interest and islam

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interest and islam

Pracs
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#147

01-29-2009, 05:48 AM

<blockquote id="quote">quote<hr height="1" noshade id="quote">Originally posted by awaisaftab
 <blockquote id="quote">quote<hr height="1" noshade id="quote">Originally posted by Pracs
 Agreed with Canadian Pakistani and Augustus,.. but who is going to find the way out... little of shariah compliant banking that we have is not designed to be implemented en mass.. so what is the solution,? We cannot just shirk out of the Banking system all together.....

<hr height="1" noshade id="quote"></blockquote id="quote">
my dear brother many people don't know much about islamic banking.
According to legeal framework designed by State Bank of Pakistan the Sharia Complince of all islamic banks and financial insttitutions is legal requirement. The audit is conducted by Charted accountants and religious scholars.
Sharia compliance audit involve the reviewing and analysis of corporate activities and transactions to ensure their conformity to Islamic regulations based on the relative Fatwas, and reporting findings to those concerned to administer the necessary rectifications and augment performance.
<hr height="1" noshade id="quote"></blockquote id="quote">

You didn't seem to have understand my point here, the thread needs to be read atleast the last dozen posts to understand what is being said

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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

[No subject] - by KJK - 02-07-2004, 04:09 AM

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

[No subject] - by sumaaan - 03-19-2004, 07:00 AM

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