The shariah merit of bank deposits
Abstract
Alhamdulillah, Islam is an international religion and ample guidance
to spend life.
The Islamic scholars have divided Islam into five fundamental branches.
1. Belief 2. Character 3. Worship of ALLAH 4.Dealings & transactions
5.Social conduct.
There are detailed rulings of all the five branches in the Holy Quran and
Sunnah.
Today the matters relating to dealings and transactions are in need of
detailed research because we are in modern era of changes and industrial
revolution, the mutual relations of different countries, the international trade
orders and many new shapes of the banking system are some factors that lead
to need of derivation and Ijtihad in financial matters.
All praises are for Allah. It’s a cause of happiness to know that along with
our beloved country Pakistan, all over the world, the trend of Islamic banking
is growing day by day, because of which not only are new Islamic banks and
financial institutions being founded but also the present commercial banks are
opening sectors of Islamic banking.
This change as it points to the awakening of the Muslims that they are
now not just confining their religion to the mosques but are implementing it in
all sectors of life, it also points to the fact that Islam in the in the only religion
that even after 14 centuries, it today is as capable of being followed as it was
in the past, It comprises of all instructions relating to the changes that occur
in all eras, and is fully capable of being a guide for man at any time.
This composition is a brick to this work. The Sharia standers of bank deposits
have been discussed in the light of jurisprudence in this composition, both the
deposits of Islamic and conventional banks have been discussed .
We pray to Allah for the acceptance of this work, and to make it credit in
the hereafter for me, my parents and teachers.
Kausar Ali, Dr. Abdul Gafoor Baloch. (2018) ینک ڈپازٹ کی شرعی حیثیت, Al-Azhāar, Volume 4, Issue 2.
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