Where there is interest system whethe
on individual level or government level,
there faith will not be according to the
commands of The Holy Quran. System based on interest is a bare announcement of war with Allah SWT and His Prophet SAW. War means that the condition of the nation will be as is in the time of war. In our beloved country 21% rate of interest for public capital is being given. Due to which majority of us are eating interest by depositing our money in banks.
If we take interest on our capital, government is run by interest, how will circumstances be changed. In Japan, rate of interest is very low so that people may utilize there money in business , do partnership instead of depositing it in banks. Japan is a non Muslim country, but they have adopted Islamic rules, that’s why today it is a developed country. Whosoever adopts Islamic principles, will make progress. Ameer Abdul Qadeer Awan Sheikh Silsila Naqshbandia Owaisiah, Head of Tanzeem AlIkhwan addressed to annual assemblage.
He said that Allah SWT has regarded trade as fair an interest as forbidden. Economy can not be corrected by interest based economic system. People who do business on interest will rise as senseless on the day of judgement. As long as Islam is not enforced, circumstances will remain same. Strive for the righteous, adopt the righteous. Today, we have time and opportunity, review ourselves. Allah SWT has created man for His worship. When one moves away from it then he keeps on diverging.