08-17-2011, 08:58 AM
in islam you pay zakat on your savings, and no charges, levy etc on your expenditures, now you get interest on your saving and pay no zakat and pay taxes on your expenditure.
conventional banking system is a curse and it is the breed of YAHODES. we should promote islamic banking so curse of interest can be removed. people thinks interest is still being used in islamic banking with different name, it is not like that, islamic banking mostly deals in profit and loss basis
conventional banking system is a curse and it is the breed of YAHODES. we should promote islamic banking so curse of interest can be removed. people thinks interest is still being used in islamic banking with different name, it is not like that, islamic banking mostly deals in profit and loss basis