Re: Is Islam a followable religion in the modern world.
//Interest-free banking is very widespread and accelerating in growth in many parts of the Muslim world. It's been so successful that even most major Western investment and commercial banks now have Islamic banking divisions that are continually growing
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Isnt the concept of interest free banking a subversion of the rule as laid down in Islamic law. Does it not violate the spirit of the law. Arent you paying interest just by another name.
Maddy one question I would like to ask is this--- Would you give me a interest free loan of 1 million dollars or the maximum amount you can afford. Sure I will give a surety for the same..