India’s Darul-Uloom Deoband Islamic seminary bans Indian Muslims from working in banks
On May 17, 2010 · In Financial Institution, Interest, Islamic Banking, Islamic Law, Islamic schools, Islamization, Sharia Compliant, Shariah Banking, Shariah Law, Usury
A powerful Islamic seminary in northern India, with ties to Jihadist groups, has issued a fatwa, or decree, against Muslims working in banks.
According to a spokesman for the seminary, tenets of Shariah law state that Muslims must not work in banks because as employees they would have to deal with transactions involving interest and also make interest entries in bank ledgers.
This simply puts more pressure on banks to become Shariah-compliant…
http://www.google.com/hostednews/afp/article/ALeqM5jmScUbkSphxGof4qdxDOEcPQKlvQ
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