The Great Event Has Occurred - Imam Muḥammad At-Tāwīl

Any fatwa allowing bank interest, whether taking it or giving it, is an invalid juridical opinion, an affront to the Islamic Revealed Law and a slander against it, if not an objection and outright opposition to it. It is also an immense service to usurious banks, a priceless gift that they have waited for and yearned for a very long time. On the one hand, it destroys the religious barrier that Islam had placed between the Muslims and the usurious banks, protecting them from their greed and exploitation and from their economies and destinies being controlled. On the other hand, it conscripts the Ummah to serve imperialistic capital by providing its banks with sufficient monetary liquidity, so that they can expand their activities and consolidate their monopoly, after which they can acquire further fixed benefits. This is how they eat the profits of those who save and exhaust the efforts of those who invest and borrow, and they appropriate Muslims' wealth because of fatwas given by Muslims.