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The Objectives of the Prohibition of Riba By: Elhadi Habbani
01-02-2014, 08:19 PM |
الهادي هباني
الهادي هباني
Registered: 06-17-2008
Total Posts: 2807
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Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani (Re: الهادي هباني)
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Affirming Realism;
Realism is considered one of the most important general conditions of Islamic finance contract that has been extracted from Fiqh. It represents one of the nearly all unique principal that distinguish Islamic finance from conventional finance. Prohibition of Riba came to prevent and confirm this principal because there is no reality in any transaction that contains Riba as explained before. The consequences of unreality in Riba, which are very dangerous having negative impact on the whole economy, can be explained in the following two major points: 1- The purpose of the finance application, which represents the first important question that the bank asks at the initial interview with the customer, in conventional banking is not only missing, but also having a no consideration from conventional bank because it is going to lend customer liquid money, which normally short term finance, in a form of loan or overdraft … etc. no matter in which purpose the customer will spend that money. Beside the absence of reality and moral screening to the contract object in this case, the customer might use the short term loan or over draft to finance long term asset which, in turn, lead to a definite delinquency and this actually what is widely and deliberately happening in conventional bank because, by nature, they benefit from customers delinquency to add more interest or Riba. 2- Since debt, as explained before, doesn't create increment or value, so lender doesn't deserve any return. Thus, one of the objectives of prohibition of Riba is to prevent and confirm the rule of return that it should be coming only from the a real asset, having real utility, and able, by nature, to create increment.
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Title |
Author |
Date |
The Objectives of the Prohibition of Riba By: Elhadi Habbani | الهادي هباني | 12-13-13, 08:45 PM |
Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani | الهادي هباني | 12-13-13, 08:51 PM |
Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani | الهادي هباني | 12-13-13, 08:53 PM |
Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani | الهادي هباني | 12-16-13, 12:01 PM |
Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani | الهادي هباني | 12-19-13, 06:52 PM |
Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani | الهادي هباني | 12-19-13, 07:01 PM |
Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani | الهادي هباني | 12-19-13, 07:05 PM |
Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani | الهادي هباني | 12-19-13, 07:20 PM |
Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani | الهادي هباني | 12-19-13, 07:27 PM |
Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani | الهادي هباني | 12-19-13, 07:28 PM |
Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani | الهادي هباني | 12-19-13, 07:28 PM |
Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani | الهادي هباني | 12-22-13, 05:45 AM |
Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani | الهادي هباني | 12-23-13, 07:57 PM |
Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani | الهادي هباني | 12-26-13, 04:48 AM |
Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani | الهادي هباني | 12-26-13, 04:52 AM |
Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani | الهادي هباني | 01-02-14, 08:18 PM |
Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani | الهادي هباني | 01-02-14, 08:19 PM |
Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani | إبراهيم عبد العزيز عثمان | 01-03-14, 04:41 AM |
Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani | الهادي هباني | 01-12-14, 12:28 PM |
Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani | الهادي هباني | 01-12-14, 12:29 PM |
Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani | الهادي هباني | 01-12-14, 12:33 PM |
Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani | الهادي هباني | 01-12-14, 12:41 PM |
Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani | الهادي هباني | 01-18-14, 10:50 AM |
Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani | الهادي هباني | 01-22-14, 11:24 AM |
Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani | الهادي هباني | 01-25-14, 06:12 PM |
Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani | الهادي هباني | 01-25-14, 06:14 PM |
Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani | الهادي هباني | 01-25-14, 06:16 PM |
Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani | الهادي هباني | 01-25-14, 06:18 PM |
Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani | الهادي هباني | 01-25-14, 06:19 PM |
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