Islam is just a way to fuck over people. under Islam law you can lie and cheat and steal any time you want to win or gain an advantage.
Mudarabah is not cost plus. Murabaha is cost plus. Dr Naik cannot comment on the Fatwas of scholars. He is not a scholar and should stick to his domain only.
Mudarabah is not cost plus. Murabaha is cost plus. Dr Naik cannot comment on the Fatwas of scholars. He is not a scholar and should stick to his domain only.
Islamic banks don't go give loans
Always inspiring, I'm an Islamic finance student. However, It is murabaha not mudharabah. InsyaAllah we will do our best to delivered the right thing to banking as well as financial system now. But we muslim should stand up together, we need each of you to do the right thing, which is avoid the riba. If you all can do that job, you can leave it to us for the system reformation. May Allah bless us.
Please advise Dr Zakir naik what's your say on Islamic bank of Britain's now as Al Rayan bank halal mortgages and loans offered in UK ? Thank you
cost plus is murabaha
and cost plus is just the way life is
why do all Muslims have beards
Lord help me..make me stay away from riba :/
HAHA no such thing as Bull Shit, Islamic Banking !!!
yes,there is islamic banking 100% if they following expert of muamalat and that is non of then mufti taqi usmani saheb...
in other words, except for the caliphate, in other parts of the world, there is no such thing as an Islamic bank. its bogus. they all deal with interest in one form or another.
Murabaha**
ISLAMIC BANKING..
they said it TRADING but what they simply did is rebranding to ISLAMIC terms and put "AQAD" in placed so it will look like
trading...READ..
"Those who eat riba (usury) will not stand (on the Day of Resurrection) except like the standing of a person beaten by
Shaitan (Satan) leading him to insanity. That is because they say: "TRADING IS ONLY LIKE RIBA (usury)," whereas Allah has
permitted trading and forbidden riba (usury). So whosoever receives an admonition from his Lord and stops eating riba
(usury) shall not be punished for the past; his case is for Allah (to judge); but whoever returns [to riba (usury)], such
are the dwellers of the Fire - they will abide therein."
( سورة البقرة , Al-Baqara, Chapter #2, Verse #275)
ISLAMIC BANKING..
What they do when you late paying the bank loan? The riba will increase..Same as islamic bank they introduced penalty to
you..READ..
"O you who believe! EAT NOT RIBA (usury) DOUBLED AND MULTIPLIED, but fear Allah that you may be successful."
( سورة آل عمران , Aal-e-Imran, Chapter #3, Verse #130)
ISLAMIC BANKING..
Finally when you fail to pay your loan in a period of time..they will take BANKCRUPTCY action against you.. this is the way
to devouring our substance wrongfully..READ...
"And their taking of riba (usury) though they were forbidden from taking it and THEIR DEVOURING OF MEN'S SUBSTANCE
WRONGFULLY. And We have prepared for the disbelievers among them a painful torment."