Ahmadiyya Muslim Jamaat Concludes National Annual Conventions of Elders, Women and Children
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More filters. Sort order. There are no discussion topics on this book yet. Jump to navigation. It questioned the very nature of money, inviting a radical philosophical shake-up of their ordered universe. Perhaps few in the audience if any were moved that day to tweak their banking practices, but they nonetheless came away with the counsel that social awareness ought to be the underpinning of finance. Perhaps as a direct consequence, there are even Muslims who find the modern practice of Islamic banks abhorrent and little different to the practice of conventional banks.
Their reasoning is that if Islam prohibits the receipt or payment of interest, then the only business that Islamic banks should be engaging in is interest-free lending, conveniently ignoring the fact that an interest-free loan is construed as an act of charity in Islamic law, and no enterprise driven by the profit motive can be predicated on charity.
Islamic Banking and Conscious Capitalism
Indeed, bank profit is emotive subject for Muslims, particularly when set in the context of a world economy creaking ominously under the weight of capitalism. To what extent is the pursuit of profit acceptable in Islam, if at.
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Imam 'Ali b. Abi Talib (a) - WikiShia
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