The recent Barclays Bank incident invloving the fixing of the Haram London Inter Bank Lending Rate %
highlights how the rich old boys that steal millions fixing a money circuit amongst themselves, who when exposed almost get away with only forced resignations....
Allah (swt) mentions in the Quran ." ...belongs to Allah,- to His Messenger and to kindred and orphans, the
needy and the wayfarer; In order that it may not (merely) make a circuit
between the wealthy among you. So take what the Messenger assigns to
you, and deny yourselves that which he withholds from you. And fear
Allah. for Allah is strict in Punishment."
compare that to no ball fixing by young nieve pakistani cricketers who got slaugheterd for no-ball fixing.... They also demonised Muslims / Islam with the ball fixing and milked the islamophobia to death...
Compare that to the Banks fixing the interest rate amongst themselves....they dont say the kufr economic system is flawed even when it is collapsing all around is is being propped up with our money...
Also heres a nice piece that discusses haram usury, such as the haram kufr system that the "islamic banks of britain" are directly linked with and controlled by- its the one advertised on Islam Channel no less !
A person invests his money in a bank
returning riba (usury), and finds among the Sheikhs one who gives him
an opinion approving of this. In such a case, the Muqallid is not
blameless, nor would be the one who gave him the fatwa, for again, the
fatwa violates Sharia’a in a matter which is known from Islam by
The point may be raised that there are
some reputedly distinguished scholars who have been known to give
fatwas on the permissibility of riba (usury). As we here concern
ourselves with the position of the Muqallid, we shall not discuss
those who issue incorrect fatwas. However, if a Muqallid was at ease
and was reassured by the piety of the Sheikh who gave him the fatwa
legitimising riba (in some cases and not always), convinced that he be
knowledgeable, and he himself happened to be extremely ignorant, he
may in this case be discharged of his liability before Allah (swt). If
a person came to this Muqallid and said to him: “Truly Riba is
forbidden and unlawful upon you.” Upon this the Muqallid would say:
“But Sheikh ‘so and so’ gave me a fatwa.?” If that person persisted
and said to the Muqallid: “This scholar is wrong and you are forbidden
from acting upon this fatwa of his.” The Muqallid would say: “But he
is more knowledgeable than you.” The person might reply: “Even if he
were more knowledgeable than me, he cannot be more knowledgeable than
the Book of Allah (swt) in which He (swt) says:
“Those who take usury will not
stand except as stands one whom the evil one by his touch has driven
to madness. That is because they say: ‘Trade is like usury’.”[ 2:275]
He (swt) also says:
“And Allah had permitted trade and forbidden usury.” [2:275]
He (swt) also says:
“O you who believe fear Allah and abandon what is left of usury if you are indeed believers.” [ 2:278]
Once that person brings him the texts
from the Book of Allah (swt) and the Sunnah of His Messenger (saw) and
the Muqallid realises that these texts forbid riba, he is forbidden
from continuing to deal in riba no matter how firm his trust is in the
scholar who had given him the fatwa.
Perhaps the Muqallid may say to himself:
Surely the scholar who gave me the fatwa is aware of these verses and
of other texts related to riba, therefore, I shall stick to his fatwa
and continue to deal in riba.
In such cases the Muqallid would have
fallen into sin because he persisted in his blind imitation of the
scholar who gave him the fatwa, and because he persisted in ignoring
the Qur’anic verses even after they had been ringing in his ears and
after he had understood their meaning which clearly forbids him from
following this fatwa. The Muqallid should stop dealing in riba
immediately after hearing the verses of the Holy Qur’an. If he is
still in doubt, he should immediately go back to the scholar who gave
him the fatwa and seek an explanation about why he permits to deal in
riba while the Qur’an forbids it, and he should try to understand no
matter how ignorant he may be.
The only way to provide a halal finacial system is by establishing the islamic financial system that forms part of the system of ruling in Islamic Khilafah State