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islam thinks in justice you islam and also know says that it is.
Because here there is no economic, oppression with the customer.
you understand economic task there is no property involved below what is occurring.
the lending institution is making cash on cash right yeah.
he has actually provided the cash to the customer and also there is no any type of financial.
task that is taking place nothing yeah it” s just that he has obtained the cash. and also the moment is going by and also this man only the debtor is.
suffering yep just the customer is enduring. yeah there ‘ s no any type of real financial task entailed in this. it ‘ s simply cash changing the hand that” s all there is no any kind of property included. that ‘ s why it ‘ s an exploitative method and also just the consumer suffers so islam. considered it is oppression with the debtor.
and also interest is purely restricted in islam okay that” s the important point you. If, have to comprehend alright in whatever deal is there.
there is passion it is purely forbidden in islam clear.
fine that” s the very first principle of islamic money.
The second principle is see here spending in companies.
involved in restricted tasks now i informed you that islamic money.
completely rest upon the application on sharia the islamic regulation.
so whatever the islam claims it goes all right islam says this is not this is.
prohibited that” s not enabled this is prohibited. that ‘ s not permitted you can ‘ t do that right
to make sure that ‘ s what restricted. tasks now what are those banned tasks according to islam see below. dealing the companies which sells alcohol medications wagering. pork the various other restaurant which are included in pork or. you know pork and afterwards pornography all these industries and these sorts of. companies are entirely prohibited in islam. as well as also the music industry as well as many other points are there fine or anything. else that the sharia thinks about to be illegal.
or unwanted in arabic it is called as.
haram okay it is called as haram fine so if your service is associated with.
these restricted activities then you can” t obtain financing from any kind of. islamic bank and all okay the islamic financial institutions the economic organization.
can not be involved with any type of organizations which deals in these banned.
Since of the sharia since of the, tasks yeah.
islamic finance the principles of islamic finance right.
after that we have the third concept here speculation.
now supposition is totally forbidden in islam alright supposition suggests what.
you” re hypothesizing that something will certainly occur in future yeah.
something is most likely to occur and also as a result of that you are doing.
you know business currently itself yeah beforehand itself so.
sharia purely prohibits that islamic law purely forbids any kind of form of.
Because it says, supposition or betting why does it restrict.
any kind of contracts where the ownership of items.
depends on an unsure event in future yes.
that” s what conjecture is ideal you ‘ re hypothesizing that something will occur.
yeah ahead of time itself as well as you” re doing.
company currently currently ideal so the ownership of that point will.
rely on future and future is really unsure only the.
god knows the future yeah so due to this you understand mostly.
if you see these 2 kinds of contracts futures.
agreement and also the alternative agreements yeah you can” t sell these 2 markets
. according to islam so in islamic financing these markets are.
totally forbidden restricted fine futures as well as option markets clear.
supposition is prohibited and after that the 4th concept is what.
Uncertainty and threat now this principle in arabic is.
called as ” Gharar ‘ g-h-a-r-a-r okay so see below.
uncertainty as well as risk it is constantly similar to that just supposition just.
It” s a bit various see right here the regulations of islamic money. ban engagement in contracts where the terms.
and subject matter doubts and it has.
too much danger indeed see below in islam you know.
as i stated there is a concept of justice yeah in the beginning itself you.
need to be very clear what you are going to do what type of.
organization you are going to do yeah it can not be distinct and uncertain yeah you can” t have that yeah if there is a contract any kind of organization. agreement any financial agreement then what you need to do what.
obligations you have to do it should be completely listed and.
clear right so the subject and also the term.
ought to be extremely clear it should not doubt as well as it must not have as well.
much risk extreme threat yeah currently generally this can be seen in.
the acquired contracts as well as additionally in other words marketing yeah so those.
kinds of agreements and these sort of you understand tasks are totally.
Due to the fact that this consists of a restriction on marketing something, forbidden fine.
right here now there are 2 individuals An as well as B now in islam no you know lending is allowed.
all right the a can provide the cash to the b 5.
thousand bucks yeah A has offer five thousand bucks to the B.
and also after that what will certainly take place interest is not enabled so after some time period.
b will certainly pay off the 5 thousand bucks back.
that is enabled however here we are not discussing straightforward financing.
easy A is providing loan to B or Financial institution is providing car loan to.
B something like that no here we are speaking about riches creation yeah.
money exactly how wealth can be created exactly how revenue and.
loss can happen that” s what we are speaking around. if you are just speaking about funding An offering cash to B and afterwards B offering it.
back that” s what that ‘ s an easy lending yeah. there is no riches creation over there here what we are speaking about is.
you recognize there is islamic bank yep there is islamic financial institution.
right there is an islamic bank and also you are approaching to the bank and also you are.
saying uh see i intend to work as well as i demand.
five thousand dollars right so now the financial institution will certainly lend you cash you.
will obtain the money but then what will certainly occur.
you will remain in partnership with the financial institution because bank is the loan provider.
you are the customer as well as you have opened a business with that said cash currently what will.
take place the loss and the earnings yeah the.
advantages as well the threat will be shared amongst the bank and also you.
yeah that” s what the risk sharing in islamic money is the. lending institution and the customer will be dealt with as companions this is the.
major concept there will be threat sharing.
happens with your company that” s like passion only yeah it ‘ s similar to. interest to make sure that ‘ s why it ‘ s totally banned you can ‘ t have. guarantee on rate of returns okay you can” t state uh fine Financial institution you are offering me.
five thousand bucks i” m opening up the service and i will pay you 10 percent.
annually you can” t state that okay that can’that. can ‘ t happen in islamic financial system all right the danger and also every little thing the.
advantages along with the legislations will certainly be shared amongst the parties.
equally easy as that yeah really easy then what.
we have is wide range has to be generated from legitimate.
profession as well as possession based financial investment see here it” s. extremely simple to recognize now i don” t have any kind of you know item of.
Because see paying or charging interest right here, paper for that.
what i what did i state below i said that you can” t use money to. generate income right’you can ‘ t provide cash to a person and after that
. claim pay me the principal cash back as well as also the rate of interest yeah.
you can” t do that in in islamic money right. You can ‘ t do that there should be a genuine economic activity.
yeah genuine legit profession should be there something you have to market.
something should be involved yeah asset based investment you can” t. have just cash on money you can” t do that. yeah and also risk additionally need to be shared so this is what wide range should be.
produced from genuine trade and property based financial investment.
just in those tasks the islamic banks can obtain entailed with.
yeah clear those six are the principles of islamic financing yeah.
paying or charging passion you can” t have. you know you can ‘ t pay or bill the passion from individuals as well as after that. some banned activities we saw such as gaming, drugs,.
alcohol, pork, pornography, music market these kind of tasks.
yeah if any type of business is associated with then you can” t obtain. money from the islamic banks it ‘ s not enabled and afterwards conjecture is ‘ maisir ‘. speculation is prohibited yeah futures contracts and also choice agreements.
are restricted and after that uncertainty as well as run the risk of such as derivative agreements as well as.
Due to the fact that it has too much unpredictability the, short selling are forbidden.
terms are not remove the subject is unclear.
and way too much threat exists so this is likewise it equates to.
wagering right so it” s completely restricted and afterwards.
threat should be shared the debtor and the loan provider are like partners.
yeah as well as wide range should be generated from reputable trade as well as possession based.
investment right so these were the principles of islamic money.
currently in the coming video we are visiting various kinds of.
you recognize islamic financial resources fine various sources of islamic finance.
that” s additionally very intriguing to understand yeah okay then see in the.
following video okay you have got the suggestion currently what islamic financing is.
isn” t it exactly how is it various from conventional finance in traditional.
financing what every little thing is allowed below everything is allowed right.
yeah it” s entirely opposite yeah you can pay the passion you can charge the.
rate of interest supposition is allowed unpredictability and also risk it.
doesn” t issue you can do anything you such as so.
Since here entirely it is based upon the sharia, this is islamic financing.
islamic law whatever the islam claims whatever the.
regulations of islam says that goes yep very easy ideal all right after that see you in the.
next video clip right bye.
