A protester outside the Wall Street asks "Lets bank the Muslim way?"
It started in Lower Manhattan. A handful of protesters descended on Wall Street calling themselves representatives of ‘the 99 per cent’ – the majority of Americans who feel unfairly treated by an economic system in which wealth accrues to the already rich.
Despite an initial lack of coverage, the protests spread country-wide and the crowds grew.
Capitalist system is near meltdown. The only solution to is Interest free Islamic Economic system.
An Islamic economy is free of interest. Islam prohibits all transactions involving interest.Interest is neither a trade nor a profit. It is a means of exploitation and concentration of wealth. The Qur’an says:
"They say, trade is like interest and Allah has allowed trade and prohibited interest." (2:275).
"Whatever you pay as interest, so that it may increase in the property of (other) men, it does not increase with Allah."(30:39).
"O you who believe, do not take interest, doubling and quadrupling, and keep your duty to Allah, so that you may prosper." (3:130).
"O you who believe, observe your duty to Allah and give up what remains (due) from interest, if you are believers. But if you do not do it, then be warned of war from Allah and His messenger; and if you repent, then you shall have your capital. Do not exploit and be not exploited." (2:278-279).
Interest is the basis of modern capitalism. It is completely opposite to Zakah. Zakah channels wealth from the rich to the poor while interest takes away wealth from the poor and hands it over to the rich.
Western Economic system ( Capitalism ) is going to collapse now.
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