The Great Event Has Occurred: Usury has Become Permissible
Any fatwa allowing bank interest, whether taking it or giving it, is an invalid juridical opinion, an affront to the Islamic Revealed Law and a slander against it, if not an objection and outright opposition to it.
It is also an immense service to usurious banks, a priceless gift that they have waited for and yearned for a very long time. On the one hand, it destroys the religious barrier that Islam had placed between the Muslims and the usurious banks, protecting them from their greed and exploitation and from their economies and destinies being controlled.
On the other hand, it conscripts the Ummah to serve imperialistic capital by providing its banks with sufficient monetary liquidity, so that they can expand their activities and consolidate their monopoly, after which they can acquire further fixed benefits. This is how they eat the profits of those who save and exhaust the efforts of those who invest and borrow, and they appropriate Muslims’ wealth because of fatwas given by Muslims.
Author: Imam Muḥammad at-Tāwīl
Translator: Mahdi Lock
Paperback - 188 pages
Published - 2019
ISBN - 9780244409531
Sayyidī Muḥammad b. Muḥammad b. Qāsim b. Ḥasāyin al-Tāwīl—may Allah preserve him and bless him—was born in 1934 in the city of Ein Barida in Morocco. In his pursuit of Sacred Knowledge, he took from his father, Sīdī Muḥammad b. Qāsim, who was an Imām in the modes of Qur’ānic recitation. He memorized the Qur’ān at a young age and began studying the sciences under the tutelage of Shaykh Muḥammad al- ‘Arabī al-Masārī, who used to teach syntax and grammar (teaching the Ājurumīya and the Alfiyya), jurisprudence (teaching al-Murshid al-Mu‘īn, al-Mukhtaṣar, and al-Tuḥfa), inheritance law, and other disciplines. In his pursuit of Sacred Knowledge, he took from his father, Sīdī Muḥammad b. Qāsim, who was an Imām in the modes of Qur’ānic recitation. He memorized the Qur’ān at a young age and began studying the sciences under the tutelage of Shaykh Muḥammad al- ‘Arabī al-Masārī, who used to teach syntax and grammar (teaching the Ājurumīya and the Alfiyya), jurisprudence (teaching al-Murshid al-Mu‘īn, al-Mukhtaṣar, and al-Tuḥfa), inheritance law, and other disciplines.
As a young man, Shaykh Muḥammad attended al-Qarawiyyīn University, where he studied jurisprudence under the tutelage of Abū Bakr Jasūs, Muḥammad al-‘Imrānī alZarhūnī, and ‘Abd al-Karīm al-Dāwūdī—may Allah have mercy upon them all. In the science of Qur’ānic exegesis he studied under al-‘Arabī al-Shāmī. In the Ḥadīth
Sciences he studied under ‘Abd al-‘Azīz Balkhayṭ. In grammar he studied under ‘Abd al-Hādī al-Ya’qūbī Bakhubza and in the science of Legal Theory he studied under Ḥabīb al-Mahājī. He learned the science of logic and theology from Ibn ‘Abd al-Qādir al-Baqalī and took the science of rhetoric from Muḥammad al-‘Imrānī. He studied literature under the guidance of ‘Abd al-Karīm al-‘Irāqī and learned history under the tutelage of al-Faqīh al-Ghamrī.
Shaykh Muḥammad al-Tāwīl is gifted with a strong memory and vast
understanding. He memorized the Alfiyya of Ibn Mālik in ten days—which amounts to over one hundred lines of poetry a day. Other books he memorized include: al-Subkī’s Jama‘ al-Jawāmi‘ in legal theory and al-Qazwīnī’s al-Talkhīṣ in rhetoric. Shaykh Muḥammad’s intelligence and perspicuity is demonstrated by the fact that he was his school’s valedictorian and scored the highest test scores of all his peers.
SHAYKH MUḤAMMAD’S CREDENTIALS
• Graduated from al-Qarawiyyīn University in Fes, 1957
• Doctorate from Sayyidī Muḥammad b. ‘Abdullāh University in Fes
• Professor of Jurisprudence and Legal Theory at al-Qarawyyīn University
• Member of the Scholar’s Council
• Member of the Royal Council of Consultation
HIS WRITTEN WORKS
Shaykh Muḥammad al-Tāwīl has authored a large body of research pertaining to modern issues of jurisprudence; most of which are found in the Moroccan newspaper, al-Maḥajja. He is a reliable source for detailed legal verdicts according to the school of the people of Medina, the school of Imām Mālik b. Anas—may Allah have mercy upon him. He has written many published and unpublished works.
Authors Bio credit to marifah.info