The Reality of Islamic Finance

Category Archives: Fixed Deposit

Islam, Murabaha and Fixed Deposits

by Shaykh Imran Hosein | August 15, 2007 in Bank, Financing, Fixed Deposit, Interest, Murabaha | Leave a comment

Islam has declared war on the moneylender who demands interest. It did so in the very last divine revelation (al-Baqarah, 2:279) to come down in the Holy Qur’an. Here is that last revelation: “O ye who believe! Fear Allah, and … Continue reading