Date: 8/24/2011

The real islamic banking

What is really said to be islamic banking is not really islamic on the whole. It is only interest free and based on profit sharing. It only services those with money like the usual bank.
The real islamic banking means the rich share with the poor, what the rich have that the poor dont. The principle of sharing what you have with those who dont have, is stated in early part of the second surah (chapter) of the quran:-
"Verse 3. Who believe in the Ghaib(unexplained by the senses - about the religion) and perform As-Salat (prayers), and spend out of what we have provided for them [i.e. give Zakat - charity given yearly to the have not etc, spend on themselves, their parents, their children, their wives, etc., and also give charity to the poor and also in Allah's Cause - Jihad, etc.]."
jihad means to strive for progress, not going to war as generally misunderstood


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