Interest Rate

Interest rate should be fixed In such a manner and style So that both the commercial banks And their clients are benefited But unfortunately many people Incur loss as a result of High interest rate The central bank should encourage The commercial banks To go for investment In the lucrative sectors In order to create more fund And to enable them to give more loans And lower interest rate For the entrepreneurs If the commercial banks Lower interest rate For the depositors The latter will not be discouraged much Since people deposit money mainly To keep it in a safe place If the commercial banks Lower interest rate For the entrepreneurs Many more people will take loan As a result Both the parties will be benefited According to Islam If there is more good elements Than bad effects Exist in a thing It becomes halal Therefore if most of the people are benefited By taking loans it becomes okay