What is the reality of Islamic banks?
Machine translationRead the Arabic original
The questioner : Well, this Islamic bank.
The Shaykh: Hehehe.
The questioner : ... .
The Shaykh : We do not distinguish between an Islamic bank and a British bank; it is only in the names, is it not?
The questioner : ... that it is lawful ... .
The Shaykh : Yes, may Allah help us.
The questioner : They are all like this in method ... .
The Shaykh : These sheikhs you are referring to, if they are not all telling you that most of them are employees, do you know what I mean by employees?
The questioner : Yes, yes.
The Shaykh : Yes, may Allah help us.
The questioner : May Allah reward you with all good, Shaykh.
The Shaykh : There are people who have been afflicted by dealing with the Islamic bank, and they said, "By Allah, the banks that do not have the name are more merciful in some respects."
The questioner : More merciful ... .
The Shaykh : Did you hear this thing?
The questioner : Yes, we heard.
The Shaykh : Well, what is the benefit of this name, "Islamic bank," except for the reputation?
The questioner : The people's money.
The Shaykh : But it means in the name of Islam.
The questioner: Our Shaykh.
The Shaykh : Among the signs of the approach of the Hour, the Messenger (peace and blessings be upon him) said,Al-Mustadrak lil-Hakim 32:40 This is the time when the torn garment will be expanded over the patcher, and they will call obscenity dancing, and musical instruments fine arts, and intoxicating drinks spirit drinks, and pleasant words like whisky, and so on. We will see, we will see.
The questioner : The Islamic bank is thirteen percent riba (usury or interest); the housing bank is eight percent riba!
The Shaykh: Hehehe.
The questioner : ... .
The Shaykh : We do not distinguish between an Islamic bank and a British bank; it is only in the names, is it not?
The questioner : ... that it is lawful ... .
The Shaykh : Yes, may Allah help us.
The questioner : They are all like this in method ... .
The Shaykh : These sheikhs you are referring to, if they are not all telling you that most of them are employees, do you know what I mean by employees?
The questioner : Yes, yes.
The Shaykh : Yes, may Allah help us.
The questioner : May Allah reward you with all good, Shaykh.
The Shaykh : There are people who have been afflicted by dealing with the Islamic bank, and they said, "By Allah, the banks that do not have the name are more merciful in some respects."
The questioner : More merciful ... .
The Shaykh : Did you hear this thing?
The questioner : Yes, we heard.
The Shaykh : Well, what is the benefit of this name, "Islamic bank," except for the reputation?
The questioner : The people's money.
The Shaykh : But it means in the name of Islam.
The questioner: Our Shaykh.
The Shaykh : Among the signs of the approach of the Hour, the Messenger (peace and blessings be upon him) said,
A time will come upon my Ummah (the Muslim community) in which they will drink khamr (intoxicants) and call it by a name other than its true name.
سيأتي زمان على أمتي يشربون الخمر يسمونها بغير إسمهاThe questioner : The Islamic bank is thirteen percent riba (usury or interest); the housing bank is eight percent riba!
Source
www.al-albany.com
The Arabic text is copied verbatim from the original source, without any edits.