Day: June 21, 2016

Islam, Murabaha and Fixed Deposits

Islam, Murabaha and Fixed Deposits

June 21, 2016
Islam has declared war on the moneylender who demands interest. It did so in the very last divine revelation (al-Baqarah, 2:279) to come down in the Holy Qur’an. Here is that last revelation: “O ye wh…