Economic Challenges For Muslims in America – Jamal Badawi

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1) True Survival
2) True Success
3) Why Economics Are Relevant
4) We Must Have Our Priorities Straight
5) Lecture Overview
6) Selling Things That Are Haram
7) Riba (Interest)
8) Buying a Car
9) Buying a Home
10) Insurance
11) Can Muslims Avoid Riba (Interest) Totally?
12) Savings and Pensions
13) Student Loans
14) Working at a Bank or Insurance Company
15) Interest-bearing Accounts
16) Are Islamic Economics Just Theory?
17) Leasing of Cars? / Selling Jewelry With An Eye On It
18) Investment Alternatives?
19) But Islamic Financing Cost More!
20) Tax Benefit With Islamic Financing
21) How to Explain Why Interest is Forbidden?
22) Economic Conventions Can Be Changed
23) Can Financing Be Equated to Deferred Payment?
24) Is Leasing Haram?
25) Are Some Life Insurance Plans Halal?

Info

Do we really understand our responsibilities regarding wealth? If we are sincerely striving to please Allah, then we must be concerned with our financial dealings. But in societies and systems where interest is the rule of the day, how are we able to participate without compromising our cherished Islamic principles? Jamal Badawi examines this issue by providing possible solutions for three common economic challenges: selling things that are forbidden, the question of riba (is it the same as interest?) and the question of insurance. He then briefly touches upon the following areas of concern: indirect riba, saving plans and pensions, student loans, working at a bank or insurance company, and interest accrued on bank accounts. Other topics discussed: leasing cars, paying more for Islamic financing, deferred payments, leasing equipment, how to explain why interest is haram, and if Islamic economics are just theory. (Duration: 1 hour, 15 min) Jamal Badawi is professor of management and religious studies at St. Mary’s University in Nova Scotia. He is a well-known author and speaker on Islam who appears often on TV and radio. He serves on the board of CAIR-Canada and is also a member of the Fiqh Council of North America and the European Council for Fatwa and Research.