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Monday, February 7, 2011

Buying a car or house without Riba (Interest)

"Challenges for economic policy for Muslims in America" by Jamal Badawi Islam On Demand download lessons to your computer, TV, iPod, iPhone or MP3 player www.IslamOnDemand.com we really understand our responsibility for the prosperity? If we are sincere effort, please Allah, then we deal with our financial affairs. But in societies and systems in which the interests of domination is the day on which it can participate without our beloved Islamic principles? Jamal Badawiinvestigated this problem through three possible solutions to common economic challenges sell things that are prohibited, the question of RIBA (the same interests?) and the issue of insurance. He touched on the following areas: RIBA indirect savings plans and pensions, student loans, works at a bank or insurance and interest earned on bank accounts. Other topics: car leasing, pay more for Islamic finance, installment payments,equipment leasing, how to explain why interest is haram, and if Islamic economics are just theory. (Duration: 1 hour, 15 min), Jamal Badawi, professor of management and religious studies at St. Mary's University in Nova Scotia. He is a well known author and speaker on Islam, often in TV and radio. And 'member of the board of CAIR-Canada is also a member of the Fiqh Council of North America and the European Council for Fatwa and Research.



http://www.youtube.com/watch?v=k43nkzTdm9c&hl=en

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