Islamic banking conference hailed a great success

PAKISTAN - Justice Muhammad Taqi Usmani, Chairman, Centre for Islamic Economics, said here on Monday; that the International Conference on Islamic Banking and Finance was a great success and hoped that fullest efforts would be made for the eradication of 'Riba' from the Muslim society.
PAKISTAN - Justice Muhammad Taqi Usmani, Chairman, Centre for Islamic Economics, said here on Monday; that the International Conference on Islamic Banking and Finance was a great success and hoped that fullest efforts would be made for the eradication of 'Riba' from the Muslim society.

Talking on the conclusion of the three-day conference at a local hotel he said; that he owes much to the State Bank Governor, Dr Ishrat Hussain 'when in a meeting we discussed ways and means to implement the Supreme Court judgement with regard to Riba'.

He said that Riba was a curse and all Muslims must contribute towards eliminating it in accordance with the injunctions of the Holy Qur'aan. However, he made it crystal clear that expecting overnight results would amount to living in a fools paradise.

Justice Taqi said it will be done gradually and the measures, as enunciated by the SBP Governor, were "most satisfying". The Centre for Islamic Economics would be glad to assist the SBP, CBR or any other department for the eradication of this social curse., he added. The Centre will hold courses in this behalf and educate people so that the Divine Law could be implemented in the soonest possible time.

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