In the name of Allah, the All-Merciful, the Most Merciful and may Allah bless His slave and messenger Muhammad and his family and companions and grant perfect peace.
?Unanimous Fatwa (Ruling) on Islamic Banks by the most Senior Islamic Scholars and Mufti’s from all the four Provinces of Pakistan. (This is the English translation of the last page of the fatwa where they conclude with a ruling signed by the Mufti’s as signatories, the full fatwa extends to a detailed judgment of …
Continue reading “Islamic banking is “Riba in a new get-up” say top Pakistani muftis”
Many interpret the string of bank, and now corporation, collapses as if the power elite were suffering, forgetting that banks and corporations are not the same as their shareholders, and their interests are not the same. If you understand the nature of the ‘corporation’, that it is regarded legally as a ‘person’, meaning that its …