DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Why Muslims Must Look Past the Democracy and the Ikhwaan's Gradualism Approach

**10traistintarry** · 06-28-2012, 07:03 PM

QUOTE =AbdurRaheem2;784209]This is incorrect. Islamic Banking is not the same thing as Riba banking. The Muslim Brotherhood's party in Egypts initial policy is to allow the irreligious to use riba banks, but to ensure that real riba free banking is available throughout Egypt. Changing the definition of what is riba is not acceptable. So called Islamic banks use Riba...they use fractional reserve lending techniques and they go to the central bank for funds when they have got low reserves...they pay interest on this. In addition to this the lending techniques adopted by these banks are not Halal, even Taqi Uthmani admits this. The Ikhwani Muslimeen are a trojan horse working to make Capitalism agreeable to Muslims.

06-28-2012, 07:03 PM	#34
10traistintarry Join Date Oct 2005 Posts 385 Senior Member	QUOTE =AbdurRaheem2;784209]This is incorrect. Islamic Banking is not the same thing as Riba banking. The Muslim Brotherhood's party in Egypts initial policy is to allow the irreligious to use riba banks, but to ensure that real riba free banking is available throughout Egypt. Changing the definition of what is riba is not acceptable. So called Islamic banks use Riba...they use fractional reserve lending techniques and they go to the central bank for funds when they have got low reserves...they pay interest on this. In addition to this the lending techniques adopted by these banks are not Halal, even Taqi Uthmani admits this. The Ikhwani Muslimeen are a trojan horse working to make Capitalism agreeable to Muslims.
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