09-13-2004, 06:26 AM
I think no one on this thread ever doubts the fact that RIBA is haram.. the question ise that we cannot close our eyes on the truth,.. today's economic and social world is based on interest,.. our challange is to bring the financial and economic system within the helm of Islamic principles... we as the financial community are lethargic of the fact that so less 'IJTIHAD' is undertaken to address the issue. That is where we blame the mullahs and the scholars of Islam, they have put in more energies on issues of trivial matter than this one. Undoubtdly a lot of work has been undertaken and more is in the pipeline. Fifty plus Muslim countries who represent a billion plus muslims follow interest based economies, some have introduced parallel shariah compliant banking systems.. we hope that this spills over into the mainstream...
For Sure Allah knows better.
"Allah does not change the state of people unless they change what is within themselves" Quran 1311
For Sure Allah knows better.
"Allah does not change the state of people unless they change what is within themselves" Quran 1311