Home » Hanafi Fiqh » Askimam.org » What is the alternative solution of Riba?

What is the alternative solution of Riba?

Answered as per Hanafi Fiqh by Askimam.org

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

Original Source Link

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: