

War on RIBA, Building Wealth and Halal Mortgages | Dr. Sajid Umar
14 snips Dec 20, 2024
Dr. Sajid Umar, an esteemed Islamic scholar and expert in Islamic finance, shares his journey from founding a business at 20 to becoming a judge in Saudi Arabia. He discusses the challenges of avoiding Riba while building wealth in the West. The importance of ethical investing and community financial stability through Zakah is highlighted. Dr. Umar also addresses speculative practices in finance and the complexities of insurance in alignment with Islamic principles. His insights provide a roadmap for financial success that respects faith.
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The Jinn Confession
- Dr. Umar shared a story about a murder case where the accused seemed to confess readily.
- Upon further investigation, the judge realized the accused was possessed by a jinn, who then confessed to the crime.
The Forged Letter
- Dr. Umar recounted a land dispute case where a forged letter was presented as evidence.
- The judge, sensing deception, offered the claimant a chance to confess, leading to an immediate admission of guilt.
Secular vs. Islamic Law
- Secular law primarily addresses worldly matters, while Islamic law considers both worldly and afterlife implications.
- This fundamental difference creates inherent incompatibilities between the two systems.