What is meant by riba? Now, in Islam, if even a speck of interest/riba (interest is not only monetary in Islam) is mixed with your money, the whole money is affected. Now consider it in the case of a country, money is money, mixed together, interest or interest-free. So, this question will only be valid if the state denounces interest. If existing currencies, operations, treasury, process, risk mitigation tools, fractional reserve banking system, administrative discrepancies and other violation of Islamic Teachings e.t.c remains in these so-called “Islamic” Banks, then it’s the religious obligation of every Muslim to proclaim loud And clear: Islamic Banking Is HARAM. Make Pakistan a Riba Free State. Until then, nothing is interest-free.
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