Saturday, February 11, 2012

Islamic Banking By Dr. Muhammad Imran Ashraf Usmani

Islamic Banking By Dr. Muhammad Imran Ashraf Usmani

Title of the book is "Islamic Banking" Written by Dr. Muhammad Imran Ashraf Usmani. A Meezan Banks guide to interest free Islamic Banking. Today the world economic system, that is based on interest, has resulted in concentrating the wealth in the hands of selected few creating monopolies and widening the gap between the rich and the poor. In contrast Islam encourages circulation of wealth and regards its role as important to an economy as the flow of blood to our human body. Just as clotting of blood paralyzes human body, concentration of wealth paralyzes economy. The fact is that today 10 richest men in the world have more wealth than 48 poorest countries of the world. Millions are malnourished, lack access to safe water, cannot read or write, in short the quality of life has decayed and the graph continues to go down.
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