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Unethical Nature Of Principal-Secured Financing
in Sir Ghamidi’s view their is no problem in “in principle saved financing”, how ever Mufati Taqi Usmani in his book “Islamic Economics” quotes that (الربح على ما اصطلحوا عليه والوضيعة بقدر رأس الـمال) sharing profit and lose is indeed Islamic view of partnership and he says that the mentioned statement in arabic is indeed قاعده فقهی jurist principle for business. my question is that ” how sir Ghamidi views that there is no problem in principle saved financing.”
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