Addressing the seminar, Consultant Product Department and Sharia of Meezan Bank, Umar Ahmad from Karachi said, “Trade and Riba can not be discussed because there is clear order about illegality of interest and legality of trade by the Almighty Allah”. He added Meezan Bank has started Islamic banking keeping all principles of Sharia in view.
“Islam gives priority to trade because trade and business is based on Islamic principles. In Islamic banking, bank gives share of profit “, he said.
Umar Ahmad, Area Manager Ahmar Hammad and local manager Qazi Ghulam Raza answered the questions of the participants of the seminar.