In a previous article (Renaissance, Dec 2001), the author has argued against the abolition of interest through a legal decree. Here, he proposes a strategy for this abolition. (Editor) Proposed Strate...
1. Introduction On November 23, 1999, the Sharī‘ah Appellate Bench of the Supreme Court of Pakistan announced a historical judgement, disposing off a number of appeals against the Federal Sharī‘ah Cou...
In the following part of an article by Muhammad Akram Khan, Chief Accounts Officer in the Ministry for Foreign Affairs, the writer explains that, at macroeconomic level, interest can never be accepted...