09-06-2006, 03:24 PM
Hello
Whether you may like or not, there is no concept of Banking in Islam. Islam believe in Business by way of "Musharika" & "Modaraba".Banking cannot be done without "interest" or "Riba". People and so called mufti's are changing the name of interest and other terms and implementing the normal banking system as "Islamic Banking".
Note These are my personal views.
Whether you may like or not, there is no concept of Banking in Islam. Islam believe in Business by way of "Musharika" & "Modaraba".Banking cannot be done without "interest" or "Riba". People and so called mufti's are changing the name of interest and other terms and implementing the normal banking system as "Islamic Banking".
Note These are my personal views.