09-25-2003, 05:49 AM
After Holy prophet (PBUH).... legislation in islam came to an end. However, few avenues were left open ranging up to IJTIHAD. Historically, interest dates back to pre Holy Prophet PBUH times. The modern shape is found in the jewish set of rules re interest based financing. It is interesting to know, that Interest is not allowed with in Jewish ocmmunity, ie jews dont charge int. to jews. however, it is prefect to other people ( as per their belifs). Well, we dont disagree with their beliefs. If this it their religious position, we respect this value. However, Islam changed it all. One needs reading Quran Pak, i think its the second SIPARA. It will be a revalution to most of my friends here, if they themself read this, rather than asking a mulvi (who are absolutly useless). If anybody has difficulty directing, please let me know and i will try and locate the precise reference. I would welcome the views of anybody who has done any research on this topic.
finally, thanks RAZA for brining up such an important topic.
finally, thanks RAZA for brining up such an important topic.