What is the alternative to riba (usury or interest) banks?
Machine translationRead the Arabic original
Question : The questioner says: Honorable Shaykh, what is the alternative to riba (usury or interest) banks? Islam is the solution, but we do not see Islamic banks. What are the reasons?
Answer : The reasons are that there is laxity on the part of bank owners in not converting them into Islamic banks. Converting them into Islamic banks requires in-depth study by specialists in economics, so that these large sums of money and numerous transactions are converted into lawful funds and transactions that conform to the Shari'ah.
Answer : The reasons are that there is laxity on the part of bank owners in not converting them into Islamic banks. Converting them into Islamic banks requires in-depth study by specialists in economics, so that these large sums of money and numerous transactions are converted into lawful funds and transactions that conform to the Shari'ah.
Source
قناة «فضيلة الشيخ محمد بن صالح العثيمين»، لقاء[20 من 20] ما هو البديل عن البنوك الربوية؟!! الشيخ ابن عثيمين - مشروع كبار العلماء — youtube.com
The Arabic text is a machine transcription of the audio recording.