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Federal Shariat Court reserves judgment in Riba Case

ISLAMABAD, Pakistan: The Full Bench of the Federal Shariat Court comprising of Justice Muhammad Noor Meskanzai Chief Justice, Justice Dr. Syed Muhammad Anwar and Mr. Justice Khadim Hussain M. Shaikh in exercise of power under Article 203-D of the Constitution of Islamic Republic of Pakistan continued hearing of the Riba Case and reserved for judgment.

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It is pertinent to mention that Riba Case was remanded by the Shariath Appellate Bench Supreme Court of Pakistan in 2002.

The existing bench of the Federal Shariat Court headed by the Chief Justice Justice Muhammad Noor Meskanzai took keen and unprecedented interest in this matter.

During the Chairmanship of his lordship of the bench 34 hearings are conducted.

Petitioners, their Counsels, Jurisconsults, Amicus Curiae, Economists, Experts, Scholars, Chartered Accountants, Attorney General, and Advocate Generals advanced their arguments and the Court heard them with patience.

They also gave suggestions for conversion of the existing banking system into Riba free Islamic Banking system.

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