All sects want interest-free banking system in Pakistan, Mufti Taqi Usmani

By Muhammad JuniadPublished On 05 Jan 2023
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A well-known leading scholar of Hadith, Islamic jurisprudence and Islamic finance and former Mufti-e-Azam Pakistan, Mufti Taqi Usmani, emphasized the finance minister to take practical steps to abolish interest-based banking system in Pakistan, contending that every religious faction is in harmony with the view.

While addressing a seminar in Karachi on Wednesday, Mufti Usmani said that armed struggle to implement Shariah is impermissible.

He added that he wanted to end the usury system and worked on it.

A unanimous voice must be raised to end the scourge of usury, the scholar emphasized.

He said that all concerned institutions must try to implement interest free banking.

At a point, he added that the implementation of Shariah law is the most important thing under Islamic rule of law.

Mufti Usmani emphasized Finance Minister Ishaq Dar to take practical steps to abolish interest-based banking system in Pakistan, adding that unified decisions of scholars have always led to good outcomes.