اسلامی مالیاتی قانون میں سود کی ممانعت: تاریخی و فقہی تجزیہ

The Prohibition of Riba (Interest) in Islamic Financial Law: A Historical and Jurisprudential Analysis

Abstract

This paper presents a comprehensive analysis of the prohibition of riba (interest) in Islamic financial law from both a historical and jurisprudential perspective. The prohibition is deeply rooted in the Quran and Hadith, which emphasize the social and economic harm caused by interest-based transactions. The study explores the views of various Islamic juristic schools of thought on riba and evaluates its economic implications. Furthermore, the paper discusses the challenges faced in implementing an interest-free financial system in contemporary times, particularly in Pakistan, where the struggle to eliminate the riba-based banking system has encountered significant legal and institutional hurdles. This analysis aims to shed light on the alternatives to riba in Islamic financial systems and offers suggestions for overcoming the challenges in the pursuit of a just and equitable economic model.