Insurance Videos: 04/24/07

Tuesday, April 24, 2007

Buying a Car or Home Without Riba (Interest)

"Economic Challenges For Muslims In America" by Jamal BadawiPurchase the full-length lecture at www.MeccaCentric.com or call 1-800-607-9810Another major area of concern for Muslims in America is examined in-depth by Dr. Badawi. He provides possible solutions for three major economic challenges: selling things that are forbidden, the question of riba (is it the same as interest?), and the question of insurance. Then he briefly touches upon the following areas: indirect riba, saving plans and pensions, student loans, working in banks, and interest that is accrued on bank accounts.Other topics discussed: leasing cars, leasing a house Islamically but paying more for it, non-Muslims and their argument for interest, paying over time (deferred payment), and leasing equipment.

Technorati: badawi banking economic finance haraam haram interest islam jamal lease money mortgage riba ribaa ribah tax