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Video: Understaning of Riba (Usury) - An Islamic Perspective

A look at Riba or Usury in the Islamic Context. It was narrated that Abu Hurairah said: "The Messenger of Allah said: 'Gold for gold, weight for weight, like for like; and silver for silver, weight for weight, like for like. Whoever gives more or takes more has engaged in Riba."'

Q&A: Borrowing from Someone who does not take Halal and Haram as his Criteria

Question: Assalamu Alaikum our Sheikh One of my colleagues has a brother who works abroad, but he is not concerned with the Halal and Haram in his work, and my colleague now is in need of money to complete (building) his house, because he can no longer pay the rent; and he is asking can he borrow (money) from his brother. Note that his brother is insisting on lending him (the money)? From Najmeddine Khcharem Answer: Wa Alaikum As-Salaam Wa Rahmatullah Wa Barakatuhu In transactions people exchange three things: 1- A thing that is forbidden specifically for itself like alcohol…these things are forbidden to be given as gifts, nor to be borrowed, or sold, or bought…etc. Transaction is forbidden for the person who gives the alcohol, and is forbidden for the person it is gifted to, or the one who sells it, or buys it, or the one who borrows it…etc. The Messenger ﷺ said:« حُرِّمَتِ الْخَمْرُ بِعَيْنِهَا »  “Alcohol is forbidden for itself” (Narrated by Nisa’i). 2- Somethin

Video: Business Contracts in Islam

A detailed look at the formation and responsibilities of general Business Contracts in Islam. Information every Muslim should know about contracts and agreements.