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Oct 17, 2025 45 min

The Islamic Finance Solution

from Ulama Institute Hosted by Ulama Institute online Islamic School

The Islamic Alternative to Interest-Qardh HasanWhy is it important for Muslims to have an alternative to usury?What are the alternatives?قُلْ إِنَّ رَبِّى يَبْسُطُ ٱلرِّزْقَ لِمَن يَشَآءُ مِنْ عِبَادِهِۦ وَيَقْدِرُ لَهُۥ ۚ وَمَآ أَنفَقْتُم مِّن شَىْءٍۢ فَهُوَ يُخْلِفُهُۥ ۖ وَهُوَ خَيْرُ ٱلرَّٰزِقِينَ (سورة سبا : ٣٩)“Say, ‘Indeed, my Lord extends provision for whom He wills of His servants and restricts [it] for him. But whatever thing you spend [in His cause] – He will compensate it; and He is the best of providers. (Soorat Saba:39)This Aayat of the Qur’aan affirms that Allah ﷻ distributes the resources of this world as He wishes; He gives some people more than He does others. Some people are rich and others are poor in accordance with the will of Allah, based on His knowledge and wisdom. The uneven distribution of resources is a trial to both the rich and the poor. Resources do not only refer to capital, it includes skills and aptitude. The economic power of a nation is determined by its ability to draw together its resources to generate products and services to develop and maintain its own, and to provide the same to other nations.Here is the link of the full course: https://ulamainstitute.org/lessons/qardh-hasan-the-islamic-finance-solution-lesson-3/Ulama Institute is Proud to Offer the Best Arabic and Islamic Study Tutors Online. Quran Memorization, Tajweed and islamic study for all ages. Register here to get more discounts:https://ulamainstitute.comYou Can Hire an Instructor to Work Within Just a Few Clicks.Looking to learn Arabic or learn Islamic studyjoin our free online activity: https://ulamainstitute.org/events/book an appointment to learn more about us: https://ulamainstitute.com/?fluent-form=15

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Qalam Institute Podcast Qalam Institute Khutbah's, Lectures, & More from Qalam Institute. AbdelRahman Murphy Muslim Central Ustadh AbdelRahman Murphy is a graduate of the University of Illinois at Chicago, with a Bachelor’s in Teaching of English and Religious Studies. He is currently pursuing his Master’s in Mental Health Counseling. He has served as a youth director, Muslim chaplain, and assistant imam in a full-time capacity since 2009.His Islamic studies background includes completing an Imam Certificate Program in Makkah, Saudi Arabia under the mentorship and training of Shaykh Khalid Hilwany. While growing up in the Chicagoland area, he spent two years studying at Riyadh As Saliheen Institute under Shaykhs Ehab Ash-Shaer and Abu Abdullah. While finishing his university studies, he benefitted directly from the training and teaching of Professor Omer Mozaffar in areas of Quran and texts of Imam Ghazali. After graduating with his BA, Ustadh AbdelRahman moved to Dallas, where he began reading classical texts with Shaykh AbdulNasir Jangda. In May of 2014, he formally graduated from the Qalam Seminary’s o Mohammed Hijab Muslim Central Mohammed Hijab is a debater and public speaker who engages in discussions and polemics on a wide variety of topics including religion, politics and society. He completed a Politics degree and a Masters in History from Queen Mary University. He has taught and instructed courses on humanities and languages in many contexts.Mohammed Hijab has numerous Ijazahs in some Islamic sciences and has studied in multiple Islamic seminaries including the Shinqeeti Institute which employs a traditional Mauritanian style of teaching the Sacred Sciences.Mohammed Hijab is currently doing further postgraduate research in Islamic studies at SOAS University of London.

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This episode was published on October 17, 2025.

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