If Riba is haraam ?

[UZ]

Re: If Riba is haraam ?

@psyah

Islamic Banking is a misnoma … there is no such banking taking place … If a product is processed to add value or even bought in one region and sold in another the intermediate person has full liability and risk of the product … instalments do not work like this and on the basis of qarz hasana instalments are not the basis for inflating value in any way at all.

Instalments are only given for charitable purposes, the product becomes the immediate property of the buyer after the agreement of instalments … a bank that provides no interest and deals in no interest is Islamic … show me one bank that does this and I’ll join it.

Psyah you seem pretty knowledgeable can you tell me little bit more about Islamic banking.