Mukhtasar Al-Quduri [12] – Bay'(2/3): Riba/Usury

This course deals with the subject of Riba, based on the text Mukhtasar Al-Quduri, charpter of Bay’ (financial transactions) and is applicable to anyone who has ever bought or sold an item (i.e. everyone of us).

Note: Each chapter made available for playback is self-contained. Students need not to have covered the previous Quduri chapters prior to starting the one below.

Students are advised to purchase one of the many published copies of the classical text Mukhtasir al-Qaduri.

Riba Lesson 1
Date: 9th Jan 13
Topics Covered:

• Arabic & Sharia Meaning of Riba
• Classification of Ribawi Items
• Non-Ribawi Items
• Types of Riba

Naseeha

Lecture

Riba Lesson 2
Date: 16th Jan 13
Topics Covered:

• Ribawi items of same types and measure
• Ribawi items of different types and measure
• Currency with respect to Riba inc. currency exchange
• A discussion/analysis on convensional mortgages

Naseeha

Lecture Part A

Lecture Part B

Riba Lesson 3
Date: 23th Jan 13
Topics Covered:

• A discussion/analysis on convensional mortgages
• The difference between Rawi, Mufi, Qadi, Faqi & Mujtahid

Naseeha

Lecture

Lecture Q&A

Riba Lesson 4
Date: 30th Jan 13
Topics Covered:

• The original measure of Riba items according to Hadith
• Exchange by mass or volume for both Riba and non-Riba items
• Trading Riba items through an agent
• The completion of a transaction in one majlis for Riba and non-Riba items
• The importance of immediate transfer of ownership (Qabad) for Riba items

Naseeha

Lecture

Riba Lesson 5
Date: 6th Feb 13
Topics Covered:

• Recap on transferring of ownership (Qabad) for Riba items
• Trading wheat for flour
• Trading meat for livestock in any way
• Restrictions on Trading olives for olive oil
• No riba between the master his slave
• Prohibition of riba in a non-muslim land

Naseeha

Lecture

Riba Lesson 6
Date: 13th Feb 13
Topics Covered:

• …

Lecture

Riba Lesson 7
Date: 20th Feb 13
Topics Covered:

• …

Naseeha

Lecture