Ibn Bazz: on riba based banks
Answers to some questions posed after lecture
What is the ruling on dealing with Ribabased Banks? What measure should be taken toward the hardships that our Muslim brethren undergo in some Islamic countries?
A:
Riba (usury/interest) is undoubtedly Haram (prohibited) and this is supported by Ayahs (Qur'anic verses), the Sunnah (whatever is reported from the Prophet) and the Ijma` (consensus of scholars). Riba is one of the gravest sins and unanimously prohibited acts. Allah (Glorified and Exalted be He) says: Those who eat Ribâ (usury) will not stand (on the Day of Resurrection) except like the standing of a person beaten by Shaitân (Satan) leading him to insanity. That is because they say: “Trading is only like Ribâ (usury),” whereas Allâh has permitted trading and forbidden Ribâ (usury).
Allah(GlorifiedandExaltedbeHe)alsosays: Oyouwhobelieve!BeafraidofAllâhandgiveupwhatremains(due to you) from Ribâ (usury) (from now onward), if you are (really) believers. 
And if you do not do it, then take a notice of war from Allâh and His Messenger The Prophet (peace be upon him) said, Allah cursed the devourer (taker) of Riba, its payer, itsscribeanditstwowitnesses.Hesaid,“Theyareallequal.” (RelatedbyMusliminhisSahih(authentic)Bookof Hadith)All Muslims must beware of Riba and should not deal with it or deposit their money in any Ribabased bank; be they
( Part No : 7, Page No: 283)
national or international. The existence of something among people does not mean it is lawful. Good exists, as does evil, and one must follow the good and keep away from the evil. The existence of evil does not mean it is lawful; rather it must be avoided.
In conclusion, Riba is one of the prohibited acts that we must guard against and warn others about. By doing so, in sha’aAllah (if Allah wills), all Ribabased banks will be removed from the Kingdom of Saudi Arabia. The Custodian of the Two Holy Mosques has agreed to replace them with the Islamic banks, which will help us dispense with these Ribabased banks which will soon disappear from this country.
In brief, Muslim philanthropists should create and hold shares in Islamic banks, so that other Muslims will be encouraged to seek Islamic banks until they increase in number and Allah will help us dispense with these Ribabased banks, until they disappear very soon In sha’aAllah.
As far as our Muslim brethren everywhere including Algeria, Philippines, Afghanistan, Bosnia and Herzegovina, etc., it is obligatory upon all Muslims to supplicate Allah to grant them success and guidance, help them understand Islam correctly, unite them, grant them victory over their enemies, and guide the officials in Muslim countries to make AlHaqq (the Truth) victorious.
It is prescribed to supplicate to Allah for all Muslim brethren everywhere in their absence, for it yields great benefit. Muslims should supplicate to Allah to help their brethren in Philippines, Algeria, Tunisia, Morocco, Afghanistan, Bosnia and Herzegovina, etc.,
( Part No : 7, Page No: 284)
and in their own countries. Muslims should supplicate Allah to grant all Muslims success and uprightness, unite them on the path to goodness and guidance, protect them from the evil of their rulers, help them show and call to AlHaqq with knowledge and insight, keep them away from the ways that oppose AlHaqq or make a person deny it, and guide them to the good means that back and invite to AlHaqq and help to accept and be content with it.
Comments
Post a Comment