IslamNewcastle

Fraud of the Modern Banking System

Abu Abdullah

Wednesday 8th October 08

Assalamu alaykum wa rahmatullaahi wa barakaatuhu…

I am sure we are all aware of the recent financial crisis that has hit the world’s money market. It is the main topic and sometime the only topic being discussed in newspapers, magazines, tv stations and radios almost 24hrs a day. Trillions of pounds are being poured in to save this fraudulent economic system but of course when it comes to giving pensioners a decent pension or giving a few extra pound to freezing old ladies to help them with their winter fuel bills there is no money available. When the banks collapse after stealing billions from the public then suddenly trillions of pound instantly appear to save them!

Today the UK government announced that they are going to give these banks £400 billion to keep them afloat (American government are giving $850 billion, German around £400 billion and this is being repeated by nearly every other western government). That’s £30,000 from every british tax payer! So where are they getting this £400 billion from?

the answer is from other money lenders and banks. So we ask ourselves why don’t these other money lenders and banks give these collapsing banks the money directly? Because they think its too risky and also they know that if they don’t give them the money then their partners in this great crime, the politician will come running to borrow the money from them at a higher interest rate to save the troubled banks and the fraudulent banking system. We the tax paying public are the guarantor of this huge scam. They can only pay for this scam by slowly taxing us for this £400 billion plus the interest but they won’t do it now, they will do it slowly over years so we won’t notice. Only people who will benefit from this scam are the banks in trouble who will get billions at no risk, the other banks and money lenders who the government borrowed £400 billion from as they will get guaranteed high interest rate for lending the money to the government and of course their partner in crime the politicians who are the slaves of these banks anyway. Only losers will be the general tax paying public but we are so ignorant of the system that we won’t even know that they are robbing us in broad daylight. Long as these banks let us have saving accounts and we get crums of Usury then we are happy (Ignorance is bliss it seems). The elite that run these banks are not accountable, none of them are being prosecuted because if they were to be prosecuted then the fraud of the whole system would be exposed to the public! Head of Lehman brothers bank earned $250 million in 8 years but is he going to be prosecuted for the way he ran the bank? Of course not because the system itself is a big fraud and he did not break any law he just took advantage of the con trick that is the modern Usury based banking system. If he is prosecuted then the whole system will be on trial and they cannot have that. Many of you may be doubting what I am saying but read any book on modern banking system and you will get the same answer. I understand that many of us may find economics boring but this Usury system probably has greater impact on our daily life then any other force on the world today so we should learn and know more about it. There is a very good but brief article on the modern banking fraud written by Ellen Brown which can be found at:

Dollar Deception – http://www.webofdebt.com/articles/dollar-deception.php

Foundation of the current global capitalist economic system is usury which gives unchallenged economic power to the rich especially the western countries who maintain this fraudulent system. Allaah (Subhana Wa Ta’ala) has cursed Usury for a reason. Yes, we should call it by its real name “Usury” not “Interest”, Interest of who? (the rich bankers and the politicians of course!) Fornicating is now making love or sleeping with someone. Drinking alcohol is now referred to as having a pint. How they disguise evil things with innocent names to fool people and how they have succeeded in fooling us. But as Allaah (Subhana Wa Ta’ala) says in Surah Al-Baqarah of the noble Qur’aan, “They (think to) deceive Allâh and those who believe, while they only deceive themselves, and perceive (it) not!” It is a system where money is created from thin air! It is the biggest fraud the world has ever seen yet everyone is taking part in this system, feeding the devil that is sucking the blood out of millions of people and poor nations.

They think they will get away with it but Allaah (Subhana Wa Ta’ala) has warned those who mock His laws:

“And let not the disbelievers think that Our postponing of their punishment is good for them. We postpone the punishment only so that they may increase in sinfulness. And for them is a disgraceful torment.” – [Surah Al-Imran:178] Taking part in Usury is a major sin. Allaah (Subhana Wa Ta’ala) said:

“Allaah has permitted trading and forbidden Riba” [Surah al-Baqarah 2:275]

It is reported by Jaabir (RadiAllaahu Anhu) that:

“The Messenger of Allaah cursed the one who consumes riba (interest or usury), the one who gives it, the one who writes it down and the one who witnesses it. He said: ‘All of them are equal in sin.’” -[Reported by Muslim]

Many of us think giving usury is ok, it is not ok and consuming usury is even worse as Prophet (SallAllaahu Alayhi Wa Sallam) said:

“A dirham which a man consumes as riba knowingly is worse before Allaah than thirty-six acts of zina.” – [Narrated by Ahmad and al-Tabaraani]

And he (SallAllaahu Alayhi Wa Sallaam) said:

“There are seventy-two types of riba, the least of which is like a man committing incest with his mother.” – [Narrated by al-Tabaraani]

Those of us who have any sort of so called saving accounts in any form whatsoever should fear Allaah and close these saving accounts immediately and repent! Eating Usury is a major major sin. These saving accounts will not save us from hellfire but will in fact drown us in it unless Allaah (Subhana Wa Ta’ala) has mercy on us and forgives us.

Even the bible forbids usury,

“If one of your brethren becomes poor, and falls into poverty among you, then you shall help him, like a stranger or a sojourner, that he may live with you. Take no usury or interest from him; but fear your God, that your brother may live with you. You shall not lend him your money for usury, nor lend him your food at a profit.” – (Leviticus 25:35-37)

“Woe is me, my mother, That you have borne me, A man of strife and a man of contention to the whole earth! I have neither lent for interest, Nor have men lent to me for interest. Every one of them curses me.” – (Jeremiah 15:10) “The ancient Israelites called usury “a bite.” It is like the slow poison of a serpent: “Usury does not all at once destroy a man or nation with, as it were, a bloody gulp. Rather, it slowly, sometimes nearly imperceptibly, subverts the victim’s constitution until he cannot prevent the fatal consequences even though he knows what is coming.” Mooney, p. 23. The practice of lending to an enemy was “as a means of destroying him” (Jno. H. Kimmons, Usury: What Is It, and Does the Law of God Forbid It? 163, Undated).

The Old Testament “classes the usurer with the shedder of blood, the defiler of his neighbor’s wife, the oppressor of the poor, the spoiler by violence, the violator of the pledge, the idolater, and pronounces the woe upon them, that they who commit these iniquities shall surely die.” Id. at 2. The usurer was put in the same category with extortioners, Sabbath-breakers, those who vex the fatherless and widows, dishonor parents and accept bribes (Ezekiel 22). Id. at 17.

The usurer was also classed with the liar, the unrighteous, the backbiter, the slanderer and perjurer, and denied the right to inherit the New Jerusalem (Psalm 15). Id. The usurer is further classed with the meanest and lowest of men and the vilest of criminals (Ezekiel 18).”

“The New Testament continued the prohibition of usury: “In the fullness of time the Messiah came, and no part of the moral law was abrogated. The prohibition of usury as to the Jew was extended, to include mankind, and the permit as to the stranger was declared inoperative and void. The Jew was taught to sympathize with strangers remembering that they were once strangers in Egypt.” Id. at 9-10.

Jesus taught (Luke 6:34-35) “love ye your enemies, and do good and lend, hoping for nothing again.” Id. at 10. Usury was the basis for Jesus’s calling the money changers thieves: “The commerce of the world is conducted on principles as much at variance with the teachings of the master, as are the practices of a sneak thief or burglar. So the Master taught, as with whip of cords, he indignantly drove its representatives, from the sacred precincts of the Temple, denouncing them as thieves. Every well-informed mind knows that the money changers in the Temple, on that startling occasion, were at the very center of the Jewish Banking system, and of the pitiless and grinding commerce of Palestine.” Id. at 19.” – [The Evil of Usury - http://www.biblebelievers.org.au/usury2.htm]

Unfortunately, This fraudulent system has been adopted by every country muslim and non-muslim. Prophet (SallAllaahu Alayhi Wa Sallaam) told us that this would happen as mentioned in the hadith of Abu Hurrairah (RadiAllaahu Anhu) that there will come a time, he said, when you will not be able to find a single person in the world who will not be consuming riba. And if anyone claims that he is not consuming riba then surely the vapor of riba (In another text the dust of riba) will reach him (reported by Abu Daud, Mishkat). Surely, we are in living in this time as if we have a credit card or bank account at any usury based bank which most us have then dust of riba has touched us. The hadith is not an excuse for us to give up and jump in to this Riba system with a defeatist mentality thinking that we can’t avoid usury so have the atitude of if you can’t beat them then join them. It is rather a warning for us to be careful and try our best to keep away from Usury. We should try our best to move our money to banks that are at least trying to avoid Usury and not lending our money out for interest such as Islamic bank of britain (its not perfect but it is a lot better than others inshaAllaah). Then we should repent to Allaah for falling into usury.

We believe in the wiswas of shaytan who threatens us with poverty and so we do Haram things to get our Riziq when Allaah (Subhana Wa Ta’ala) who is Ar-Razzaq is the One Who provides. He grant’s His bounties to whom He wishes and His bounties have no limit. Our Riziq is fixed and by doing Haram we cannot increase our Riziq so why do we still engage in haram? Allaahu Mustaan! “Shaitân (Satan) threatens you with poverty and orders you to commit evil deeds whereas Allâh promises you Forgiveness from Himself and Bounty, and Allâh is All-Sufficient for His creatures’ needs, All-Knower” – [Surah Al-Baqarah: 268]

“And no moving (living) creature is there on earth but its provision is due from Allaah” – [Surah Hood 11:6]

May Allaah (Subhana Wa Ta’ala) save us all from Usury and its dust! – ameen.

I am not saying avoiding this Usury system which has engulfed the whole world is going to be easy but holding tight to the rope of Allaah is never meant to be easy. It is a big test and if it was easy then everyone would go to Jannah. Jannah is a amazing reward to get, beyond our imagination even and we should know from our experience that the greater the prize then the harder the test we must face and greater sacrifice we must make to attain it. Allaah (Subhana Wa

Ta’ala) says:

“And we will surely test you with some fear, hunger and shortages of property, people and produce. But give good tidings to the steadfast.

Those who, when a calamity befalls them say: “We belong to Allah and to Him we return.” Upon these are prayers from their Lord and mercy and these are the rightly-guided ones.” – [Al-Baqarah: 155-157]

and He (Subhana Wa Ta’ala) also says:

“Every soul will taste death. And we test you with bad and with good as a trial. And unto us you will return.” – [Al-Anbiyaa: 35]

It is reported in the Tafsir of Ibn Kathir (Rahimahullah) that the great Sahabi and Muffassir Ibn Abbas (RadiAllaahu Anhu) explained the above ayah as follows:

(and We shall test you) means, We will test you,

(with evil and with good by way of trial.) means, with difficulties and with times of prosperity, with health and sickness, with richness and poverty, with lawful and unlawful, obedience and sin, with guidance and misguidance.

(And to Us you will be returned.) means, and We will requite you according to your deeds.

The prophet (SallAllaahu Alayhi Wa Sallam) said:

“There will come a day where a Muslim holding fast to his deen

(religion) is like he who is gripping a hot coal” - [Al-Tirmidhi]

Holding on to the Deen now is like holding on to hot burning coal brothers so it is not supposed to be easy but a test to distinguish Awliya Ar-Rahman from Awliya Ash-Shaytan, those who submit to Allaah from those who do not. We all need to make dua to Allaah (Subhana Wa

Ta’ala) to forgive us as we are all falling short. We all need to wake up, re-evaluate our life and make the changes that are required as we do not know when death will overtake us. Allaah (Subhana Wa Ta’ala) knows we are not perfect but to gain His mercy we have to make sincere intention to change and then make practical effort to change our way of life. Purpose of our life is not to get nice house or nice car or make money or to live comfortably in this Duniya, we were created to submit to our creator so that we can enter Jannah and get eternal happiness inshaAllaah. Test we will face will be according to our level of sumbission but if we are steadfast in the trials that we face then Allaah (Subhana Wa Ta’ala) has promised to help us as He (Subhana Wa Ta’ala) said in the noble Qur’aan:

“… And whosoever fears Allaah and keeps his duty to Him, He will make a way for him to get out (from every difficulty).” – [Surah al-Talaaq 65:2]

It is a long email so I apolgoise and if I have offended anyone by its content then I ask forgiveness from you and Allaah (Subhana Wa Ta’ala). Please make dua for me so that one day I can practice the Deen properly inshaAllaah.

I pray that Allaah first and foremost forgives me and then all of us for falling into any form of Usury – ameen.

I pray Allaah makes it easy for us to avoid Usury and forgives us for falling short in all our affairs – ameen

“Our Lord! Verily, we have heard the call of one (Muhammad) calling to

Faith: ‘Believe in your Lord,’ and we have believed. Our Lord! Forgive us our sins and remit from us our evil deeds, and make us die in the state of righteousness along with Al-Abrâr (those who are obedient to Allâh and follow strictly His Orders).” – [Surah Al-Imran: 193]

Ameen Ya Rabbil ‘Aalameen.

Abu Abdullah