09-21-2004, 08:11 PM
so do we agree that
receiving int. is forbidden
paying int. is open to question
In reaching to the conclusion have we given consideration to the following
1 The unit of exchange has been changed over the last 600 years.
2 What was the thrust of riba regulations at the time. Did it change
over years.
3 in case of bribery, if a clear cut regulation is available which
places both payer and receiver of such in the same catagory, why
not the same principle applied in interest regulation. If one reads
Quran, (para 3). the only reference is to the receiver, why not any
reference to the payer.
Everybody will tell you the historic facts which best suits their beliefs or rather I would say which reflects their own level of understanding and education. Mulana Modidi,s understanding was good but it can be inaccruate. So one must read it with this reservation.
receiving int. is forbidden
paying int. is open to question
In reaching to the conclusion have we given consideration to the following
1 The unit of exchange has been changed over the last 600 years.
2 What was the thrust of riba regulations at the time. Did it change
over years.
3 in case of bribery, if a clear cut regulation is available which
places both payer and receiver of such in the same catagory, why
not the same principle applied in interest regulation. If one reads
Quran, (para 3). the only reference is to the receiver, why not any
reference to the payer.
Everybody will tell you the historic facts which best suits their beliefs or rather I would say which reflects their own level of understanding and education. Mulana Modidi,s understanding was good but it can be inaccruate. So one must read it with this reservation.
