BANK INTEREST THAT RIBA

Islamic banking finance economy

by islamicbankingfinanceeconomy.blogspot.com

BANK INTEREST THAT RIBA

In Arabic it is called with a bank interest FAWAID. Fawaid is the plural form of the word 'benefit' means a benefit. As if this is termed flower with a beautiful name that makes us not be fooled if you see than just the name. This flower is a bonus given by banks on deposits from customers, which was originally taken from the profits of the debts carried by the bank.Whatever, flowers or FAWAID, remains to be seen substantially. What advantage is taken of the debts, although in fact it is usury renamed with a beautiful name. This is usury forbidden by the Koran, hadith and ijma '(agreement) scholars. The scholars have narrated the ijma 'will haramnnya conditional advantage being taken of debts. What do the banks even if they call it a loan, but in fact it is not a loan. Mufti of Saudi Arabia in the past, Shaykh Muhammad bin Ibrahim rahimahullah said,"In essence, although the (bank) called it qord (debts), but in fact not qord. Because of debts for the purpose of helping and doing good. A purely non-commercial transactions. The form is to lend money and will be replaced some time later. Interest bank itself is the advantage of lending and borrowing transactions. Hence the name is taken from the bank interest on a loan or deposit, it is usury because it obtained from the addition (the debts). Then the gains in lending and deposits may be equally called usury. "Brief article above is processed from the explanations Shaykh Salih bin Ghonim Sadlan -one As a senior cleric in the city Riyadh- in his practical fiqh "Taysir Al Fiqh," p. 398, published by Dar Blancia, first printing, 1424 H.From the above, do not be fooled by a trick also performed by the Sharia banking in our country. We must properly review the nature of the results conducted by the Islamic bank, should not only be viewed from just the name. Is it true or is it the result of a gain of debts (aka usury)? How could the Islamic banks could be "profit-sharing" while legally banking in our country, each bank is not allowed to do business? Then how can it be said to exist for halal results? Kosher impossible for the results obtained from debts.Our assessment, the result of Islamic banks not far from usury. There is an interesting explanation about the criticism of Islamic banks by Dr. Muhammad Arifin Baderi hafizhohullah published by Pustaka Darul Ilmi. Please be studied further.If the bank interest usury, unlawful means, the illegitimate utilized. For emergency use the bank to deposit the money, the bank interest is haram utilized. The scholars say that the bank's interest may not be used for private purposes, but channeled for social purposes such as the construction of roads, and the like.