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Interest based Student loans are Haraam

Interest based Student loans are Haraam

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 Auto-generated transcript:In the name of Allah, the Most Gracious, the Most Merciful. All praise is due to Allah, Lord of the worlds. And peace and blessings be upon the honour of the prophets and messengers. Muhammad, the Messenger of Allah, peace and blessings be upon him, and upon his family and companions. Tasliman kathiran kathira. My brothers and sisters, Allah subhanahu wa ta'ala reminds us about the purpose of our creation. Allah subhanahu wa ta'ala reminds us about why He created us. And Allah subhanahu wa ta'ala said, وَمَا أَخَلَقْتُ الْجِنَّ وَالْإِنسَ إِلَّا لِيَعْبُدُونَ مَا أُرِيدُ مِنْهُمْ بِالرِّزْقِ وَمَا أُرِيدُ أَن يُطْعِمُونَ إِنَّ اللَّهَ هُوَ الرَّزَّاقُ ذُو الْقُوَّةِ الْمَتِينَ Allah subhanahu wa ta'ala said, And I, Allah alone, created not the jinn and the humans except that they should worship me. That means, I have not created them for any purpose other than that they should worship me. I do not seek any provision from them, that is provision for themselves or for my creatures, nor do I ask that they should feed me, that is feed themselves or my creatures. Verily Allah is the All-Provider, the Owner of Power and Most Strong. If you look at the grammar of the last ayah, إِنَّ اللَّهَ هُوَ الرَّزَّاقُ ذُو الْقُوَّةِ الْمَتِينَ You will see that Allah subhanahu wa ta'ala has emphasized the fact that He is our Raziq six times. And finally in the last word of the ayah, He jalla jallahu invokes His own power, قُوَّةِ الْمَتِينَ to allay our anxiety about our sustenance. The issue is not His ability to provide but our faith. My brothers and sisters, my sisters, the thing to understand very clearly is that there can be no benefit in whatever Allah subhanahu wa ta'ala prohibited and there can be no harm in what Allah subhanahu wa ta'ala permitted. This is the lesson that the Sahaba, Ridwanullahi alaihi majma'in, learned so well. They didn't try to balance anything. We talk about balance between deen and dunya. Deen is the way of living in the dunya. There's no question of balance. Deen is the way in which, according to which if we live in the dunya, then we will have a beautiful life in this world and in the hereafter. The Sahaba didn't balance anything. They simply chose to obey Allah subhanahu wa ta'ala without question. The only question they asked Rasulullah s.a.w., whenever a command of Allah subhanahu wa ta'ala was revealed, was how should we do this? They never asked why should we do this? That is why Allah subhanahu wa ta'ala gave them control over their world. See the environment. I want to talk about one particular command of Allah subhanahu wa ta'ala, which is the banning of interest-based dealings. But before we go to the command, let's see the environment in which the command was given. The people of Makkah were mainly traders because Makkah has no industry or large-scale agriculture. They traded in the markets in Byzantium and Yemen, which were in Roman and Persian hands respectively. For this, they had a highly developed banking system, one of the mainstays of which was interest-based lending. They used various banking instruments, which had been in use in Roman Persia for a thousand years before Rasulullah s.a.w. was born. All the businessmen in Makkah were traders. Makkah used this system. And several, including al-Abbas bin Abdul Muttalib, and al-Anhu were bankers, with perhaps thousands of clients. It was in this context that Allah subhanahu wa ta'ala prohibited the backbone of this whole system, which is interest-based lending and borrowing. Not only did Allah subhanahu wa ta'ala ban it, but he also declared war on the one who wouldn't leave it after the revelation of the ayah, after the ban. And neither did he offer an alternative to the system. Sometimes people ask this question and they say, if we leave this, what is the alternative? Give us the alternative first, then we will leave it. But that is not how the Sahaba saw it. They simply obeyed. So Allah subhanahu wa ta'ala did not explain the reasons for the ban. He simply banned it. Allah said, يَا أَيُّهَا الَّذِينَ آمَنُوا تَقُوا اللَّهَ وَذَرُوا مَا بَقِيَ مِنَ الرِّبَاءِ إِن كُنتُم مُؤْمِنِينَ فَإِن لَّمْ تَفْعَلُوا فَأَذَنُوا بِحَرْبٍ مِّنْ تَفْعَالُونَ Allah and His Messenger. And if you repent, then you will have the heads of your ancestors. Do not be wronged or be wronged. Allah said, O believers, fear Allah and give up outstanding interest if you are true believers. It's a conditional ayah. Prove that you are believers by giving up interest. If you are true believers. If you do not do this, then take a declaration of war with Allah and ...
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