ABSTRACT
(p. 159) The banking practice now prevailing in the world is subject to the capitalist economic system. Those who established this system have adopted a policy of basing market dealings on usurious principles. This system, naturally, is based on a system of interests which Islamic law does not recognize. However, many Muslims today, especially merchants, maintain that the fact that this economic system is common throughout the world makes it inevitable for individuals to deal with banks, either directly or through intermediaries. This has rendered it difficult not to deal with such banks, given the fact that market dealings have become totally linked to banking institutions. Many individuals find themselves torn between these two positions and as a result are beset by confusion which preoccupies their thinking. What should these individuals do?
