03-19-2004, 09:28 PM
Well sumaaan I thought we should discuss Islamic banking in Pakistan. I will appreciate if you provide little of your introduction. I agree with you regarding difference between riba and interest. Up to my knowledge riba is the word used in Arabic language and usury is the synonym word used in ancient English language. Then the word interest comes with a broad meaning like âwhat is my interest in thisâ. But what matter is only the real essence of using the terminology. Generally interest is used for riba.
Kindly mention some investments in which you thought interest is halal.
We all are happy to receive information in this regards espacially with reference to islamic banking and products offered currently like murabaha and ijarah.
Regards
Plz Smile ...... it cost just some pleasent breaths!