![Central Banking](https://www.centralbanking.com/sites/default/files/styles/print_logo/public/2017-03/print-logo.png?itok=_maJqRIT)
State Bank of Pakistan appeals to supreme court over interest ban
Sharia court ordered Pakistan to adopt fully Islamic banking system within five years
![state-bank-of-pakistan-sbp state-bank-of-pakistan-sbp](/sites/default/files/styles/landscape_750_463/public/import/IMG/961/347961/state-bank-of-pakistan-sbp.jpeg.webp?h=f49dae34&itok=MPCymBDP)
The State Bank of Pakistan has lodged an appeal with the country’s Supreme Court, after a lower court ordered all banking in the country to be converted to Islamic principles.
In a statement, the SBP said it had conducted a “detailed review” of the judgement by the Federal Shariat Court (FSC) of Pakistan, which sets a five-year deadline for a complete ban on riba, or interest.
“Based upon the advice of our chief legal adviser and external counsel, we have sought guidance from the honourable
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com