Nazias
04-01-08, 08:43 PM
Riba/Interest: It's History & Impact On The World By Mufti Barkatulla
Date: Saturday 5th January 2008
Time: 6pm
Venue: London Muslim Centre, 82-92 Whitechapel Road, London E1 1JE
Today, unfortunately many Muslims allow rational arguments to enter their minds and give preference to their logical reasoning and leave the injunctions of theQur'an and Sunnah aside. One of the issues where Muslims demonstrate this kind of attitude and forget and neglect the Qur'anic and prophetic text is the issue of Rib'ah otherwise known as interest. Although the problems with Riba may be deceptively difficult to understand and appreciate, the prohibition on Riba by Allah in the Quran is absolute. In fact so despised is Riba that the unparalleled curse of a 'Declaration of War' from Allah (sw) and his Messenger (saw) is directed towards those who refuse to give up dealing in Riba, and continue to follow their feeble rational arguments.
In this regards Allah says in Surah Baqarah Verses 275 to 278; "Those who take interest will not stand on the day of judgment except as he who has been driven mad by the touch of the Demon" (V:275)
And in another verse He states; 'Oh you believe give up what remains of Riba if you are believers. But if you do not, then listen to the declaration of war fromAllah and his messenger...(V:278)
*Mufti Barkatulla is a Senior Imam (cleric) in London and Lecturer on Islamic Finance ata Community College. He is a prominent Islamic Shariah law scholar with a strong background in economics and finance. Trained extensively both in traditional Islamic and modern Western educational traditions, Mufti has served UK Muslims as a community worker and Shariah Judge at Islamic Shariah Council, London. Previously Mufti had developed Islamic Shariah information databases on CD-Rom and recently hosted live phone-in shows on community TV channels.
Mufti Barkatulla is member of the Shariah supervisory boards for several Islamic financial institutions and Banks, including Islamic Bank of Britain and Lloyds TSB. As a respected Scholar, and maintainer of the Islamic Helpline, he has a wealth of experience in Islamic community and financial issues in Europe.
All welcome and free entrance!
For stalls, creche or more information please contact: Tel: 07930 38 08 87 / E-mail: Halaqah@ifeonline.org
Date: Saturday 5th January 2008
Time: 6pm
Venue: London Muslim Centre, 82-92 Whitechapel Road, London E1 1JE
Today, unfortunately many Muslims allow rational arguments to enter their minds and give preference to their logical reasoning and leave the injunctions of theQur'an and Sunnah aside. One of the issues where Muslims demonstrate this kind of attitude and forget and neglect the Qur'anic and prophetic text is the issue of Rib'ah otherwise known as interest. Although the problems with Riba may be deceptively difficult to understand and appreciate, the prohibition on Riba by Allah in the Quran is absolute. In fact so despised is Riba that the unparalleled curse of a 'Declaration of War' from Allah (sw) and his Messenger (saw) is directed towards those who refuse to give up dealing in Riba, and continue to follow their feeble rational arguments.
In this regards Allah says in Surah Baqarah Verses 275 to 278; "Those who take interest will not stand on the day of judgment except as he who has been driven mad by the touch of the Demon" (V:275)
And in another verse He states; 'Oh you believe give up what remains of Riba if you are believers. But if you do not, then listen to the declaration of war fromAllah and his messenger...(V:278)
*Mufti Barkatulla is a Senior Imam (cleric) in London and Lecturer on Islamic Finance ata Community College. He is a prominent Islamic Shariah law scholar with a strong background in economics and finance. Trained extensively both in traditional Islamic and modern Western educational traditions, Mufti has served UK Muslims as a community worker and Shariah Judge at Islamic Shariah Council, London. Previously Mufti had developed Islamic Shariah information databases on CD-Rom and recently hosted live phone-in shows on community TV channels.
Mufti Barkatulla is member of the Shariah supervisory boards for several Islamic financial institutions and Banks, including Islamic Bank of Britain and Lloyds TSB. As a respected Scholar, and maintainer of the Islamic Helpline, he has a wealth of experience in Islamic community and financial issues in Europe.
All welcome and free entrance!
For stalls, creche or more information please contact: Tel: 07930 38 08 87 / E-mail: Halaqah@ifeonline.org