07-10-2007, 11:17 PM
@Shahnaz
Well, it really is crystal clear that no one can hold his savings (whether they be a huge saving or merely a small one) with himself for long, for the apparent reasons of security n' one surely has to deposite his saving in a bank. When the question of Islamic or conventional banking arises, not many ppl know, in the real sense, what is meant by Islamic banking nâ whoever is claiming to be the follower of Islamic guideline in this sector appeals much to an âaverage-knowledgedâ person.
U r of the view that when one knows that there is no Islamic banking in Pakistan nâ even in the whole world, its better to deposite oneâs savings in a conventional banking rather than in a so-called Islamic bank nâ that depositing with such banks is nothing but deliberately joining an un-Islamic act which tantamount to a greater âsinâ. Sorry, I disagree with u at this point. Coz the conventional banks openly confess that they work on the principles of interest nâ depositing oneâs funds with them would surely be not a smaller mistake (or sin), in itself. U might have heard an Urdu maxim âGunah wo bhi hai jo aik jahil karay aur wo bhi hai jo aik alim karay magar aik alim ki ghalti aik jahil ki ghalti se barri (big) hoti hai quin k wo tu andha hote huay quain (well) main gir gia aur ye ankhain hute huay bhi uss main ja giraâ. The only reason to relate the maxim is that when one is 100% sure that the conventional banks operate on the only principle of interest nâ knowingly gets himself involved in the spreading and expansion of a system that is contradictory to the teachings of Islam, is obviously not serving Islam.
On the other hand, those who claim of Islamic banking âdeclareâ it that they are working on the basic principle of âpro rataâ. In case they arenât, I think they themselves would be responsible for misleading others. Those who think them to be fair in their deeds would not be held responsible. Coz the banks would be misleading (or speaking more straightforwardly, befooling others) the general public in the name of Allah or Islam. Anyone with a little or no knowledge of Islamic banking would prefer them for the reason that they have the fear of Allah Almighty nâ Allah is well aware of everyoneâs intentions nâ always awards His persons for their fair nâ honest intentions. So why not to play oneâs own role towards a âfair gameâ???
Alternatively, one can open an account titled fixed deposite account (or something like that) which earns no interest. What about the authentication of this idea???
Well, it really is crystal clear that no one can hold his savings (whether they be a huge saving or merely a small one) with himself for long, for the apparent reasons of security n' one surely has to deposite his saving in a bank. When the question of Islamic or conventional banking arises, not many ppl know, in the real sense, what is meant by Islamic banking nâ whoever is claiming to be the follower of Islamic guideline in this sector appeals much to an âaverage-knowledgedâ person.
U r of the view that when one knows that there is no Islamic banking in Pakistan nâ even in the whole world, its better to deposite oneâs savings in a conventional banking rather than in a so-called Islamic bank nâ that depositing with such banks is nothing but deliberately joining an un-Islamic act which tantamount to a greater âsinâ. Sorry, I disagree with u at this point. Coz the conventional banks openly confess that they work on the principles of interest nâ depositing oneâs funds with them would surely be not a smaller mistake (or sin), in itself. U might have heard an Urdu maxim âGunah wo bhi hai jo aik jahil karay aur wo bhi hai jo aik alim karay magar aik alim ki ghalti aik jahil ki ghalti se barri (big) hoti hai quin k wo tu andha hote huay quain (well) main gir gia aur ye ankhain hute huay bhi uss main ja giraâ. The only reason to relate the maxim is that when one is 100% sure that the conventional banks operate on the only principle of interest nâ knowingly gets himself involved in the spreading and expansion of a system that is contradictory to the teachings of Islam, is obviously not serving Islam.
On the other hand, those who claim of Islamic banking âdeclareâ it that they are working on the basic principle of âpro rataâ. In case they arenât, I think they themselves would be responsible for misleading others. Those who think them to be fair in their deeds would not be held responsible. Coz the banks would be misleading (or speaking more straightforwardly, befooling others) the general public in the name of Allah or Islam. Anyone with a little or no knowledge of Islamic banking would prefer them for the reason that they have the fear of Allah Almighty nâ Allah is well aware of everyoneâs intentions nâ always awards His persons for their fair nâ honest intentions. So why not to play oneâs own role towards a âfair gameâ???
Alternatively, one can open an account titled fixed deposite account (or something like that) which earns no interest. What about the authentication of this idea???
