جدید معیشت،تجارت مروجہ اسلامی بینکاری میزان شریعت میں خصوصی اشاعت

“hadyatus-sawab”, this is the hadya given in return for the payment of installments from the customer to the bank and the order for “hadyatus-sawab” is that of a trading agreement. Therefore, the promise of a hadya/gift within the Ijara agreement is in fact two agreements within one agreement and not permissible in the Islamic shariah. Implementing of sadaqa due to delay of installment payment is in actuality ‘interest’. Recommendations for a correct system of Islamic banking: The modern day Islamic bank is only a financial institute and a trading one; therefore it should be converted into a realistic and practical trading institute. Islamic bank needs to quit murabaha and Ijara and move towards realistic mudarba and musharka and Islamic banks must also accept their own risk. Funds collected from mudarba must be only utilized for trading and not only for “tamweel”. An Islamic bank must play the role of a realistically shariah-compliant mudarib; who doesn’t confiscate the authority of the owner of the money by making various excuses. Instead the bank must accept the Shariah-given rights of the owner of the money and must clarify its own policy and matters. In case of a mudarba, the Islamic bank must include the depositor (owner of the money) in sharing of the profit using the same profit ratio that it applies/sets for itself. In case of a delay in payment of installments, applying the