YourBroMoe
Ｗｈｏ ｔｈｅ ｆｕｃｋ ａｍ Ｉ？ ギくェズー
If those niggas want money for talking and won't give a cent, why listen to them about how you get your bread? That's fkin dumb.
Sheikhs in Somalia declare Forex haram!
- Thread starter TekNiKo
- Start date
Abdullnur
Logic over everything
One question What do they know about economics.
Bro i am surprised my reply to that Bohol trading post was ignored,
i dropped some golden nuggets, i informed them how combining a loan and a sale was haraam, i told them how short selling was haraam and how naked short selling is even worse,
i told them spread betting and CFDs- contracts for differences were all haraam and so is derivatives,
in islam you can only sell something you own or someone tells you to sell it on his behalf and share the profits, he must own it though,
i have seen muslims just trade the financial markets wallahi with no idea what they are doing, investing in firms buying shares, short selling shares- even if the company doesn't make or sell haraam things like riba bank/qamro etc these firms have been financed with loans,
get me a company floated on the stock markets of the world with out a loan financed bu riba and i will eat my caghdeer shoes,
i am not just an economist, i am one of the foremost knowledgeable people on earth when it comes to Riba/Interest and islamic economics/finance, i dare any man to debate me , this is my field,
I study the axioms and praxeologies, i am not interested in two minute quick analysis, i study why islam has banned them and what negatives they have on society,
wallahi the more you study islam the more you will be amazed how our Nabi SAW has warned us about what causes financial booms and bust, economic depressions,
the nabi SAW even spoke about Futures trading, noting new, first practice by the ancient Sumner and Babylons, its allowed in islam, a farmer tilling today wants buyers in 9 months time, the biscuits manufacturer buyer has supplier, the farmer has a customer, all done deal, but they took it too far with derivatives, man trade now with out using it or owning it, or needing it,
forex is a grey area, if you use 100% of your own money its fine, and short selling is fine because naturally when you buy one currency by logic you must sell another, but short selling oil, gold, stocks etc you dont own is haraam,
but no one took heed or notice, they carry on trading with crypto with forex,
i was a former forex trader, and traded German Bunds, S&P 500, E-minis and oil contracts,
atleast close your accounts before 10 pm if you are using leverage, for after 10 PM in forex trading, you are charged interest, close before that deadline and no riba is charged on the Libor markets rates, or euribor,
too kids are clueless and will trade anything, good luck chaps,
any one who needs advise and needs help about this let me know,
keep in mind 97% of you retail traders will lose money, focus focus focus on your risk to reward ration,
profit take 2%, your Loss R should be 1%, dont be too greedy, slow and study is better
trust me as an economist, i was impressed with this sheikh, he knows about economics, trading and Islamic economics,
i heard about him a long time ago, very impressed, well educated in america,
you are so clueless bro, if only you knew how silly your statement sounds,
you must be a Keynesian,
Stop arguing u 68er. A piece of paper has no value.
Why u defending this when it’s clearly xaraam.
can you believe he just called gold fiat? what is wrong with this brother,
fiat means government decree or let it by done in latin, man made law, gold is real money, and God's money even the nabi SAW demanded we only use gold and silver, it protects the average man from paper money inflation,
tukaraq needs a good dose of economics, he is the type they will talk about a field with out cilmi, this is shame bro,
its not your fault, bank owned western media has done a great job to make you hate gold, the money of empires and great nations and real money, paper money has only really been around with out a gold backed standard since 1971, and man kind has suffered from so many economic bubbles and inflation,
adam smith called ibn khaldun the father of economics, the west call 1700s Adam smith the father of economics,
islam has a very rich eco system of economic laws set in the quran and hadith
in fact the greeks were the first to study economics around 2500 years then the muslim ummah, the greeks named the term economoi , i think it was Xenophon who coined it,
even Aristotle and Plato and Socrates called for riba to be banned nearly 2500 years ago,
the west only got interested in economics in the 1700s,
between 1520 and 1944 the muslim world did not write a book on economics, thanks to backwardness and colonials,
when we wrote it in 1944 in pakistan, it was heavily western influenced where muslims were sadly convinced their field was bad and must adopt western system,
most so called islamic economics books are sadly written by gall named john, andrew, peter etc, they have made sure to corrupt us from with in,
to the point where so called islamic economist will say riba is fine, we need to adopt it,
yet Allah only ever said i will personally fight with those who practice riba, with my Nabi, SAW , he directly declared war
i spent 4 years breaking apt riba and proofing to the world it causes booms and bust and economic depressions and widens the gap between rich and poor,
people all trusted an economist from mid 1800s were wrote a book showing no nation can survive with out riba and i spent 4 years taking apart the silly theorem and axioms,
i smashed it, i was like the Eisenstein of the economics world smashing newton axioms, i created a new paradigm
and i created a way for a man to lend 1 dollar and get back 1 dollar and never ask for interest , its called the subjective utility of his money and his money goes up/ appreciates,
he basically is better off even if he lends you the money with out riba, he doesn't only benefit, but gains wealth with out asking for riba on top,
i created a unified axiom,
i am one of the world foremost experts on Time Preference Theorem TPT, a theory that claims to show axiomatic proof for the need an existence of riba,
i pissed on TPT , it took me 4 years but i created an axiom where a muslim nation doesn't need to adopt riba in order to function,
that is my contribution to the human race,
sadly its a small field most humans out side of banks, central banks, investment and government finance departments will not know,
then please buy me a 100 Tons of it and shipped it to my house since it has no value to you i would not mind having it
Dr leorio is 100% right
fiate money is 100% haraam,
the Nabi SAW has ordered, demanded, we only use gold and silver as money and nothing else, due to coloniser islam lost this
besides, the entire world was on a gold standard or silver standard (china/soviets) till 1971 when america banned it,
any muslim leader will be asked one day by Allah, fiat creates inflation, and the Jews have used it enslave the world
ironic, gold and silver money actually gets rid of riba abuse, but sicne paper money or now digits can be input on a computer, the bank can just create it out of thin air,
but with gold, in order to lend it you need to mine it, dig it, first actually find it and then refine it
but paper money is out of thin air,
its called fractional reserve banking and its how the jews rule the world,
gold slows them down massively,
Allah has created a system to stop this, only if we learn,
hint: in economics, they make it very very boring with mambo jambo maths, this is designed o put you off from studying, in reality economics is very simple,
So exchanging my dollars for shillings at the suuqa is haram now? These shaykhs have lost their minds
No, but its haraam for the leader to force his people to use paper money and ban gold and silver,
its the leader, who will be answerable to God on judgement day,
Tukraq
VIP
thats trade value, not real value, let me put you on a secluded island you can never leave and have no human contact of any form and give you 100 tons of it lets see how useful it is
Tukraq
VIP
Race or ethnicity wouldn’t even be a factor here, just what there saying
Yes, most are aware of this, but how does that apply to regular people and exchange currency dealers and modern companies who have to make their bread using the current modes of transaction?
@Teeri-Alpha can you recommend me some books so I can learn halal trading?
That would be the case if their aim was denying others the opportunity to gain some wealth. Islam does not forbid people to make tons of money. It asks people to earn it the right way without causing harm to anyone else and social instabilities.
Western economy is based on predatory practices and that is why their societies for the most part have extremely stressful lifestyles based on market uncertainties.
I worked for a company that laid off workers every two years for 12 years despite the company making tons of money because of negative market predictions. It was biennium cycle where hard working people's lives where ruined by lay offs. These people cried on their way out of the company premise. Some of them were not allowed to pick up their personal items in the cubicles and lockers. All because of wallstreet predictions of doom.
And we all recall what happened in 2008 wallstreet crash. Caused mayhem throughout the world. Many lives ruined, homes lost and welath buried.
It is corrupt system where money is made through gimmicks like issuing an empty credit card with certain digits as a max to someone as if there is real wealth in there for that person though the real money starts flowing to the issuer of the card the second the credit card holder starts swiping it. You sure do get grace period to pay before they hit you with 15% interest of whataver the charge is at best, but you get the idea. Not all that glitters is gold saxib.
Create wealth and one must achieve their goal through no harm to anyone. That is the basic principle.
This is simply riding the tiger of modernity. This area is disputed, so its to the persons discretion whom they take the ruling from. Nobody would accept things which are clear cut as credit cards or mortgages as halal, so your point is pretty useless.
One of the disadvantages of a free market economy is the lack of advocate for those without competitive edge and wealth. The competitively disadvateged people in society, will the pay the price of greed economy unless their interests are represented through regulation of the wealthy who set the course in market economies. Average people with moderate income are stuck with whataver rules set by the wealthy in the name of market demand and pricing, so only people who can afford can buy stuff. And only those commodities are made which make money for the wealthy. They came up with outsourcing in the US so they can claim they are selling stuff at a reduced affordable price. But in that scheme, the asians, the africans, or whatever communitiy in bangaldesh are making a dollar or less a day for the cool jacket I bought at US stores.
Greed rules at the end of the day. You can call it riding modernity, but it is still greed cloaked as modernity. Every ugly scheme is sold as modernity. Thank you.
Greed rules at the end of the day. You can call it riding modernity, but it is still greed cloaked as modernity. Every ugly scheme is sold as modernity. Thank you.
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