Distinguishing Between the Lawful and the Forbidden in Financial Transactions

Question:
Muhammad Sa'id from Riyadh says: The lawful is clear and the forbidden is clear, but how do I distinguish that through my financial transactions?

Answer:
(peace and blessings be upon him) Many people do not know them. There is a clear lawful, such as food and drink, and the permissible items of clothing, food, and beverages that Allah (Mighty and Majestic) has made lawful for His servants. There is a clear forbidden, such as unlawful sexual intercourse, theft, drinking intoxicants, consuming riba (usury or interest), and consuming the wealth of orphans, as well as other major and minor sins. There are also ambiguous matters where it is not known whether they are lawful or forbidden because the evidence conflicts regarding them. Only the scholars of knowledge know these; one should refer to the scholars of knowledge regarding them. As for the layperson and the ignorant, he should not enter into them, but rather avoid them so that he is cautious regarding his religion and his honor, as the Messenger (peace and blessings be upon him) said. Yes.

The presenter:
May Allah reward you,