Another Suez Canal is essential now for Egypt and everyone can benefit from it as well. Who puts his savings in the project, will be paid a rate of less than 12 percent. Orthodox Muslims speak a disgrace.
According to most Muslims, contrary investment are against one of the most basic financial rules of the Qur’an: the prohibition on the payment of interest. Writes the Sharia code that Muslims are allowed to lend money, but they may not be financially better. There the new Suez Canal consists of a few extra shipping lanes on crowded places alongside the existing channel be placed. Egypt since the uprising in 2011 saw decline, its tourism and foreign investment hopes the project will give a major boost in its economy. Importance of the channel is obvious.
Since its construction in 1869 ships have sailing between Europe and Asia, no longer around Africa. Egyptians wishing to participate in the expansion can buy a certificate, valid for five years and returns every three months dividends. Trading with only profit: Imams of Salafist cut, which are among the most orthodox movements in Islam, were recent weeks clearly in their judgment. The certificates come down to ‘usury’, and that is haram according to Islam. “Improper”, stated the authoritative Salafist Abu Ishaq Heweini. “In Islam halal trade is based on profit and loss but trade where you only make a profit, is wrong”. also found Ala’a Shehtu of the Salafist party Al-Nour.
“To put their judgment force to justify the Salafists some fatwas or religious statements off. Channel is “beneficial for the country and humanity” The most influential Sunni institution in the world with the certificates considerably less effort. In its own fatwa allows Al-Azhar, based in Cairo, that this form of interest is allowed. The Ministry of Religious Affairs points out in yet another fatwa that the new channel “is beneficial for the country and humanity itself.”Even the highest religious institution of the Egyptian government, Dar Al Ifta, now speaks of patriotism. The dividend is an economic boost, you Dar Al Ifta. It encourages citizens to participate and so ensure “that the state can withstand financial setbacks and can continue to develop.” It seems usury, but it is not.”Sharia is in favor of new, innovative methods.”