Displaying 21 - 30 of 43.
In March 1996, the courts rejected a case filed against the appointment of Muhammad Sayyid Tantāwī as Grand Imām and President of the Islamic Research Academy . This raised the question: what do people want from the Grand Imām and why are there such struggles over this role?
The Mufti of Egypt explains that some journalists committed mistakes in their reports about the fatwa of the Islamic Research Institute concerning bank interest. They reported that the fatwa permits bank "interest" while it permits bank "profits." They reported that the fatwa permits all ways of...
The Sheikh of the Azhar believes that the best, Islamic way to deal with banks is deputyship, i.e. to authorize the bank to invest one´s money, especially if he has no time or experience in trade and investment.
The author argues that Islamic banks exploit Muslims’ piety.
The author discusses a debate, aired on al-‘Arabīya satellite TV channel, concerning the thorny issue of bank interest in Islam.
Khomeini’s Iran, the Taliban’s Afghanistan, Nimeiri’s Sudan and several other countries have claimed to be ruled according to Islam. Yet such ’Islamic’ rule merely led to backwardness and oppression. The elite in Egypt are terrified by the idea that a theocracy Egypt would bring a whirlpool of...
Jurisprudential controversy over bank interest is back again with a fatwa of the Grand Imam of the Azhar saying interests are halal [lawful according to the Islamic shari’a] whether they are fixed in advance or not. However, bank interest is still a hot issue for many religious scholars.
Banks are all the same, regardless whether they carry the name Islamic or not. They all work in accordance with a worldwide banking system. A study conducted by a group of professors and think-tanks from the International Institute of Islamic Thought (IIIT) held that the so-called Islamic banks are...
In reply to questions posed by AUC students, the Grand Imam of Al-Azhar, Muhammad Sayyed Tantawi, reaffirmed his fatwa that bank profits are legal in Islam (Halal), wether the interest rate is fixed or changeable according to profit and loss accounts. He added that he deposits his own money at a...
The mufti denies reports about his intention to resign because of disputes between the Grand Imam and himself concerning fatwas related to martyrdom operations and bank deposits. He says that he works in total freedom and that he could say whatever he wants without the intervention of any official...

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