Monday, January 17, 2011

Attended at TTDI, talk by Sheikh M.Nuruddin Marbu Al-Banjari Al-Makki on "RIBA dan Kesannya Terhadap Masyarakat".

Attended a talk by Sheikh Muhammad Nuruddin Marbu Al-Banjari Al-Makki on "RIBA & Kesannya Terhadap Masyarakat"(Riba and its Impact on Society) at Taman Tun Dr.Ismail-K.Lumpur on Sunday, 16 January 2011.

Sheikh M.Nuruddin's talk was a Good recap of the various riba i'd learnt many years ago in IIUM-PJ i.e. Riba Jahiliyyah,Fadl,Nasiah etc.

Also learnt interesting stories of Imam Ahmad and the stolen lamb and what happened subsequently for the next 7 years. Sheikh also pointed out the various categories/levels of riba prohibition in the Al_Quran from zero tolerance to multiple folds.

During Q&A Session, when asked as to whether Paper/Fiat Money is "halal" - Most currencies are "halal" as they are backed by a Guarantee and/or by Gold, Commodities & Other Currencies....with the EXCEPTION of the USD! GO Figure!


  1. 18 Jan. 2011(10:56 PM)
    E-mailed comments sent by an old banking friend.
    Only USD?Since when?Now we have more questions than answers!
    Of course,some holders of USD are not halal;unknown sources??
    Otherwise,just hold on to USD totally in cash(no spending on foods?),then it can be considered halal!Others may have different views!More talks and more opinions are coming on stream soon.
    Thanks.Not back in KL yet.

  2. is islamic banking and finance system is suitable for pakitan to remove disparities?
    here is a conference where lots of scholars are going to deliver lecture. what you think we should attend this conference or not? plz reply something.

  3. Salam Noor ul Aleen,

    TQVM for dropping by & commenting.
    I know of a person who's withdrawing his major investment in an Islamic Bank in South Asia due to "poor" take-up & repayment which led to substantial losses.

    With regards to the Conference, it'll be interesting to attend if any organisation is willing to sponsor my passage as it'll be good to compare the IF uruf in South Asia & ASEAN. Having said that, after referring to the website given by your Goodself - the Keynote Speakers are well established names but the conference papers seemed to lack focus as it tries to cover every IF topic rather trying to focus on one or two major themes.

    My 177Dinars views, Amirul HM