Year
2002
Country
United Kingdom
Language
English
Abstract
The removal of Maulana Taqi Usmani from his position as an appellate court judge,_x000D_ due to a perceived conflict of interest with his work as a shari`a consultant,_x000D_ is a reflection of the state of the Islamic finance industry in general. The_x000D_ scholars must either form independent Islamic legal firms or they will be marginalized. The Pakistan government's main objective behind the removal of Maulana Taqi Usmani was the reversal of the riba judgement (passed by the Federal Shariah Court on 14 November, 1999), and its actions have merely added to the confusion about riba. The Islamisation of banking in Pakistan will only work if the_x000D_ monetary and fiscal regimes are made Islamic at the same time.
English
ISSN/ISBN
1359-351X
No. of Pages
pp.2
Volume
No. 77 (June)
Select type of work
Name of the Journal
CIS Program Old
CIS publications
No
CIS Thesis
No