Prime Minister Youth Loan Scheme

[salaara579]

[mag88]

but you have to understand WHY the current system is riba...it is riba, cuz gov can issue more currency and gain wealth relative to everyone else WITHOUT doing anything for real. They can just sit there and print more money and spend as much as they want and do nothing and make free money for themselves at the cost of the entire nation.but if you can stop currency issuing and keep m1,m2,m3 etc constant, now have currency without riba.

I agree with you . The reason y i insist on commodity currency is that when a system is commissioned to issue currency ,behind the scene the reason was to create a system and method to create free money from stock (currency) holders. And it not written in the legislation that new currency can not be printed unless old print need replacemnt neigther the note say equivalent to grams of gold. Btw till 1920 the usd actually was pegged to grams on gold 1gram to20 usd. Overnight they made it changed to 1 g to 35 usd for correction of the filthy tricks since the issue of currency.Sent from my GT-I9070 using PW Forums mobile app

[jozee967]

Any thing which provides a progress in sood is forbidden....sood is war with Allaah and his Rasool according to Qurraan.So don't take it..however if they say that it's a qarz e hasana....means loan without sood then it will be halal for you...even though in every situation we must avoid qarz.May Allaah giv hadaya to our ruler who call theirselves Muslims but do very thing which is opposite of islam.