Thursday, June 6, 2013

Interest based banking system disastrous: Khalilur Rahman Sajjad Nomani | ummid.com

Interest based banking system disastrous: Khalilur Rahman Sajjad Nomani | ummid.com
The existing banking system which is based on interest is disastrous and the main reason why economies are trembling and inflation, noted Muslim cleric Khalilur Rahman Sajjad Nomani said Wednesday while addressing the powerloom weavers and industrialists. Cautioning them about the danger of the system, he urged them to look for more practical and viable alternate.