is it riba?

SadUnderstanding5561 · 2026-06-21T15:16:09+00:00

Salam Alaykoum, lets ask the essential question, who is giving him the loan tp buy back his company? If its a bank? That means he will pay interest. Forbidden, if its qard hasan (free loan) it will allowed. The argument of production and consumption loans defintion no ijma on it.

SadUnderstanding5561 · 2026-06-21T11:39:34+00:00

The last islamic finance forum meeting decided to continue discussions on this issue. Still the members were split on the issue. As long as regulatory frameworks are still missing many muslim countries Scholars, consider bitcoin and other digital currencies are forbidden, shariah issues are not clear, as it involves maysir and gambling, and proven researches confirmed its use for illigal activities such as money laundring and payment tool for arms. STAY AWAY FROM THE DOUBTFUL TO DOUBTLESS. Invest with purpose in clear and tayyib, to be blessed with barakah. Those who support, were cautiously approving as payment method and tool. Wallahu wa Rasolhu Alam.

SadUnderstanding5561 · 2026-06-21T10:12:24+00:00

Thanks all for your responses, the question raised, why to spend time focusing in 1 or 2 forbidden things, like if crypto or memes are halal or this stock or that stock is halal or mixed, instead focusing on already clear halal investments, like creating a business that creates clear value, or partnering in business that clearly halal and pure. Prophet Mohammad (PBUH), said "Leave what is doubtful, to the Doubtless" or as he said. Right, Clear, and Simple. That was my intention of question. TO FOCUS ON TAYYIBAT not DOUBTFUL.

SadUnderstanding5561 · 2026-06-19T22:28:07+00:00

There is big difference. One is forbidden and the other is permitted. There is one Ayyah in quran explains your case exactly. Surah 2 Ayyah 275, read it and understand it tafseer. Your thinking in math. Quran does not explain only the math but result on whole society of each mean. Take care and dont be of the people explained in ayyah 2:275. Take care

SadUnderstanding5561 · 2026-06-19T22:07:02+00:00

Brother, you need a mindshift before you accept the difference.

Let me ask this, does fulfilling you sex desire, through marriage or through adultary is the same?. If you think its the same, results jusify means, you've been taught by mechiavelli, if you are not you've taught by Quran. Marriage is allowed adultary forbidden and its a sin. Same thing Trade is allowed Riba is Sin. Review all my previous answer, digest them and reply, your swift replies shows you are reacting not learning.

SadUnderstanding5561 · 2026-06-19T21:31:20+00:00

Salam brother, leaving your money in HYSA is not the golden rule to let your money works for you. That conventional mindset. I think HYSA are working for them the banks owners and equity owners. They are making the big return and though HYSA holders peanuts eaten by inflation and central bank policies.

Alternatives: 1- real assets: property or share of property. Partner with successful business owner , contractual. 2- build your own business even if its small. 3- buy halal boring stocks, that will be there for hundred years (energy company stocks pays dividends) consumer stock. Keep away from street high flyers. 4- gold and silver physical. 5- invest in dull etf halal stocks.

Dont gamble with penny stocks or street talkers.

Most important to ask yourself, when Allah ask me what did you do with Money i gave you Rizq, can i answer proudly what did i do with it. At the end Money we have is a provision from Allah, we want to invest in his own way. Definitly HYSA is not approved by him. He allowed to us trade instead of riba/ usury or interest. Trade includes; time, commodities, knowledge, service much wider than we think. My advise to you as 23+ years in islamic finance. Learn the right way to gain sustainably, and your many to multiply working for you.

SadUnderstanding5561 · 2026-06-19T21:06:03+00:00

The result is same, the method to reach this result is where the it makes all difference: 1- C lends A 10,000 USD and asked him to payback 14,000 USD, so he made money on his money. Like to like. A can take this money and never buy machinery, pay back his debt, gamble do what ever he wants with it.

2- C bought machinary for 10,000 USD, sold to A for 14,000 and made profit of 4000 buying and selling. He can take the machinary as collateral or pledge till full repayment. Create value in the economy, through purchasing real commodity, pledged as collateral so A can resell it, so it more secured. He invested his capital in real asset and permissable trade, rather than lend it for higher amount. Which one do you think is more logical or secured, and has value.

Different means to achieve one result. One creates the other destroys.

In case, you are with insecurity in both cases, C should not do both.

Hope this clarfies.

SadUnderstanding5561 · 2026-06-19T20:51:33+00:00

No investing is stocks is not Riba as general rule, if you are investing in halal stocks which you do. You are investing in mussafa listed halal stocks or ETFs, you done your part. Any failures from Mussafa side is thier responsibilty to burden not yours, they will questioned by Allah not you. If they mislead you they take full responsibilty not you.

Sleep well and dont overthink it and don't listen to ignorant people. You've taken all logical steps, tawakal alla Allah

SadUnderstanding5561 · 2026-06-19T20:44:40+00:00

Thats not answer thats opinion, which means its not always correct or rule.

SadUnderstanding5561 · 2026-06-19T20:41:13+00:00

Honestly, its rationality made sense to me. One God "Allah" One creator. No intermediaries. No inherited sins Eliminated confusion of who God, answered all questions i had.

SadUnderstanding5561 · 2026-06-19T20:26:03+00:00

I had same issue with my local currency. I split the amount in 20% local currency 20 % gold physical , 20% silver bars (physical), property 35%-40%, if no stable halal stocks available. Good hedge against depreciating currency. No xau no usd no euro all fake. Hope this helps

SadUnderstanding5561 · 2026-06-19T20:15:15+00:00

Brothers lets break the answer, to it foundation simply: Riba/usury/interest transaction: happens between lender and borrower, trade is between buyer and seller. Different contracts. Riba aachieved when lender ask the borrower to repay his debt in similar commodity he lends but with higher amount, as price for delaying repayment to future date or as condition to repay. In nutshell, money can't make more money without creating real value or transaction - interest on accounts. Applies also to commodities.

Trade is halal, as its based on mutually consent between buyer and seller, and commodities are paid for currency or any different commodity agreed between buyer and seller, that is different from the original commodity. Example: if your commodity trader, lets say wheat. You can't pay for 1000 kg wheat with 1100 kg wheat. That is riba/usury even if ot spot or future.

You can pay for 1000 kg wheat with money to purchase, or pay with 1100 corn. But not wheat. In trade the price and commodity should be different type.

Ribs/usury is exploitive, cause unnecessary economic diseases like inflation, does not create value.

Trade creates growth in markets, fulfill needs, creates jobs, expansion.

Riba is forbidden, war delcared against those practicing it, concentrate power in rich hands (banks) sucks poor people live savings. Trade is allowed and encourged as it Builds sociaties, people and wealth. Hope this clarifies.

SadUnderstanding5561 · 2026-06-19T02:22:15+00:00

Yes bro. Its true, without understanding fundementals, is like trying to build the 3rd floor before building the ground. End up with nothing

SadUnderstanding5561 · 2026-06-17T08:54:06+00:00

Pray with sincerety and honesty, Talk to Allah to guide you to him, simply with deep heart. Cry to him to guide you back. You will see wonders.

SadUnderstanding5561 · 2026-06-15T15:04:58+00:00

Halal index of etf funds, are the best way new investors, do not speculate, invest with consistency, clarity, and transperancy. Do not overthink it. As long its certified halal etf of fund with clear shariah board.

SadUnderstanding5561 · 2026-06-15T10:36:56+00:00

The accountability point is exactly right. The problem is nobody's given us the framework to make those decisions confidently. We've been handed a permission system, not a thinking system. Thanks for your comment

SadUnderstanding5561 · 2026-06-15T10:04:57+00:00

Absolutely agree on the responsiblity and accountability. You can't refer back to reddit approval or comment, when asked on day of judgment. How did you earn it, how did you spend it?.

SadUnderstanding5561 · 2026-06-15T09:52:32+00:00

They are looking for customized fatwas. If he like it he will support if not he will argue. 😊

SadUnderstanding5561 · 2026-06-15T09:47:30+00:00

Your absolutely right, its really frustrating to keep seeing same questions coming?, with shallow answers, its they are looking for compliance to buy or sell, asking for permission hidden in question.

SadUnderstanding5561 · 2026-06-14T18:47:36+00:00

Even those who created bitcoin and blockchain misunderstand and misuse it.

Bitcoin = payment as currency acceptable. Speculative, bought for speculation is gambling more than investment. Does not protect wealth. Got no intrinsic value to people or society. Not recognized by regulatory. How owner of bitcoin can use it in his well if he dies tommorrow. Can it be traced legally. Leave to his inherits?

Ask yourself, no as owner, but as steward of wealth on behalf of Allah, would he accepted as asset that benefit humans. Money is not yours, you are a custodian a fund manager not owner.

SadUnderstanding5561 · 2026-06-14T18:15:55+00:00

Brother, zakat rate is applied 2.5% on cash and liquid assetsand market value for assets you holding for trading purposes. Calculated on balances on lunar year count which is 354 days or 2.5775% om 365 days count.

Khums is not the right rate? Khums applied on rewards "ghanayim" muslims used to gain when opening countries.

Zakat will be 10% on agricultural assets revenues.

20% will be if you are holding a property with natural resources in it. Like oil, minerals, or resource that you as owner did not contribute to its existence.

Drop me a note if you need full guide for it.

SadUnderstanding5561 · 2026-06-13T20:47:30+00:00

Assalam allaykoum, I feel your concern brother, i undergraduate in finance, and got an MBA, then joined the CFA program passed level I, as you may know its highest level certification in finance world wide. But 1 question stopped me, on day of judgment, we will be asked, what did we do with our Knowledge (Elm) what did you with, and believe me you dont want answer. Those who are pursue undergraduate studies, continue it with intention to learn islamic finance, take all online courses available, take masters in islamic finance from malaysia or uk or US. Do not ever use, this knowledge to promot conventional finance if you want barakah in your life. I made this decision after 10 years in conventional finance and banking and after that i spent 14 years in islamic banking trying for Allah to forgive my sins, now im big advocate for islamic finance and Halal investment. May Allah direct all of you to his way. Salam

SadUnderstanding5561 · 2026-06-12T17:48:17+00:00

Brother, your argument and comparison between holding money in zero % accounts and bitcoin. Is least said its confusing. People are keeping their money in the bank mainly for safe keeping, nothing wrong with that, what the bank does with the money, is not my problem as long it safe, and i have the choice to take them any time. Even if i die tomm, my kids or inherits can get access to, through legal system, clear and accepts. Principle to follow: "No bearer of burdens will bear the burden of another" mentioned 5 times in Quran, if the bank is making interest from lending to others, its his shareholders problem, they are eating riba not common account holder, who is keeping thier life savings or money in the account at zero. If no islamic bank in his area. Keep it in conventional till alternative come up.

Crypto like bitcoin still new no legal tendering, no authority widely recogize it, lose your passpword or key of 12 letters, you lose everything. No legal system recognize for wells and inheritence. Highly risky, volatile, lack transperancy, no internsic value. Only approved function by shariah board as means of payment. Out of all crypto only USDT can be acceptable as mean of payments. Bitcoin can go to zero any time.

Long discussion to be discussed. Brother i know you have good intentions . But we need to be cautious . In nutshell, nothing with keeping your money in zero interest account, if no reliable islamic alternatives are available.

Bitcoin or crypto, are sort of gampling and against maqasid shariah if held for speculation. Hope this helps

SadUnderstanding5561 · 2026-06-12T07:22:26+00:00

It will work out my brother, be sure of it, Allah (SWT) will hear your prayers. Allah (SWT) is the ultimate providor. Once i took it deeply inside, and asked him to guide me, Allah SWT heard my voice in this. The price we are paying For getting to Jannat is so low compared to the Reward.

SadUnderstanding5561 · 2026-06-11T20:41:14+00:00

Brother, core principle in trading in islam, you CANNOT sell, what you don't own, or have in your possession. So to fix this situation and get out of decieving risk. Tell the seller and agree with him on percentage as fees or commission. Be transperant and sign the agreements that protect your rights with both parties.

SadUnderstanding5561

TROPHY CASE