I realise that in strict obserance of the Koran, usury is forbidden, but the rate of interest offered by most banks in investment accounts is way below the actual current rate of inflation. So no one would be defrauded or exploited and you would benefit as your monies lying static would only lose due to depreciation/inflation.. And even if it did turn a profit, would not this be a convenient way of offering 'Zakat' ? It would certainly help the economy out there as a whole.
2006-11-14 17:38:43 · 14 answers · asked by troothskr 4 in Society & Culture ➔ Religion & Spirituality
Good question,yes muslim can use islamic bank.which is avaiable everywhere now a days.
2006-11-14 18:24:42 · answer #1 · answered by Anonymous · 2⤊ 0⤋
Ever heard of Grameen Bank. The founder has just won the Noble Prize.
Islamic banking has been gaining popularity recently. Just do a google search to find out more.
2006-11-15 03:32:56 · answer #2 · answered by Avatraz 3 · 0⤊ 0⤋
most Muslims in western countries do now.... b/ it would be very hard to live a normal life without doing so.... however for Muslims that are more strict about this there are a few Muslim banks that offer loans and such interest free
asalamwalaikum
2006-11-15 02:30:09 · answer #3 · answered by Living MyTruth 2 · 2⤊ 0⤋
It's amazing that they don't pay interest on loans etc. I woul like to know if they accept any return on an investment. Yes they do bank but they get better packages than us.....why........because they're muslim.
2006-11-15 04:32:26 · answer #4 · answered by ? 2 · 0⤊ 0⤋
yes , they do, however the bank interests are haram ( wrong) in islam ,so there are so many fatwas how to deal with this matter, also so many banks now started to take care of that for muslims , and more over there are many islamic banks now in many countries.
2006-11-15 05:01:47 · answer #5 · answered by Anonymous · 0⤊ 0⤋
yes they use banks but some muslims use only current account without any interest.or they prefer to do islamic banking
2006-11-15 04:17:51 · answer #6 · answered by Eccentric 7 · 0⤊ 0⤋
Have you ever been to any Muslim country where they have banks for all the Muslims? No? Go and visit Malaysia. (the country above Singapore)
2006-11-15 03:12:56 · answer #7 · answered by Calvin 2 · 0⤊ 0⤋
Muslims have a great attitude when it comes to money
the West should adopt the no-interest policy.
(apparently) even Jesus threw the money lenders out..
and I really hate Banks....
2006-11-15 04:48:51 · answer #8 · answered by DogmaDeleted 5 · 4⤊ 0⤋
My husband and I do. I haven't heard anyone saying it's wrong unless they are extremists, and these same extremists deny that women have rights and need "permission" to even open the window.
2006-11-15 03:03:45 · answer #9 · answered by Anonymous · 0⤊ 0⤋
They must do. I've seen an actual Muslim bank in Leicester.
2006-11-15 06:20:48 · answer #10 · answered by Dotty 4 · 0⤊ 0⤋