Showing posts with label mudaraba. Show all posts
Showing posts with label mudaraba. Show all posts

Saturday, 7 August 2021

The Prohibition of Riba in Quran and Sunnah Conclusion




Being an explanation of the Islamic prohibition of riba (i.e. borrowing and lending on interest. among other things) and an effort:

to remind Muslims of the teachings of the Qur’an and the Sunnah as they pertain to the prohibition of riba and in particular that a violation of this prohibition constitutes a great sin;

to expose the grand design of hostile forces who have already made considerable progress, through riba in gaining control over mankind. Their aim is to gain total control and to use that power to destroy faith in Allah;

to assist Muslims to get out of direct involvement in riba and thus to preserve their faith (Imaan) while recognizing that it is today impossible to live a life which is completely free from riba.

to explain the economic Sunnah (i.e. the Sunnah as it pertains to economic affairs) and in particular the nature of the free and fair market and the different ways through which that market has today been tonally corrupted.

to warn Muslims of the inevitable collapse of the present fraudulent system of non-redeemable artificial money, i.e. paper plastic and electronic money; and to encourage them to return to the use of the real money created by Allah i.e. gold and silver coins or any other real money;

to contribute towards the restoration of the free and fair market (with a different business ethics to that of riba-based capitalism) by encouraging ba’i (business) in the place of riba and raising of capital by way of mudarabah and musharaqa) investments rather than bank loans on interest.

That time has now arrived! 


Islam declares that the oppressed have the right to resort to force in their struggle for liberation from all forms of oppression, including economic oppression! No law can take away that right from them.

This work has exposed the many forms of riba to be the most destructive forces at work corrupting and destroying the free and fair market. Riba should be recognized as the curse of business and trade, - and as systematically destroying the collective benefits which are derived from business and trade. The injustices involved in riba are both enormous and dangerous. It breaks up, for example, the unity and fraternity of the social order and creates class hatred, violence, chaos etc. or what the Qur’an describes as fitan.

The prevalence of riba in the world today further confirms that we now live in the age of fitan (evil) which the Prophet (s) prophesied to be the last age before qiyamah (the end of the world). How should a Muslim live in the age of fitan? A companion of the Prophet (s) named Hudhaifa asked the Prophet about the age of evil and how we should live in that age. This was his reply:

Among the Signs of the last day as described by Allah's Messenger to his companion, Hudhaifa, is the following: People will follow a Sunnah other than mine and give guidance other than mine, so you will find in them both something to acknowledge and something to reject. I asked whether there would be any evil after that good and he replied. Yes, there will be people who summon others at the gates of jahannam into which they will cast those who respond to them. I asked Allah's Messenger to describe them to us and he said: They will be of our stock and speak like us. I asked: what command he had to give me if that happened in my time and he replied: You must adhere to the jama'at.


The Prohibition of Riba (Interest) by Imran Hosein



The Prohibition of Riba (Interest) (Q&A) by Imran Hosein



Saturday, 26 June 2021

Riba & The strategy of public confrontation




PROPOSAL FOR THE ESTABLISHMENT OF AN ISLAMIC PUBLISHING COMPANY BASED ON MUSHARAKA OR MUDARABA

We propose for the consideration of Muslim entrepreneurs, wherever in the world this book may reach, the establishment of an Islamic Publishing Company which would publish strategic literature on Islam such as books on the prohibition of riba. The establishment, Islamic publishing companies, would be scared to publish Islamic books which reveal the true nature and mission of modem dominant godless European civilization and its war against Islam.

Books on Islam, to be published by this publishing company, would fulfill the following very specific needs:

1. Defending Islam and Muslims against attacks which are increasingly being launched by an essentially godless and largely Jewish-controlled media and publishing industry;

2. Defining Islam authentically and thus protecting Muslims from being misled by revisionist and modernist interpretations of Islam. An excellent book, which performs precisely such a function, is the two-volume work entitled: “The Qur’anic Foundations and Structure of Muslim Society” by Maulana Dr. Muhammad Fadlur Rahman Ansari (may Allah him mercy on him).

3. Articulating Islam to the modem secularly educated world in a manner which would demonstrate Islam's capacity to solve the most serious and dangerous problems facing all of humanity (and in particular families) today;

4. Introducing the Qur’an in a manner which would conclusively demonstrate to non-Muslims as well as to secularized Muslims that it is the Word of Allah the Most High, - indeed, that it cannot be other than the Word of Allah the Most High;

5. Using the city in which the publishing company is located as a base for guiding public opinion to facilitate the effort of protecting the faith of the believers and for restoring the jama'ah and Imam/Ameer who must he obeyed;

Such an Islamic Publishing Company would also perform the crucially important function of providing an avenue for local Islamic scholars to conduct research and to write books which, will be highly relevant to local challenges. No such avenue exists today. Such a publishing company can be established as a commercial venture and should yield a positive return on investment. Local laws should permit such a venture to be established. Eventually, of course, Muslims will no longer have this freedom. But while still the freedom lasts it should be used.

THE STRATEGY OF PUBLIC CONFRONTATION 

After a program of public education has been effected, a mobilization of the latent faith in the bosom of the oppressed masses should be the next goal of the revolutionary Islamic movement. The oppressed have to be roused to participate in a mass struggle for liberation from economic oppression. When that struggle is led by Muslims it will lead to the restoration of the sovereignty of Allah the Most High, over territory and that would be Dar al-Islam, and a rejection of the false claim to sovereignty of the modem secular State.

There is, I believe, much which we can learn from the strategy of mobilizing the oppressed displayed in the success of the call for a million-man march of the oppressed to Washington DC in October 1995. The oppressed responded to the call of Louis Farrakhan because he was perceived to be someone who had established credentials for making such a call. Farrakhan, like Imam Khomeini, stood outside the system and denounced it! He did not form part of the system. No one else in USA could have made the call for a million-man march of the oppressed and succeeded because no one, including the so-called leaders of the Muslims, have worked for or earned such credentials. Fidel Castro succeeded in his struggle against the oppressors in Cuba because the oppressed masses responded to his call. They did because he also did not form part of the system, and he opposed it from outside.

The Islamic movement cannot earn the revolutionary credentials necessary for successfully mobilizing the masses if it functions as part of the political system created and sustained by the oppressors. We have great respect for Maulana Abul 'Ala Maududi (may Allah have mercy on his soul) but we must direct attention to the disastrous mistake which he made when the revolutionary Islamic movement which he created, i.e., the Jamaai-e-lslami (of Pakistan), was registered as apolitical party and then operated within the political system of Pakistan in a futile attempt to bring about revolutionary change to Pakistan. The Jamaat-e-Islami and other such revolutionary Islamic movements as the Tanzeem-e-Islami (led by that outstanding Islamic scholar. Dr. Israr Ahmad), have to earn such credentials as would result in them being perceived by the oppressed masses as fortes which can liberate the oppressed from oppression. Those credentials cannot be earned without the following;

1) Scrupulous adherence in the command of Allah the Most High, in the Qur'an prohibiting relationship of dependency on, and subservience to, Christians and Jews. (Qur’an; al-Mai’da:-5:54). This implies that we, Muslims, must not submit to the dominant Judeo-Christian Western civilization and must carefully guard our independence from their dominance and influence. The monarchy and government in Saudi Arabia committed treason against Islam by talking the Arabian heart-land of Islam into a client State relationship with the Judeo-Christian West. One of the criteria by which we can recognize the true guides and scholars of Islam today is that they unequivocally denounce the treason of the Saudi regime, and of all other such regimes which today control the world of Islam on behalf of their western masters. Western civilization has all but declared war on Islam. Allah, the Most High, responds in the Qur’an by wanting:

Oh you who believe! Take not My enemies and yours as protecting friends, offering them your love, even though they have rejected the Truth which has come to you . . .
(Qur’an: al-Mumtahinah:-60:1)

2) Making the straggle for the liberation of the oppressed their first priority. This can never be achieved if they become part of the system of politics and economic oppression. Islam cannot be accommodated within a system of oppression.

3) Educating the oppressed so that they will understand the nature of the political, economic and religious oppression to which they are subjected. The most important element of this process of education would be education concerning riba.

4) Confronting, denouncing and challenging the oppressors, in particular those engaged in the economic oppression that is riba.

5) Waging an armed struggle for the liberation of the oppressed within the world of Islam (after exhausting all peaceful efforts to achieve that goal).

That armed struggle for the liberation of the oppressed who reside outside the world of Islam cannot be waged until the world of Islam has itself been liberated! And so the strategy for the Islamic movement outside the world of Islam is the same as that which was adopted in Makkah prior to the Hijrah, i.e., passive resistance with the greatest effort possible to ensure that faith in Allah the Most High, is not corrupted and destroyed.

If anyone entertains any doubts concerning the legitimacy of waging an armed struggle for liberation from the oppression of riba, he should recall the very last revelation of the Qur’an, sent down when the Prophet (s) was about to die, and sent down after Allah the Most High, had announced the perfection of religion and the completion of his favor to the believers, in which Allah the Most High, and His Messenger (s) declare war for that very purpose!

to be continued . . . . 

The Prohibition of Riba (Interest) by Imran Hosein



The Prohibition of Riba (Interest) (Q&A) by Imran Hosein