salamz,
a few days bak i was having my banking class whr a gal raised an issue over interest!!!n she said that Riba in any form is HARAAM…and even the ppl who work in the banks…thr earning is also haraam…but my teacher’s opinion was prohibition of Riba is concerned with the transactions which are carried on the basis of Riba otherwise the ppl who r not involved in these transactions,thr earning is not haraam
yes Riba has been forbidden by Quran and islam…but wat i wanna ask over here is…the ppl who r not involved in the dealing of loans…and thr Niya’t is also pa’ak and they are just related to writing letters/complaints…so watever they earn…wud that b also haraam?
plus i just felt like to share an aya’ah with u all!
(mafhoom)
If the debtor is plunged in the financial problems, allow him sufficient time to repay his loan but giving the same in the charity would be best act if you could.(Al-Room)
those who,knowing Riba is forbidden by Allah:swt: ,accepted it,they purchased dosakh(hell)(Al-Room)
concerning the above aya’t when riba is haraam than y it is not abolished in muslim countries like Pakistan?aur mey ney yeh bhi suna hey Alam online mey key jo loag majboori mey banks mey job kertey hein woh yeh job kersaktey hein agr koi aur zariya-e-ma’ash na ho tou!
Aap ne theek suna hai, Supreem court of Pakistan, shariat applet bench ne Tu faisala bhi de deya hoa hai kai saal pahley. But govt is unable to adopt it fully, as Pakistan has too much foriegn Loan to repay with interest. :(
Bank job is not considered HARAM. Cuase the person is doing his job and not making bank policies. Baqi Wallah Ilim
but meri classfellows ney mujh sey aesi behez ki hey key mujhey laga key mey waqui ghalat hoon!
coz sum ppl think key jo loag bank mey job kertey hein un ko salary bhi us hi bank ki reserve amount sey milti hey jis mey interest shamil hey is liyeh aik banker ki earning haram hui!
There is a smugler, and his income is haram. Now if he has hired some men to do certain job like accountant, drivers, security guards etc.These people are suppose to do their repective jobs, irrespective of nature of business. They are not the decision maker. They are only workers. If tomorow the owner decides to legalize his business, the workers are not concerned. They will still be doing the job same way.
On the other hand if the worker is not doing his job honestly then his income becomes doubtful.
[quote]
coz sum ppl think key jo loag bank mey job kertey hein un ko salary bhi us hi bank ki reserve amount sey milti hey jis mey interest shamil hey us liyeh aik banker ki earning haram hui!
[/quote]
Money by nature is nither Halal nor Haram. It is how you earn it !
Whatever may be the source if some one is earning it honestly then it is halal for him.
For example:
Muslims can eat halal animals. but there is no requirement that these animals are fed on halal things. (like birds eat insects and worms etc)
Assalam Aleekum
Any person who works in a bank , is ke income Haram hee.
What he can do is try to look for a job that provides halal
earnings.Lekn that doesn't mean that leave the job immediately.
Try your best to look for another job.
Jis tarhaa sharab lanee wala , pene wala and seller are all
doing wrong, same case with working in a bank.
Lekn this is the responsibility of the State. And hamare State
tu he fail. So Khuda ka Ghazab Hukmuranno per ayeegaa, not
on common people.
^^^thanks a lot CR and Rehman bhai for ur replies!
acha aik baat aur bataein...jo loag companies mey work kertey hein wahan per call loans,ya aur bohat sari aesi facilities hoti hein jo key aik company apney worker ko nai deyti...likin banks woh institution hey jahan per agar forun loan chaihyeh hoan to woh aap le saktey hein...
is hi terhan aik middleclass person ko agar apni puri family ko akeley hi support kerna hey...us key liyeh bank hi to woh jaga hui na jahan woh zaroorat perney per kisi bhi waqt per loan ley sakta hey? jub key companies mey aesa amooman nai hota hey...aur kuch accounts aesey bhi to hotey hein jin mey interest nai lagta jesey current account hogaya...jo jo shuks currrent account ki transactions mey dealing kerta hey to kia woh bhi haraam hua ofcourse not na?
aur jahan doosri job dhoondney ki baat hey to humarey mulk mey jobs pehli dafa milna hi bohat mushkil hey?to aesey mey aik banker kia karey?
allah does not need the waseela to feed his slaves. inshallah if intention is right, jobs will be found. secondly, even if job is not found, the rizq is still written and will come to you no matter what, inshallah.
a person who** borrows** a loan from a bank ,whenever he wud payoff his loan he also has to return it with the particular rate of interest...even den he wud b the sinner ? wat if he is in need of a lumpsum amount and he is unable to borrow that large amount from n e of his relatives or frnd n whr the bank is the only institution from whr he can easily get that large amount...to agar woh is terhan loan leyney sey sinner bun jata hey to woh kia karey?
^ Woh pehley to koshish karay keh thoray sarmayay say shuru karay. Agar waqai hi ziyada paisay ki zaroorat ho to islami bank say us zaroorat ko poora karay.
would you guys please stick to writing your posts in English? It is a good discussion but hard to follow, reading urdu in english... just my humble opinion...
PS. * u ppl didnt answer my one questioni.e. (elaborated) everyone knows that thr are four accounts in every bank * current account
fixed account
saving account and
*profit and loss sharing account *
now my question is that the person who deals with the above two bolded accounts i.e current account and profit and loss sharing account whr interest doesnt exist at all...so wud there job be also considered as HARAAM?
[QUOTE]
*Originally posted by rabika: *
is thr any Islamic bank in Pakistan?
[/QUOTE]
Two types of Islamic Banking is available :
There are many banks which offer Islamic banking in one of their divisions, in other words the bank is a normal bank where you can do banking with them without involvement of interest. you can also get loan without Interest and deposit your money and get the profit or loss calculated on monthly basis. Some of the western banks also have this division.
Specialized Islamic banks:
They do banking totally according to the principles of Islam.
There are branches of both kind of banks in Pakistan, search on google :)
[quote]
PS. * u ppl didnt answer my one questioni.e. (elaborated) everyone knows that thr are four accounts in every bank * current account
fixed account
saving account and
*profit and loss sharing account *
now my question is that the person who deals with the above two bolded accounts i.e current account and profit and loss sharing account whr interest doesnt exist at all...so wud there job be also considered as HARAAM?
[/quote]
Let us not debate on who's income is haram and who's halal. May Allah be the best judge.
There are thousands of people working in banks in pakistan, and most of then are God fearing Muslims. If anyone says that their income is haram on the basis of the involvement of interest (riba) in finance, then I can say this with surety that no organization (public sector or private sector) is free from involvement of riba in their finances.
And they(at different level) give and take interest like banks. so according to this rule Income of all the people who are doing jobs anywhere is haram ???
Giving and taking Interest is no doubt haram. We should always avoid it. There are other options available, do some reasearch and you will find options like Mudarba, Musharika, Murabiha are all form of finances without interest.
Rabika, here is a one time analysis on riba and how it should be interepreted.
When the Quran says Riba is haraam, it is perhaps one the best things a religious book, any book, has ever said about finance. In my opinion Riba, as projected in the Quran, is referring to Usury-a practice of charging inordinate amount of Interest as the cost of funds ot the borrower. Over time Usury has been replaced with interest because the ability for the people to manage interest rate risk and conduct arbitrage was quite poor. Usury is haraam, not interest. Interest is mere an instrument to preserve the present value of the asset, that is cash.
Modern day Islamic finance cannot find itself not using interest bearing products and services. They give it different names.. new products are introduced, like Profit and Loss sharing accounts which try to find a way out of using interest as the principal for valuation but instead call it profit.
maybe there should just be a big thread about interest as I have discussed this atleast 3 times in the last 4-5 months.
as far as those sayiong that jobs in banks are not allowed, even if someone can prove that riba=interest, I would say that one would be hard pressed to find a company that does not engage in dealing with some kind of interest.
When the Quran says Riba is haraam, it is perhaps one the best things a religious book, any book, has ever said about finance. In my opinion Riba, as projected in the Quran, is referring to Usury-a practice of charging inordinate amount of Interest as the cost of funds ot the borrower. Over time Usury has been replaced with interest because the ability for the people to manage interest rate risk and conduct arbitrage was quite poor. Usury is haraam, not interest. Interest is mere an instrument to preserve the present value of the asset, that is cash.
.....
[/QUOTE]
Can you please explain the difference between usury/riba (forbidden in quran) and present day Interest. Please do it with easy to understand example so that layman like me can grasp your idea.
Also according to your defination Riba/usury, is it practiced anywhere now or not ?
[QUOTE] Originally posted by Fraudz: *
**maybe there should just be a big thread about interest as I have discussed this atleast 3 times in the last 4-5 months.*
as far as those sayiong that jobs in banks are not allowed, even if someone can prove that riba=interest, I would say that one would be hard pressed to find a company that does not engage in dealing with some kind of interest.
[/QUOTE]
