tag:blogger.com,1999:blog-30660176.post8213027048512204956..comments2021-02-16T00:42:28.629-06:00Comments on My Daily Fatwa: The Problem in Islamic FinanceM.D. Fatwahttp://www.blogger.com/profile/00111923702768768345noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-30660176.post-23437341627104493422011-04-10T08:47:58.456-05:002011-04-10T08:47:58.456-05:00Very informative, well thought article...............Very informative, well thought article................hope some muslim scholars reads it.Unknownhttps://www.blogger.com/profile/01318652147399655490noreply@blogger.comtag:blogger.com,1999:blog-30660176.post-52521773822111081382010-10-08T10:38:32.390-05:002010-10-08T10:38:32.390-05:00That was a very nice read there.
But be careful, M...That was a very nice read there.<br />But be careful, Modern Islamic Banking originated in Pakistan and really, is just a lie to charge interest in a different form.<br /><br />Charging 10% Interest but calling it a monthly fee, or rental, or share-holding is still an interest based fee. They end up costing a lot more than an interest based loan, so the form that the 'profit' or 'interest' made is different but the end result is the same. Apples and Oranges.Unknownhttps://www.blogger.com/profile/16827719047540620267noreply@blogger.com