Writing to the Rulers Regarding Riba Banks
Machine translationRead the Arabic original
The questioner:
As you know, the banks in this country deal in riba (usury or interest). So why not write to the one in authority about this great sin, and have these banks stopped, and Islamic banks established that are based on teaching the Islamic religion?
The Shaykh:
They wrote to the rulers, and the rulers promised well. We ask Allah to help them and grant them success so that the required matter is completed soon, if Allah wills. We hope that Allah will help them to carry out what they promised. We have heard, and we have truly heard that soon, if Allah wills, the bank that took over al-Rajhi Bank will establish an Islamic bank instead of the riba banks, and it is on the verge of announcing this soon, if Allah wills.
The questioner:
Is it possible to direct the same al-Rajhi bank?
The Shaykh:
It is not accepted. It will be announced soon, if Allah wills. The King (may Allah guide him) and other officials mentioned this to us. If Allah wills, he will carry out this matter soon, and others will follow him, if Allah wills, until it overwhelms the riba banks. Yes.
As you know, the banks in this country deal in riba (usury or interest). So why not write to the one in authority about this great sin, and have these banks stopped, and Islamic banks established that are based on teaching the Islamic religion?
The Shaykh:
They wrote to the rulers, and the rulers promised well. We ask Allah to help them and grant them success so that the required matter is completed soon, if Allah wills. We hope that Allah will help them to carry out what they promised. We have heard, and we have truly heard that soon, if Allah wills, the bank that took over al-Rajhi Bank will establish an Islamic bank instead of the riba banks, and it is on the verge of announcing this soon, if Allah wills.
The questioner:
Is it possible to direct the same al-Rajhi bank?
The Shaykh:
It is not accepted. It will be announced soon, if Allah wills. The King (may Allah guide him) and other officials mentioned this to us. If Allah wills, he will carry out this matter soon, and others will follow him, if Allah wills, until it overwhelms the riba banks. Yes.
Source
ندوات الجامع الكبير مع الأسئلة - 63 — archive.org (11:13)
The Arabic text is a machine transcription of the audio recording.