Rajina
Member
Islamic banking is growing up in the west because the number of people who adheres to Islamic laws in the west is growing up. In Islam riba(lending or boring money for interest) is prohibited. How can a banking industry be profitable without riba (interest)???????If Shariah banking wasn't profitable it wouldn't be an industry, especially in the west.
I am asking this out if curiosity. I don't understand how Islamic banking is profitable for the capitalists.
There is nothing such as a Muslim world or non Muslim world. Muslims are spread throughout the world. When I said 'Muslim' , I didn't mean someone with an Arabic name or someone who has a an ID/passport with the religion column filled as Islam. A Muslim is someone who submits himself/herself to the almighty God. True Muslims obeys the law of God. There are lots of Muslims who prays five times a day, who do not lend or borrow money for interest , who do not drink alcohol, who do not indulge in any extramarital/premarital relationship. And there are lots of Muslim ladies who covers up their body, who do not allow themselves to be commoditized or exploited. And their numbers are increasing day by day.To be honest it was a bit of a rhetorical question, as we cannot really know for sure. One thing is for certain though, those types of behaviour and lifestyle very much so exist in the muslim world, just like everywhere else.