If it is wrong, why muslim scholors have not been able to provide an interest free banking system, despite shouting that it is wrong. There are some banks who say that they do interest free banking but they decieve by giving a new name to the 'interest'.
2006-10-24 07:21:40 · 4 answers · asked by jikg 3 in Society & Culture ➔ Religion & Spirituality
I agree with this and this is hypocrisy on the county's that supposedly have this system. They also have loans where there is no interest but instead they charge a loan fee which amounts to more than the interest would have been and is charged up front so that you do not get a rebate of you pay the loan off early. Also most of those Saudi millionaires don't keep their money in Saudi Arabia but instead keep it in banks that pay interest.
2006-10-24 07:53:41 · answer #1 · answered by brendagho 4 · 0⤊ 0⤋
you're conversing with reference to the USA of a banking equipment. no longer all international places have the comparable banking equipment. some are lots greater efficient than others. Many prosperous individuals desire to financial enterprise in different international places including Bermuda, or Switzerland, the place the banks are greater sturdy and pay greater efficient pastime. Likewise, many international locations are lots worse than the USA of a , like Greece or Zimbabwe. each united states has a mandatory national financial enterprise to regulate the interior maximum banks and cope with the money grant. and not using a mandatory financial enterprise, there'd be no national forex and banks might go broke so lots greater.
2016-10-02 22:05:19 · answer #2 · answered by Anonymous · 0⤊ 0⤋
see islamic banking and stop being stupid ,search then talk
2006-10-24 07:25:54 · answer #3 · answered by Anonymous · 0⤊ 0⤋
They all want their share
2006-10-24 07:23:50 · answer #4 · answered by Anonymous · 0⤊ 0⤋