Quote:
Originally Posted by rehmanuddin
Since the birth of Banking system and interest based economies, islamic economic system which was interest free has vanished and due to globalization economies are now integrated with each other. So in this globalized world how it is possible to develop an interest free economic system????
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First define"Interest". I for one don't think that the concept of interest as used in modern economies is the same as the concept of interest prohibited in Islam.
2nd why do you want to develop a interest-free economy? If you want to introduce an entirely new economic model, you must back it up with arguments. Do you have conclusive proof that an interest-free economy is better than our current system?