Can the 5% Impure Income Threshold Ever Be Justified? | Shariah Scholars' Podcast Episode 1

Comments · 54

• MO

  @Mohammed-ej5ix · 1 month ago (edited)

  Mufti Faraz’s ten points - let’s evaluate each one.<br><br>1. Talks about intention being the main thing.<br><br>Then goes onto use an analogy of someone selling grapes to the buyer where the seller knows the buyer is going to use it for alcohol. How is this a like for like analogy? The seller is not responsible for what the buyer does with the grapes, seller is selling a halal product end of. <br><br>With investing you might not intend for the company you buy stocks in to make impure income or borrow interest bearing loans but you know that’s what they are doing and CHOOSING to be a participator by buying its shares.<br><br>Credit cards, most don’t intend to pay interest in it so does it make it halal? Most scholars will say it’s still haram because contract is impermissible. They won’t say intention here matters.<br><br>2. You have no say and control. <br>Well you have a say in investing or not. Silly argument. It’s like saying I wanna work in a restaurant that sells alcohol and it’s a large amount of their income. If I say, yeah I tell the Muslim owners to stop selling but why would they listen to me, does it make it okay to work there? Most scholars I’m sure will say try to find another job at a restaurant that doesn’t sell alcohol. Point proven. <br><br>3. We are losing money because of inflation. <br><br>I’m not sure on this from a fiqhi position. <br><br>Salah example that Mufti used, well that because someone is stealing your wealth. Inflation is hardly stealing your wealth level. Just losing some value due to cost of goods increasing. Laughable how you can even think about equating the two. <br><br>Invest in Gold as it’s fully halal, invest in trade, invest in something else that fully halal. <br><br>How’s investing in stocks a necessity or need? Absolutely baffled. <br><br>4. Isn’t this the same as 3? No control and say in the company. See my comments above.<br><br>5. Using analogy of buying clothing with impurity - the sale goes through. Well a t shirt can be washed and fully pure now. <br>Stocks cannot be washed and made pure. The impremissiblity element will always be impermissible. Cannot be washed away.<br><br>Can you the therefore buy a burger which has a small amount of pork? You can throw it away but the burger will be contaminated and you can’t make this burger halal in any way.<br><br>6. Same point again about having no control so liability is not on you. <br>How about you don’t buy the stock to begin with?<br><br>7. Genuinely confused here. If you buy stocks in a company okay you don’t own the assets but you are part owner of the company. A interest bearing debt is a liability not an asset so how does this even make sense. Income from impure activities, okay you don’t own the individual bottles of alcohol that’s being sold but you won the company that’s selling it. Why would you CHOOSE to buy stocks in this company?<br><br>8. Examples used of buying a newspaper or magazine or real box which may have some pictures with awrah showing. <br><br>Firstly you have control over what to do with the awrah. You can dispose of it immediately. With stocks you can’t dispose the haram element. You can on the earnings you make but the haram income will always still be there. <br><br>Secondly if you definitely know a magazine has impermissible pictures let’s say like the sun newspaper page 3, then why would you even buy it?<br><br>9. So if urine is mixed with water at 49% urine and 51% water, majority is water so does this then become permissible? I think not.<br>Also imagine using these breast milk and water analogies for purchasing shares lol is this how bad our critical thinking is?<br><br>10. This Hadith is talking about evil or impure elements in trade that you can fall into WITHOUT KNOWING. Here you do know with the stocks and shares.

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• GM

  @gmtcoat-se7xh · 1 year ago

  This was very useful. Please can you make a video discussing the 30% re interest ratio? Jazakallah khair

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• MU

  @muslehmusab · 1 year ago

  Jazakumullahu khayran to both of you

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• AM

  @amoo6933 · 1 year ago

  But that 5% interest has made its way into the profits you have made. You have know way how much profit has been affected. Secondly you have already made the intention of taking part in an interest based business

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• LE

  @Lesteri3174 · 1 year ago

  ما شاء الله <br>As always…Mufti Faraz is the best in explaining in such a way that even people not in finance can clearly understand.

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• SA

  @sabriaconsulting · 1 year ago

  Wonderful !! Allahi jazikoum bikheir !

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• AS

  @asadshafiq3916 · 1 year ago

  Very informative jazakAllah

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• FR

  @FreeBunny96 · 1 year ago

  This was a great discussion though ❤ but please have the same discussion on 30% loan / debt ruling.

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• AF

  @aftabalam7216 · 1 year ago

  very useful

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• AL

  @almomujki5499 · 2 weeks ago

  At first I researched about this and had many questions. After research my questions became bigger and after that I am convinced nearly all stocks and etfs are haram.<br>My researched not even based on the opposite opinion, I wanted to understand the 30% and 5% rule.<br>And as a muslim you have to have always to think with taqwa.<br>And after I saw these scholars argue about that and giving us really questionable comparisons I am even more convinced its not permissible.<br><br>So I researched if its even kosher.<br>And guess what: they have similar comparison and they also have the same mindset.<br>If we saw that from them? Maybe.

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• MA

  @masifkhan. · 1 year ago

  The Messenger of Allah, peace and blessings be upon him, said, “You will surely follow the path of those before you, step by step and inch by inch. If they entered a lizard hole, you would follow.” We said, “O Messenger of Allah, do you mean the Jews and Christians?” The Prophet said, “Who else?”<br><br>Source: Ṣaḥīḥ al-Bukhārī 3456, Ṣaḥīḥ Muslim 2669

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• MO

  @moka_3377 · 1 year ago

  Well what about the interest, how are we jusitfying this?

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