Re: Indian Muslims are the most disadvantage group in India
Reply to #43 by Abhiman:
[Guys, I would like to ask that do Pakistanis do not invest in banks or any other investment which gives interest, because this practice is followed by Indian Muslims.]
Taking interest on loans is generally considered as a sin by most Muslims. The essence of the sin of Riba (interest) is exploitation. During the times of Muhammad, Jews used to extort huge interest from poor people who had to take loan for their basic needs.
The modern banking system is quite different. There is no exploitation involved in this system. Besides if the rate of inflation is 10% and you get 5% interest on your money in the banks, you are still losing 5% every year.