Student Loans With Interest Halal?

[Xashi]

DR-YALAXOOW they deduce it from the hadith of Dajjal. Scholars are able to deduce many things from a single ayat or hadith.

Anyways to each his own

[Shirib]

Riba is haraam, and after studying it I understand fully why it is. But in this day in age, I don't know how to go around riba.

Majority of scholars themselves have completely different views on what things can be accpetable and what cannot.

Paper money itself is riba

[DR-YALAXOOW]

DR-YALAXOOW they deduce it from the hadith of Dajjal. Scholars are able to deduce many things from a single ayat or hadith.

Anyways to each his own

again we are not talking about dajaaal, this fenomana whichs SUN never setts down polar circle north and south part of the year has nothing to do whit DAJAAAAL, it exsited before ISLAM or an religion, it existed when planets and sun was formed.

so no one. scholar have explanation that you can pray salatul cishaaa while the sun is up, they even dont kown such think existed before islamic refugees come in the polar circle ereas of the world like me KIRUNA

so there are think which no scholar can answer, then you have to fellow you heart, 1400 YEARS AGO humans were sold and bough in the market, there were no BANK system like today, RIPPA was individuals lending eachother money and claiming dubble the money the leded otherwide they take you wife as SLAVE. todays world there is no such market that you can go and BUY a humanbiegn like 1400 years ago ARABIA or rest of the world was.

we are living different world, so you have to follow the logic which i made you like praying while the sun is up. if i ask a sheikh in somalia and i say there is city which the sun never setss down couple days of the year, the sheikh will probably thinks iam crazy.

[Shirib]

the world we are living today is not the world which existed 1400 years ago or even 200 years ago, interest rate from intuitions like Banks or government institutions and The old ripa System which Islam was talking about 1400 years ago and todays intresst rate bank system is tottaly two different think

1400 ago rippa was defined as forxmple between individuals who lend each other money for fixed price, for example i lend you 100 dollar and before i lend you that you most agree that you will pay me back 200 dollars which means 100% intresst rate. that's the RIPPA which Islam forbids.

but today's BANKS system and other institutions who lend people money , this intuitions will not charge you 100% interest rate, they only charge to very low procent of the money you borrowed, like 2% or 5%,
we have to known too the paper money whichs have what we call inflation which means 100 dollars i lend you today it will not have same value next years because of inflation, and the bank have expenses like paying the rent, bank employees and so on, therefore you get student loans from bank and you pay 3% intresst rate which means every 100 dollar you lend ed you will pay 103 dollars, that 3 dollars will cover the cost of the bank such as inflation and other cost. because of all this, i would say is 1000% xalaaal to get loan from bank or government institutions and pay every mounth little amount of intresst rate. and islam forbids between individuals who lend each other money for fixed price thats rippa becouse 1400 years ago ig you lend you 100 dirham and you can not pay me back 200 dirhamthen i can take your children as AW MAA MALAKAT AY MAANAKUM which means slaves and sell them in the market in order to get back that not only 100 dirham i lend you but also other 100 . thats why it was forbiden but thanks to allah we dont have people been sold in the market today.

That fixed price of lend me 100, and I'll pay you back 200 is a lot better than the interest today that is compounded.

Banks take people's properties all the time. For example, hey lend you money to buy a house in a 30 year loan, and you pay them back every month for 25 years, and if you are not able to pay them back anymore, they keep everything that you have paid them for the past 25 years which is already more than the amount they lent you and then they take the house back.

[udun]

the world we are living today is not the world which existed 1400 years ago or even 200 years ago, interest rate from intuitions like Banks or government institutions and The old ripa System which Islam was talking about 1400 years ago and todays intresst rate bank system is tottaly two different think

1400 ago rippa was defined as forxmple between individuals who lend each other money for fixed price, for example i lend you 100 dollar and before i lend you that you most agree that you will pay me back 200 dollars which means 100% intresst rate. that's the RIPPA which Islam forbids.

but today's BANKS system and other institutions who lend people money , this intuitions will not charge you 100% interest rate, they only charge to very low procent of the money you borrowed, like 2% or 5%,
we have to known too the paper money whichs have what we call inflation which means 100 dollars i lend you today it will not have same value next years because of inflation, and the bank have expenses like paying the rent, bank employees and so on, therefore you get student loans from bank and you pay 3% intresst rate which means every 100 dollar you lend ed you will pay 103 dollars, that 3 dollars will cover the cost of the bank such as inflation and other cost. because of all this, i would say is 1000% xalaaal to get loan from bank or government institutions and pay every mounth little amount of intresst rate. and islam forbids between individuals who lend each other money for fixed price thats rippa becouse 1400 years ago ig you lend you 100 dirham and you can not pay me back 200 dirhamthen i can take your children as AW MAA MALAKAT AY MAANAKUM which means slaves and sell them in the market in order to get back that not only 100 dirham i lend you but also other 100 . thats why it was forbiden but thanks to allah we dont have people been sold in the market today.

That fixed price of lend me 100, and I'll pay you back 200 is a lot better than the interest today that is compounded.

Banks take people's properties all the time. For example, hey lend you money to buy a house in a 30 year loan, and you pay them back every month for 25 years, and if you are not able to pay them back anymore, they keep everything that you have paid them for the past 25 years which is already more than the amount they lent you and then they take the house back.

Fully agreed with Shirib on that one. It is a hellish system that is noting else but a ripp-off. However, if you look at it on another angle, many Muslims in the west will ask you what is your alternative banking system? I am for taking student loan but don't pay it back and don't take mortgage with interest at all. Actually, due to the economic harship and layoffs, many gaalos are loosing their homes while Somali maryooleys are buying those homes with cash. A house that is next to mine was bought by a Somali woman with $80,000 cash. The American couple who foreclosed the home could not meet the payment. I have also seen many other Somali Maryoolays buying homes with cash $40,000, $50,000 - 80,000 cash. So, what is obvious is by staying away from interest and rippa, Allah will give you another way that you can reduce your suffering.

[DR-YALAXOOW]

That fixed price of lend me 100, and I'll pay you back 200 is a lot better than the interest today that is compounded.

Banks take people's properties all the time. For example, hey lend you money to buy a house in a 30 year loan, and you pay them back every month for 25 years, and if you are not able to pay them back anymore, they keep everything that you have paid them for the past 25 years which is already more than the amount they lent you and then they take the house back.

how it can be better, firs-able the BANK are institutions, they have EMPLOYEES, BUILDINGS which means they have expenses, if bank will lend you money 100 dollars and you pay back only 100 dollars, how on the earth that bank will finance hes employees, shaqaalaha,


how it can be better, firs-able the BANKs are institutions, they have EMPLOYEES, BUILDINGS which means they have expenses, if bank will lend you money 100 dollars and you pay back only 100 dollars, how on the earth that bank will finance hes employees, shaqaalaha, BANKS wont exist whit out provit.

foreaxmple you get HOUSE LOAN, the house is about 100 000 dollars, you don't have 100 thousand dollars, therefore you go bank and take lets say about half 50 000 dollars, those 50000 you BUY HOUSE, its like business, waad ku manaafacaadey, you and your children have home to live , therefore every month you have give the BANK 3% or 5% interest rate for the 50k you borrowed from the bank, that 3% interest rate will cover the banks expensies like MUSHAHARKA SHAQAALAHA, bixinta kirada guryaha and may be 1% prov it. i don't see nothing is wrong whit that.

ISLAM forbids if dr yalaxoow give loan to shrip 100 shilin and before i give you i say to you will pay me back 200 shiling, its forbidden becouse DR YALAXOOW does not have expenses, and do not pay mushahar shaqaale, and 100% interest rate is wrong even secular modern economics system which we living today.

[Somalian_Boqor]

Avoiding Riba is essentially saving oneself from being ripped off, and living a life in financial slaver.

Allah is our protector, and as long as we obey his laws we shall always be protected.

[DR-YALAXOOW]

Avoiding Riba is essentially saving oneself from being ripped off, and living a life financial slaver.

Allah is our protector, and as long as we obey his laws we shall always be protected.

modern economics is based on interest rate,, foraxample to keep inflation in place, central bank have to have intresst rate system to keep economy of the country keep going. we have today papper money which did not existed 1400 years ago.

papper moneys needs interest rate to keep value of the money, its 20 cuntery, we are not anymore camel raiding 1400 years ago,, that world is gone long time, islam is about modernaty, and giving muslims the best economy in the world.

[Somalian_Boqor]

Avoiding Riba is essentially saving oneself from being ripped off, and living a life in financial slaver.

Allah is our protector, and as long as we obey his laws we shall always be protected.

modern economics is based on interest rate,, foraxample to keep inflation in place, central bank have to have intresst rate system to keep economy of the country keep going. we have today papper money which did not existed 1400 years ago.

papper moneys needs interest rate to keep value of the money, its 20 cuntery, we are not anymore camel raiding 1400 years ago,, that world is gone long time, islam is about modernaty, and giving muslims the best economy in the world.

Paper money didn't even fully exist 100 years ago, why go back 1400 years?

[Shirib]

Yalaxoow,

I am not really versed in riba so I am not going to spread my ignorant opinions, I do however know that it is a complex topic and there is different opinions between scholars. Especially since riba is around us everywhere now, it hard to say what is permissible and what is not.

The prophet saw said there will be a time when everyone will be consumed in riba, I believe we are in those times

There will come a time when you will not be able to find a single person in the world who will not be consuming riba. And if anyone claims that he is not consuming riba then surely the dust of riba will reach him.”

Abu-Dawood Hadith 3325
Narrated by Ibn Isa

[grandpakhalif]

Riba is very serious wallahi, I rather be homeless than safe in riba it is like going to WAR with Allah (SWT)!!!! And FORNICATING WITH YOUR MOTHER!!!!! (SUBXANALLAH) THIS IS HOW SERIOUS RIBA IS

Prophet Muhammad (saw) also said:

“The sin of taking riba has 70 parts and the smallest part of the same is equivalent to marrying one’s mother.”

[DR-YALAXOOW]

Paper money didn't even fully exist 100 years ago, why go back 1400 years?

MODERN PAPPER money begun in unites states about 1690s, waa 320 year ago and it look liked like this

[Cali_Gaab]

Avoiding Riba is essentially saving oneself from being ripped off, and living a life in financial slaver.

Allah is our protector, and as long as we obey his laws we shall always be protected.

Sorry.

[Somalian_Boqor]

Avoiding Riba is essentially saving oneself from being ripped off, and living a life in financial slaver.

Allah is our protector, and as long as we obey his laws we shall always be protected.

Sorry.

What so funny iidoor?

[Somalian_Boqor]

Paper money didn't even fully exist 100 years ago, why go back 1400 years?

MODERN PAPPER money begun in unites states about 1690s, waa 320 year ago and it look liked like this

Those papers were back up by gold iyo sliver, and anyone could enter a bank and exchange their paper money with gold and sliver. It's pure paper today that has no banking what so ever.