Why don’t wealthy committed Muslims establish Islamic banks as a substitute for Riba-based banks?
All perfect praise be to Allaah, the Lord of the worlds. I testify that there is none worthy of worship except Allaah, and that Muhammad, sallallaahu ‘alayhi wa sallam, is His slave and messenger.
Establishing Islamic banks as an alternative to Riba-based banks is undoubtedly an important issue.
This can be realized in two ways:
We draw the questioner's attention to the fact that there are many well established Islamic banks inside and outside of the Gulf region.
Allaah Knows best.
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