Buying a Car or Home Without Riba (Interest)

Get 1000 free mp3 files of Hamza Yusuf, Siraj Wahhaj, Ayden Zayn and others! www.aydenzayn.com/free Watch the full lecture here:    • Economic Challenges For Muslims In Am...   Listen to on Apple Music/iTunes: www.islamondemand.com/107itunes Buy the DVD for this title: www.islamondemand.com/107disc Qur'an: Miraculous Book of Guidance:    • Qur'an: The Miraculous Book of Guidan...   Find more Islam On Demand lectures here: iTunes/Apple Music: www.islamondemand.com/itunes DVDs and MP3s: www.islamondemand.com/ Please share our YouTube channel and support our various websites: www.IslamOnDemand.com/ www.30FactsAboutIslam.com/ www.AydenZayn.com/ www.Islamogram.com/ Subscribe/Follow: Newsletter: www.islamondemand.com/subscribe YouTube: youtube.com/islamondemand Facebook: www.facebook.com/islamondemand Twitter: www.twitter.com/islamondemand TikTok: www.tiktok.com/@islam.on.demand Instagram: www.instagram.com/islamondemand And please don't forget to like, share and subscribe! TERMS OF USE: If you use any part of this video or audio in your own production, you must do AT LEAST TWO of the following (and they MUST REMAIN as long as our content appears on your channel): 1) Add an end screen that either links to our channel or links to our video that contains the content you used. For instructions on how to do this watch this video:    • How To Add End Screen To YouTube Videos   2) Add a card that links to our channel. The card's teaser text should say “Check out Islam On Demand”. For instructions on how to do this watch this video:    • How to Add a Card to a YouTube Video   3) Add our channel to your list of recommended channels. 4) Add the following text in the VERY TOP of your video's description: Check out the Islam On Demand YouTube channel: youtube.com/islamondemand 5) Add a legible and clearly visible text overlay that appears in the FIRST HALF of your video and remains on screen for at least 7 seconds that says “Support Islam On Demand at www.IslamOnDemand.com" Do we really understand our responsibilities regarding wealth? If we are sincerely striving to please Allah, then we must be concerned with our financial dealings. But in societies and systems where interest is the rule of the day, how are we able to participate without compromising our cherished Islamic principles? Jamal Badawi examines this issue by providing possible solutions for three common economic challenges: selling things that are forbidden, the question of riba (is it the same as interest?) and the question of insurance. He then briefly touches upon the following areas of concern: indirect riba, saving plans and pensions, student loans, working at a bank or insurance company, and interest accrued on bank accounts. Other topics discussed: leasing cars, paying more for Islamic financing, deferred payments, leasing equipment, how to explain why interest is haram, and if Islamic economics are just theory. (Duration: 1 hour, 15 min) Jamal Badawi is professor of management and religious studies at St. Mary's University in Nova Scotia. He is a well-known author and speaker on Islam who appears often on TV and radio. He serves on the board of CAIR-Canada and is also a member of the Fiqh Council of North America and the European Council for Fatwa and Research.

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