BIGSTOCKThe case for giving up ribaThe Islamic New Year starts with the month of Muharram, which essentially means forbidden or prohibited. Many argue that riba and interest are not the same thing, so taking interest might not actually fall under the above prohibition. In order to ensure these benefits, thousands of banks around the world have adopted the Sharia-compliant banking system. However, some of us do not wish to keep our savings in a Sharia-compliant bank in the first place because that would deprive us of interests. The main purpose of this article is to remind people about the benefits of not taking riba, and understanding the severe repercussions and depth of this prohibition.

Source: Dhaka Tribune August 29, 2020 16:52 UTC