Thread: Islamiat 2014
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Old Monday, February 17, 2014
abbas khan 119 abbas khan 119 is offline
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Quote:
Originally Posted by Rida Malik View Post
5. Difference between Islamic Social System and Western Social System, the factors that differentiate them and whether they are of such magnitude to prevent mutual understanding, acceptance and co-habitation.

9. Simply, the reasons of failure of interest based financial system. Factors responsible for making it harmful like loan sharking- accumulation of interest- payback system manipulation etc, and as compared to that, the positive aspects of Islamic banking and if it could possibly replace interest based economy in future.
Q9 was simple you have made it complicated. It was: how can an islamic financial system be created in the presence of interest based financial system.
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