Thread by @Adil_IFI

The Glazers' takeover of Manchester United is a prime example of the evils of interest (Riba) in modern finance.

Here's a short thread on how it damaged the club and why Sheikh Jassim must be the new owner. 1/5 #MUFC #GlazersOut #IslamicFinance

The interest-based debt from the takeover saddled #MUFC with massive financial burdens.

To date ~ $1bn has been used for interest payments leading to reduced investment in the club and limited success on the pitch. This perfectly illustrates the negative impact of Riba. 📉2/5

In Islam, interest (Riba) is strictly forbidden 🚫 due to its exploitative nature.

Instead of relying on debt, the Glazers should have paid with cash or used equity-based financing, ensuring a sustainable future for the club. 3/5

By adopting an interest-free approach, the club could have focused on sustainable growth, leading to long-term success, and benefiting fans, players, and the community.

The interest repayments alone could have refurbished Old Trafford which has rotted under their ownership. 4/5

The Glazers' takeover is a cautionary tale of the dangers of interest.

Now their only hope appears to be Sheikh Jassim’s bid which promises to make them debt-free again and is clearly the fan's favourite highlighting the appetite for debt-free solutions in finance. 5/5 #MUFC