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A conversation on riba
Thinking deeper about the system as a whole, if there is no inflation, the necessity for interest does not arise
The writer is a senior political economist based in Islamabad. He can be reached at [email protected]
Last week, the Press Council of International Affairs (PCIA), a think platform convened by veteran journalist Asadullah Ghalib, organised a conversation in Lahore on riba. It was hosted by a realtor, Iftikhar Sindhu, who had challenged the “antis” in the first place in the WhatsApp substitute forced by the current pandemic. Farid Paracha, one of the petitioners at the Shariat Court for the implementation of the decades-old ruling to eliminate riba, traced the history of official intransigence. He quoted from the Quaid’s speech at the inauguration of the State Bank, the Objectives Resolution and Article 38F of the 1973 Constitution. Ather Waheed opined that the unimplemented judgments by the Shariat and Supreme Courts sorted out ....

Farid Paracha , Asadullah Ghalib , Iftikhar Sindhu , Taqi Usmani , Saeed Ahmad , Shariat Court , Council Of International Affairs , Press Council , International Affairs , State Bank , Objectives Resolution , Ather Waheed , Supreme Courts , Shariah Board , Mujib Shami , Oria Maqbool , அசாதுல்லா காலிப் , இப்த்திக்ர் சிந்து , டாகீ உஸ்மானி , ஷரியத் நீதிமன்றம் , சபை ஆஃப் சர்வதேச வாழ்க்கைத்தொழில்கள் , ப்ரெஸ் சபை , சர்வதேச வாழ்க்கைத்தொழில்கள் , நிலை வங்கி , அதேர் வீத் , உச்ச நீதிமன்றங்கள் ,