Mufti Taqi Usmani - Riba (QnA Session)
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No free lunches in Islam. Effort is encouraged. It could be understandable if Financing Institutions just charged a service fee for lending and borrowing but how can they share in the profit with the borrower when the money they are lending is not even theirs. All western institutions have Islamic Banking wings. If the same people keep taking everybody's money and the status quo stays, what would become of the Islamic concept of not concentrating monetary power in the hands of a few?
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Now-a-days all the financial institutions including Islamic Banks are offering profit , rent of properties and same like attractions are promoted which purely based on “Riba” (Interest). Whereas we are offering and providing Riba less (Interest Free) Loan and take back as much as the actual loan amount, if required and offering equivalent to one tola gold per month to each and every job seeker exclusive offer of salary before job.
Phone No. 0092343-4555789, 0092334-9859856 & 0092301-4302700
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mr taqi usamani should fight against the murabaha contract and stop justifying it in the true spirit of islam reg ysuf
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SalaamAlaikum, Thanks for posting the video , MASHALLAH, JAZAKALLAH KHAIR.
spiritlite 3 years ago 3