Sood Ka Nizam - How to Escape Interest - Dr Israr Ahmad
Dr. Israr Ahmad discusses the pervasive nature of interest (soud) in modern economies and its prohibition in Islam. He explains that simply eliminating banks isn’t feasible, but a gradual shift towards profit and loss sharing, similar to partnership or investment corporations, is necessary. He emphasizes the varying degrees of involvement in interest-based transactions, from direct involvement (like banking) to indirect (like working as an accountant in a bank) and encourages individuals to move away from the most deeply entrenched practices towards less harmful ones. He draws a parallel to escaping drowning—moving from deep water to shallow water increases the chance of survival. He explains the Islamic principle of avoiding even proximity to major sins to prevent transgression.
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