Are Islamic Banking Institutions ‘Back Door Ribā (usury) Outlets?

Answered by Shaykh Yūsuf Badāt Question: What is the situation of islamic banking institutes providing housing loans on Sharī’ah base? I have heard some scholars call it a “back door ribā” as they claim that a banking institute cannot survive without a system based on interest. Please advise! Answer: بِسْمِ اللَّـهِ الرَّحْمَـٰنِ الرَّحِيمِ May Allāh…