Debt!!! The Reality & Damages | What You Must Know | Islam and Debt

1 year ago
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Halal Mortgage 101: https://youtu.be/Ib12z3kpUR0
https://youtu.be/Ib12z3kpUR0

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The banking industry turns people into debt slaves through the use of high-interest rates, which can make it difficult for people to pay off their debts in a timely manner. This can lead to a cycle of debt as people struggle to make their monthly payments and may be forced to take on additional debt to cover their expenses. Another method is the use of aggressive marketing and advertising, which can make it difficult for people to resist the temptation to take on debt.

This can be particularly true for those who are already struggling financially, as they may feel that they have no other options. The lending industry takes advantage of people who are not fully informed about their rights and responsibilities when it comes to borrowing money, making it easier for them to take on debt that they may not be able to repay.

In Islam, debt is discouraged and viewed as an obligation that should be avoided as much as possible, unless it is absolutely necessary. Now, necessity doesn't include taking on debt to fulfill desires, false pride, or greed. Muslims must be aware of the dangers of debt and to try to avoid it as much as possible. It is also important to remember that.
If you have debt, it is important to seek the guidance of Islamic scholars and financial experts in order to get out of debt.

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"This video is not sponsored. not legal advice. not financial advice.. Not intended to solicit any clients or customers currently under contract with any brokerage, corporation, or other business entity. The views expressed on my channel are my own and do not reflect or target any specific individuals or specific companies unless directly named by the specific name of an individual or company. Not Sponsored video"

#islamic #islam #HalalMortgages

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