Scripts with #! /bin/sh fails to execute with error bad Interpreter...

[Steven Sim]

Hello All;

I'm trying to compile Apache and I did

./configure --enable-mods-shared=all<enter>

I got

bash: ./configure: /bin/sh: bad interpreter: Permission denied

Subsequently I check with

which sh<enter>

I got

/bin/sh<enter>

and then

ls -al /bin/sh<enter>

lrwxrwxrwx    1 root     root            4 Sep 29  2002 /bin/sh -> bash

Again, a simple

bash<enter>

returned me the appropriate bash prompt

sh<enter>
sh-2.05a#

what's wrong?

I cannot seem to run any scripts with starts off with #! /bin/sh...they all
have the same error...

bash: ./configure: /bin/sh: bad interpreter: Permission denied

I'm running as ROOT

Warmest Regards
Shutterbug