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إن الحمد لله؛ نحمده ونستعينه ونستغفره، ونعوذ بالله
تعالى من شرور أنفسنا وسيئات أعمالنا، من يهده الله فلا مضل له، ومن يضلل
فلا هادي له، وأشهد أن لا إله إلا الله وحده لا شريك له، وأشهد أن محمداً
عبده ورسوله، اللهم صل وسلم وزد وبارك عليه، وعلى آله وأصحابه وأحبابه
وأتباعه وعلى كل من اهتدى بهديه، واستن بسنته، واقتفى أثره إلى يوم
الدين.
Introduction
A few days ago news broke that, in an unprecedented move, a large
association of most of the senior Muftis of Pakistan issued a joint
Fatwa declaring both the contemporary system of “Islamic” banking and
“Islamic” television Haraam. Subsequently a learned friend wanted at
least one sound reason for the former declaration. This very brief
article is in response to that request.
In the light of the objective of this article, its brevity and limited
scope, it is obvious that the various detail facets of “Islamic”
banking cannot be covered.
In focussing solely upon this one reason amongst the many, we will
briefly touch upon:
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The prohibition of Riba amongst the jews and christians.
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Their eventual legalisation of Riba
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The forerunners to this legalisation
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How history is repeating itself and Riba is once again being
legalised
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The similarities between the past and the present
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How “Islamic” banks have come to legalise Riba
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