Islam & Economy

Those who devour usury will not stand except as stands one whom the Evil One by his touch hath driven to madness. That is because they say: “Trade is like usury but Allah hath permitted trade and forbidden usury. Those who after receiving direction from their Lord desist shall be pardoned for the past; their case is for Allah (to judge); but those who repeat (the offence) are companions of the fire: they will abide therein (for ever) 2: 275


O ye who believe! fear Allah and give up what remains of your demand for usury if ye are indeed believers. 2: 278


O ye who believe! devour not usury doubled and multiplied; but fear Allah; that ye may prosper. 3:130

Student of INSTITUTE OF ISLAMIC BANKING & FINANCE IN ABU DHABI ISLAMIC BANK


Mr. Asif Basha, MBA (Fin.) from Bangalore University obtained the Post Graduate Diploma in Islamic Banking & Finance from the Institute of Islamic Banking & Finance, Hyderabad on the basis of which he has successfully secured a Managerial Position in Islamic Finance and Funds Division of Abu Dhabi Islamic Bank UAE. He has thanked the Dean of the Institute for offering this valuable Course which was instrumental in his success. Registration for current batch of this Diploma course close on 20-7-2005. Registration form & Prospectus can be obtained by sending a DD favouring IIBF for Rs. 150/- payable at Hyderabad to P.O. Box No. 1367, Hyderabad – 500 028. A.P. India. Further details can be had from E-mail : iibf_India@rediffmail.com.

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