Banks in the Capitalist System: Their Reality, the Nature of their Transactions, and the Related Islamic Legal Ruling
- Published in Egypt
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While official institutions continue to justify and shield the existing financial system from any legitimate criticism, the Egyptian Dar al-Ifta (the official body for issuing religious edicts) recently issued a statement declaring: "Dealing with banks and receiving interest from them is permissible according to Islamic law, as is spending this interest on permissible expenditures."
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