Wednesday, February 7, 2018


Despite the fact that Muslim scholars have not yet defined properly the clear meaning of interest in the Islamic economy, a lot of information is hindered to Non-Muslims about the operations and restrictions as stipulated by the Islamic Law (Shariah Law).
Islamic Banking is also known as Shariah Finance Compliance. It operates under the slogan of Non-Interest Banking System.
Most of their clients, especially Non-Muslims, do not know how Shariah affects their economy and faith in Islamic Banking.
The following are some areas where is strictly forbidden to spent money from Shariah Islamic Banking:
1.     In any transaction or business which has a connection with the nation of Israel.

This is because in 1969 Islamic countries found-The Organization of the Islamic Conference-O.I.C (now Cooperation) whose main objectives was to fight against Israel.  O.I.C has two financial institutions: Islamic Development Bank-I.D.F, and Islamic Development Fund-I.D.F. Their objectives are to mobilize the movements against Israel. The Quran states:

“Verily, you will find the strongest among men in enmity to the believers(Muslims) the Jews and those who are Al-Mushrikun……” (Al-Maidah, 5:82 The Noble Quran)

Therefore any business relations to Israel or transactions, means to empower the enemy economically.

This indicates that if a Non-Muslim is a client in Islamic Banking, automatically  becomes an enemy of Israel. You will never hear such statement from the Islamic Banking.

1.     A Non-Muslim is not granted a loan to build an apartment which is higher than the houses of Muslims around him/her.
Sayyiduna ‘Aaidh ibn ‘Amr came together with Abu Sufyan (who probably was not a Muslim as yet) on the Day of The conquest of Makkah. The Sahabah said, ‘Abu Sufyan and ‘Aaidh ibn ‘Amr [have come]’Rasulullah (sallallahu ‘alayhi wa sallam) said, ‘Aaidh ibn ‘Amr and Abu Sufyan have come [mentioning the Sahabi first], Islam is more honorable than that, Islam will always be superior and nothing will be more superior than it.”
(Fathul Bari, before Hadith: 1354. Also see Faydul Qadir, Hadith: 3063 and Al Maqasidul Hasanah, Hadith: 109).
This is what happened in the Archipelago of Zanzibar. The tallest Palace was built for Sultan Said Barghash, the Second Sultan of Zanzibar, in 1883. When Bishop George Tozer of the Anglican Church, was building the church, he was forbidden to elongate the minaret of the church building, because that would mean to go against the Shariah of Islamic superiority.

2.     A  Non-Muslim is not allowed to be an agent of any business whose capital has been generated from the Shariah Finance institutions.
Islamic Banking fears Non-Muslims, will spend money and sell products against the Islamic Shariah. From this point you can notice the enforcement of the Halal Islamic logo, in many products including water in different Super Market world wide. Non-Muslim producers especially Jews and Christians  must obtain this Halal Logo from the Islamic economy institutions, where they pay Islamic levy (Jizyah) for using the Islamic logo. The Quran states:
“Fight against those who (1) believe not in Allah, (2) nor in the Last Day, (3) nor forbid that which has been forbidden by Allah and His Messenger (4) and those who acknowledge not the religion of truth (i.e. Islam) among the people of the Scripture (Jews and Christians), until they pay the Jizyah with willing submission, and feel themselves subdued.” (The Noble Quran, Tawbah, 9:29) (The emphasize is mine).

Jesus Christ says: “ 21 For where your treasure is, there your heart will be also.” Mathew 6:21 NIV).

Is it possible for your heart to be with Jesus while your treasure is with the Islamic Banking?


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