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Thursday, 17 February 2011

Buying a Car or Home Without Riba (Interest)

Website - www.MeccaCentric.com MeccaCentric - Producing videos about Islam and Muslims on DVD. Islamic lectures, speeches, talks and sermons are also available on audio CD. "Economic Challenges For Muslims In America" by Jamal Badawi Purchase the full-length lecture at http or call 1-800-607-9810 Another 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.

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