interest and islam

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interest and islam

sumaaan
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#42

06-26-2004, 07:08 AM

<BLOCKQUOTE id=quote><font size=1 face="Verdana, Tahoma, Arial" id=quote>quote<hr height=1 noshade id=quote>
Dear sumaan

am i appearing in a Exam???

being away from Pakistan i dont know what Al-Meezan bank does, however, i can definitely find out what they do or whether it is haram or halal.

here i would like to point out a fact that I have heard similar kind of responses from many people that if interest is haram then why
Al-abcxyz bank pay interest. we must understand that by putting "AL-" before any name doesnot mank a COMMERCIAL (interest paying) bank to a Islamic bank. we should also note that if a so-called islamic bank pays interest and calls it mark-up, profit or whatever it doesn't mean that rule about riba is wrong.

interest has nothing to do with what banks or muslims do, if u read my first msg u will find some very basic points why INTEREST IS HARAM and if u want to know more about it then please read a book "SOOD" by Maulana Maudoodi.

if u know the answer to ur question then please also enlighten our minds.

meanwhile i will try to find out the answers myself

Kind Regards

Azeem

<hr height=1 noshade id=quote></BLOCKQUOTE id=quote></font id=quote><font face="Verdana, Tahoma, Arial" size=2 id=quote>

Please try to go through the Page 2 of this thread... You'll find my answer there...

Shariah allows payment of interest as long as it complies with Shariah terms, just like Al-Meezan Bank operates (and also all other Saudi banks)... I have talked to various religious individuals who have proper knowledge about Islamic Economics... And they all have approved that Al-Meezan Bank's operations are in compliance with Islamic Economics.

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interest and islam - by mintblue - 01-12-2004, 11:17 PM

RE: interest and islam - by Linkin Park - 03-04-2015, 04:10 PM

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RE: interest and islam - by smraza - 03-18-2004, 09:12 PM

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