06-09-2005, 04:19 AM
Assalam o Alaikum dear readers..n members
I am new to this forum n started reading the threads from 1 to 12 this morning n decided to become a member.
1. One thing i want to stress upon is that may be we are not "ulema" of the religion and we may not be very current on various issues of the religion but those matters which directly affect "My " or for that matter "our" life must be clear to us or atleat we should put an effort to understand those issues. This being our prime responsibility. Why i say "matters concerning us directly should be known to us", though all religion is concerned with us , because lets say " wat your right hand possessses" doesn't really concern me or usuary doesn't really concern a labourer earning 1 to 2 dollars per day to hardly meet their day to day requirement.
2. Now interest or usuary or profit are bothering my life , therefore i am in quest of HAQ( truth) because no good muslim would like to mix haram in his hard earned halal income just for petty n timely benifit which also is going to vanishdue to lack of "Barakat" as to me difinition of barkat is that it is something which once gets assosiated with any thing increases its usefulness.E.g if baraka becomes assosiated to your time you can do a lot of work n small time like Imam gazali ..whio wrote as many boos in his short like of 50 years which a person like me cannot even read in my long life (so to say) of 60 years. similarly if baraka is assosiated to u r money u can purchase so many things in small money that one can 't even think off so I want to keep barakat a part of my life there fore i m after this usuary.
3. To me, Usuary is any loan may it be for any purpose , it s the fix pre - decided amount whic has to be replenished to the lender. No this fix is a long term.
a. lets say 10 000 on 1000000 after one year os also fixed.
b. 10 % of original amount also becomes fixed as the original capital is fixed.
c. even if amount changes every year based on past experience of profit still it counts for that as this is not being applied to amount of previous year and is apllicable on the amount for following year where it again becomes pr-fixed for next year as the banks generally do.
4. To me the more logical way of not making it a usuary is that the amont should be decided as percentage of profit or loss and that can not pe predecided. Yes %age can be pre- decided as this will not make the amount fixed. the totalamount will be again variable due to profit/loss being variable.
5. This is the crux of all that i ve studied so far..n i''d like to have comments from u all to gain more on the subject . To me any system working on pricipal 4 or closer to it will be justified
thans and best regards
imran arif
I am new to this forum n started reading the threads from 1 to 12 this morning n decided to become a member.
1. One thing i want to stress upon is that may be we are not "ulema" of the religion and we may not be very current on various issues of the religion but those matters which directly affect "My " or for that matter "our" life must be clear to us or atleat we should put an effort to understand those issues. This being our prime responsibility. Why i say "matters concerning us directly should be known to us", though all religion is concerned with us , because lets say " wat your right hand possessses" doesn't really concern me or usuary doesn't really concern a labourer earning 1 to 2 dollars per day to hardly meet their day to day requirement.
2. Now interest or usuary or profit are bothering my life , therefore i am in quest of HAQ( truth) because no good muslim would like to mix haram in his hard earned halal income just for petty n timely benifit which also is going to vanishdue to lack of "Barakat" as to me difinition of barkat is that it is something which once gets assosiated with any thing increases its usefulness.E.g if baraka becomes assosiated to your time you can do a lot of work n small time like Imam gazali ..whio wrote as many boos in his short like of 50 years which a person like me cannot even read in my long life (so to say) of 60 years. similarly if baraka is assosiated to u r money u can purchase so many things in small money that one can 't even think off so I want to keep barakat a part of my life there fore i m after this usuary.
3. To me, Usuary is any loan may it be for any purpose , it s the fix pre - decided amount whic has to be replenished to the lender. No this fix is a long term.
a. lets say 10 000 on 1000000 after one year os also fixed.
b. 10 % of original amount also becomes fixed as the original capital is fixed.
c. even if amount changes every year based on past experience of profit still it counts for that as this is not being applied to amount of previous year and is apllicable on the amount for following year where it again becomes pr-fixed for next year as the banks generally do.
4. To me the more logical way of not making it a usuary is that the amont should be decided as percentage of profit or loss and that can not pe predecided. Yes %age can be pre- decided as this will not make the amount fixed. the totalamount will be again variable due to profit/loss being variable.
5. This is the crux of all that i ve studied so far..n i''d like to have comments from u all to gain more on the subject . To me any system working on pricipal 4 or closer to it will be justified
thans and best regards
imran arif
