100) then you just have to earn the money of rent only as you have one camel on you.

@aaqibkhursheed9523

Жыл бұрын

@@adaam.l1839 raba is only on things that lose their existence when you lose them.

Plz translate it in urdu

@hasnatimtiaz6438

Жыл бұрын

Yes plz.

ALLAH HU AKBAR ALHAMDULILLAHI RABIL ALAMEEN there is none worthy of worship except ALLAH SWT and whatever is in the heavens and on the Earth belongs to ALLAH SWT

Please explain me that if that person who toked installment and don't pay other remaining money that person who sold him product what is he should do that situation???

@KK-gc8qc

2 жыл бұрын

It is breach of contract than, take the product back, if he refuses to pay money

@ganisherhaydarov3425

2 жыл бұрын

@@KK-gc8qc and what about the money will he give him back which he paid before?

@KK-gc8qc

2 жыл бұрын

Don't need to as he breached the contract, not you. But it's better to ask him first maybe he wants to give the rest payment but he doesn't have resources yet

❤️

It is totally confusion now..I have two doubt.. 1. Usually there will be a third party finance provider like bank they will give money on the behalf of customer..Is it allowed?? 2. Can we consider this deal as " bank is selling this car to customer at higher rate, and customer paying it as installment"...???

@abdullahmolabaksh6501

2 жыл бұрын

Brother theres 1 rule u can fit on anything interest is applied when its money against money. For example i give u 100 usd and in return i give u 120 usd. When there's a commodity or goods involved its no longer interest. If bank is paying for car then the car becomes commodity . But if bank directly give money for car lets say 50,000usd and say pay us in instalments nd it becomes 60,000 usd this becomes interest. But if bank buys u car and asks for instalments nd they r charging extra its no longer riba. Its complicated also u hv to better select Islamic Banking becoz other banks dealing itself in riba .

@abdullahmolabaksh6501

2 жыл бұрын

But 1 thing to keep in mind . In contract it should say dat the extra they r charging is for services or rent . They shouldn't say its intrest becoz if they say its intrest then their intention is riba . Also they should not add penalty dat if u pay late and delay u hv to pay extra

@Bilal-ci1ed

2 жыл бұрын

kzread.info/dash/bejne/kZ-mpKqNequnoLw.html&ab_channel=MeezanBank

@INARA72

2 жыл бұрын

@@abdullahmolabaksh6501 the problem is how do you what bank is exactly doing .mostly bank sell interest and they say they are investing on customer behalf with a promise that there will never be any loss etc

@agribusiness689

2 жыл бұрын

@@abdullahmolabaksh6501 in the time of prophet muhammad (s), what was the currency and what was it made of. if this is the case than there is no interest in barter trading. brother keep you self away from ribah it is the biggest sin. and increased money of installment is ribah.

I'm Jamshed from Peshawar Hayat abad😊

Hindi translation koi hme btyenge

@fahim akthar Ullah great.. by this logic .. A person doing Fixed Deposit and contract is there that 5% return will be given after 1 year will be considered halaal.

I was thinking to buy bike on installment but afraid of interest amount thank u for clearing my doubts now I can buy bike

@abkhan6655

2 жыл бұрын

Here question of installment is raised not taking finance from bank Finance frm 2nd source is totally haram

@khanomarkhan

Жыл бұрын

Brother u didn't get that I mean no you should not buy anything which attracts Riba interest

So according to this taking a student loan but paying later with extra with a fixed amount its permitted?? Can someone explain. It's including if you go for convention bank morgage. If the extra payment is fixed is it permitted??

@ammarali1030

Жыл бұрын

Installments on payments of things is different and installments on payments of loan etc is different.

If a bank will not charge a late fee fine on late payment of installment.. then how can they make sure that ppl pay them on time ??

@AhsanZafar

Жыл бұрын

force them personally

taking a personal loan from the bank is prohibited or allowed by the Quran?

Bukhari::2068 Narrated `Aisha: The Prophet purchased food grains from a Jew on credit and mortgaged his iron armor to him

Okay so, if you buy a car and it is fixed at a time for €60.000 but paying it in installments of 5 years it will make it €65.000 at the end. That is permitted because it is trading. And so, is this the same as when you buy a house? Eg.: house is half a million at the time when fixed the installment will be over 30 years and end amount is €530.000. This is trading as well? Not riba? Because you said it’s only usury when you are late with paying, eg. You paid a fee months late the end amount would be eg €600.000. Is this riba and haram then?

It means we can take loan but not on floating system, but in fix amount.

Hence Question not answer for buying on emi from bank.

Pls do it with Hindi or Urdu

AS you said,if the party who is giving a credit not made any extra charges if you delayed the payment then it is not haram. while in today's world everything is mentioned in contract but if we delay the payment. the bank charges some extra amount as bouncing charges.,... so in that case? installment or finance is haram ?

@fredyph30

Жыл бұрын

Ideally, yes!!

As Salaamu 3laykum, so trade is when you are purchasing something from someplace and then increase on top of that so you can make profit off of the item. That is okay. However, the companies, what they do is that they buy things on a loan and sell it to you however, it was purchased through a loan company , bank, etc. and the return that goes back (ie payments) will have interest with it. That is my haraam in my understanding.

My self Arif , m from Kolkata, India. I have a small business. I am a tyre dealer. I have dealership agreement with many tyre companies. I have a question that is it permissible selling tyre on EMI to the customers who couldn't afford to buy tyres in cash. Even I do not get any extra amount more than fixed price. I just connect those customers to finance company like Bajaj finance. Which I hve worked with. But do not get any extra amount from this company. Further the company put some extra amount on my product price and make a deal with the customer. Is it permissible?? Please help me

I really don't know what the difference is as a mortgage is paid in instalments over its period that you have contracted in. Also if you purchase something say a car and you put down a deposit and the outstanding amount you agree to pay over 5 years in equal instalments but when you add up the 5 yearly instalment, it is higher than the outstanding amount. This means that you have paid some level of interest. However you twist the maths, when you agrtto buy something that you cannot fully pay at the time of purchase, you will end up paying more. That extra amount is interest no matter how you juggle the words.

@aaqibkhursheed9523

Жыл бұрын

Riba is on the things that finishes or loses its existence when you use it. Car doesn't loses its existence when you use it. The case you mentioned above there is not interest in either case.but usually the prize of car will be increased if you pay it in 5 years. For example When you buy a crate of bottle( 6 bottles) from a factory you will get it in low price. But if you buy 6 bottles one by one from shopkeeper it will cost you more. The extra cost is the profit of shopkeeper who is spending time to pay it.

@aaqibkhursheed9523

Жыл бұрын

Trade and riba are two different things. In trade things that you give to people don't get finished like money.

@MohOz

Жыл бұрын

@@aaqibkhursheed9523 so mortgage is halal?

Please tell in urduu

What if I am taking the amount from bajaj and it says 0% interest and they charge some processing fee in starting. Paying processing fee is halal or not??

@FahimAktharUllal

Жыл бұрын

Good Question. I request ask with Good Scholars. By wording, it look good. I am just a student.

What is the Islamic ruling regarding a fixed late fee that has been agreed upon in advance?

I love him , and I have massive respect for Dr Zakir Naik but I’m not agree with him this time, If it’s permissible so I can purchase a home from bank interest? In case if they won’t increase the percentage of interest ?

I am wondering if it is possible to for Banks or government to increase tax rates proportionately for people availing loans. In this way the loan will be linked to percentage of profits/earnings instead of fixed interest which is Haram. And people availing loans, will have to additionally get their books audited by government or Banks.

@FahimAktharUllal

Жыл бұрын

No comment Please discuss with good scholars Thank you

But in the documents they make an agreement which is clearly mentioned as interests...

So if you take mortgage with interest rate fixed it’s the same ?

@uiuxshoaib

Жыл бұрын

That's a good question. You should write to their platform or email them. But most probably, wherever the word interest is, it's not allowed by default. But I'm no scholar, so better to write to them.

@IchigoKurosaki-uj4lz

Жыл бұрын

any answers yet?

@uiuxshoaib

Жыл бұрын

@@IchigoKurosaki-uj4lz I think Dr Zakir has already answered in another video "where someone asked to buy house through mortgage" You should also KZread that.

Isn't that the same in mortgage? Amount is fixed and payment schedule is fixed.

@Neptune_171

8 ай бұрын

But there is a late fee.

No cost emi...haram ya halal...plz batana......?

@Ironman29er

2 жыл бұрын

Till when buyer and seller agrees on fixed amount in cost or no cost emi then it’s permitted as per the speaker.

@shakeelfatima5831

Жыл бұрын

Emi pe lena halal hai laikin agar usme shart lagayi gayi ho ko agar paise time pe nahi pay kiye to aapko etc. Paise pay karne padenge, yeh haram hai

If there is delay in the payment, there should not be increase in the payment, by this law, most people will give the instalment at time because.they know if there is delay no fine is there. So, no bank allow this thing I think, so if there is delay in payment and some fine is there, then in this case will it be allow or not?

@sarfrazsikandar9588

Жыл бұрын

Isn't it fine but not interest in Thai case. Interest will be if fine ancreases monthly regardless of payment date. What you pay is delay processing fee. How is that interset.

So dear sheikh zakir naik.. if i biy a house and pay in installment. And the bank fix the amount of profit which they take( 10000 cash. In 30 years 115000 interest included but fixed) is it permissible accorsing to you??,

@muhammadahed8873

3 жыл бұрын

Taking RIBA is haram

@noorin1196

3 жыл бұрын

Dear you just understand his comments word by word he told if your installment delay and that time your price revised that is not allowed price fixed , but dear brother why you are taking for 20 year instalment if after 5 year you die you creat problem for your children only that why cash flow only by hand not fix future plan because we don’t know when we will die

Now I have a doubt.. if 2 camels can be paid for 1 camel and so, more amount can be paid for less money .. isn't it like interest? Like in case of Riba, we give $100 let's say and they pay $120 after few months. And isn't it similar here? We are getting an item worth of $100 and paying $120 for it later?? And if you say it's paid in instalments, so it's fine .. then many people do money lending process in form of instalments only? For example ..they give $90 and get $100 paid back ..which will be like $1 per a day ..so I expect some explanation from someone. Thank you.

It's confusing should I buy or not based on current situation of bank in INDIA.

@muhammadahed8873

3 жыл бұрын

Don't buy it is interest.It Allah who created everything and gives sustenance .

@khanomarkhan

2 жыл бұрын

interest is not permited in islam brother do not buy on fianance

Koi Bhai is ko Urdu me translate kr dy plz?

How to ask questions? What's mail id ?

Mean clear that anything sale in installment with increase price is halal.

In payment by installment , interest is included and 'hidden' inside the installment. . The concept of no riba /interest fails. The business person will always include the intereset Riba.

@sarfrazsikandar9588

Жыл бұрын

It is not always the case. Depends what you buy. I can buy a smartphone with cash for around 1000 euro or I can pay it 100 Euro per month over 10 months. Where is hidden interset in this case? But if you to buy a car or house, then thats different case.

@syedahmed5480

Жыл бұрын

@@sarfrazsikandar9588 This conversation was about buying a house, which takes 20 to 30 years to pay off

Sir if I take 100 dollars and pay in emi 110 dollars for 3 months is it permissible

@drmofazzal8582

11 ай бұрын

No

Assalam Alaykum wa rahmtullahi wa barkatuhu . Brother I am asking you one question that if product's price is 50,000 and they are saying that if you buy it in installment then they you have to give 60,000 .But this prophit earned is only when a person buys it after a fixed period of time T when he is in debt .If a person buys this product at the spot then price is 50000 .By Allah in whose hands my soul is this10 thousand is interest and it is haram taken by companies and banks .Real sinners are those who take interest .

@KK-gc8qc

2 жыл бұрын

You have to understand interest is over money not equity, on equity you can have extra amount, on money you cannot

@pashtoonkhan3878

2 жыл бұрын

Are you a Mujtahid?

@mrawsome9279

Жыл бұрын

Exactly What i was thinking

I have checked Sahih Bukhari Hadith no 206 its about Wadu/Wozoo. Why your reference is incorrect? how can i verify this?

@historicaleduca7

Жыл бұрын

Brother he quoted 2068 not 206

@sayedim4107

Жыл бұрын

😂

@aszsaeed

Жыл бұрын

@@historicaleduca7 brother he quoted 2 hadith ref not one

In canada enen masjid are bought on interest, loan taken from bank to build masjid, can we pray in that mosque build on interest???????

@FahimAktharUllal

Жыл бұрын

Madam, Once prophet Called by Jewish women for home. Prophet Muhammad accepted the invitation for the home. Prophet went ate in the Jewish women house. In that time, Jiwesh people is deal in Riba. There is no harm in praying in the Masjid. YOu can't make document or proof for 100% masjid built on loan/riba based. Please go with postively. Shaitan always in our back, to make excuse to miss the Salaah. Thank You

Actually if you delayed the payment then according to contract also you are only liable to pay that amount which was in the contract else go to judge file a case and demand your money just don’t ask any extra money from him and if he do not pay his instalments one should not sit and think that I’ll he getting more money from him that’s the catch.. If you have sabr give him that if not we have courts and laws which look after agreements

But most of the NBFCs and Banks both are charging DPI i.e Delay Payment Interest that's why I believe Muslim should avoid these type of trades to maintain his or her Riba free Financial planning. May Allah guide us into the straight path.

Say is I take 1 laks loan from a bank and agree to pay 1.5 laks after 5 years, is that not a Rebba/Interest?

@shameerjiffry5307

3 ай бұрын

You cannot borrow money .. here he is talking about selling a product.. you want to sell something that you bought for 100 dollars .. but you agree to sell it to someone for 200 dollars... As long as the sale amount is agreed at the start and is divided over several months , this is halal... You cannot increase the price or ask for more during the installment period and this becomes haram... So the main idea is to agree for the price at the start of the deal and divided it over whatever months you agree with the buyer when you are the seller.

Assalamu alaikum bank se loan lekar karo bar shuru kar sakte Islam mein han pareshani pareshani iske liye ek bar loan lekar vah shuru karna chahte hain

@ENTERTAININGVIDEOS1

2 жыл бұрын

BMA Loan bs soodhi / interest wla na ho bs.... Partnership aur shares ka option bhi sahi hota hii....

Sir in Urdu I don't understand English

I'm more confused now. I have a question. I live in Ireland and I went to a conventional bank to inquire about house mortgage on fixed term basis. So basically the final amount will be fixed and I'll know how much total cost I will br paying for the house. Bank basically buys house for you from the owner on your name but keeps it documents until we pay the amount back to bank. I asked them what if for some reason I loose my job and have loss of earning. What will happen in that case. They told they'll give me a time of a year or more for me to get back to my feet and this will not effect the total amount I have to pay back to them. Then I asked them about what if I die and have no money to pay back. They said its all insured and if you die, the insurance will pay rest of the money and house will be given to immediate family. Now in this case. I know the total amount i will be paying, the premium that i will pay every month, i wont be kicked out of my house if I loose my job or have loss of earning, my family gets the house if I die, its not money against money as bank buys the house first and then give it to me. This all matches with the criteria explained in this video. Moreover, I have been told that riba does not translates to interest. Riba is actually usury. However, as riba is a big sin, I'm afraid to buy the house. Rents are out of the roof. Single man cannot rent a house as he would end up paying his salary in rent. Its like 2500 euro a month in ireland and avg salary is like 2200-2700 euros. So my question is this permissible to buy a house on fixed term basis? Please someone answer this. The more I research, i get more confused.

@CS-with-king

2 жыл бұрын

Assalamualaikum, In the name of Allah the most Beneficent the most Merciful According to Majority of scholars, Muftis. Installments are halal bearing two conditions: 1. The seller(bank) should own the product 2. The final price must be fixed before we sign the contract (If payment is delayed more than the time mentioned on the contract, the buyer cannot give extra money, nor the seller can take it. (Because that is Riba) In your situation, if a person delays it for a year or more, will the bank increase the fixed price decided in the beginning? if answer is yes that in that case the increase would be considered Riba Note: "The above mentioned view is what I heard from scholar and I passed on the knowledge" I am not a mufti and I suggest you to contact a Mufti for better guidance, especially with the *insurance issue*. Wallahu A'alam Jazak Allahu Khairan

@afshan6559

Жыл бұрын

Israr Ahmed ko sune.....

@mrskhurshidmalik6637

Жыл бұрын

According to the common sense why to get exploited by the owners of the house and live in uncertainity through out your life where as bank gives you the gaurantee of the owner ship If there is any other good solutions we should be ready to opt for them Quran says to the wealthy people don't exploit the needies and condemns the Riba why the needies are held accountable for this sin of the rich people Quran and Islam address the problems logically alas we muslims don't address our problems sensibly

@donmiller9405

Жыл бұрын

I am an American Muslim. And in USA we have several Islamic financial companies based on Shariah. We have Guidance Residential Financial. We have Lariba Finance. And few others. I am sure you have some Islamic Financial Companies in UK.

@irfanmalik9081

Жыл бұрын

@@CS-with-king we all know that if we miss the instalment bank will definitely charge fine, but if we don't miss the instalment is that mean we are not involved in riba?

This doesn't answer fully. Buying something on installment, a contract or anything similar the seller has already added a markup of say a 10% for a 100 dollars and so the buyer ends up paying 110 dollar at the end of the contract or installment. Here the seller has just concluded the deal by adding a fixed amount of ten dollars to the actual cost which is in fact a flat interest of ten percent. Plz explain if it's not interest or riba

@FahimAktharUllal

Жыл бұрын

Profit is allowed not riba. Allah made business Halaal and Riba Haraam. Thank you

@faisalchogle3598

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@@FahimAktharUllal read my query again. Here the seller has added a profit of ten dollars which is actually ten percent in other words it's added interest wrapped under the name of making a profit of ten dollars. It's interest and not profit in anyway. And I don't want u to remind me profit is allowed and not riba.

@Hasan...

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@@FahimAktharUllal What an unnecessary reply and you're giving Heart ❤to yourself? Every Muslim knows Profit is allowed and Riba is not... Read the question he asked... For example: If the £10,000 (instant cash) is available on installments and the total amount, let's say £12,000 is fixed, we don't pay any more nor less... BUT.. it says that it includes a 8.6% APR (which is interest). Does that make it haram or halal? So Dr. Zakir Naik clearly explained that fixed contract whether higher amount is acceptable. But our question is what if that fixed higher amount already includes an APR (interest rate) which is what made it higher, not completely profit.

@Hasan...

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@@faisalchogle3598 By the way, I found the answer! kzread.info/dash/bejne/iY6XzZqsf7aadZc.html It is halal, as long as it is fixed beforehand, even if they claim to include APR, our conditions for halal are met ! (1) Fixed price and (2) Buy directly from who has it.

@FahimAktharUllal

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@@Hasan... Sir Please ask with Scholars. Thank you sir. Have a great day.

It is Halal not haram even if you increase the cost

Then why taking home load is Haram. We can pay in instalment.

Now clear ALLAHAMDULLILAH

I respect the views on the topic. However, now a days people are buying indiscriminately things they dont need but just to show off, on installments and then they get in financial troubles because they are not conscious of the implications if they break the contract. These assets are forcibly taken by the seller. This is against islamic rulings as far as i am aware

Aslamualikum Mujy Aik bike khreedni hai jis ki qeemat 6400€ hai aur Mein show-room ko 3000€ pehle dunga Baqi 2 saal Mein 164€ hr month pay krunga jis py mujy 274€ extra pay krne hungy jo k interest hai aisa unke installments model Mein likha hua hai. Tu kia ya Haram hai ya nai please koi bta de. According to this video Tu mein Wo bike khrid skta hun Lekin Agr show-room k installments model ko dekhun tu unu ny extra money ko as interest mention kiya hua hai. is liye confused hun boht please koi bta de

@shakeelfatima5831

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Jahan interest agaya wo haram hai

@mohsinomatic5306

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@@shakeelfatima5831 Thank you. I already decided not to buy bike on interest.

So what is the final verdict ? If fixed price and no increase on late payment then its halal ? Yes No only

plz reply me

Also I should mention here, correct me if am wrong, That Riba is haraam in cash & cash business because needy people are going more worst situation.

If I get loan from bank on fix rate like I borrow 25000 dollars and bank asked me to pay back in 5 years and pay back amount is 27000 dollars in total every month I will pay 400 dollar in instalment so the profit is only 2000 dollar in 5 long years is this ribah or legal business in islam I will use this money to make profit thanks and building property and selling

@FahimAktharUllal

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Better to Take this facility from Islamic Bank, as it is not Riba based. Commercial bank loan facility not allowed. As it is based on the concept of Riba. When you look the Commercial bank and Islamic Bank - it may look same but it is not. Then Allah knows best.

dear brothers. don't ask Dr Zakir Naik sharia questions. he is brilliant in explaining quran to non-Muslims and let him continue on that. he himself has said many times... I am not an aalim (an Islamic scholar)