Federal Shariah Court verdict on interest system in Pakistan
id:
federal-shariah-court-verdict-on-interest-system-in-pakistan-260-12597838
title:
Federal Shariah Court verdict on interest system in Pakistan
text:
In 1992, the Federal Shariah Court ordered the abolition of the interest rate system in Pakistan, which was later challenged in the Supreme Court of Pakistan. The Supreme Court later referred the decision back to the Federal Shariah Court in 2002 for reconsideration. In its judgment, the Federal Shariah Court declared all legal provisions relating to usury from 1 June 2022 to be non-Shari'a, stating that "interest taken in any case, including debt, falls under the category of usury." And the fed
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https://en.wikipedia.org/wiki/Federal_Shariah_Court_verdict_on_interest_system_in_Pakistan
date created:
date modified:
2023-11-17T15:54:13Z
main entity:
{"identifier":"Q113012106","url":"https://www.wikidata.org/entity/Q113012106"}
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13
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