Yahzeelv:




What of when the farmer loses all the investment due to a natural disaster, who will now inherit the loss(the capital invested)?
The farmer or he that gave the farmer money?

When you do business in Islam, both parties share the profits and losses. Unlike interest where if there is a loss, you still have to pay the borrowed sum plus interest.

Call him a liar with facts, not with mouth. There's also jaiz bank in d options of withdrawal. Na my sporty bet account be dat too.

Tadeknkeepcalm:

You're a liar.

Yahzeelv:




What of when the farmer loses all the investment due to a natural disaster, who will now inherit the loss(the capital invested)?
The farmer or he that gave the farmer money?

That is why both party should agree on profit and loss sharing. If the ratio is 50 50 then the farmer will calculate the amount of the losses then share this based on agreed ratio. You may be lucky to have some change left that may cover parts of your capital.

Leave dat guy make him dey cap nonsense. I Don show am my sporty bet with jaiz bank inside. Maybe he will debunk dat one too.

Nadaken:
na my 1*bet account be dis

Islamic bank TAJ authorize payment and withdrawal to gambling site

Amoto94:
The Evils Of Interest Based Loans & Mortgages
Question:

Is it allowed for me to take out a loan (Mortgage) from a bank that deals with interest to buy a house? Benefit us may Allaah reward you with good.
Answer:

Even if you were in dire need of eating a piece of bread to save yourself from death still don't borrow anything from the bank whatsoever, let alone buying a house or a car. When one is in a adverse situation forced by circumstance (severe hunger) Allaah has made lawful for you al-Maitah (dead animals), and the flesh of swine, and that which has been killed by a violent blow or by a headlong fall; yet ar-Ribaa (interest) has not been allowed for you, interest is very dangerous, very dangerous. So don't deal with interest and be patient; since Allaah the Perfect and the Most High mentions:

And whosoever fears Allaah and keeps his duty to Him, He will make a way for him to get out (from every difficulty). And He will provide him from (sources) he never could imagine. And whosoever puts his trust in Allaah, then He will suffice him. (Surah At-Talaq 65:2-3)

So dealing with interest is a grave sin, a dangerous matter and the one who makes it allowable has disbelieved. Therefore if you are in need of a house then be patient until Allaah provides it for you, seek refuge in Allaah and utilise the necessary means until Allaah paves the way for you to obtain a house. Either that or you die being free from waging war against Allaah. Since the Muraabi (the one who deals with interest) is warring with Allaah - and Allaahs refuge is sought - as Allaah the Perfect and the Most High mentions:

And if you do not do it, then take a notice of war from Allaah and His Messenger but if you repent, you shall have your capital sums. Deal not unjustly (by asking more than your capital sums), and you shall not be dealt with unjustly (by receiving less than your capital sums). (Surah al-Baqarah 2:279)

He (Allaah) declares war upon the people of ar-Ribaa (interest) and "the Messenger of Allaah (sallAllaahu alayhi wa sallam) cursed the usurper of interest, the one who pays it, the one who records it and the two witnesses to it."

[Reported by Muslim in his Sahih (11/36 no.1598 - Nawawi) from the Hadith of Jaabir radiallaahu 'anhu]

What do you want after the curse?! Will the house benefit you when you are in front of the Hellfire?! So the believer should fear Allaah and should have patience upon his destitution and his need; for indeed Allaah the Perfect and the Most High mentions:

And certainly, We shall test you with something of fear, hunger, loss of wealth, lives and fruits, but give glad tidings to the patient ones. (Surah al-Baqarah 2:155)

Be patient and Allaah will give you this mighty reward instead of exposing yourself to His curse, His anger, His wrath and His punishment. Bear this severity in the world for it is nothing in comparison to the anger of Allaah and His punishment.

We ask Allaah that He protects us by His grace and favour from everything that incurs His anger and wrath. Indeed our Lord is All-Hearing of our supplications. And may the blessings of Allaah and peace be upon our prophet Muhammad, his family and upon his companions.

Shaykh Rabee` bin Haadee
Ad-durar an-Nadheed min Muhaadharaatil-'Aqeedah wat- Tawheed : Tafseer Kalimati-Tawheed, Questions & Answers, page 118-119.
Translated by Abu 'Abdillaah al-Kashmiree

Salam ww,In a situation where Someone had done this mistake before what do you suggest the person do?? Thanks

Amoto94
There is a confusion here... How can someone who collect ribaa sin and then the person he collected it from also sin. It doesnt sound just and Allah is a God of just. The Quran stated that giving out loan and adding interest is a grave sin... But no where does it say the person collecting it also sin. Pls stop confusing our Deen more than it already is

Alamkir:
Amoto94
There is a confusion here... How can someone who collect ribaa sin and then the person he collected it from also sin. It doesnt sound just and Allah is a God of just. The Quran stated that giving out loan and adding interest is a grave sin... But no where does it say the person collecting it also sin. Pls stop confusing our Deen more than it already is

You are the one who is confuse here simple statement still you don't understand.

6sco:


When you do business in Islam, both parties share the profits and losses. Unlike interest where if there is a loss, you still have to pay the borrowed sum plus interest.

If the they share the profit and loses of the business.. It mean they are partners. So that is not the case with interest business. Thanks

Alamkir:
Amoto94
There is a confusion here... How can someone who collect ribaa sin and then the person he collected it from also sin. It doesnt sound just and Allah is a God of just. The Quran stated that giving out loan and adding interest is a grave sin... But no where does it say the person collecting it also sin. Pls stop confusing our Deen more than it already is

Lol. U don't understand, do u?. It's because the one collecting it is being taken advantage of cos of his/her dire need for the money.
Do u punish the person being taken advantage of?

Almunjid:

Lol. U don't understand, do u?. It's because the one collecting it is being taken advantage of cos of his/her dire need for the money.
Do u punish the person being taken advantage of?

Nop. But he said......

Even if you were in dire need of eating a piece of bread to save yourself from death still don't borrow anything from the bank whatsoever, let alone buying a house or a car.

kwamerayban:

Salam ww,In a situation where Someone had done this mistake before what do you suggest the person do?? Thanks

"What to do with Riba (interest) Money of a New Muslim
Question:

I am a recent Muslim and I still get various answers to what i should do with riba money left in my account as in what to do with it? Some told me give it to charities, some to poor people and some to give back to bank! They all seem good but I need to know the real answer, as in the true one?
Answer:

All praise is due to Allah and may Allah shower peace and blessings upon His Messenger, as for what follows.
The answer to the questioner's inquiry, in which he mentions that he embraced Islam and has some wealth derived from usurious (interest-laiden) financial transactions during his time as a Non-Muslim, so what does he do with it? We respond saying:

Whatever usurious monies or transactions were a part of his wealth during his period of Kufr (disbelief), he is not at fault for them.

Also, any transactions set into motion during his period of Kufr and then continued after accepting Islam, and these contracts continue between him and others (like usurious loans and sales), then it is not allowed for him to benefit from them and he has no claim to those benefits and must only take what Islam has allowed for him to take, which is the initial capital.

This is due to Allah's statement, "... and if you make Taubah (repentance). you shall have your capital sums. Deal not unjustly (by asking more than your capital sums), and you shall not be dealt with unjustly (by receiving less than your capital sums)..." [al-Baqarah 2:279]

Also, the Hadith during the Prophet's - sallAllaahu `alayhi wa sallam - fairwell Hajj (pilgrimage), "Verily, all usurious dues accruing from Jahiliyyah (pre-Islamic era) stand wiped out. And the first amount of interest that I remit is that which Abbas bin Abdul Mutallib had to receive. Verily, it is being remitted entirely. You shall have your capital sums. Deal not unjustly, and you shall not be dealt with unjustly."

And all praise is due to Allah, Lord of the world

After answering the question, the Shaikh added:

The Prophet -sallAllaahu `alayhi wa sallam - never ordered those who embrace Islam -from the Sahabah- to get rid of the usurious monies from their (existing) wealth.

Shaykh Muhammad bin Haadee al-Madkhalee"
This should suffice you I think.

Alamkir:


Nop. But he said......

Even if you were in dire need of eating a piece of bread to save yourself from death still don't borrow anything from the bank whatsoever, let alone buying a house or a car.

He's emphasizing on the fact that bank is the worst place to take a loan or borrow money from.
Some people took loans from bank using their houses as collateral for their medical bills but couldn't make it and the bank sold their family houses and rendered their entire families homeless.
Make bank loan with interest a no-go-area for u and have peace. Try borrow from other sources. But others too will try to take advantage of u because of ur dire need for the money that's why the one collecting the loan is not at fault. Na condition cause am.
People like to exploit others at any given opportunity.

Yahzeelv:




What of when the farmer loses all the investment due to a natural disaster, who will now inherit the loss(the capital invested)?
The farmer or he that gave the farmer money?

Both parties would share the loss in the agreed manner they are sharing the profit.