منتديات سودانيزاونلاين    مكتبة الفساد    ابحث    اخبار و بيانات    مواضيع توثيقية    منبر الشعبية    اراء حرة و مقالات   
News and Press Releases    اتصل بنا    Articles and Views    English Forum    ناس الزقازيق   
Welcome Guest [Login]
Your last visit: 12-18-2018, 07:41 PM Home

Discussion Board in English The Objectives of the Prohibition of Riba By: Elhadi Habbani

Printable Version   Forward   Flat View « Previous Topic | Next Topic »
Jump to newest reply in thread »

The Objectives of the Prohibition of Riba By: Elhadi Habbani

12-22-2013, 04:45 AM
الهادي هباني
<aالهادي هباني
Registered: 06-17-2008
Total Posts: 2787






Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani (Re: الهادي هباني)

    Theories in Prohibition of Riba;
    There are some theories and arguments propounded by some writers trying to legalize Riba in some types of loans by sectors or segments of the economy or specific type of interest; such like consumer loans versus investment loans, Individuals Versus Institutions, compounding versus simple interest, and nominal versus real rate of interest or return. The paper will briefly discuss these theories as follows:
    Consumption Loans Versus Investment Loans (Al-Darurah):
    The supporters of this argument distinguish between consumer loans refereeing to the financing individual consumption needs like homes, furniture, electronics and electrical equipments, and investment loans referring to corporate or commercial loans or any financing to the business sectors. They ban Riba or interest on individuals consumer loans and legalize it on corporate or businesses financing.
    They argue that the main reason of prohibiting Riba in Quran is to dampen unnecessary consumption and encourage production which will create new job opportunities and minimize the unemployment percentage to the minimum acceptable levels, foil any kind of economical misuse of poor people, support development, economize the minimum acceptable standard of living, and economic stability for the whole society. They support their argument by claiming in the pre-Islamic period and even in the early years of Islam borrowing for commercial purposes was not carried out, and consumer loans were the only dominant kinds of financing therefore, Riba or interest on commercial loans is not prohibited.
    The opposite criticism of this theory by different traditional and even modernists writers claim that even if Riba on commercial loans were not practiced at that time when the prohibition of Riba was not made, Riba in commercial loans is still prohibited. They support their standpoint by saying that most kinds of alcoholic beverages available today did not exist in the time liquor prohibited. Yet all kinds of liquor still prohibited and will remain prohibited in future. Beside there are many evidences that commercial loans were widely dominant during that time. The circumstances The location of Makkah as a focal point of trading at that time, and the trade of Quraish, Riba Al-Abas within which he granted loans to farmers and merchants not at all to individuals, all tend to support to the argument that loans were also practiced in businesses at that time.
    So, the conclusion of this debate is that the prohibition of Riba in Islam is for both individual consumer loans and corporate loans.
    This theory is also called, by other modernists the theory of Al-Darurah, said Dr. Engku, "The third theory is the theory of Al-Darurah (necessity) and changing circumstances, in which, its propounders claimed that Riba is only prohibited on consumption loans not production loans. Thus, because of necessity and changing circumstances, interest rate becomes permissible. This has also been proven to be faulty because historically, the practice of giving loans for production was common since Al-Jahiliyah and thus, is included in the prohibited Riba Al-Jahiliyah. Also, the idea of necessity which the propounders of this theory tried to build is inconceivable since necessity cannot be imagined to dominate the whole system, as Abu Zahrah said "… necessity is only found in individuals, because if not, then it means that the whole society needs al riba like need of starving person to eat the dead …" .
                  

Arabic Forum

Title Author Date
The Objectives of the Prohibition of Riba By: Elhadi Habbani الهادي هباني12-13-13, 07:45 PM
  Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani الهادي هباني12-13-13, 07:51 PM
    Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani الهادي هباني12-13-13, 07:53 PM
      Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani الهادي هباني12-16-13, 11:01 AM
        Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani الهادي هباني12-19-13, 05:52 PM
          Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani الهادي هباني12-19-13, 06:01 PM
            Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani الهادي هباني12-19-13, 06:05 PM
              Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani الهادي هباني12-19-13, 06:20 PM
                Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani الهادي هباني12-19-13, 06:27 PM
                  Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani الهادي هباني12-19-13, 06:28 PM
                  Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani الهادي هباني12-19-13, 06:28 PM
                    Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani الهادي هباني12-22-13, 04:45 AM
                      Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani الهادي هباني12-23-13, 06:57 PM
                        Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani الهادي هباني12-26-13, 03:48 AM
                          Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani الهادي هباني12-26-13, 03:52 AM
                            Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani الهادي هباني01-02-14, 07:18 PM
                              Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani الهادي هباني01-02-14, 07:19 PM
                                Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani إبراهيم عبد العزيز عثمان01-03-14, 03:41 AM
                                  Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani الهادي هباني01-12-14, 11:28 AM
                                  Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani الهادي هباني01-12-14, 11:29 AM
                                    Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani الهادي هباني01-12-14, 11:33 AM
                                      Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani الهادي هباني01-12-14, 11:41 AM
                                        Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani الهادي هباني01-18-14, 09:50 AM
                                          Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani الهادي هباني01-22-14, 10:24 AM
                                            Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani الهادي هباني01-25-14, 05:12 PM
                                              Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani الهادي هباني01-25-14, 05:14 PM
                                                Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani الهادي هباني01-25-14, 05:16 PM
                                                  Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani الهادي هباني01-25-14, 05:18 PM
                                                    Re: The Objectives of the Prohibition of Riba By: Elhadi Habbani الهادي هباني01-25-14, 05:19 PM

[Post A Reply] Page 1 of 1:   <<  1  >>

Comments of SudaneseOnline.com readers on that topic:

The Objectives of the Prohibition of Riba By: Elhadi Habbani
at FaceBook
Report any abusive and or inappropriate material



فيديوهات سودانيزاونلاين Sudanese Online Videos
Latest Posts in English Forum
Articles and Views
اراء حرة و مقالات
News and Press Releases
اخبار و بيانات
اخر المواضيع فى المنبر العام
صور سودانيزاونلاين SudaneseOnline Images
ويكيبيديا سودانيز اون لاين
Sudanese Online Wikipedia



فيس بوك جوجل بلس تويتر انستقرام يوتيوب بنتيريست Google News
الرسائل والمقالات و الآراء المنشورة في المنتدى بأسماء أصحابها أو بأسماء مستعارة لا تمثل بالضرورة الرأي الرسمي لصاحب الموقع أو سودانيز اون لاين بل تمثل وجهة نظر كاتبها
لا يمكنك نقل أو اقتباس اى مواد أعلامية من هذا الموقع الا بعد الحصول على اذن من الادارة
About Us
Contact Us
About Sudanese Online
اخبار و بيانات
اراء حرة و مقالات
صور سودانيزاونلاين
فيديوهات سودانيزاونلاين
ويكيبيديا سودانيز اون لاين
منتديات سودانيزاونلاين
News and Press Releases
Articles and Views
SudaneseOnline Images
Sudanese Online Videos
Sudanese Online Wikipedia
Sudanese Online Forums
If you're looking to submit News,Video,a Press Release or or Article please feel free to send it to [email protected]

© 2014 SudaneseOnline.com


Software Version 1.3.0 © 2N-com.de