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Steps To Eradicate Riba
Assalamualaikum.
1. I would like to know where are detailed recommendations by Ghamidi Sahab to systemically eradicate Riba.
2. As I am not an expert in fiqh or legal jurisprudence I would humbly request any scholar to kindly take a look at the banking system of ‘ Bank Al Islami ‘ in Pakistan and kindly tell if it complies with the religious directives.
Also if any Scholar has any information on any bank or account system which does not involve Riba or participate in it kindly do tell.
Thanking you in anticipation.
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2 Replies
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Steps To Eradicate Riba
updated 2 years, 3 months ago
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Ghamidi sahab has discussed riba in a lot of detail in the following series:
Part 23 of the series covers suggestions to the banking industry such that they can conduct their business without riba.
Generally speaking, there are no banks at this time in my knowledge that are completely free from riba. Unfortunately it’s not possible to simply look at a bank and understand their business model in order to comment on it. After watching the above series, you might be able to ask pertinent questions to the bank staff in order to ascertain on your own whether their model is free from riba.
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Jaza k Allahu khaira.
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