Abdullaziz Bin Abdullah Bin Baz
Language: English | Format: PDF | Pages: 47 | Size: 1 MB
Important Warning Against Ribaa ( Usury and Interest ): This is
an advice from the previous Grand Mufti in Saudi Arabia in regard to
Riba (usury) transactions that have proliferated in the recent times
through the numerous financial institutions that have been established
throughout the world.
Publisher’s Note
This is a short rebuttal of a research
written by Dr. Ibraahim bin Abdullah AnNaasir, in which he tried his
best to show the permissibility of most types of Ribaa (usury and
interest) transactions that have appeared in recent times in the
numerous financial institutions of the world. Hence, we thought English
speaking Muslims would benefit from this translated response by Shaikh
Abdul-Aziz bin Abdullah bin Baz, one of the noted scholars of our time
and a staunch supporter and defender of the Manhaj of the Righteous
Predecessors (As-Salaf As-Saalih). Shaikh Ibn Baz’s response is a
refutation of the misguided effort of Dr. Ibraahim An-Naasir to allow
Ribaa transactions.
The Manhaj (way, method) of As-Salaf
As-Saalih (meaning the Companions and the following two generations of
Islam) has been blessed in our time by the presence of several noted
scholars of Hadeeth and Islamic Jurisprudence (Filth). These scholars
combine both vast knowledge in the religion and firm adherence to the
Qur’an and the Sunnah according to the way the Salaf understood and
implemented them. Shaikh Ibn Baz is one of these scholars and firmly
advocates the Manhaj of the Salaf through his lectures, writings and
rebuttals of misguided ideas and deviant opinions, such as this
research. We ask Allah to reward our scholars and to raise high the flag
of the Salaf and their Manhaj.
This short response by Shaikh Ibn Baz
that asserts the strict prohibition of all types of Ribaa transactions
comes at a time when several so-called scholars are issuing Fatwas
(religious decrees) allowing some and even most types of Ribaa. These
false, deviant and erroneous Fatwas are especially welcomed by some
Muslim communities and individuals who live in non-Muslim countries and
who often end up imitating the ways of the Kuffaar (disbelievers) in the
societies in which they live. Such people quickly embrace the misguided
Fatwas that allow Ribaa, because they think that these Fatwas legalize
and justify their indulging in the various types and forms of Ribaa that
exist in the present time. I ask Allah to benefit these Muslims and the
rest of the Muslim Ummah (nation) with this rebuttal so that they all
refrain from indulging in Ribaa, in particular, and in all that Allah
has forbidden for them, in general. I also ask Allah to bless the
efforts of our scholars who surely face tremendous challenges in recent
times, often defending the religion of Allah and His stated limits on
several fronts at the same time. They defend the religion against
various kinds of attacks by the enemies of Islam and the innovators in
the religion. In particular, I ask Allah to grant His best rewards to
Shaikh Abdul Aziz bin Baz, who wrote this rebuttal, Shaikh Muhammad
Nasir ud-Din AlAlbani, Shaikh Muhammad bin Salih AlUthaimin and the rest
of the scholars in general who follow the Qur’an, the Sunnah and the
understanding of the Salaf As-Saalih. Aameen.
Introduction
All praise is due to Allah, Whom we thank
and seek for help and forgiveness. We seek refuge with Allah from the
evils of ourselves and from the wrongdoing of our actions. Whomever
Allah guides, there is none who can mislead him, and whomever He leaves
astray, there is none who can guide him. I testify that none has the
right to be worshipped but Allah, and that Muhammad is His slave and
Messenger.
“O you who believe! Fear Allah as He deserves to be feared, and die not except as Muslims.” (3:102)
“O mankind! Fear your Lord, Who created
you from a single person (Adam), and from him (Adam) He created his wife
(Eve), and from them both He created many men and women, and fear Allah
through Whom you demand your mutual (rights), and (do not cut the
relations) of the wombs (kinship) ! Surely, Allah is Ever an All-Watcher
over you.” (4:1)
“O you who believe! Fear Allah, and say a
correct word that is correct (i.e. the truth). He will direct you to do
righteous deeds and forgive you your sins. And whoever obeys Allah and
His Messenger, he has indeed achieved a great achievement.” (33:70-71)
To proceed: Verily, the best speech is
the Book of Allah, and the best guidance is the guidance of Muhammad.
The worst matters are newly invented matters (in the religion), and
every newly invented matter is an innovation (Bid’ah), every innovation
is a misguidance, and every misguidance is in the Hell-fire.
–
Table of Contents
1. Publisher’s Note
2. Introduction
3. My work on this book
4. Shaikh Ibn Baz said
5. The rebuttal
6. Allah will bless the Muslim economy as long as the Muslims govern by His Law
7. Economic preeminence does not require Ribaa
8. Financial institutions can and do survive without Ribaa
9. They call Ribaa as ‘Al-Faa’idah’, ‘Interest’, etc.
10. Ribaa is forbidden because Allah has forbidden it
11. What Allah has forbidden does not benefit mankind
12. Ribaa is a prohibited type of transaction
13. Qiiyaas is only, allowed where there are no texts in the Qur’an or Sunnah
14. Ribaa is forbidden any way you look at it
15. Allah has allowed the transaction called As-Salam
16. The Muslim economy does not need Ribaa transactions
17. The Muslim economy needs to implement Allah’s Law to survive and flourish
18. Comparing the Haraam to the Halaal to justify the Haraam is forbidden
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