Banking and Islamic Law

Banking and Islamic Law

Dr. M. Muslehuddin (Ph. D. London)

Whether banking is possible under Islamic Law; What is the mark of distinction between what is purposely and expressly forbidden and that which is prohibited by way of pr~ventive measures in Islamic Law.
These types of questions are arising in the mind and what is the alternative? We have to look for those guiding factors which can. help us to orientaie a banking system without viola ting the fundamentals in Islam.
This work is a re sult of comparative study and for the purpose of better understanding .The bo ok is divided it into two parts. On deals with banking system, the other, with the princip les of Islamic Law and their application to banking, furth&, a reference is made to the relations: between types of