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How much Islamic is Islamic Banking?

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June 11, 2022 and it takes only 17–21 minutes to read.

Hoarding of Dollars

Making money out of money is not allowed in Islam, but of course, trade-based activities are allowed. Hoarding anything which creates chaos and anarchy in a country is a sin. In either case, the action revolves around selfishness and the result is the exploitation of the masses. Everyone trades as per the trend because the trend is your friend in the Forex business. What he said is best for us in the current scenario. Taqi Usmani sb’s white papers on Islamic financing, his shariah court rulings, and commentary on an interest-free economical structure is the strongest theoretical framework for laying principles of Islamic Banking regulations globally.

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