Murtaza Awan | 14 years ago
Islamic Banking in Pakistan and Islamic banking all over the world, there are two main thing to understand to get this whether they are in accordance with the Islamic Principles or not. Firstly, if some one want to know the method, I think its complicated to understand. But its process and nature of working definitely is different than the general banking across the globe. So by this if they are not cent percent pure Islamic but they are trending themselves to Islamic Banking. Secondly, I think which is more important for us to get this point, and the thing is that for every product of an Islamic Bank there is a 'Fatwa' from a well known and well educated religious scholar. My point of view is this if a well reputed 'Mufti' have a 'Fatwa' on a particular object. We must follow the thing in good faith. Now if it is Islamic or non-Islamic, the responsibility will be upon the Religious Scholar for the act. So you should not worry about this matter if understand the above points.
Answered by: Murtaza Awan | 14 years ago
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