The Federal Shariat Court of Pakistan has ordered the country's government to eliminate interest (Riba) from its banking system within five years. The Court on the 28th of April announced a verdict in a long-pending case on Riba (interest), declaring the prevailing interest-based banking system as against the Sharia and directed the government to facilitate all loans under an interest-free system. Following this decision, IKAM is organizing an online panel discussion on "Pakistan's Federal Shariat Court's Decision to Eliminate Interest: History and Implication". 

Two senior scholars from the Islamic economics and finance fraternity who have closely followed this case and are well versed with all stages it went through will enlighten us about the 32-year long struggle behind the verdict that has come as a success as well as its practical implications for the financial system

It is our sincere pleasure to invite you to this panel discussion. Please register to get the participation link. The link will be emailed before the panel.  

Moderator

Prof. Necmettin Kızılkaya, Istanbul University/IKAM

Panellists

Prof. Muhammad Ayub, Riphah International University, Pakistan

Dr. Muhammad Tahir Mansoori, Shariah Advisory Board, Securities and Exchange Commission of Pakistan (SECP)

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