Sood aur Modern Banking - Dr Israr Ahmad

Dr. Israr Ahmad discusses the prohibition of interest (riba) in Islam and its implications for modern banking and multinational corporations. He explains how involvement in interest-based systems, even indirectly through employment, is problematic. He contrasts the impact of local businesses with that of globalized corporations, highlighting how the latter often exploit developing countries. The lecture addresses the varying degrees of accountability based on one’s direct involvement in interest-based transactions versus simply working within a system that utilizes it. He also touches upon the shift in economic power dynamics and the consequences for small businesses.

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