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you r 100% right , but where is the loving muslims who love to help each other ,people have lost trust among their brothers And if all those rich people muslims or non m uslim ,help the poor by paying charity or zakah every year ,there will b no poverty in the world.

ya we do indirectly its called zakat we give 2.5% of our wealth annually as charity its required. That money goes to those in need, and if a poor family needs a car that money would finance a car for them.

He brings up the buying a care example at 3 minutes into the video. The solution is to give the buyer a chart that says what milage and age the car is and how much the dealer will buy the car back (as part of the original contract of buying at a higher price). So, the seller takes part of the risk by being required to buy the car back whenever the seller wants to sell it.

Evil: earning interest on debt you loan to other people Not Evil: paying interest to evil people

and its given specificaly to :1. The needy (Muslims or non-Muslim)- Fuqara' 2. Extremely poor (Muslims or non-Muslims) - Al-Masakin 3. Those employed to collect - Aamileen 4. Those whose hearts are to be won - Muallafatbul Qulboob 5. To free the captives - Ar-Riqaab 6. Those in debt (Muslims or non-Muslims) - Al Ghaarimeen 7. In the way of Allah - Fi sabil Allah 8. Wayfarer (Muslims or non-Muslims)- Ibonus-Sabael

Actualy there are rich people doing so ! beside there what it's called Zakat,wich each muslim gives an anually amount of (agriculture produce : 5% produce in case of irrigated land; 10% of produce from rain fed land) and/or (2.5% of cash,gold,silver,trading goods,Produce of mines,Cows & buffaloes..ect)

if you muslims all love each other so much why dont the rich ones just buy others a house and car for no return . thats true faith

agree!!!!

Exactly, I'm suprised that children in west are taught Sex education but they are never told how money is created and anything about finance. If people were taught money creation and fractional reserve banking more openly, I'm sure 90% of people would have turned against the current capitalist practices. These practices are kept hidden from public!

Capitalists should never be allowed to monopolize business and finance. The current Islamic banking system is a step towards total Islamic solutions to economy and finance. Now that many muslims and non-muslims are warming up to the idea of Islamic finance...we can offer a more hardcore alternative to those who wants it...believe me, a lot of people do want a TOTAL Islamic finance - free of riba' and ambiguities...see how successful the Gold Dinar is...niche market worth expanding.

Good idea...now, how do we translate this idea into a reality? First thing first...education. Muslims or at least a sizeable numbers of muslim students must be trained in Islamic Finance/Economics from primary school. There must be tertiary institutions or academies to produce muslims who are well versed in the relevant subjects. The most promising students from all over Islamic world should be in the academy...they should replicate the academy in their own countries or cities.

The reason people cannot think of another system other than the present capitalist system is that all economics and business students are taught assuming they will work in a capitalist environment. That is why you see that even Islamic bankers try to do exactly the same business as conventional bankers, but justify it by signing fatwas from paid scholars. If you read their documents, you can see how flagrantly they are unislamic.

Yes I do have an alternative. First thing to do is to get rid of fiat money and make a currency based on gold, silver etc... e-dinar is a good initiative. Banks should only be there for keeping people's money and transferring and withdrawing etc... and they should charge fees for it. Now about lending, that should be non-profit and preferably be done by a Government institution. In this way public money is given back to people for starting a business etc... but without interest! u liked the idea

u r very right corleno1820! unless we have an Islamic currency which is based on gold, silver or any other precious metal, it is impossible to do Islamic banking. e-dinar is a good initiative in this regard. Besides that, Islamic banks are notorious for doing the same thing as conventional banks, but calling it interest free by mere use of words. They indeed are compatible with capitalism, which is inherently evil. Elimination of fiat money should be the first step of building an islamic economy

You may be right...and maybe wrong...but most importantly do have a better system? What is your opinion of muslims opting to stick with conventional system and enriching non-muslims including our sworn-enemies...the freemasons and Zionists?

I don't thing Islamic banking is right. What Islamic bank, does is to buy a house or a car only when it is sure it has to sell it to you. According to an Ahadith, you cannot sell a product unless you own it and you have to take your products at a place to sell it. But since, islamic bank only purchase to sell it to you, the ownership is phony! Its just like first people in a small village went to a rich man for loan (conventional bank), and now they ask him to buy something for them!

Bankers are filthy rich, thanks to the capitalist system. Do you have any alternative to banking?

At least the merchant earned his money through some effort in the first place, but the banks don't lend us their own money, infact they take from others and then lend to others. so they r sitting in between and reaping benefits without doing any effort. Without bankers, people would be much prosperous. Not only bankers earn undeserving money, but they are also filthy rich, while people working their butts off are not that well to do!

I understand your frustration with Banks in general. You claim that bank is not doing any productive works...let us see, if a merchant give you money to set-up a business and become a sleeping partner, does the merchant entitled to a portion of the profit? If yes, then does the merchant did any productive works?

islamic banking is the same as conventional banking. you can grab your right ear with your right hand, or u could do it with the left hand, but u r doing the same thing! banking in itself is unislamic and there is no way to make it halaal. the effect of islamic banks is exactly the same as that of conventional banks where the bankers are profiting without doing any productive work. Infact they take away money of those who work hard for their living. Thats y i hate banking and those bankers!

paper money itself is haram..actually..because the value can drop or increase..

I have another question Selling for example an ebook (PDF) Is this also a form of Riba? Because its like a cashcow if you know what I mean. (digital products) You can make it ones and can milk it for a long time.

Rent is the same as interest??? I don't think so. Nobody pays interest when they occupy an apartment...we pay rent. Just like nobody pay rent on amount owed...we pay interests. Money is not properties my friend...especially FIAT money...Gold Dinar may considered as a property because it is worth its face value.

Muslims have visible fathers only...Perhaps, you sir have an invisible father as explained by your momma.