Home » Hanafi Fiqh » Askimam.org » What is the alternative solution of Riba?
In Islam I know Riba is haram. Is there any Islamic banking system which can remove riba from our society?
There are many Islamic banks operating on Islamic rules and principles of
economics, for example, Murabahah (purchase and sell on profit), Shirkat
(partnership), etc. Alhamdulillah, they have been very successful and
admired by conventional banks.
and Allah Ta’ala Knows Best
Mufti Ebrahim Desai
This answer was collected from Askimam.org, which is operated under the supervision of Mufti Ebrahim Desai from South Africa.
Read answers with similar topics:
RIBA| Cookie | Duration | Description |
|---|---|---|
| cookielawinfo-checkbox-analytics | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics". |
| cookielawinfo-checkbox-functional | 11 months | The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". |
| cookielawinfo-checkbox-necessary | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary". |
| cookielawinfo-checkbox-others | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. |
| cookielawinfo-checkbox-performance | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance". |
| viewed_cookie_policy | 11 months | The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data. |