The Supreme Court of Pakistan, in determining the applications and implications of the term “Riba” asked for assistance of religious scholars and other interested people of the country. For this purpose, answers to ten questions were sought. The seventh among these questions was: If all the forms of interest or mark-up are held to be […]
Payment of a Fixed Profit on Government Securities
The Supreme Court of Pakistan, in determining the applications and implications of the term “Riba” asked for assistance of religious scholars and other interested people of the country. For this purpose, answers to ten questions were sought. The fifth among these questions was: The Government of Pakistan and some institutions under its control acquire loans […]