What is the difference between transactions of Islamic banks or Companies & that of interest/usury banks?
A.: It is a known fact that interest/usury banks cannot, from the legal point of view, sell and buy, and thier activity is restricted to lending and borrowing, meaning that they are establishments conduct credit operations in respect of lending & borrowing. Thus the main undertaking of the interest/usury banks is specifically allocated firstly to (borrowing), and the second is (lending) The bank lends to the members of the public from the funds collected from peoples money, associated with increase on the initial amount, which is defined as Riba (interest/usury) Since the bank activity is established on borrowing beforehand, and consequently on lending, adopting interest/usury as it includes increase, and accordingly the bank dealings are based on interest/usury from A to Z.
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