
Originally Posted by
mogamadza
We pray that Allah guides the learned Assistant Mufti Vawda to a better way than this, never in any of Moulana Imran Hosein's extensive visits to South Africa have I ever heard him using such disrespectful words for even his harshest critic. Im shocked.
The eradication of Ribah from the economy in Arabia, was achieved by a three stage process, as can be determined from the the chronology of the revelation of verses regarding it, in the Glorious Quran.
Perhaps from a juristic point of view the ideal is to derive absolute judgment on a matter and then declare it as halal, haram, makhrouh etc, and from this point of view the Mufti may have miss-understood the synopsis of one issue in a larger body of work, presented in the original question.
While Moulana Imran considers paper money to be Haram, he also recognises that it is very difficult to simply stop using it.
He advocates the use of the process used in the Quran to rid oneself and an economy (micro or macro) of Ribah.
The first stage is the recognition of the seriouness of Ribah and its function in the things we have become accustomed to, then a mass program of public education around these matters - public education, not unenforceable fatwa's.
The other two stages are a bit more complex, but there are others (like Murabitun) who have allready reached this point (to a certain degree.)
In the 2nd stage there is an embargo on all new ribah transactions but existing ribah based transactions (loans and agreements made before this stage) are allowed to continue. So here, for example, you can keep the paper money you have, but would convert all new paper money to Gold Dinars, as well as work towards converting the savings you have. etc
The Third stage entails the final ban on all ribah transactions, new or old and at this stage the paper money would be totally haram and disallowed in the economy. The last two stages may only be possible in a community that is obedient to their Amir and who have control of territory and the economy in that territory - even the size of a village.
Beware that this is a very simplified version of the stages, for a simple understanding of the topic only.
The learned Mufti unfortunately reveals a flaw in his extensive knowlege on the subject, by assuming that you would need as many coins as there are units printed on paper money - hence his reference to the "trunk of coins", a common, yet defective argument in this matter.
Considering that from South Africa, it costs around R 25 000 per person to perform Hajj, the ~37 Gold Dinars needed (@R680 each) would easily fit in a little purse!
And this is not even taking into account the devastating effect that ribah has had on the price of goods - they call it inflation. For example a chicken in the time of the Prophet cost 1 dirham, today it still costs (more or less) the value of one dirham ( around R26 ). The price in Rands, however has increased from around ~R 11/kg, ~10 years ago to the current price of ~R26/kg !
Measure the paper money value of anything else over time and you will see the same effect - Hajj in year 2000 - R 15 000 per person, Hajj in 2007 - R 25 000 to R35000 per person!
The perplexing nature of modern economics is such that few grasp it fully - How many times have you seen "Senior Economists" on TV, saying they really dont know why the exchange rate is dropping so badly, or why inflation is so high this year, or why in Zimbabwe you now need almost 3million Zimbabwe Dollars to buy a bread! and these responses come from those who have studied the modern capitalist economy for 7 years, just to receive a basic degree!
My point is that is a complex subject and while the learned Mufti may have vast experience and knowledge in Islamic Sciences, perhaps, and with respect, his understanding of economics is a bit rusty in certain places.
Abu Hajira, as you are closer to the Mufti, I would like to know his opinion on something within his realm of knowlege: (its related to the topic)
Question : Why did the Prophet allow the unequal and delayed transaction for the camels but prohibit it for the dates?
[Note that this question is for the Mufti/ Abu Hajira only, I would appreciate it if only they would try to answer it.]
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Lastly brother, I do appreciate your input on the discussion and understand that some of the words are not yours, please accept my post in the spirit of humility, enquiry, learning and sharing in which it was prepared..
Go in peace,
Mogamat
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