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| Author: | Abdul Ghafar |
| Description: | We are going to plan a strong Islamic banking system across the world to mobilize the economical resources of the Muslim world for the benefits of Muslim Umma. In this regard, we first of all design a banking system which is internet free (no Riba), but we have to study the Islamic concepts of sharing profit (Shirakat) thoroughly to construct a solid system against a well defined and developed banking system based on interest. This banking system operates in every country of the world to mobilize the Muslim resources of each country for the betterment of humanity without any discrimination of religion. This banking system deals in every currency of the world, the exchange of currencies is transparent from consumer, to promote the trade among different countries. This banking system will also provide interest free loan facilities to customers (Mudarba). This banking system maintains a system to develop each Muslim country in a phase wise approach. The objective of this banking system is to make a solid and independent Muslim world that is able to negotiate with other nations of the world at equality basis. |
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