Islamic Revival

يَا أَيُّهَا الَّذِينَ آمَنُوا اتَّقُوا اللَّهَ وَذَرُوا مَا بَقِيَ مِنَ الرِّبَا إِن كُنتُم مُّؤْمِنِينَ فَإِنْ لَمْ تَفْعَلُوا فَأْذَنُوا بِحَرْبٍ مِنَ اللَّهِ وَرَسُولِهِ O you who believe, beware of Allah: give up any outstanding dues from usury, if you are true believers If you do not, then be warned of war from Allah and His Messenger [Qur’ān 2: 278/279] In his  Tafsir , al-Suyuṭi summarises several important narratives regarding the interpretation of these verses. [1]   Of particular note is the narrative that is mentioned purportedly to be from Ibn ‘Abbās: واخرج ابن جرير وابن منذر وابن ابي حاتم عن ابن عباس في قوله: فاذنوا بحرب قال من كان مقيماً على الربا لا ينزع عنه فحق على امام المسلمين ان يستتيبه فان نزع والا ضرب عنقه As narrated by Ibn Jarir, Ibn Mundthir and Ibn Abi Ḥātim from Ibn ‘Abbās regarding His statement (in the verse): ‘ be warned of war ,’ he said: If someone insists on usury and does not desist, it is the lawful duty for the Imām of the Muslims to ask him...

The following is a translation of an Arabic article. Eradicating Riba (Usury) The Taliban can break free from the grip of the oligarchy of satanic globalization and make a change in its structure 1. Eradicating the interest completely, including but not limited to: a. Clearing all interest-based banks and turning them into Islamic banks. The most important part of this is the complete ban on issuing the Riba-based credit cards and replacing them with non-Riba cards: Debit Cards or Prepaid Credit Cards. b. Complete ban on using Credit Cards in all over the country, irrespective of the entity that has issued it, even if foreign. c. The State should fully desist and forbid public and private companies from issuing Riba-based bonds and replace them with Mudharaba instruments and other permissible financing contracts. 2. Declaration of Public Property a. Declare ores, minerals (including oil and gas), and water as public property, regardless of the ownership of the land in whi...

Question I s Crypto currency such as Bitcoin essentially prohibited because it is issued by unknown people? Some argue that it is not tangible, being not made from anything physical, except being backed by software.  Wealth cannot be created from nothing, being prohibited in Sharī’ah .  Although paper money in origin was based upon the gold standard, even though that link is not there now, it is accepted as being legal tender, being issued and controlled by central banks therefore having the backing of states, its overall legitimately accepted widely and not contended. Answer Having analysed the matter, there isn’t specific textual evidences cited that would make the buying and selling of this prohibited.  The reasoning underpinning the adoption of a prohibition based upon its perceived nature contains several analytical flaws which will be commented upon in turn.  In short, the general ruling of permissibility would apply in this instance. Reasoning...