‘ISLAMIC’ BANKS? UNTIL THEY COME TO THEIR SENSES!
It is the bounden Islamic obligation of Muslims who operate accounts and investment deals with the ‘Islamic’ banks, not only Albaraka Bank, to terminate their monetary relationship and dealings. Those who are constrained by circumstances to operate banking accounts, should resort to the non-Muslim banks.
Non-Muslim riba banks are the lesser of the evils. It is not permissible to engage in riba dealings with Muslims. So, as long as these Muslim-owned riba banks refuse to overhaul their haraam riba system, as well as their haraam zina environment, Muslims are dutibound by the Shariah to close their accounts and withdraw their money. If sufficient pressure is brought to bear on the errant and miscreant ‘islamic’ banks, they may understand the message and agree to submit to Allah’s Law.

the majlis vol 18 number 05

JULY 2008