07-08-2007, 03:44 PM
Islam has forbidden RIBA, and the present day intrest falls in the category of RIBA, things can't be so simply explained.
Being scholar is something different, I'm just a student having very little knowledge on this subject. However, my little knowledge makes me to belive that today's Islaming banking is not different from normal banking. Different means have been adopted to reach to same results. I'm not sure how can this constitute the difference between Halal and Haram.
You talked bout that Islamic Banking would be a blast in today's banking, however, you totally failed to explain HOw!!
As regards SBP's emphasis, its been long since SBP is empahsing rather directing the commercial bank to share more with the deposit holders (especially in present governers regime). But all this emphasis is to no avail.
Being scholar is something different, I'm just a student having very little knowledge on this subject. However, my little knowledge makes me to belive that today's Islaming banking is not different from normal banking. Different means have been adopted to reach to same results. I'm not sure how can this constitute the difference between Halal and Haram.
You talked bout that Islamic Banking would be a blast in today's banking, however, you totally failed to explain HOw!!
As regards SBP's emphasis, its been long since SBP is empahsing rather directing the commercial bank to share more with the deposit holders (especially in present governers regime). But all this emphasis is to no avail.
