FSC directs Anwar Mansoor Khan to complete his arguments by today in case of elimination of interest based system from country

ISLAMABAD, Dec 02 (SABAH): Federal Shariat Court directed amicus cure and former attorney general for Pakistan Anwar Mansoor Khan to complete his arguments by today (Friday) in the case of elimination of interest based system from the country.

A three-member full bench headed by Federal Shariat Court Chief Justice Muhammad Noor Muskanzai and comprising Justice Syed Muhammad Anwar and Justice Khadim Hussain heard the Shariah petitions filed against the interest based system in the country. During the hearing of the case Anwar Mansoor Khan, Deputy Chief of the Jamaat-e-Islami Pakistan Professor Muhammad Ibrahim Khan, Chief of the Tanzeem-e-Islami Hafiz Muhammad Akif Saeed, Allama Sajid Naqvi’s lawyer Syed Sikandar Abbas Gilani and other parties appeared before the court.

Anwar Mansoor Khan argued that unless and until there was an asset based economy, we can not get rid of interest; exploitation could not be stopped through use of paper currency.

Anwar Mansoor Khan said that the whole system came down when the transaction of paper currency was stopped during Coronavirus pandemic and that there was no special definition of ribah in the Holy Quran, adding that some people say interest did not fall in ribah, adding that I could only laugh on their statement what they are saying.

He said that the word interest is actually a substitute for ribah. Anwar Mansoor Khan said that he was not a mufti or a scholar and that he was describing what he had learnt from the books of the world, adding that idea of exchange of things in buying and selling has not ended in the world.

He said that the constitution prohibits all forms of exploitation and ribah is also a form of exploitation. Anwar Mansoor Khan said that he would complete his arguments by today (Friday) on which the court adjourned the hearing of the case till today (Friday).