Showing posts with label riba. Show all posts
Showing posts with label riba. Show all posts

Wednesday, February 10, 2021

The Vicious Circle of 'Riba'

 Money, Interest, Banks, Governments & Slavery

 

My dear brothers, sisters and children, for my sermon today I have chosen to talk to you about the evil influence of money and interest which are governed by those behind the scene and who control the banking system as it still exist today as well as government and who strive to have the upper hand of it all to the detriment of the human race. 

Like we have learnt since our childhood, throughout history, there existed various forms of slavery. In the dark ages, people were captured and sold on the slave markets. Thereafter, the colonial masters enslaved entire nations. Today, we have perhaps the most intricate network of enslavement strategies… such strategies that threaten to enslave the entire human race. 

The institution of “Riba” (interest/usury) through financial houses like the World Bank and (the) IMF govern and control practically every developing country in the world. Under the guise of foreign aid, the mineral wealth of an entire country is usurped and every individual directly or indirectly contributes to servicing the foreign debt of his country. A child is born into this world already indebted. Indebtedness is the unique inheritance and heritage bestowed on him by his country. The tragedy is that these injustices not only go unpunished, they go unrecognized. And people find themselves slaves to the permanent institution of such banks and banking systems that are heartless and power thirst. 

Thinkers who knew the inside-out dealings and transactions of such systems have warned us about their dangers. There is a saying [also known as the Stamp’s Law] which is quoted to be that of Lord Josiah Stamp, a director of the Bank of England who made the following statement before he was killed in the German bombing called the Blitz. The saying is as follows: “Banking was conceived in inequity and born in sin. Bankers own the earth. Take it away from them but leave them with the power to create credit and with a flick of a pen; they will create enough money to buy it all back again…. If you want to be slaves of bankers and pay the cost of your own slavery, then let bankers control money and control credit”.

Saturday, November 19, 2016

'Riba': Unjust Enrichment is Illegal

“O you who believe! 
Do not consume usury, 
doubled and multiplied, 
but fear Allah 
that you may be successful.” 
 --(Al-Imran, 3: 131).

“Those who consume interest 
cannot stand (on the Day of Resurrection)
except as one stands 
who is being beaten by Satan
into insanity.” 
  --(Al-Baqara 2: 276).

Interest or more precisely, interest rate is defined as the price of money, the price at which money can be borrowed and determined like other prices by the collusion of the forces of supply and demand. Originally usury was any premium we had to pay against the use of currency. Nowadays, usury also means the practice of asking for a very high interest premium through borrowing as well.

The verses which I recited consist of an injunction for mankind – especially Muslims – that represents and severely condemns the practice of usury or interest. Thus any transaction relating to usury (i.e. Riba) is illegal, as well as all transactions acquired by illegal means; Transactions such as: bribes, fraudulent transactions, gambling, bank interest, etc.