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  • Islamic Banking Profit

    Posted by Muhammad Ahmed on October 12, 2020 at 3:28 pm

    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

    Muhammad Ahmed replied 3 years, 9 months ago 4 Members · 6 Replies
  • 6 Replies
  • Islamic Banking Profit

    Muhammad Ahmed updated 3 years, 9 months ago 4 Members · 6 Replies
  • Faisal Haroon

    Moderator October 14, 2020 at 8:13 am

    Can you please clarify what you mean by Islamic bank and giving money?

    • Muhammad Ahmed

      Member October 14, 2020 at 8:28 am

      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

  • Dr. Irfan Shahzad

    Scholar October 16, 2020 at 10:03 am

    you may find answer to your question here

    https://youtu.be/0DkBd9xTptQ

  • Umer

    Moderator October 16, 2020 at 12:29 pm

    For comments by Ghamidi Sahab, please refer to the video below from 21:03 to 27:01

    https://youtu.be/ul_NWl91sTE?t=1263

  • Umer

    Moderator October 17, 2020 at 6:59 pm

    Further clarification in this regard:

    Please refer to the video below from 33:21 to 37:44

    https://youtu.be/u1KLa2jaSX4?t=2001

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