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Economics Forum

Share and discuss what the Quran can offer in matters of economics and social welfare.

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  • The Solution to the Inheritance Verses

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    Powerful lost love spells that work to get back your lost lover @ +27-73-479-3788 Most Powerful Love Spells in Dubai -AUSTRALIA-ROMANIA-BULGARIA-MOROCCO-FIJI-HONDURAS-GREECE. Love Spells That Work Fast ~Bring Back A Lost Love 24 Hours. @ +27-73-479-3788 Bring back a lost love 24 hours: @ +27-73-479-3788 love spell that work fast bringing back a lost love is very true. Why not restore your broken relationship if you still burning inside with same old love you had for each other this spell is designed to fix all your love issues.Stop acting though like you will heal your broken heart and cast a spell to bring back your lost love within 24 hours. @ +27-73-479-3788 This spell works no matter how long you have been parted ways with your partner. @ +27-73-479-3788 White magic love spells that work in the united kingdom Instant love spells to bring back your ex partner in the usa Marriage love spells that work for a good marriage Fastest love spells to reunite with your ex-lover Family reunion love spells that work in Chicago Voodoo obedience love spells that work in the USA @ +27-73-479-3788 Effective marriage love spells that work instantly Effective love spells that work for marriage. Lost Love Spells That Work Fast @ +27-73-479-3788 Powerful Love Spells For Lovers to bring there lost lovers Back in Zambia -Swaziland- Ohio -Nevada -Port Elizabeth, Love spells magic that will help you apprehend your relationship problems discover your soul mate and make them fall in love with you with the help of MAMA. @ +27-73-479-3788 shop your marriage from divorce & make your relationship more potent restoration believe troubles & misunderstandings between fanatics and get lower back lost lover in just 48 hrs. love spells to opposite a breakup & shop your dating. misplaced love spells to get your ex misplaced lover lower back completely & carry lower back lost love.heal relationship troubles the usage of love spells to boom love among people. @ +27-73-479-3788 love spells to banish intimacy & communique troubles in your courting. love spells to make a person fall in love with you attract a brand new lover stop your associate from dishonest on you & love spells to save you a divorce.misplaced love spells to completely get your ex husband again or ex spouse lower back. @ +27-73-479-3788 lost love spells to completely get your ex boyfriend or ex female friend returned. @ +27-73-479-3788 love spells chants to bolster a courting. chant these spiritually endowed words & wipe away your dating & marriage troubles. love spells chants that will help you locate love; make someone fall in love with you & get your ex returned. love spells chant to heal dating & marriage problems. Powerful Lost Love Spells @ +27-73-479-3788 Bring back lost lover USING MAGIC LOVE spells In Italy -UK -USA- singapore- oman -bahrain -london- ireland -wales -austria, My bring back lost lover spells will connect you and your lover with binding love spells. @ +27-73-479-3788 Enabling you to resolve all the issues.If you met a special someone who had a big impact on your life but lost their love. Mama Elon has lost lover spells to reunite you with love.Be blessed with the love of that special someone who left a mark in your life. @ +27-73-479-3788 If you want to taste the powerful love of a lost lover who made you fall deeply in love & you find yourself wanting more of their love after a breakup or divorce then my bring back lost love spells can be of assistance to your situation. @ +27-73-479-3788 Maybe your ex-lover wants nothing to do with you again, bring back lost love spells will help them forgive you or each of you to forgive each other of past wrongs & make you fall back in love with each other & enable you to restart a successful love relationship. @ +27-73-479-3788 Return lost love spells,For those who can move on, for those who can’t seem to forget that special lover from the past, for those who want to reconnect with an ex-lover, for those who want that one person who understood them & loved them like noon else Helpline @ +27-73-479-3788 Text or Call️ WhatsApp Now Maamaafrica.
  • Book: Architecture of Debt-money and Interest: A Quranic Diagnosis

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    [image: image?url=%2Fbooks%2Fdebt-money.jpg&w=256&q=75] Human beings are vulnerable to false representations of reality that can appear attractive, persuasive, and even materially beneficial. The book shows how a false representation of reality, when built into financial institutions, can produce structural harm over long time horizons. Today, there is no real money in the old sense — only debt-money. Every new dollar enters the system when someone borrows. Money is created as someone’s debt out of thin air, with interest baked into the obligation. But the interest portion is not created with the loan. So the system needs new debt to service old debt and keep the chain moving. Because the system is built on debt-money, the money supply expands, inflation erodes savings, debt burdens accumulate, and wealth flows upward. The system enforces fixed, legally binding, compounding claims in a world that does not compound. What collapses under ribā is not morality alone, but mathematics itself. The book takes the reader through a rigorous pan-textual analysis to demonstrate why modern interpretations do not align with the Qurʾān’s firm position on this controversial subject. Download for free: https://www.cccframework.ca/mybooks
  • What is Riba?

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    I deal with this subject systematically in my book The Architecture of Debt-money and interest: A Quranic Diagnosis starting with explaining modern money mechanics to show how the whole monetary system is architecturally Riba. This is followed by dealing with Islamic banking to reveal how it operates under the hood. Taking a Quran alone view, a pan textual analysis provides interlocking evidence on the Quranic principles on riba: value exchange and risk sharing as opposed to value extraction and unjust enrichment. The book then looks at the Judeo Christian take on the practice of Riba and how the Quran acts as a control over these Abrahamic scriptures. The book then deals with common myths circulated to justify the practice of Riba as 'grease' for the modern economic system. The book concludes by turning to the Qurʾān not as theology, but as an epistemic framework—testing its own claim that it prohibits interest through internal coherence, real-world correspondence, and its ability to correct systemic drift when societies deviate from sound principles. You can download the book here. https://www.cccframework.ca/mybooks
  • Why You Can't Save The World - Poverty & Social Inequalities

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    Peace everyone, But is poverty mostly a societal/collective phenomenon or is it mostly an individual phenomenon? I will share some of my thoughts about this in my next post in this thread. I have changed my mind and decided to not share my thoughts on whether poverty is mostly a societal/collective phenomenon or an individual phenomenon. Also, due to some personal reasons, I have decided to take a long break from this forum. I will read the posts here and log into this forum, but I will not write any posts here for a long time.
  • A Post Capitalism World: Demonetization Of Everything

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    Greetings and Peace, all group Zombie thread! I'd recently come across the idea of a basic universal income. Even if there are few jobs, under this scheme it would be possible to maintain a currency and rewards for extraordinary ability/talent/work. This would diminish the likelihood of technological stagnation, as there would be extra motivation to strive. Imagine having all basic goods provided for...and still having a nominal yearly sum to spend, and the ability to earn more (should one desire). https//www.youtube.com/watch?v=6bbzwJ0Sx48 May ALLAH see fit to Guide all seekers. peace ~Abdul-Hadi
  • Need Financial assistance

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    Peace all, I understand this forum is not meant for things like this, and is against forum rules. I was not aware of it at the time. I apologise for the post. Admin/Moderators, please delete or move it to trash if needed.
  • Poll: Are Usury and Interest the same thing?

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    Everything which is not selling goods and/or work is ribaa, each money flow without goods/work is ribaa. I cannot name it usury or interest, because these are just a few of ways for ribaa. If one is selling his position (being bribed) it's also ribaa, if one is bribed to testify it's ribaa, if one's selling land it's ribaa, if one's selling a water spring it's ribaa, if one's selling air (don't laugh, it's here already) this is ribaa...
  • BIT coin

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    Peace, bit coin is a fiat currency, unlike government imposed fiat, bitcoin is self imposed fiat. but all fiat functions similarly to a ponzi scheme. The danger with bitcoin is the same as all fiats, the owners can buy bitcoin taking a position as the dominant market holder, this drives the price very high, which encourages people to believe it gives free money, then when the "investors" are ripe to be pundered, the owners dump large amounts of bitcoin onto the market and the price plunges, effectively punishing those that bought at high prices, the owners then slowly build up their holding again, and at a future point will continue the cycle. Bitcoin has no intrinsic value, no guarantee of value, no protection from fraud, theft or loss, it is fiat. You can make a cryptocurrency that can be structured as the world first "true" medium of exchange, this requires the cryptocurrency is held within a closed bond, which allows the exclusion of those dishonouring agreement. The currency is created only when it is advanced, to be repaid interest and fee free, when linked to an external guarantee of repayment, the guarnatee has three basic forms. When the cryptocurrency is traded for any fiat, the value of the fiat is determined by its purchasing power, not by speculative manipulations. In this way the cryptocurrency has intrinsic value, and all transactions can be checked against a zero balance.
  • Taxes

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    Peace all, a state is a feudal construct designed to hold the masses under the control of a wealth elite of jinn (psychopaths), it imposes riba upon land use, taxation is imposing on the use of your labours, rental is imposing on your use of infrastructure, profit is imposing on your access to resources, and interest bearing debt is the result of the five forms of riba working in unison. Riba is NOT trade. Trade is the reciprocal exchange of the fruits of my labour for the fruits of someone else’s labour. So clearly Usury (riba) is not trade. Usury is a one-sided extraction of the fruits of the labours of another, which has 5 basic forms Debt (the interest demand for the use of money) Profit (the interest demanded for the use of capital) Rental (the interest demanded for the use of infrastructure) Taxation (the interest demanded for the use of your labour) Ownership (the interest demanded for the use of land through the fiction of eminent domain originating through feudalism) So could Islam allow any of these five basic forms of riba? Well, as we are, well claimed to be, at war with riba, I think it's a no brain'er.
  • Gambling: The Seeking of Unearned Reward

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    Disguise is used to gain an advantage on people. Disguise is the opposite of honesty.. Disguise is a trap. Drugs are disguised as medicine, gambling is disguised, as investment many other vices are disguised and we can all easily fall into the trap. Our spiritual self is always under attack by our body desires and lusts. It is a daily struggle and an ongoing war. Even the basic necessities of life like eating, playing,having hobbies,.. have a balance and going over the limit of the balance is destructive to the spiritual self. Our habits can easily become addictions. The body wins and the spiritual self is weakened and loses to the desires and lusts. How can one find the balance between body and soul? Looking after the body mostly and ignoring the soul is an imbalance. The worldly life is heavily biased towards the good of the body and does nothing for the soul., The body is connecting to the worldly life. The soul needs to be connected to the creator for the balance to be restored. One can call it following the straight path with being GOD conscious if they like. It is the hardest path in one s life. Basically it is like waking up from a nightmare.. It is like changing from being a walking zombie into regaining your senses and brain. Simply we need to tap deep inside us and wake our soul up. Money,material things and all things of this life must not be at the top of the priorities because they are worthless for the soul. Knowledge , honesty and good morals open the soul for connection to its maker to get nourished. By all means feed your body and look after it but not at the expense of your soul. Look after both and keep the balance. Search inside you to find a way . It is in the instinct , we simply ignore it. May the Lord cure our bad addictions. GOD bless you all. Peace.
  • An explanation of how the modern system of riba was imposed

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    Peace Neptin, In fact I provide a complete alternative model to the riba system based upon the inherent nature of common unity, this is a large topic and I have dedicated the entire website to explaining it, if you'd like to consider a system free of riba, that has massive selfish advantage, reverses all the horrors of the present system, gets rid of the financial, legal, medical, education, corporate, commercial monopolies by the creation of an alternative which would once released quickly render them obsolete, and allows far superior in all beneficial aspects, then feel free to read the articles. The model I propose is the real Islam that existed before the invention of hadith and the contrived religion.
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    Peace All, riba is the Arabic term for usury. Usury is not trade. Trade is the reciprocal exchange of stored or promised labour. Usury is a one sided extraction of the fruits of the labours of another. This means there are five basic forms of riba Ownership Taxation Profit Interest and fees on debt Rental We are born into a riba system presently, and people seek to justify riba in such a model. The alternatives to the riba system are far superior and generate abundance for all, free of all hierarchies and imposed monopolies, but of course that requires abandoning the five forms of riba Riba of course seems to be something almost every Muslim or non-Muslim alike worships as their god.
  • Is it wrong to go to University because of loans

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    salaam, Qur’an mentions/agree debt (2282). But I don’t think this is applicable to an interest based debt, since God says 2276. Therefore, I think it’s better avoid supporting the growth of any kind of interest systems, -to support God's system/deen. That would likely be kind of the swalat (with patience) mentioned in verses like 245, 153 etc. in my opinion. (Note that Qur'an only uses 'riba' -there is no such classification like Low interest, High interest, Usury etc. in the Qur’an, and it’s clear from 2278-279). And this is a familiar Qur'anic phrase “it is God who provides or restricts for whoever He chooses from among His servants”
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    Salams Everyone, What do you mean by the situation will be locked? Maybe you can give a little more detail and others can help amend/add to your idea. I don?t think the way our economy is run is easy to understand because well it isn?t and I don?t think it?s quite logical. i.e. there still is the assumption that the money lent by banks is only our savings. To be fair it?s not something I have researched extensively. I think morality is subjective to a certain degree. Traditional Muslims see women with their hair showing think that?s immoral. I asked two sunni muslims on the Islam Stack Exchange before whether they would steal if it wasn't "haram", they answered "yes/probably yes". Strange thing is one of them presented herself as a "Mathematician with a PhD". (one of the reason why I wanted to ask her and see) At least they were honest. It?s possible they were not thinking about morals but simply halal and haram. The issue for me is that people think something is universally immoral or moral based on their own perspective and their own experiences. I am not talking about sunnis or sectarians. I am kinda emphasizing atheists actually. Isn?t this the case with everyone? Everyone?s perspective is gathered from experiences, beliefs, history, knowledge past and present. Don?t you think atheists learnt some morals from believers of faiths? We can expose earning interests as unjust but what are the alternatives? And are these realistic alternatives that can happen in today?s society? The problem is people want to be comfortable not always having to chase their tails. So rent is difficult because there isn?t much stability and it?s costly. Not everyone has a degree or a good paying job. Some people will do better in business but need some income to get them going. Unless you?re privileged people will borrow money to buy property or take a risk to borrow and build up a business. People even borrow money to get an education. So it?s very complicated. In a lot of cases people are positioned to need to borrow. So does it make me evil/immoral for borrowing money to do these things? I?m not benefiting from the return but I will benefit from a business, ownership of a house or even a degree or education. I understand that borrowing the money will continue to perpetuate the practise so even though I may not be using the interest I keep that process running so not entirely a good thing but what are the alternatives? That?s what I?d like to see.
  • Riba and Financial Derivatives (Options, Futures and Forwards)

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    Peace Progressive, I explained riba clearly to your previously in another thread, yet you continue to perpetuate confusion and contradictions, to intentionally deceive and confuse others is not the act of reason or in anyway helpful. My question is why do you?
  • Maximum Assets per Person

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    429 O you who acknowledge! Do not consume one another's money unjustly. There shall only be trade that is mutually agreed by you. And do not destroy one another. God is Compassionate towards you. Your idea is horrible.
  • Why Riba (Usury) is Not Trade Explained

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    Peace progressive, riba means usury, and usury is a concept, that concept is not limited to interest on money, it is applicable to all trades. Trade is a reciprocal exchange of labours. Usury is the lending of something and after receiving it back demanding more than was given. ?Interest Is Theft, Rent Robbery, And Profit Only Another Name For Plunder.? Ezra Heywood Usury is the ultimate centralisation of power, hierarchy is birthed its conjoined twin. For the usurious, usury is perceived as free money, extracted extortionately; for the extorted victim they perceive no alternative. ?Usury is a certain benefit which is received for the use of the thing lent beyond the return in full of the thing lent, and is not lawful.? Definition Black?s Law Dictionary. To understand usury, you must first understand trade, as usury is ?not? trade. To understand trade you must understand ownership, innately ?you may only own that which you create yourself?. In trade the only thing you then own are your labours, and substantively it?s these labours invested in the exchange that are traded. For example if I exchange a bag of apples for a bag of potatoes, the apples and the potatoes are free, it is only the labours invested within their cultivation and delivery, that have value in exchange. Usury is unreciprocated labours, which are received for the use of something lent, beyond the return in full of the thing lent. In others words usury (riba) is Trade is an reciprocal exchange of labours, usury is a taking of labours without reciprocation. once you understand the concept and you understand the nature and function of systems such as ownership, rental, interest debt, taxation, and profit, it becomes clear they are forms of usury. Taxation is a form of usury because in a feudal model all citizens are slaves, and a slave cannot own, everything is the property of the owners and the slave is lent everything, this is the basis of taxation The interactions of individual people in a market are quite simple. People give something in exchange for something else. From these simple interactions emerges the whole global network of trade. This requires no planning or organizing as an organic market place will develop and grow through necessity, unless you impose yourself between the traders and demand part of the trade simply to allow it, like all thieves you must use the threat of violence, kidnap and murder, ideally as a monopoly, to extract your extorted share, and you must control all trades within your own administrative monopoly, otherwise who would willingly pay a thief.
  • Notes on Riba

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    I reject and disown my previous assertion that interest is permissible when used for investment. Reason it is bad In terms of finance theory this makes sense since you are making a moderate return with little to no risk. You get paid before equity shareholders and have a fixed return without any risk, unless you forgo your claim during a default. I also reject the assertion that any fixed interest is permissible. Similarly I reject the notion that this is akin to renting. This has no Quranic basis. Reason it is bad It asks for a return on currency, which is something that can not intrinsically grow in value. Value can only be added to things such as raw materials through the investment and use of labor and capital. If you build a house and charge for the service of tenancy, you are charging for something that has intrinsic value and was built through capital and labor. Every good and service has intrinsic value. Claiming that currency does is like saying that intrinsic value has intrinsic value. Example from calculus The first derivative of 2x ist 2. The second derivative is 0. Currency is 2, whereas everything else is 2x or a polynomial. This essentially is why the god says that trade (e.g. renting) is not like riba (return on lent currency). Let us assume that the currency is USD for the first three examples and gold for the fourth Not riba I can take pure gold and make a ring or watch out of it by investing into or using capital and labor. Now, I sell each ring or watch for more USD than it cost me to extract/buy the raw gold and the cost of labor and capital for each ring. Currency is traded for something that has intrinsic value. In addition, I have added value to something that had less intrinsic value before. Not riba If I buy and sell gold, I can make a profit by buying low and selling high. This is basic trade. The amount of gold does not increase. I have merely found someone who saw more value in it then the person who sold it to me at the time. Although I have not created increased tangible value, currency is traded for something that has intrinsic value. I profited from the subjective increase in value. Intrinsic value can be subjectively different from person to person. 3.a. Riba I lend someone $100 and ask back $110. Currency is traded for currency. I have demanded a return on currency. I am asking for a an increase in the money supply without adding value to the economy. I am also making a risk-free profit. 3.b. Riba (with an extreme example) You own no USD. I own all the USD in the world and loan it to you and charge 1% interest. There is no way you can pay me back with currency. (Currency is gold...) Riba I lend someone 1 kg of gold and ask back 1.1kg or I lend 100 gold coins and ask back 110. The amount of gold has now increased without me adding any value or God creating more gold in the environment. I have demanded a return on currency. Difference between renting an apartment and a mortgage with simple interest Renting Pay fixed sum for service of using something that has intrinsic value and then returning it. You have a place in which to live and are payng for it. Mortgage Pay fixed sum for service of using something that has no intrinsic value and then returning it. You have a place in which to live and are payng for the currency used. Let us free ourselves from rebellious and selfish desires (shaytan) 2275 Those who consume interest do not stand except as one being influenced by the touch of the shaytan. That is because they have said "Trade is the same as usury." Think about all the fools spending beyond their means with credit cards, USA basically forcing you to get debt due to credit scores, student loans burying fools while driving up college tuition fees, mortgages driving up home prices, and not to mention the housing market crash in 2008... If you arent poor, dont spend beyond your means. If you are poor, be steadfast. If you are rich, help the poor. 2276 God wipes out interest and grants growth to charities. God does not like any ingrate, one who drags down potential. Once we realize that we dont need to study in the usa, get a mortgage, etc - then we will get detached from interest. Why do something you cant afford? Why would you charge your fellow man interest for borrowing a couple bucks? - on a worthless currency! Let us remember how serious taking interest is 2278 O you who acknowledge, be conscientious of God and give up what is left of the interest if you are those who have acknowledged. 2279 If you will not do this, then take notice of a war from God and His messenger. However, if you repent, then you will have back your principal money, you will not be wronged nor will you wrong. 2275 ...Whoever has received understanding from His Lord and ceases, then he will be forgiven for what was before this and his case will be with God. But whoever returns, then they are the people of the fire, in it they will abide eternally. Perhaps the collapse of the housing market and the bg financial crisis was a "war from God." And if we pay interest it isnt anywhere close to being as bad as charging it, but it is not ideal 3039 And whatever you may give out in interest so that it might increase people's wealth will bring no increase in the sight of God, whereas all that you give out in purity, seeking God's countenance... For it is they, they that shall have their recompense mul?tiplied!
  • Life without usury

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    Garbage Dollar is a fiat currency imposed upon the rest of the world as a reserve currency after the Breton woods agreement. If you & i play monopoly and I have a paper printing machine I win everytime