Riba
More News
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Banks urged to withdraw appeals against FSC order
Ashrafi says govt making effort to get rid of interest-based economic system
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Govt aims to abolish interest-based system in five years, says Dar
Finance minister says a system based on Zakat and Ushr can replace the current banking system
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SBP challenges FSC Riba verdict in SC
Argues terms of arrangements with world finances are not dictated by any law in force in Pakistan
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Shariat court to hear Riba case by April
Bench seeks view of Centre, provinces on jurisdiction regarding Islamic banking-system
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FSC agrees to first define ‘Riba’
In 1992 ruling, the court said usury was repugnant to injunctions of Islam
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Govt reluctant to swiftly move towards interest-free system
It will be an obstacle to govt’s plan to float bonds in international market
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Issue of maintainability: AGP’s word sought on plea against Riba-based system
Top court dismissed earlier petition as it is pending before the Federal Shariat Court
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No definition of Riba in Constitution, FSC told
The case was referred to the FSC by the Supreme Court to reconsider its ruling.
