Riba and the Pakistani Economy

Yep - that`s what you pakis need to do right now - re-invent the wheel.... :)...

Riba, kafir, haram, halal.... The world has moved on - but pakis are still stuck in 7th century....the ``debate`` never ends...

Nice Article Musa,

This is an area that needs attention by Muslim Scholars, Econimists, Financial Experts, Bankers etc to look at the term ``Riba`` and compare it with current financail transactions. These experts should look at all the currect financial transactions and figure out which of them comes under the riba category and which of them are considered riba free.

-Asfand

the movement of Islam was in the time of Mohammad ( s.a.w ) & now has been anti-capitalist in nature - and has preaches the idea of social justice . Collection `Interest` or `Suud` is `haram` - as simple as that . Some Muslims or should I say most Muslims take intrest either by investing in governments national saving schemes which gives higher rates or interests or by mortgageing a house in west ( applies to brothers & sisters who lives abroad ) - these people mend the rules to suit there needs - while the book says something different .
As for my and my father(s) examples Alhumdullah, we had all our lives been away from this sin of interest - may Allah keep us and everyone away from this -