What is the alternative solution of Riba?
Question
In Islam I know Riba is haram. Is there any Islamic banking system which can remove riba from our society?
Answer
There are many Islamic banks operating on Islamic rules and principles of economics, for example, Murabahah (purchase and sell on profit), Shirkat (partnership), etc. Alhamdulillah, they have been very successful and admired by conventional banks.
and Allah Ta'ala Knows Best
Mufti Ebrahim Desai
- Answered by
- Mufti Ebrahim Desai
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