Big decision regarding interest | Sood Ke Hawaly Se Bara Faisla | Khalid Mehmood Abbasi

Short clip: Big decision regarding interest | Sood Ke Hawaly Se Bara Faisla by Khalid Mehmood Abbasi

سود کے حوالے سے بڑا فیصلہ
مقرر: خالد محمود عباسی

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The Federal Shariat Court on 28 April 2022 gave the government five years to implement an Islamic and interest-free banking system in the country, as the economic system of an Islamic country like Pakistan should be free of interest.
Justice Dr Syed Muhammad Anwer read out the verdict that was reserved by a three-member bench of the Federal Shariat Court. The court had reserved its verdict on April 12 after hearing all the parties and the attorney general.

The verdict stated that abolition of riba is fundamental for an Islamic system, adding that any transaction involving riba is “wrong”.
“The abolition of riba and its prevention is in accordance with Islam. The interest taken in any case, including debt, falls into riba. Riba is completely forbidden in Islam,” said the Federal Shariat Court.

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Khalid Mehmood Abbasi is the president of Islamic research center and a very well-known personality in the field of Islam and Islamic teachings. He is a top Qur’anic scholar (Mufti) as well as he knows hadith very well. Khalid Mahmood Abbasi Student of Famous Scholar Dr. Israr Ahmed. He is among the scholars and Imams in Pakistan who have contributed greatly to the material and spiritual uplift of society by imparting knowledge backed with logic and examples from Quran & Hadith. He has done many seminars and lectures on different topics of Islam and especially on Tafseer, Ahadis, and Sunnah.

Alternate titles:
1) Federal Shariat Court gives govt 5 years to implement Islamic, interest-free banking system
2) Pakistan’s top Islamic court asks govt to implement interest-free banking system by 2027

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