Warning Of Quran Against Usury And Interest Based Financial Systems

April 25th, 2015

When people say Islam bestows humanity with a comprehensive action plan regarding every field and aspect of life, it really means every aspect of it! Though this might sound too much to many people based upon their so much information about so many things, but the most important factor they undermine while coming up with such a conclusion is their lack of knowledge regarding the solution Islam offers.

Yes, this happens to be one of the biggest reasons behind people’s disagreement with Islam, i.e. they simply do not know much about Islam. Most of their decisions are based upon biasness against Islam, influenced by mass media campaigns portraying Islam against the truest of its teachings.

Talking of solutions Islam provides about different aspects of life, financial management is one of the major of those. We see countries all around the world following the conventional banking system based on -interest (usury)- which is against the teachings of Islam.

The following verse clearly defines Quran teaching about it:

Al-Baqara [2:275] Those who devour usury will not stand except as stands one whom the Evil One by his touch hath driven to madness. That is because they say: “Trade is like usury, but Allah hath permitted trade and forbidden usury. Those who after receiving direction from their Lord, desist, shall be pardoned for the past; their case is for Allah (to judge); but those who repeat (the offence) are companions of the Fire: they will abide therein (for ever).

This verse clearly defines what Allah’s teachings regarding the principles of trade are, i.e. it should be free of usury. However, today’s conventional banking system is totally based on -interest- or -usury-. On a closer look, you come to know that this is something leading the whole of modern-day banking system to a total collapse.

Though it sounds bitter to believe, but this is a fact too obvious to conceal beneath the carpet. Just have a look at what has happened to the American banking system in last few years. It is moving swiftly towards a closed end. The reason is simple, the financial system based upon the principles of usury and interest can be of little good to humanity.

The present day banking and financial system serves nothing more than a cleverly disguised tool of accumulating money in just few hands, making sure to restrict the means of equal and fair distribution of wealth among whole society.

For that, Allah Almighty encourages charity as against usury, and conceals financial betterment of the givers as well as takers of charity. Consider the following verse of Holy Quran in this regard: Al-Baqara [2:276] Allah will deprive usury of all blessing, but will give increase for deeds of charity: for He loveth not creatures ungrateful and wicked.

Now, you may be able to connect pieces of the puzzle altogether. Allah Almighty clearly informs humans that usury will be deprived of any kind of blessing, meaning that the financial and banking system living on the crutches of usury will have to die one way or the other. What we have to realize that Islam has got the solution to all our worldly needs, in addition to guiding us towards the path of eternal enlightenment in the life hereafter. All we need to do is resort to the teachings of Allah Almighty in Qur’an and hadith to make this life and that life convenient for us.

If you want to read more Articles regarding to Islam and Quran, you can find all here: Quran Reading is an online Islamic School, Quran education services online. The school also teaches Holy Quran Recitation and Quran Reading with translation. Learn All about Islam and Quran Online Islamic Articles by visiting our Quran reading blog.

Tags: , , ,
Posted in Finance | Comments Off on Warning Of Quran Against Usury And Interest Based Financial Systems

Financial Concerns And Fitness

April 12th, 2015

Getting your finances in order doesn’t seem like it would be a lifestyle change for fitness benefits, but it really can be. Just think of the role that money plays in your everyday life. You worry about money and end up facing financial hardships that move into your work life, your home life, your marriage, and even your physical health.

Financial fitness isn’t something that we’ll stress for too long here, but it is something to make part of your overall guide to living a long, healthy lifestyle.
As you know, stress causes a wide range of health concerns for your body. Money is one of the largest causes of stress in people every single day.
Therefore, when you want to improve your well being and health you need to take into account the fitness of your overall financial life. In the perfect world you would have plenty of money to do what you want to do. But, that’s not always possible. So, to help you, we’ve put together some things that can offer you success when managing your financial outlook even when you are struggling to make ends meet.

Live within your means. While it’s nice to have what everyone else has, its not going to make your life better to have them. For example, if your neighbors just purchased a new car, you may feel like you need to have one too. But, will having a new car really improve your life? Then it may not be worth the financial risk and cost to own one.
Don’t use credit. Credit today is used for everything from buying a house or car to buying lunch at McDonald’s. While you may need to use credit for the larger, more expensive purchases, keep as many of your other purchases credit free. This may be hard, but if you stop using credit today and start using cash, you may find yourself with more cash to spend then credit!
Make a budget with your entire family. It goes without saying that you can’t spend what you have if you don’t know what you have. Each month make a goal of tackling one extra bill to pay it down as much as possible. Give yourself some money to use as you want for entertainment each month too, so that you don’t feel deprived. You are more likely to stick with your budget this way. Include each family member in the making and keeping of the budget!

Don’t eat out. This isn’t good for your waistline anyway! You can save thousands of dollars each year by eating at home! You’ll cut the pounds off, eat better quality foods and better recipes!

Getting your finances in check may mean talking with various people including your lenders and financial planners. But, if you didn’t have to pay all of those credit cards each month, how much money would you have in cash to spend? Get to that point and you’ll have immeasurable success throughout all areas of your life, too.

Posted in Finance | Comments Off on Financial Concerns And Fitness

month loans-Attractive and effective financial aid for you

March 12th, 2015

If you are compromising to meet your financial needs due to less and limited monthly income, take the assistance of additional finance. Do not ignore your financial expenses and desires and get applied with the reliable and affordable financial aid called 6 month loans. These loans are swift and stress free monetary aid that let you overcome your bad financial time. There could be no hassle if you are having no collateral, check this loan aid for better and swift loan aid.

6 month loans do not let you undergo any collateral demand and thus make the application and approval quick and swift in nature. The loan money that you are allowed to pledge can be ranges from 100 to 1500 with simple repayment tenure of 6 months. No collateral demand takes away all the mess and hassle from the application and approval of loan. One can meet all his financial needs and desires such as meeting his medical care costs, paying off sudden car damage repairs, small travelling expenses, go out on weekends, small wedding expenses, get a television for your home and so on.

You may suffer from bad credit factors due to some past credit mistakes. However, no matter whether you are a good creditor or bad creditor, you can enjoy the assistance of 6 month payday loans without any credit issues. CCJ, arrears, defaults, bankruptcy, foreclosures, skipped payments etc. do not affect the approval of loan. The applicant does not have to face the credit mess irrespective of holding any type of credit scores. No discrimination and no risk have to be faced.

Use the internet for the swift and quick financial approach. There are numerous lenders available online offering the deal at varied rates. Comparisons and negotiation with the lender proves fruitful in lowering down the rates. Just fill a single online application form and submit it to the lender. Lender approved your application and sends you the loan money in least possible time.

Whenever you face some unforeseen and troubled financial situation, check out 6 month loans for better approach. It would bring an instant financial support that quickly covers your monetary crisis without a mere fuss. Thus, when you are unable to meet your financial needs that arises between two of your consecutive paydays, this is an effective and worth applying loan option for you.

Tags:
Posted in Finance | Comments Off on month loans-Attractive and effective financial aid for you

People Having Worst Past Finance Record Apply For Financial Aid Through Internet

March 8th, 2015

It is very hard for those peoples whose past finance history is not good; most of the financer denies their applications in one go. This makes the situation of person more worse when some unexpected comes on his head. But money providers these days came up with the financial services which are granted without any type of verification. These financial services are really boon for people having worst finance history because of their past mistakes. Now it is very easy for these kind of peoples to avail funds and meet their expense in an easy manner. These financial aids provide money quickly without looking into their past records. On the other hand to avail these aids you have to pay high rate of interest. So its up to you to be smart and avail these services through lender who is charging less rate of interest.

These finance aids are for short-time period and they get granted very quickly and are very helpful to the person who is availing these aids by fulfilling his urgent requirements. You are free to use amount you get through this services any way you like, pay your pending bills, pending debts etc. The funds you get is totally based on your current earning and your repayment ability. The repayment duration of these financial aids is very less say fifteen days or a month, and you have repay the borrowed amount in the stipulated time period to save yourself by paying extra penalty in case of late payment. By paying the amount back on time will lead to increase your financial rating which will prove very helpful in future for you.

Under these same day loans no credit check

Posted in Finance | Comments Off on People Having Worst Past Finance Record Apply For Financial Aid Through Internet

Secrets To Financial Success 3 Keys To Taking Control Of Your Finances

March 7th, 2015

The secrets to financial success are finally at your fingertips! No longer will you have to wonder about how other people do it. No longer will you have to deal with financial failure time and time again.

Read this article and find out the keys to financial success!

Secret to Financial Success # 1: Make Sound Decisions.

Hasty decision making rarely ever does anybody any good. It robs you of the ability to look at a situation sensibly.

If a genie were to suddenly appear before you offering three wishes but under a time limit, you would probably end up wishing for something that will only make you happy short-term, like a million dollars perhaps.

But if you had all the time in the world to think of what to wish for, you would be able to ask for something that could sustain you for a lifetime.

Secret to Financial Success # 2: Dont Put All Your Eggs in One Basket.

One of the keys to financial success is to invest wisely. There have been far too many stories of people putting their savings or their retirement money on the line for a chance to win big in the stock exchange market, or in a business that promises huge returns.

It’s a fact that nothing in this life is certain. A good hunch is still a hunch. Im not discouraging you from following your instinct. But make sure you dip your feet into the pool first instead of jumping right in.

Secret to Financial Success # 3: Manage Debts Properly.

Debts can very easily pull you down if you are not careful with your planning and decisions. But not all debts are bad.

In fact, credit card debts can be a good thing because you can pay for things without having to shed money immediately, and instead have that money earning interest in the bank for the time being. Plus you get to earn some points! Just remember to pay them when they’re due.

These secrets to financial success have been used time and time again by individuals who want to expand their wealth. You dont necessarily have to have a lot of money to begin with in order for you to win it big in life.

You only need to use your common sense. Dont decide on anything without even doing proper research. Dont bet all your money on one horse and manage your debts properly.

Tags: , ,
Posted in Finance | Comments Off on Secrets To Financial Success 3 Keys To Taking Control Of Your Finances

« Older Entries
Newer Entries »