Islam is a DEEN. Deen means a total way of life. Religion in reality falls short of the exact meaning of Deen. A Muslim upon waking up from bed has all the guides for his/her daily transactions and interactions with his/her family, his/her co-workers and the rest of humanity; be it in the workplace, in the buses and also among neighbours. All the guidance he needs are spelt out for him to emulate until he or she goes back to bed; that is called Deen in a lesser sense.

Islam is a triangular system. The Creator, yourself, the rest of humanity and back to the Creator. When one submits oneself to the Creator in Islam, one is reconnected with Him. That is when worship comes in. So one of the lines from the Creator to the Muslim is drawn. The second line is from the Muslim to the rest of humanity. His/her interaction with them comes from the Creator. With this interaction the line of the second angle is completed. Now the third line is drawn between the individual and his/her Creator. That is he/she is also reconnected with his Creator. His/her interaction with the rest of humanity also comes from the Creator. Supposedly all these people are Muslims, they will be taking their instructions from their Creator and thus the Triangular System is completed.

      

Now since Islam is a Deen and all Muslims take instructions from the Creator and His Messenger, Islam is bound to bring about universal peace and tranquillity and the peaceful co-existence with the rest of humanity. This is the reason why Islam itself means peace.

The financial crises have said it all. According to the Accredited Global Financial Institutions, Islamic finance is thought to be in a stronger position to withstand any global financial crisis. Islamic Banking is set to be a big winner in the current financial crises. Islamic Banking is in contrast to the capitalistic system where moneylenders depend on inter-bank loans for revenue and have therefore been forced to make cutbacks due to the frozen money markets.

 Islamic banking is rooted in the principle of justice and high sense of morality. Justice is one of the cardinal principles of Islam. Islamic Banking transactions must be fair and parties must treat each other fairly. All transactions in Islamic Banking should not involve the charging of interest because it is anti-Islam. The Islamic terminology of interest is called Riba. Most of the Islamic Banks are called “Riba-Free Banks”. There is a remarkable growth of Islamic banking in Europe especially in the United Kingdom, which attributed the religion-base approach to financing, as the risks are shared equally with the investor. It is more difficult for Islamic financial institutions to use leverage, this is because the risk involved is very insignificant. Trust building is what is paramount in Islamic banking and above all accountability to Allah on both parties becomes the real drive. Therefore interests are not taken on loans and the customer is trusted to pay back within the agreed time limit. In the event of a genuine delay to meet the commitment the customer is not punished but is given help thereof. Agreeably the customer without imposition on depositing money is not charged interest but is on discussion pays for safe keeping of his money and even if this money is going to be used by the bank he or she must be informed and agrees for the money to be used.

In addition to that Islamic financing has always been linked to real transactions. It is an undeniable fact that Islamic Banking is a viable alternative to the conservative capitalistic way of Banking. It is an open secret that Islamic banks are increasing their reserves as well as attracting new customers.

Muslims do not need to tell the whole world that Islam is indeed a Deen from the Creator and not man made. This successful emergence from the global crises as a winner and a further steady annual growth of 20% not excluding Islamic banking in Europe and America presupposes that it is high time the world have a second thought about Islam and Muslims. Muslims do not need to tell the world this.  Muslims do not need to tell the rest of the world that Islam has come to solve all problems after Islamic banks have emerged from the global financial crises successful.

This successful emergence from the global crises as a winner reminds me of the famous saying of Sir Bernard Shaw about the ability and capability of Islam to solve all human problems. He said about the founder of Islam, Prophet Muhammad (SAW), and I quote, “I have studied him the wonderful man, and in my opinion far from being an anti-Christ, he must be called the saviour of humanity. I believe that if a man like him were to assume the leadership of the modern world, he would succeed in solving the problems in a way that would bring it the much needed peace and happiness.” He also added;

 “He was by far the most remarkable man that ever set foot on this earth. He preached a religion, founded a state, built a nation laid down a moral code, initiated numerous social and political reforms, established powerful and dynamic society to practice and represent his teachings and completely revolutionized the worlds of human thought and behaviour for all times to come.” (A collection of Writings of some of the Eminent Scholars” published by the Working Muslims Mission, 1935 Edition, pp 77)

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