A critical analysis of a thirty-five year judicial interplay in riba case

Tauheed Ullah, Siddiqui and Muhammad, Musa and Mohd Yusoff, Syarah Syahira (2024) A critical analysis of a thirty-five year judicial interplay in riba case. Journal of Business and Management Research, 3 (1). pp. 955-962. ISSN 2958-5066 E-ISSN 2958-5074

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Abstract

Pakistan has long been undergoing multiple litigations and judicial rounds of misadventures over thirty-five years in pursuit of elimination of riba from the national economy. The founder of Pakistan, Quaid-i-Azam Muhammad Ali Jinnah had aspired to see the research organization of the State Bank to evolve an indigenous economic model based on Islamic principles instead of relying upon the western system in his address in the inaugural ceremony of State Bank of Pakistan in 1948.1 Likewise, all the three constitutions also enunciated earliest elimination of riba as a part of principles of policy. This article investigates as to why after all the founder’s aspiration and the constitutional enunciations, riba could not be eliminated from the national economy so far. It will be doctrinal research that explores and analyses critically various aspects of the delays and deferments of the judicial proceedings and process in implementation of the judgements of the apex courts of Pakistan.

Item Type:	Article (Journal)
Uncontrolled Keywords:	riba, judgements, interplay, delay, proceedings, constitution, elimination, court
Subjects:	BPH Islamic Economics BPH Islamic Economics > BPH589.2 Riba - Interest BPH Islamic Economics > BPH72 Economic development. Growth. Sustainable development. Sustainability BPK Islamic law. Shari'ah. Fiqh
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Institute of Islamic Banking & Finance (IIiBF)
Depositing User:	DR Syarah Syahira Mohd Yusoff
Date Deposited:	01 Jul 2024 15:32
Last Modified:	01 Jul 2024 15:42
URI:	http://irep.iium.edu.my/id/eprint/112810

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