05-20-2005, 10:01 PM
well much has been said and written over interest and its alternative solutions, but you know it is easier to say but difficult to implement as no practicable solution has been put forward by any scholar. This issue requires a lot of research in the context of religion and economics. letus hope that some day we will get upon it. The problem becomes more complicated because of globallisation. Suppose we shift completely to a non interest based system in Pakistan but due to our foreign committments and obligations we will have to interface with the interest based system of the rest of the world. The fact is that the powerful rules. If muslims become united and economically strong, only then a non interest based system can become a reality