Legend of Pinto's Pinto Ring (RING TREASURY OF KING SULAIMAN)

Episode 59's

Fifteen minutes later Albara and Mulan returned to the seminar room, the event had already begun, prof Husen continued his paper exposure.

"The number two banking system is usury" said prof Husen.

"Once again I apologize for the rationale of my paper on the topic Sustim financial and usury depart from Islamic Eschatology"

"The last revelation that Allah sent down was Al-Baqarah 278 - 281 where Allah commanded those who profess faith to fear Allah and forsake the rest of usury. Allah threatens to declare war from Allah and His Messenger."

"Why was the latter demoted and accompanied by the threat of war? This hints at the great danger of usury practice. Don't let the riba door open."

"Surah An Najm (53) verse 39 God says that man only gets what he seeks. Through the practice of usury one obtains something that he does not plant or cultivate. Profiting from borrowing money is like enjoying a profit without planting. Through the banking interest system, banks take what is grown by others. Banks live off the sweat of others. It's a oppression."

"Now when the economy is based on usury, the owners of capital control the market and they suck the blood of all those who are entangled in it".

"Riba is the opposite of alms. If alms, one gives and gets nothing in return. Riba only takes and gives nothing in return".

"Riba is not the same as business. In a business transaction, a person accepts the possibility of making a profit or loss. A risk-free business is not a business. Conversely with usury, lenders always make a profit without bearing the risk of loss, while borrowers still have to pay interest and principal despite loss".

"God condones business and forbids usury".

"Tafseer states that the treasure of usury will be destroyed, while alms will be nourished, which will be replaced by God multiplied"

"Paper money is usury. Money is sunnah if money has intrinsic value. In the hadith Buchari narrated that the Prophet once said that gold should be paid in gold, silver with silver, dates with dates".

"In the beginning paper money when introduced by the Bank in France could be exchanged for gold. Until 1920 US$20 could be exchanged for 1 ounce of gold. America even listed in its banknotes "In God We Trust" as if to say that if we give a promise is as good as God's own promise".

"But what happened then? In the 1930s, America was having money difficulties. In April 1933, the U. S. government banned all American citizens from owning and storing gold. The government gave a deadline for its citizens to sell their gold and replace it with paper money. If violated will be fined US$ 10,000 and jailed. Then everyone hands over the gold he owns and gets US$25 banknotes for every 1 ounce of gold. Shortly thereafter the American Government announced that the price of gold rose from US$25 to US$35 per ounce. Residents were asked to immediately buy back their gold at the price of US$35 before rising again. This process continues so that Americans lose half of their wealth in a short period of time".

"Practices like this are fraudulent practices that fall into the category of riba".

"The difference between paper money and real money is in its intrinsic value. Banknotes have no intrinsic value anymore. As for real money still has a value as heavy as gold or silver from the money itself for example".

"Who took our money and how they did it".

"Although any country's government could exchange dollars for gold, no one did that from 1944 to 1971. In the late 1960s, the Vietnam War began. The American government printed a lot of dollars to finance the war. They did not have enough gold to support the dollars they printed. In the Bretton Woods agreement US$ has been pegged at US$35 per ounce of gold. When the British Government in 1971 brought 3 billion dollars, the American Government did not have enough gold so decided not to heed the Bretton Woods agreement anymore. So starting in 1971 officially the relationship of paper money with gold was abolished".

"If the value of a country's money goes down then there is a transfer of wealth from the people of the country to the coffers of financial authorities or owners of capital through guarantor banks (IMF and World Bank)".

"One example of this oppression through banking and the international financial system is what Indonesia has experienced. In 1998 the IMF declared Indonesia's economy to be very good. A year later suddenly the Indonesian Rupiah currency was attacked and within 1 week the value of the rupiah fell from Rp 8,000 to Rp 20,000 per dollar. Half of Indonesia's population suddenly has income below the poverty line. Why was Indonesia attacked? First, of course, because the wealth of Indonesia is considered enough to be "harvested". Second because Indonesia loves Islam. His people are willing to sacrifice for Islam. The same thing happened to Turkey at that time. This is what will continue to be experienced by countries with a majority Muslim population around the world as long as it still opens the door to usury through banks and the international financial system".

"Corona virus that has spread throughout the world today will again make rich people richer and poor people such as workers and small and medium businesses will be poorer and more vulnerable lost his fortune"

Prof Husen was silent for a moment and continued "From the above exposure Explain as the reason Number two. that the Bank applies usury system" said prof Husen.

"What is riba?, riba is the practice of lending money and asking for excess returns or interest-bearing loans" said prof. Hussein.

"If the bank lends Rp 10 million with an interest rate of 12 %, then within 1 year, the money will return to 11 million 200 thousand, there is an excess of 1 million 200 thousand, it is Riba" continued prof Husen.

"The era of Caliph Umar bin Khataf there was an Islamic economist, namely Abdulah bin Umar, practicing business capital lending with profit sharing, he lent the residents of madinah capital to buy camels with the agreement of camel children is a common property" prof Husen kept silent for a moment.

"If the price of the mother camel Rp 10 million, and after 9 months the camel is born, within a year the parent and child camel are sold for Rp 16 million, thus Abdulah bin Umar got a share of capital of 10 million plus 3 million parts of camel children, the total money became 13 million, the excess of 3 million, It is halal" said prof Husen.

"Why is the bank's loan riba? And why is the loan done Abdulah bin Umar is halal? Ask prof Husen.

After no one answered prof husen gave an answer.

"For what Abdulah bin Umar did was business"

"In business there are profits that must be shared and there are also risks that will be shared, meaning that Abdulah bin Umar participated in planting and harvesting but also took risks"

"Of all the camels purchased not all managed to live to be sold, there are some camels that die, this is a risk that will be in the responsibility of Abdulah bin Umar." replied prof Husen.

"Different from banks, they do not want to accept the risk, whether the customer's business fails he still has to return capital in addition to his interest" said prof Husen.

Hearing the explanation of prof husen Albara became excited, he seriously heard the exposure of prof husen. He began to be able to make ADRT from BANK WAKAF AND ALMSA, which he will build.