Mohammed Khan critiques Islamic banking

Dear Editor,

There is no need to hype up  the phenomenon of Islamic banking in Canada. The so-called Islamic mortages are only formally different from their conventional counterparts. They unnecesarrily increase the cost of being Muslim through their  fire and brimstone warnings There is even a difference of opinion on legality of interest. Some scholars like Mufti Abduh had ruled that the modern day banking is not equivalent of Riba and that only usury is prohibited.

Yours thankfully,

Mohammed Khan