An Ineffective Verdict
A National Consultation of the Muhammadiyah organization decides that the interest paid by conventional banks is religiously unlawful. One person feels that this decision is not effective.
April 14, 2010
SYARIFAH Rasyid, 30, was using an automated teller machine of a conventional bank in the Sudirman area of Central Jakarta. “I am transferring money and paying a credit card bill,” she said to Tempo on Wednesday last week.
Syarifah is one of tens of millions of followers of the Muhammadiyah organization who have bank accounts in conventional banks. Regarding the fatwa or religious legal verdict declaring bank interest to be forbidden, Syarifa
...