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According to the statement from Top Class of religion Islam, it says "Bank's job is not fair to make(earn) money because of that, it's majorly based on INTEREST". If one person doesnt find any job but a bank's job then he/she has the prvillege to join it but you dont need to make it a long term employement.
When you find an other job then you must need to switch from it immediately other than this it will start counting as un-fair money.
Islam doesn't want to make people's life hell. It gives an easy methods to adopt. Top on that earning from Bank doesnt involve God's blessing and thats why instead of you are paid more healthy amount in banks but you still demand for money.
I've seen too many people who earn afew dollars in a month but live happy life and they dont cry for money.
In case of Non-muslims they're blind in term of fair & un-fair money.What other people think about in this context?

2006-07-05 22:32:32 · 2 answers · asked by imran n 3 in News & Events Current Events

2 answers

Take it anyway, spend it.

2006-07-13 10:00:11 · answer #1 · answered by CottonPatch 7 · 0 0

Not sure what bank you know this to be true...But maybe you need to study how banks really work. Yes there is some interest earned (this mainly from loans and that should be the case...the customer is borrowing the $) BUT here in the states there is interest PAID OUT TOO (Certificates of Deposit, Money Markets & Savings, etc.) . The rates charged for loans tend to be only a percentage or two over the rate paid for investments accounts. Banks basically make their money off the fees of the other services provided. Predominitly OVERDRAFT Charges etc.. BUT THE BOTTOM LINE IS... the customer has the option of choosing which bank they wish to do business with - basing it on the banks fee sechedule. OR just not make the purchase or live beyond their means. Banks are a business like any other company. Are they not entitled to make a profit as well??

2006-07-05 22:47:04 · answer #2 · answered by pammy6446 2 · 0 0

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