01-19-2007, 03:50 PM
Salam Buddy,
After reading all the stuff you have provided i appreciate you for having such a brilliant mind and raising such a rebellious issue. Actually, we have no certain solution for the issue. The problem is that we have not integrated Islam with other studies i.e. integrating "deen<font face="Times New Roman"></font id="Times New Roman">" with "dunia". Even being provided with such a comprehensive religion we still donât understand the real sense of it and the credit goes to our religious scholars. They should also study sciences together with studying Islam so that to enable them understand these matter and give solutions in the light of Islamic view point. I think there should be sub-specializations to there field which adress all the fields of "dunia".
I was astonished to see how insensibly these scholars behave, they are not actually
realizing there responsibilities. I watched a TV program name âAalim Onlineâ
a very popular program on Islamic issues and found that they have no idea of what an interest is.
A mualwi invited in the program was asked to comment on House Building Finance provide by the banks. He replied that if bank give such a loan, it is not haram. For example if you are paying Rs.25 lac for a house having actual price Rs. 20 lac, you are supposed to consider as if the value of the house was Rs. 25 lac. He was ignoring the fact that interest calculation is used in arriving at the amount payable.
After all the observation I donât think that we can rely on them.
About your issue, I totally agree that if the interest rate is equal to the inflation rate, it should be allowed, but not above that, as you will retain the real value of your investment.
But if you are sensible, then why you will invest? Just to retain the value of your investment?
Hope my post will give you some satisfaction.
Take Care
After reading all the stuff you have provided i appreciate you for having such a brilliant mind and raising such a rebellious issue. Actually, we have no certain solution for the issue. The problem is that we have not integrated Islam with other studies i.e. integrating "deen<font face="Times New Roman"></font id="Times New Roman">" with "dunia". Even being provided with such a comprehensive religion we still donât understand the real sense of it and the credit goes to our religious scholars. They should also study sciences together with studying Islam so that to enable them understand these matter and give solutions in the light of Islamic view point. I think there should be sub-specializations to there field which adress all the fields of "dunia".
I was astonished to see how insensibly these scholars behave, they are not actually
realizing there responsibilities. I watched a TV program name âAalim Onlineâ
a very popular program on Islamic issues and found that they have no idea of what an interest is.
A mualwi invited in the program was asked to comment on House Building Finance provide by the banks. He replied that if bank give such a loan, it is not haram. For example if you are paying Rs.25 lac for a house having actual price Rs. 20 lac, you are supposed to consider as if the value of the house was Rs. 25 lac. He was ignoring the fact that interest calculation is used in arriving at the amount payable.
After all the observation I donât think that we can rely on them.
About your issue, I totally agree that if the interest rate is equal to the inflation rate, it should be allowed, but not above that, as you will retain the real value of your investment.
But if you are sensible, then why you will invest? Just to retain the value of your investment?
Hope my post will give you some satisfaction.
Take Care
