Banking system.

It is not my intention to say that the banking system is completely illegitimate and flawed in the discussions I have had about banking in the past. In fact, banking is one of the most important and beneficial objects of modern civilization.

 

The whole system has become capitalist because of the intrusion of only one evil demon. Nevertheless, in the present age, this system is legally serving humanity in many ways. Its benefits and indispensability are undeniable in today's world of social and cultural life and business needs. For example, sending money from one place to another and making arrangements for its collection, providing facilities for transactions with foreign countries.

 

Preserving valuables, issuing bonds, traveling travelers checks, drafts, etc., arranging for sale of company shares and launching multiple agency services, thus arranging a meager commission to the bank, relieves one of the most busy people of today.

 

These works must continue and for this a permanent institution must exist. পরIn addition, the surplus wealth of the society should be stored in a central archive instead of being scattered around and from there it would be considered very beneficial for business, industry, agriculture and Tamaddun and economy which are easily accessible in all walks of life, everywhere and in today's situation.

 

At the same time, it seems to be the easiest system for the common people. Instead of looking for opportunities to use the small amount of money that is left over even if their needs are met for a lucrative job, they will deposit the money in a central bond and use all their money in a satisfactory manner and make a profit. Arrangements will be made for distribution.

 

The biggest thing in this case is that the managers and employees of the bank and other employees involved in the economic system are not able to make a profit due to their constant and permanent involvement in economic activities. This skillful insight is certainly a valuable resource. If it is not merely a tool for the self-interest of the capitalist but is used to co-operate with the help of businessmen, then it can prove to be very useful and beneficial.

 

But the thing that is turning these benefits and advantages of banking into evil, injustice, misfortune and catastrophe for world humanity is interest. And an evil object mixed with it has given this catastrophe and evil a terrible form. That is, the capital that comes from different places due to the magnet attraction of interest is concentrated in the bank.

 

It has become the property of some self-interested capitalists and they use it in a most heinous, anti-human and anti-social way. If banking can be freed from these two vices, it will become a sacred task and will be much more beneficial and beneficial for human society and civilization than the present situation.

 

It is not surprising that this sacred method, instead of usury, proves to be more profitable financially for the capitalists and the wealthy as well. Those who think that the bank will stop collecting money after the interest is abolished, have become the victims of a huge mistake. Why do people keep their surplus in the bank when they think there is no hope of getting interest?

 

But what will happen if you don't get interest then, there will be hope of getting profit. And since the profit margin will be indefinite and unlimited, the less likely it is to make a profit compared to the general interest rate, the more likely it is to make a profit and a substantial profit. At the same time, the bank will carry out its general functions, for which people are now resorting to it.

 

Therefore, it can be said with certainty that the amount of money deposited with the bank at present, the same amount of money will be deposited even after the interest is deducted. On the contrary, due to the massive expansion of all kinds of businesses at that time, people's work-turnover will increase and their income will also increase. Therefore, much more income surplus will be deposited in the bank than at present.

 

The amount of this capital that will be deposited in the current account or current account, the bank will not be able to use it for any profit, as it can not now. So this capital will be used for two main purposes. One. Daily cash transactions and two. Providing interest-free short-term loans to traders and redeeming interest-free hundi.