All posts tagged: Statutory Regulatory Ordinance

Federal Shariat Court’s Interest Prohibition: A Fig Leaf for Capitalism’s Ugly Side

The Question On 28th April this year, the Federal Shariat Court (FSC) once again declared that riba (banking interest) was prohibited according to the injunctions of Islam and so it should be eliminated from the country within five years. The ruling established two clear sides; Islamists that became jubilant as they see this as a […]