Expand the description and view the text of the steps for this how-to video. Check out Howcast for other do-it-yourself videos from paigeonepictures and more videos in the Fast Cash category. You can contribute too! Create your own DIY guide at www.howcast.com or produce your own Howcast spots with the Howcast Filmmakers Program at www.howcast.com Asking a friend or family member for money is a sensitive undertaking. If you take the necessary steps, you’ll get what you need and ensure them that their money will be repaid. To complete this How-To you will need: A list of friends A calculator A contract Step 1: Decide who to ask Make a list of friends and family members who you would like to ask to borrow money. Step 2: Calculate how much you’ll need Calculate how much money you’ll need. Write it down in a contract format. Tip: You can find generic contracts online. Step 3: Write down what it will be used for Write down what the money will be used for with as much detail as possible. Step 4: Develop a repayment timeline Develop a timeline for repayment, and add that to the contract. Tip: Offer up collateral if possible — a car, a piece of jewelry, or something else of value. It should be worth close to what you’re borrowing. Step 5: Make an appointment Make an appointment or arrange a meeting to ask them in person. Step 6: Present the plan Present the amount needed, what you need the loan for, and the repayment plan. Offer to have it notarized once you reach an agreement …

Page 3 of 3 BACK-DOOR RIBA Islamic Banks and other Islamic financial institutions are today lending money on interest through the back-door by disguising a loan as a sale on credit. They call it murabaha! But it is most certainly not murabaha! It is Riba! What the bank does is to offer an item on sale in a credit transaction with a price substantially higher than the cash price. While credit transactions are Halal, since the blessed Prophet (sallalahu ‘alaihi wa sallam) himself engaged in such transactions, there is no evidence that the credit price in such transactions was ever higher than the cash price. When credit price is higher than cash price then the implication would be that time has value. And the essence of Riba is that money grows over time. When a client wishes to purchase something, but does not possess the cash with which to purchase it, the so-called Islamic bank enters into the fiction of purchasing the item at its cash price and then selling it to the client on credit. The interest charges are added to the selling price thus making a credit price for the item substantially higher than the cash price. In fact the bank never actually purchases the item. Rather, it writes out a check to the client who then purchases the item in his name with the bank holding a lien on the item until the sale price is eventually paid to the bank. The bank therefore sold something that it never actually owned — and that is Haram! In actual fact the ‘sale’, also, was entirely …
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