There is no conflict between the Sharia and the law in determining the source

  • Thursday: Everything you stole is written down, and if you don’t steal, it will come to you, as you hurried
  • Al-Enezi: Fraud, fraud, money laundering and money laundering are prohibited methods, both legally and legally
  • Al-Abd Al-Moneim: Illegal behavior that strengthens the hidden economy and a black mark at the forefront of the economy

The Anti-Money Laundering Act, what are its implications for our economy? What are the sources of money laundering? Is there a conflict between the Sharia and the law in determining the source of illicit funds?

Sheikh Dr. Othman Al-Khamis asks: How does a Muslim get money without caring where that money comes from and whether it is legal or forbidden?

Is it for the worldly sake? Don’t people now think about halal and haram? What we are hearing now about money laundering is unfortunate. Doesn’t he know that our lives are written and that what Allah has written for you from provision you will take if you steal then you will take, and if you don’t steal. then you will take and if you lie then you will take and if you don’t lie then you will take and if you bribe you will take and if you don’t bribe then you will take because God wrote that for you, He wrote the nafaka for you while you were in your mother’s womb, and that is proof that you do not believe in the truth of what the Prophet, peace and blessings be upon him, told him and in the truth of what God, blessed and exalted be He, said (No trouble befalls you on Earth or in yourselves except in the Book before but We bring it. That is easy for God).

And added: Where is our faith in justice and destiny? Where do we have faith that nothing will happen to us except what God decrees for us, where do we have faith that existences are written down, we gasp for dunjaluka and dirhems, many thieves entered prisons and did not get anything of what they stole, and some thieves stole and got money.

And Sheikh Al-Khamis said: I swear by God, O people who launder money, O thieves, and thieves, and those who bribe and cheat, I say to them that everything you stole is written for you, and if you did it, do not steal , and if you had not cheated, you would have come, then you hastened and took the sin of money, and if it is not written down that you took one penny from him, then we must fear God and do not sell our faith for someone else’s life.

Sharia laws

For his part, Dr. Saad Al-Enezi says: If faith and fear of Almighty God are absent in a person, it results in non-observance of what is permitted and prohibited, and non-observance of laws and methodology. Sharia, and that the separation of work from the relationship with God in one’s behavior, mind and way of thinking, leaving aside the fear of punishment, and money becomes its own goal. societies.

All these methods that are prohibited by law are one thing that cannot be separated from each other in terms of inviolability and crime, and these methods are among the main components of the gray economy from which the economy of every country suffers as a direct result of these violations, and one of the best readings that I have seen in this regard is the term money laundering which is inseparable from money laundering in meaning, connotation and concept, because they meet in all purposes, which means the use of illegal tricks, means and methods to dispose of illegally obtained funds in order to give them legitimacy and legality, including funds obtained through bribery, embezzlement, commercial fraud, counterfeiting and secret reward activities.

dr. El-Enezi believes that in this area there is no conflict between the Sharia and the law, but that the law has come to serve the Sharia and its provisions and goals, guarding money and preventing everything that leads to corruption in it.

hidden economy

Regarding the economic effects of money laundering and the role of banks in the fight against money laundering, a member of the Kuwait Center for Islamic Economics, Dr. Abdullah Khaled Al-Abd Al-Moneim, explains this by saying:

The phenomenon of money laundering is considered one of the illegal behaviors that promote the shadow economy, since this economy includes many illegal economic activities such as tax evasion, money laundering, trade in prohibited and prohibited goods such as drugs and the like, financing administrative and political corruption, etc. , and there is no doubt. In it, the hidden economy makes up almost a quarter of the gross domestic product (GDP) of some of the world’s largest economies, which is a dangerous indicator of the decline of human, moral and civilized behavior over the centuries.

So, it is noted that money laundering is a black spot at the head of this economy, in a way that money of illegal origin is transferred and then given the status of legality, so from there we can say that money laundering operations or as some call money laundering operations go through three stages: depositing money Prohibited at banks, transferring to other bank accounts managed by criminal institutions or illegal activities, combining these funds and injecting them into the economy by turning them into goods or services that form an economic bubble (Bubble) . All these stages go through deliberate steps in order to avoid, as much as possible, the eyes of the supervisory authorities of the banking sector.

Central banks have done well by obliging banks to establish a unit to combat money laundering and terrorist financing, with the aim of drying up the source of these illegal operations and their damage to the economy. And the Islamic Sharia forbade money laundering operations, emphasizing good profits and intimidating malicious profits, as the Almighty God said: (O believers, spend the goods you have earned), so the prohibited money, i.e. intended for laundering, is from “illegal” on which Islam warned, As in the saying of Almighty God: (They listen to lies, they eat what is forbidden).

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