The study of contemporary issues LESSON 2 | Abu Fajr

0:00:25 - Different categorisations of نواول (a) According to different Fiqh headings/chapters/topics (b) Subjects specific to the 2 genders (c) In terms of its effect on individuals and communities 0:01:50 - Books authored dealing with different categories of نوازل 0:03:00 - when faced with نوازل Scholars extrapolate rulings by relying on: (a) Fiqh maxims, (b) objectives of the Shari’ah, (c) weighing the pros and cons, (d) checking to see if the issue contradicts the textual evidences 0:06:05 - What if they're unable to come to a conclusion? 00:06:30 - Example a Fiqh maxims المصلحة العامة مقدمة على المصلحة الخاصة 0:07:20 - Some Fiqh Nawazil topics seem hypothetical, is there any benefit is studying them? - Ibnul Qayyim gives an elaborated answer 0:12:10 - The 3rd issue: Forex trading 0:13:20 - What is Forex? 0:15:35 - Trading in currencies is generally permissible if done hand to hand (تقابض) إذا اختلفت الأصناف فبيعوها كيف شئتم إذا كان يدا بيد ٠ التقابض الحكمي 0:27:30 Anything that certifies that the transaction is complete! 0:17:00 - Some scholars said Forex is Haram because (a) it involves Riba 0:24:20 (b) loan and investment are combined into one contract 0:25:30 القرض من باب الارتفاق لا الارتزاق (c) Involves dealing in impermissible contracts such as bonds... 0:26:15 (d) currencies are sold without hand to hand exchange 0:26:54 (e) Selling what one does not possess 0:32:00 (f) harmful for investors & economy 0:33:22 (g) Spot transactions are impermissible 039:30 (h) illusionary transactions 0:41:00 0:21:30 - Some categorise loans قرض into two types: (a) consumer loans استهلاكي (b) investment loans استثماري ٠ But this categorisation is incorrect! 0:38:10 - Consulting experts in this field to gain a correct outlook into the matter 0:45:00 - This institute said it's permissible to trade Forex with conditions, but a lot of these conditions are not met in many cases