Masha’ALLAH! We have so many talented brothers and sisters from all types of background. I just don’t understand why we can’t come together as an ummah and collaborate to establish all Sharia compliant social and economic systems. Just imagine how proud Allah (swt) would be if we simply followed his guidelines and the teachings of our beloved prophet (saw).
Hundreds of years Muslim scholars have been keep saying riba is haram. Yes, certainly it is Haram, No doubt. However why they are not trying to work for developing halal financial products. Yes, there is something developed, but always there is limited access. Muslims had a glorious past in science and other areas we all know. Investing knowledge and effort to bring an alternative solution is an act of ibadah. All Muslims scholars have to come forward and bring a solution. Keep saying riba is haram and keep going with ignorance and give fatwa is justified? Seems like we all love to give Fatwa than Invention and bring solutions. As working on invention and bring solutions requires lot of hard work and dedication!
I absolutely agree with the sheikh that it is possible to start genuine Islamic financial institutions. However, as he said that we as Muslim community lack vision and leadership to implement it.