Economic Challenges For Muslims in America - Jamal Badawi
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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. (Duration: 1 hour, 15 min)
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) Q&A: Are Islamic Economics Just Theory? 17) Q&A: Islamic Leasing of Cars? 18) Q&A: Selling Jewelry With An Eye On It 19) Q&A: Investment Alternatives? 20) Q&A: But Islamic Financing Cost More! 21) Q&A: Tax Benefit With Islamic Financing 22) Q&A: How to Explain Why Interest is Forbidden? 23) Q&A: Economic Conventions Can Be Changed 24) Q&A: Can Financing Be Equated to Deferred Payment? 25) Q&A: Is Leasing Haraam? 26) Q&A: Are Some Life Insurance Plans Halaal?