1- Why people (Muslims and Muslims) are willing to be interested in Islamic Banking Services instead of the conventional ones?
2- And why is it important for Non Muslim countries to comply to the Sharia’a Law, if it has already a good banking or financial system?
3- How countries should rally and work together to make the Sharia Compliant desirable for both the government and people?
Why people (Muslims and Non Muslims) are willing to be interested in Islamic Banking Services instead of the conventional ones?
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Comments: One comment
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Anarchlown
July 17th, 2009 at 12:19 am
Conventional banking has shown itself to be a greedy, rapacious monster incapable of handling it’s own affairs. Islamic banking is based on the principles that it’s immoral to lend money at interest, and that it’s immoral to profit from dishonest and irreligious practices, even at a distance.
Christianity contains the same instructions, which is why traditionally the Jewish people in Northern Europe formed the majority of money lenders – because Christians were forbidden to lend at interest, they essentially forced the Jewish population to do it for them.
Organised international banking is essentially a parasite on society, existing solely to profit from the inadequacies of the exchange system. Islamic banking, in common with other attempts at ethical banking practices, represents an attempt to address this problem while recognising the need for banks, and of the necessity of access to capital for society.
He lends at usury and takes excessive interest. Will such a man live? He will not! Because he has done all these detestable things, he will surely be put to death and his blood will be on his own head. (Ezekiel 18:13)
If you lend money to one of my people among you who is needy, do not be like a moneylender; charge him no interest. (Exodus 22:25)
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