Implementation of Islamic Economic system is of course the best way to eradicate the evil of interest which is prevailing like a chaos in our country.
A number of question arises on the Islamic banking, specially in Pakistan.
Islam strictly prohibits interest yet is it possible to implement Islamic economic system In our country? The concept of Mudarbah has been under discussion since ages and some of the scholars have concluded it as totally against shariah.
If we have a look on the banks which are rapidly opening subsidiaries using the slogan of Islam, are using the same treasury at a time for the conventional and Islamic banking. If it is so then wouldn’t it be a method of tricking people on the name of religion?
People on investing their capital try to minimize the chances of risks as much as possible. So do the investors of Islamic banking, yet I have never heard anybody claimed that he or she had to share a loss on their saving accounts.
I would like the aspirants to give their opinions.
Regards,
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