What Is Islamic Banking? And Why It’s Not What Most People Think

What Is Islamic Banking? And Why It’s Not What Most People Think

If someone asked you right now to explain Islamic banking in one sentence, could you do it?

 

[My_King]

No pork and no dealings with Isreal.

Banking be haram habibi

 

[Mike Hoxbig]

What a roundabout way of saying it's asset finance with a fixed interest rate...

 

[Thinking]

Yeah... they make a profit and charge interest, but not interest.

 

[Carl_Johnson]

As a dhimmi, if I were to use an islamic banking account, would the jizya automatically be deducted or would I still be forced to manually transfer it via EFT?

 

[Thinking]

Are those English words?

 

[Mike Angelo]

The macon of the banking world?

 

[TheMightyQuin]

What Is Islamic Banking? And Why It’s Not What Most People Think

If someone asked you right now to explain Islamic banking in one sentence, could you do it?

It's a made up concept...like halal food, to control and scam.

 

[Brawler]

I heard it's not for prophet