The Practical Islamic Finance Podcast
The Secret Wisdom Behind the Prohibition of Riba (interest) in Islam
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► More from PIF: https://linktr.ee/practicalislamicfinance
The Secret Wisdom Behind the Prohibition of Riba (interest) in Islam
It's important to understand the wisdom behind the prohibition of Riba in Islam. Here are 10 reasons why Riba is prohibited in Islam:
1- It's an unfair agreement
2- Economic Inequality
3- Social Harmony
4- Money is directed to the most promising projects first
5- Emancipating the Slaves
6- Moral and Ethical Development
7- Discourages Speculative Bubbles
8- Encourages Savings and Investments
9- Promotes Transparency and Honesty
10- Economic Stability
CONTACT US
salam@practicalislamicfinance.com
ABOUT OUR PODCAST
Our podcast is about helping people ethically build wealth. We cover a broad range of topics including stock and crypto investing, product reviews, and general financial well-being.
DISCLAIMER
Anything you hear in this video is an opinion. It is not personalized financial advice. Make sure you do your due diligence before making any investment decisions.
► Kindly, leave us a good review if you enjoyed the episode!
► More from PIF: https://linktr.ee/practicalislamicfinance
The Secret Wisdom Behind the Prohibition of Riba (interest) in Islam
It's important to understand the wisdom behind the prohibition of Riba in Islam. Here are 10 reasons why Riba is prohibited in Islam:
1- It's an unfair agreement
2- Economic Inequality
3- Social Harmony
4- Money is directed to the most promising projects first
5- Emancipating the Slaves
6- Moral and Ethical Development
7- Discourages Speculative Bubbles
8- Encourages Savings and Investments
9- Promotes Transparency and Honesty
10- Economic Stability
CONTACT US
salam@practicalislamicfinance.com
ABOUT OUR PODCAST
Our podcast is about helping people ethically build wealth. We cover a broad range of topics including stock and crypto investing, product reviews, and general financial well-being.
DISCLAIMER
Anything you hear in this video is an opinion. It is not personalized financial advice. Make sure you do your due diligence before making any investment decisions.