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Transition To A Riba Free Economy
Transition To A Riba Free Economy

Transition To A Riba Free Economy

by Waqar Masood Khan

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Product ID:14616

Language

English

Publisher

Adam Publishers

ISBN

8174353569 - Year: 2004 - Pages: 144

Binding

Hardcover

Waqar Masood Khan

Author: Waqar Masood Khan
Publisher: Adam Publishers
Year: 2004
Language: English
Pages: 144
ISBN/UPC (if available): 8174353569

Description

Elimination of Riba has been a major issue in occupying the attention of policy makers, bankers, legal experts and Islamic scholars for the lat several decades. Having expounded the basic principles of Islamic finance, the book traces the main challenges in various spheres of financial transactions and argues that a smooth transition to the new system in feasible.

The author has referred extensively to the economic conditions of Pakistan while enunciating his ideas and suggestions. This was useful, perhaps even necessary, to drive across the points that he was making. It is evident, however, that the relevance of much of what the author has said, and the suggestions that he has made, is not confined to Pakistan.

For obviously while the economic conditions of the different Muslim countries vary, there is considerable similarity in the problems they will encounter in their drive to build a riba-free economy. I feel confident that while the author’s might not be the last word on the subject, a great deal of what he says will be well worth serious consideration both in Pakistan and other countries committed to building a riba-free economic structure.

Contents

FOREWORD

INTRODUCTION

Transition to the New System

Problems of Transition

Constitutional Provisions

Efficacy of Judicial Power to Eliminate Riba

Concluding Remarks

ANNEXURES

A Note on Inflation and Indexation

Comparative Statement of Constitutional Provisions on Debs/Borrowings

List of Laws not Examined by the Federal Shariat Court

Appendix

Bibliography

Index

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