[islam-info] Islamic Banking in Focus

[Islam-Australia Inc]

Assalamualaikum wa Rahmatullah,

Please visit the links below if you are interested in this topic.

Saudi Gazette - Global crisis: 'US learning Islamic banking features' 
26 Oct 2008 ... Global crisis: 'US learning Islamic banking features' ... of Islamic banking that might help in tackling the current financial crisis, ...

 
Islamic banking escapes fallout: ISLAMIC banking has largely escaped the fallout from the global financial crisis, thanks to rules that forbid the sort of risky business that is felling mainstream institutions.


FOR YOUR INFO:
Following verses from the Quran can sum up the current financial crisis.
 
Allâh will destroy Ribâ (usury) and will give increase for Sadaqât (deeds of charity, alms, etc.) And Allâh likes not the disbelievers, sinners. 
(Al-Baqarah 2:276) 

 
O you who believe! Be afraid of Allâh and give up what remains (due to you) from Ribâ (usury) (from now onward), if you are (really) believers. 
And if you do not do it, then take a notice of war from Allâh and His Messenger but if you repent, you shall have your capital sums. Deal not unjustly  and you shall not be dealt with unjustly. 
(Al-Baqarah 2:278-279)

 

Wassalam

Muhammad Altaf.



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