The Virtual Mosque
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[Video] Fixing Interest Rates and Bankers Bonuses

Recently we had the banks colluding to fix interest rates, earlier on we had the scandal of bankers’ bonuses and then there was the scandal of expense claims by British Members of Parliament. Laws are being made to deal with these as individual problems but no one has given any thought to the crux of the problem. We look at Chapter 2 [...]

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[Video] Charging Interest in Islam

This is a personal interpretation of the verse of the Holy Quran which prohibits charging of interest. This varies from the traditional interpretations. It has to be said that the traditional interpretations although interpreting this verse as totally prohibiting interest then set out to devise methods to circumvent the prohibitions. An example [...]

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