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Riba-free financial system

Coverage of Riba-free financial system in the Nexus archive.

Earliest in view: Jul 1 · 02:14 UTCMost recent: Jul 1 · 02:14 UTC
Co-mentioned in this coverage
Ministry of Financeorganization1Federal Shariat Courtorganization126th Amendment to the Constitutiontopic1Pakistanplace1
Recent coverage
  • BUSINESSJul 1 · 02:14 UTCDAWN
    New govt loans to be Shariah-compliant from 2028

    The Pakistani government plans to transition to a Riba-free financial system by Dec 31, 2027, with all new loans Shariah-compliant from Jan 1, 2028. Existing conventional loans will continue until maturity, and foreign-owned banks may offer both Islamic and conventional products. The strategy aligns with a 2022 court ruling and a 2024 constitutional amendment.

Riba-free financial system · Dossier · The Nexus