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📖 Study with Ustadh AbdulAziz Al-Haqqan, live and free: https://www.sokacademy.com/live?utm_source=youtube&utm_medium=description&utm_campaign=riba&utm_content=riba-l2-c1 Is there riba in cryptocurrency? Ustadh AbdulAziz Al-Haqqan explains why the saying that riba is only in gold and silver would leave money and crypto with no riba at all, why the strongest saying applies riba to anything people treat as currency, as Shaykh Ḥamad al-Ḥajrī and Shaykh Sulaymān al-Ruḥaylī hold, and how the other view would turn crypto into a trick to escape usury. From Lesson 2 of Issues Regarding Riba. 📖 https://www.sokacademy.com (online academy) : Courses taught by Sheikh AbdulAziz Al-Haqqan following the literature of the prominent scholars of Islamic history 📱Social Media of Ustadh AbdulAziz Al-Haqqan حفظه الله : https://linktr.ee/gardenofilm Therefore, riba can only be in gold and silver. Imagine if we said so, then there is no riba in money. And there is no riba in cryptocurrency. And there is no riba. Imagine that. The other party in regards to the saying, they said everything that people considered to have value and it is used as currency, riba applies to, and it is commonplace with people. And this is what is correct, ya ikhwah. And this is the overweighing saying and the strongest saying. And this is the saying of many of the people of ʿilm and our mashāyikh and ʿulamāʾ like Shaykh Ḥamad al-Ḥajrī and Shaykh Sulaymān al-Ruḥaylī and others that spoke about these matters and as well as others and from their mashāyikh and their mashāyikh. Therefore, anything that we classify to be like gold and silver in this sense as a value and currency, then we give it the same ruling, riba applies to it. So we apply it to money, cryptocurrency and so on. And imagine, ya ikhwah, with me, if cryptocurrency was, imagine with me, if this was not the case. Then people would escape usury by doing what? By dealing in usury with cryptocurrency, correct? That's what people will do. So say, khalas, let's just use cryptocurrency. Then this becomes trickery. Seek knowledge for free with us live: https://www.sokacademy.com/live?utm_source=youtube&utm_medium=description&utm_campaign=riba&utm_content=riba-l2-c1 #Riba #Cryptocurrency #IslamicFinance #SOKAcademy #AbdulAzizAlHaqqan
