04-04-2005, 05:14 AM
I wouldn't put it that way, an accountant may at times be or not be instrumental in an interest infested transaction.
But care to think, if Muslims in Islamic countries side line themselves from interest all together, who do you think will run the economy ?. We can perhaps work in some way to support a shariah compliant Banking system, a lot of work is already being done all over the muslim world. Hopefully some time in the near future we may have found a more Islamic system, until then ofcourse things are as they are.
The way interest is part of the economy, I think no one can actually escape interest in one way or the other. The Government of Pakistan is an interest payer and earner, so any thing that the trade corporation of pakistan purchases, seeds, fertilizers etc. all go through interest. So what do we do?
Perhaps a little reading on the Interest thread could help you make a more informed decision
http//www.accountancy.com.pk/forum/topic.asp?TOPIC_ID=639&whichpage=6&SearchTerms=interest
But care to think, if Muslims in Islamic countries side line themselves from interest all together, who do you think will run the economy ?. We can perhaps work in some way to support a shariah compliant Banking system, a lot of work is already being done all over the muslim world. Hopefully some time in the near future we may have found a more Islamic system, until then ofcourse things are as they are.
The way interest is part of the economy, I think no one can actually escape interest in one way or the other. The Government of Pakistan is an interest payer and earner, so any thing that the trade corporation of pakistan purchases, seeds, fertilizers etc. all go through interest. So what do we do?
Perhaps a little reading on the Interest thread could help you make a more informed decision
http//www.accountancy.com.pk/forum/topic.asp?TOPIC_ID=639&whichpage=6&SearchTerms=interest
