25/11/2024
Islamic banking criticised
This text appears to be a collection of quotes and statements from various Islamic scholars, experts, and journalists, criticizing Islamic banking and labeling it as "haram" (forbidden) and equivalent to traditional interest-based banking. Here's a brief summary of the quotes:
* Dr. Israr Ahmed:
No Islamic bank in the world operates on a profit-loss sharing basis according to Islamic principles.(www.tanzeem.org)
* M***i Abdul Khaliq Azad:
Islamic banking is a big fraud, and it's not Islamic at all. (www.rahimia.org)
* Chartered Accountant:
The literal meaning of banking is taking or giving interest. That can never be Islamic !
([email protected])
* Orya Maqbool Jan (Journalist):
Islamic banking is like putting a soft drink (rooh afza) label on an expensive bottle of liquor.
([email protected])
* Sh Imran Nazir (International Scholar):
Islamic banking is usury/ interest/riba through the back door.
(YouTube: sh imran nazir - Islamic banking)
* M***i Zar Wali Khan:
20 prominent m***is have issued a consensus fatwa declaring Islamic banking as haram as traditional interest-based banking.
(YouTube:m***i zar wali on islami banking)
* Shahid Hasan (Economic Expert): Islamic banking uses deceptive tactics to justify interest and deceived Muslims, ultimately polluting shariah compliant muslims wealth.
(Jang.com.ok)
* Ground realities (Insiders)
All Islamic banks follow the laws and regulations of the State Bank of Pakistan international financial institutions, WB and the IMF, which are based on fixed rate of interest.
* Islamic banks also charge interest on loans or assets, fraudulently disguising it as a "profit-sharing" mechanism.
* Zafar Ramay (Journalist):
Islamic banking closes the door to repentance, making people complacent about Islamic banking as shariah compliant which is untrue and haram.
THAT IS WHY MUSLIMS ARE UNDER ALLAH’s CURSE & AZAB FOR DISOBEYING HIS PROHIBITION OF INTEREST COMMANDMENT
Pictorial expression is also requested in English
― The Founder Dr. Israr Ahmed Dr. Israr Ahmad, the second son of a government servant, was born on April 26, 1932 in Hisar (a district of East Punjab, now a part of Haryana) in India. He graduated from King Edward Medical College (Lahore) in 1954 and later received his Masters in Islamic... Read M...
