Question about finance in Riba

Question about finance in Riba

Question- Assalamo alaikum.My question is about
finance. as we all know that the modern banking sytem is based on
interest and its not halal. what do you think about it? Where does MCCA
and Iskan Islamic finance stand in this respect? Are there claims true
that they provide Shariah Compliant Finance? Please help me understand
this.

Jazzakallah

Answer - Praise be to Allah and may Allah raise the rank of our dear Prophet.

The
dealings of riba (usurious gain) are haram in the Religion of Allah.
The Qur'anic verse which talks about this matter has the meaning of:
"And Allah has made selling permissible and riba not permissible". This
ruling is one whatever the name of the loan company is. As to the two
companies you've mentioned, according to many sources that have reached
us, those two companies have Islamically invalid dealings which do not
agree with our Religion.

However, if you have a specific question
about a particular transaction with them, then if you provide us with
some details then Insha'allah we can answer your specific query.

Allah Knows best.