12-14-2003, 12:59 PM
Real meaning of riba is exploitation- if interest results in suffering or exploitation or unjust- then only it is forbidden.
It is very clear that Islam has forbidden specifically to interest appearing at that time.
It refers to unjust usury as it appeared 14 centuries ago.
Modern day banking interest for business purpose is just and profit sharing based on certain rationale and logics- it is scientifically computed profit share. There is no alternative to this form of banking.
Whatever Islamic banking prevails today is based on same principles- interest is charged by alternative means and it is simply legitimized by superfluous paper work.
Paper work is unnecessary for God- because he knows our intentions.
So-called trade and profit sharing- if not done in just and honest and ethical manner is equally forbidden like interest.
It is disappointing that while world is going forward- we are still debating for last 15 centuries on non issue like interest.
There are worse evils in our society like corruption-dishonesty- injustice- women and child abuse- lawlessness- this is a long list.
We must concentrate on removing these other and worse evils.
Jewish lobby have deliberately brain washed Muslims into renouncing
Banks and finance and insurance- because if Muslims grab it - they will achieve finance power- Zionist do not want Muslims as bankers and they do not want Muslims to control it- so they have planted this idea- and unfortunately- we do not wisdom to differentiate between unjust interest and modern day just and fair interest for business purpose and profit sharing.
If we decide to share profit honestly then perhaps it is a different issue- but show me one single Muslim who will compute honestly a share of profit for others- look at our corporate sector
It is very clear that Islam has forbidden specifically to interest appearing at that time.
It refers to unjust usury as it appeared 14 centuries ago.
Modern day banking interest for business purpose is just and profit sharing based on certain rationale and logics- it is scientifically computed profit share. There is no alternative to this form of banking.
Whatever Islamic banking prevails today is based on same principles- interest is charged by alternative means and it is simply legitimized by superfluous paper work.
Paper work is unnecessary for God- because he knows our intentions.
So-called trade and profit sharing- if not done in just and honest and ethical manner is equally forbidden like interest.
It is disappointing that while world is going forward- we are still debating for last 15 centuries on non issue like interest.
There are worse evils in our society like corruption-dishonesty- injustice- women and child abuse- lawlessness- this is a long list.
We must concentrate on removing these other and worse evils.
Jewish lobby have deliberately brain washed Muslims into renouncing
Banks and finance and insurance- because if Muslims grab it - they will achieve finance power- Zionist do not want Muslims as bankers and they do not want Muslims to control it- so they have planted this idea- and unfortunately- we do not wisdom to differentiate between unjust interest and modern day just and fair interest for business purpose and profit sharing.
If we decide to share profit honestly then perhaps it is a different issue- but show me one single Muslim who will compute honestly a share of profit for others- look at our corporate sector
