salaam oalaikum, dear sir I am a practising neurosurgeon in India bangalore. I searched in vain and roamed and went to all possible banks including the so called AManath cooperative bank and asked the if anyone can help me in getting a car/home loan which is interest free , people laugh at such a question. My question is why dont the muslim ulema from prestigious institutions like yours talk to these banks / govt and see to it that islamic way of getting money is made available, see no muslim wants to deal in interest if we have another choice, it is easy for you people to sit and send fatwas that this is haram and that is haram, but what is the alternative, if you dont come up with something then people are forcefully going ahead with haram means. you must be well aware that a majority of the ummath is involved in riba..dont you think we all are responsible for this ??All the banks state that it is the RBI ruling that interest has to be charged, how is this when we have a populationnearing 25%?? Kindly let me know…I want to have a loan for a car and a house which are my neccessities tell me where do i get it without committing a haam act?? dont tell me what i cannot do , tell me what is the alternative??
Answer:
(Fatwa: 828/742=B/1429)
Jews have invented the banking system, for Jews consume more interest and unlawful items than all other nations. They want Muslims to get involved in such things so deeply that even if they pray to Allah by holding the curtain of Kaba their prayers should not be granted. They have a hold on all banks of the world. Many Ulama drew sketches of interest-free banks in
Allah (Subhana Wa Ta’ala) knows Best
Darul Ifta,
Darul Uloom Deoband