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Islamic Banking Profit
We heard the views of ghamdi sahab on islamic banking
But does he consider it right for people to get profit by giving the islamic bank their money. As they are doing the business inside the fiqh boundaries. Or is it wrong that they are kind of playing with the shariah
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6 Replies
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Islamic Banking Profit
updated 4 years, 2 months ago
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Can you please clarify what you mean by Islamic bank and giving money?
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I mean the islamic banking system that has got so normal now. Which according to them follow the fiqh. Meezan bank has islamic banking for example. There are many independent ones as well
In normal banks we open a savings account and the bank gives us monthly interest on a fixed percentage
Islamic banks ask us to open account but they dont give interest according to them and neither on fixed percentage but rather they say that they invest our money with some other company n business. We both get to be equally involved in profit and loss and the amount fluctuates according to the business
All this so that all transactions fall in the framework of our fiqh. Maulana taqi usmani has played a great role in this system
What are the views of ghamdi saab on this
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you may find answer to your question here
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For comments by Ghamidi Sahab, please refer to the video below from 21:03 to 27:01
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Further clarification in this regard:
Please refer to the video below from 33:21 to 37:44
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Jazakallah
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