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Symposium on Islamic Finance

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One of today's leading Islamic scholars and Chairman of Guidance Residential's Sharia Supervisory Board, Shaykh Muhammad Taqi Usmani talks about money as something having no intrinsic value in Islam and how this major factor begins to differentiate Islamic finance from conventional finance.

Channel: Education
Uploaded: January 15, 2008 at 9:10 pm
Author: GuidanceMarketing

Length: 05:16
Rating: 5.00
Views: 5292

Tags: Banking  business  economics  Finance  Financing  Guidance  Home  humanities  Islamic  Residential  science  social  

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Video Comments

AnsarUK (August 21, 2008 at 11:04 pm)
Yes brother the point being paper has no value but gold does yes? the only value of modern paper money is born as debt, therefore riba (usury). Gold is halal and ordained by Allah.masalam
mo98183 (June 10, 2008 at 5:59 pm)
Gold and silver do have intrinsic value actual, the very fact that you even refer to these metals as "precious" proves their inherent value. Wassalam.
AnsarUK (February 20, 2008 at 1:38 pm)
Gold and Silver do have intrinsic value (they are precious metals). Modern paper money has no intrinsic value, except it is created as a debt. Mufit saheb does not clarify this, though this video isnt very long

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