Saturday, 13 February 2021

Jesus, Imam al-Mahdi and the end of riba




JESUS, IMAM AL-MAHDI AND THE END OF RIBA

This very important section of the subject, which informs of the prophecies of Prophet Muhammad (s) in which he prophesies the collapse of the capitalist riba-based world economy should not only bring sense of relief to the believers but also, strengthen their resolve to resist riba.

The Prophet (s) has first of all prophesied the collapse of artificial (paper, plastic and electrode) money in the following hadith:

Miqdam bin Ma’dikarib said that he heard Allah's Messenger say: A time is certainly coming to mankind when only the dinar (i.e. a gold coin) and the dirham (i.e. a silver coin) will be of use.
(Ahmad)

The event which is likely to bring about that meltdown of artificial money can be the sudden introduction of huge quantities of real money into the market. That influx of real money can take place if there occurs a discovery of a huge quantity of gold outside of the control of the dominant civilization. If that gold were to be minted and then used anti-systemically, i.e. used to destabilize the market, paper-money will collapse. The Prophet has prophesied precisely such an event in the following ahadith:

Abu Huraira reported Allah’s Messenger as saying: The Euphrates is soon to uncover a treasure of gold but those who are present must not take any of it.
(Bukhari. Muslim) (Please note that this hadith is mutafaqqun alaihi, i.e. it is the strongest possible hadith)

Abu Huraira also reported that Allah's Messenger said: The last hour will not come before the Euphrates uncovers a mountain of gold for which people will fight, ninety nine out of each hundred of whom will be killed; but every man among them will say that perhaps he will be the one who will escape.
(Muslim)

Abu Huraira also reported Allah’s Messenger as saying: The earth will vomit oblong pieces of its liver like columns of gold and silver. . .
(Muslim)

Now it is in the very nature of riba that it so corrupts an economy that it eventually leads to the impoverishment of the society. This is precisely what the Prophet said:

Ibn Mas'ud reported Allah’s Messenger as saying: Even though riba be much, it leads in the end to penury (i.e. lack of money, extreme poverty, destitution).
(Ibn Majah. Baihaqi, Ahmad)

And this is what has now happened to the masses around the world who live in the periphery of the riba-based economy. And so a change which will bring about an abundance of wealth in the hands of the masses would indicate the collapse of riba. This is what Prophet Muhammad (s) has prophesied:

Abu Said al-Khudri reported the Prophet as saying in the course of the story about the Mahdi, that a man will come to him and say: Give me, give me, Mahdi; and he will pour out into his garment as much as he is able to carry.
(Tirmidhi)

Abu Huraira reported Allah's Messenger as saying- The last hour will not come before wealth is abundant and overflowing, (and) before a man brings the zakat on his property and cannot find anyone to accept it from him. ..
(Muslim)

Jabir reported Allah’s Messenger as saying: In the last days there will be a khalifa who will distribute wealth without reckoning it. In another version of the hadith he said: Among the last of my people there will be a khalifa who will pour out wealth without counting it.
(Muslim)

Abu Huraira reported Allah's Messenger as saying: By Him in whose hand is my soul, the son of Mary will soon descend among you as a just judge. He will break the cross, kill swine and abolish jizyah (since Christianity i.e. breaking the cross and Judaism, i.e. killing the swine, will cease to exist as religions upon the return of Jesus), and wealth will pour forth to such an extent that no one will accept it; and one sajda (prostration) will be better than the world and what it contains.
(Bukhari, Muslim) (This hadith also, is muttafauqun alaihi and hence of the greatest possible authenticity)

Abu Huraira reported Allah’s Messenger as saying: I swear by Allah that the son of Mary will descend as a just judge and will break crosses, kill swine, abolish jizya and leave the young she-camels so that collectors of zakat will not he employed for them. Spite, mutual hatred and jealousy of one another will certainly depart, and when he summons people to accept wealth no one will do so (since there will be an abundance of wealth and none will be in a state of need).
(Muslim)

The advent of Imam al-Mahdi will be followed quickly by the descent of Jesus (s). This will happen since al-Masih al-Dajjal will attempt to destroy Mahdi and Allah, the Most High, will respond by sending Jesus (s) back to earth to kill Dajjal. Thus Mahdi will be saved when Jesus (s) appears and kills Dajjal. The death of Dajjal will be quickly followed the release of (the last wave of) ya'jooj and ma'jooj. They will then be killed by Allah, the Most High, Himself.

Now Ibn Abbas has spoken of a link between riba and Dajjal. Obviously he could not have done so had he not been so informed by the Prophet (s):

Ibn Abbas said: The first people to follow Dajjal will be seventy thousand Jews . . . and among the signs of the release (i.e. the coming out) of Dajjal are . . . the consumption of riba. .
(Ishaq Ibn Basheer and Ibn Asakir in Kanz al Ummal)

It would thus appear that the klling of Dajjal by Jesus (s) and the destruction of ya'jooj and ma’jooj by Allah the Most High, will cause the very backbone of that godless civilization which today dominates the world to be broken. The challenge of that dominant civilization by Imam al-Mahdi and Jesus (s) and the collapse of the evil empire of riba, will then witness the total collapse of the world order created by the West and the triumph of Islam over all rivals. It is in this context that we envisage the end of riba. And Allah the Most High knows best!


The evil age of ya’jooj ma’jooj and Dajjal will of course, be followed by the triumph of Islam and then will come youm al-qiyamah, the end of the world. Of those who lived through the evil age, however and who had to face the challenge of riba, very few would enter into heaven. The following hadith should be studied with fear and with care by those who still remain to be persuaded about the great danger of riba:

Abu Said narrated that the Prophet said: Allah will say: O Adam! Adam will reply: labbaik and sa'daik (I respond to Your Calls. I am obedient to Your orders) wal khair fi yadaik (and all the good is in both Your Hands)! Then Allah will say (to Adam): Bring out the people of the Fire. Adam will say: What (how many) are the people of the Fire? Allah will say, Out of every thousand (take out) nine-hundred and ninety-nine (persons) (i.e. for jahannam). At that time children will become hoary-headed and every pregnant female will drop her load (i.e. miscarriage) and you will see the people as if they were drunk; yet not drunk; But Allah’s punishment will be very severe.

That news distressed the companions of the Prophet very much and they said; O Allah’s Apostle! Who amongst us will be that man (the lucky one out of one-thousand who will be saved from the Fire)? He said: Have the good news that one-thousand will be from ya'jooj and ma‘jooj and the one (to be saved will be) from you. The Prophet added: By Him in Whose Hand my soul is. I hope that you (Muslims) will be one third of the people of paradise. On that we glorified and praised Allah and said: Allahu Akbar. The Prophet then said: By Him in Whose Hand my soul is, I hope that you will be one half of the people of paradise, as your (Muslims) example in comparison to the other people (non-Muslims) is like that of a white hair on the skin of a black ox or a round hairless spot on the foreleg of a donkey.
(Bukhari)

to be continued . . . . 

The Prohibition of Riba (Interest) by Imran Hosein



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



Saturday, 6 February 2021

The third stage of the Qur'anic prohibition of riba & total eradication of riba from the economy




THIRD STAGE OF THE QUR’ANIC REVELATIONS FOR THE PROHIBITION OF RIBA: THE TOTAL ELIMINATION OF RIBA FROM THE ECONOMY

It was a matter of great moment that the Prophet (s) chose his sermon on the occasion of the farewell pilgrimage, just three months before his death, to launch the effort for the final and complete elimination of riba from Muslim society:

O People, listen to my words, for I do not know whether I shall meet you again on such an occasion in the future. . .

All interest (riba) obligation shall henceforth be waived. Your capital, however is yours to keep (in accepting the return of only the principal sum lent) you shall neither be inflicting injury nor yourselves suffering inequity. Allah has judged that there shall be no interest (riba) and that all the interest due to 'Abbas ibn 'Abd al-Muttalib shall hence-forth he waived . . .

What the Prophet (s) did was to enforce the legislation prohibiting riba (revealed in Surah ale-'Imran) retroactively. Thus the third stage of the process of dealing with riba was one which witnessed the total and complete eradication of riba from the society.

Some two months later came the last Qur’anic revelation on riba, which was also the last revelation in the Qur’an and which come down to complete the revelation of the entire Qur'an. It was revealed shortly before the death of the Prophet (s) and it confirmed the third stage which had already been promulgated by the Prophet (s) at A’rafat applied the prohibition against riba retro actively in order to achieve the complete eradication of riba from economy. It annulled all outstanding riba transactions, thus effecting a total and complete elimination of riba from the economy. It instructed Muslims to recover only the principal sum lent, and thus eliminated even small interest payments or service charges. It urged the creditor to forego even the principal in case of the borrower’s hardship thus bringing about debt relief. The revelation again severely censured riba, but this time it responded to those who argued that riba is but a form or trade. The Qur’an rejected that argument and went on to establish a clear distinction between trade and riba:

Those who spend their wealth by night and by day, secretly and openly - surely for such (people) there is reward with their Lord, nor shall they have cause for fear or grief.

Those who live off the interest (riba) on loans behave but as might behave those whom Satan has confounded with his touch; That is because they say: Trade is similar to taking interest (riba). Yet Allah has permitted trading and forbidden taking interest (riba). Anyone who receives such an instruction from his Lord and thereupon desists (from riba) may keep his past gains (i.e the riba he previously accepted), and his affair rests with Allah (i.e. it will be for Allah to judge him). But as for those who return to it - they are destined for the fire, therein to abide forever!

(And remember that) Allah deprives riba (usurious gains) of all blessings, whereas He blesses charitable deeds with manifold increase. And Allah does not love anyone who is stubbornly ingrate and persists in sinful ways. (So do not be stubborn and persist in riba even after this revelation has reached you).

Verily those who have attained to faith and do good works and are constant in prayer and dispense charity - they shall have their reward from their Lord and no fear need they have and neither shall they grieve. O you who have attained to faith! Remain conscious of Allah and give up all the riba which is outstanding (i.e. which people still owe you) if you are truly believers.

If you do not do so (i.e. if you do not give up outstanding riba) then take notice of war from Allah and His Messenger (i.e. take notice of an ultimatum of war for the liberation of debtors unjustly dealt with and oppressed). But if you turn away (i.e. if you give up riba) then you shall have (i.e. you will be entitled to) only your principal sums (which you had lent on the basis of riba) (i.e. you may have only the principal, - not the principal plus a reasonable amount of interest).

You deal not unjustly and you shall not be dealt with unjustly. (This might more properly be understood as follows: In accepting the return of only the principal sum lent you will not be inflicting injustice on the borrower. and in giving up the interest which was due will not, yourself, be subjected to any injustice.)

If the debtor is in difficulty, grant him time until it is easy for him to repay. But if you remit it (i.e. if you write off the debt) by way of charity, that will be best for you. if you only knew.

And fear the Day when you shall be brought back to Allah, then every soul will be paid what it earned and you shall not be dealt with unjustly.
(Qur’an: al-Baqarah:- 2:275-281)

An indication of the tremendous importance which Allah, the Most High, devoted to the elimination of riba can be discerned from the fact that this was, as we noted earlier, the last revelation of the Qur’an to be sent down (the last revelation was in fact, verses 179-181 and so 174-178 must have been revealed earlier). The dedication of war against usurers by Allah, the Most High, and His Messenger (s) is by far the most forceful language used in the Qur’an against sinners.

Now a declaration of war by Allah, the Most High and His Messenger (s) must definitely implicate the believers. The implication is that the oppressed were given a divine sanction to wage war, to kill and to be killed, in an effort to extricate themselves from the oppression that is inherent in riba. The believers were also required to wage war to eradicate riba from any society and from any territory whose oppressed people were crying out for help. My teacher of blessed memory Maulana Dr. Muhammad Fadlur Rahman Ansari (may Allah have mercy on him) further argued the case for the use of force in view of the fact that the Qur’an: . . enjoins active steps, through coercive authority for ending exploitation. He quoted, in this connection the following verse:

If two parties among the believers fall into a quarrel, make peace between them. But if one of them transgresses beyond bounds against the other then fight (all of you) against the one that transgresses until it complies with the command of Allah.
(Qur ’an: al-Hujurat: 49:9)

He went on to explain that the verse in its general bearing ... provides also the principle that if a group of Muslims tries to exploit another group, it is the duty of the Islamic State to restrain the exploiters by force. And he concluded by pointing out that: The prohibition of usury and interest (riba), whereby the rich exploit the poor, is part of the Qur’anic legislation (requiring the use of force for eradicating it). . .

Finally the last revelation to be sent down concerning riba continued the process of education which characterized all previous revelations on the subject. In the last revelation Allah, the Most High, again effected a contrast between ‘charity’ and ‘riba’ and between ‘spending’ and ‘riba’. Of course spending should not be understood in terms of conspicuous consumption, spending on luxury items, etc.

When people spend of their wealth, wealth circulate, in the economy. Everybody benefits from such. Or anyone can benefit from such. When spending bypasses the market, however which is what happens in riba transactions then only some will benefit. Thus when an economy is based on riba it should be as clear as daylight that the rich will always remain rich and the poor will be permanently poor. In fact it is worse than that. The rich will keep on growing richer and the poor will become poorer. That is a recipe for the breakdown of any social order. And that is precisely what the world has been witnessing for at least one hundred years now.

Thus the last stage of the Qur’anic revelation dealing with riba accomplished the following:
  • retro-active enforcement of the legislation prohibiting riba
  • sanction for waging war to eradicate riba
  • debt relief; 
  • process of education continued.

to be continued . . . . 

The Prohibition of Riba (Interest) by Imran Hosein



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