Monday, October 24, 2005

(7) RE: A Response to your response on FNB

Assalamu alaykum wa rahmatullahi wa barakaatuh
Respected Brother in Islam,

Jazakallah for your email.
Your apologies accepted, and let the past be the past.
Like I previously indicated, any constructive engagement would be most welcome.
Time does not allow me to go into much detail in this email.

While your concerns of establishing an Islamic economy are commendable, solutions offered should be practical. There should be a very pragmatic approach.

For the greater part, Economics is intertwined with politics. To establish an Islamic economic system without political domain, is, in my understanding, impossible. I have heard comments that it could be done without any political intervention. I would really be interested in hearing a practical plan of action in this light.

What some brothers have suggested is that the Ulama must stand up and give directives on how the business community must conduct their affairs. This, in my opinion, is a ‘pie in the sky’ suggestion. When the community at large are not interested in what

Allah Ta’ala wants from them, and are motivated by personal gain, where are they going to listen to the molvies. Who does not know interest is Haraam, but for personal motives, the larger community are soaked in it.

Hence, given the situation, the Ulama are of the opinion that to engage with the banks on our terms will be a practical solution to drawing the community away from the Haraam that they are already involved in. From our experience, this is having an effect on the ground. This essentially is our motivation for working with the banks.

Looking forward to hear from you.

Jazakallah and Was Salaam
E. Vawda for Daarul Iftaa


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