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Quran 57:16
Has the time not come for those who have believed that their hearts should become humbly submissive at the remembrance of Allah and what has come down of the truth? And let them not be like those who were given the Scripture before, and a long period passed over them, so their hearts hardened; and many of them are defiantly disobedient.
کیا اب تک ایمان والوں کے لیے وقت نہیں آیا کہ ان کے دل ذکر الٰہی سے اور جو حق اتر چکا ہے اس سے نرم ہو جائیں اور ان کی طرح نہ ہو جائیں جنہیں ان سے پہلے کتاب دی گئی تھی پھر جب ان پر ایک زمانہ دراز گزر گیا تو ان کے دل سخت ہو گئے اور ان میں بہت سے فاسق ہیں
Quran on interest 2:275-279
Hadith on Interest
From Jabir : The Prophet, said, may cursed the receiver and the payer of interest, the one who records it and the two witnesses to the transaction and said: "They are all alike [in guilt]."
(Muslim, Kitab al-Musaqat, Bab la'ni akili al-riba wa mu'kilihi; also in Tirmidhi and Musnad Ahmad)
From Abu Hurayrah : The Prophet, , said: "Riba has seventy segments, the least serious being equivalent to a man committing adultery with his own mother."
(Ibn Majah)
Pakistan to pay Rs1,620 billion in interest payments in 2018-19
ISLAMABAD: Pakistan will pay Rs1,620 billion in interest payments for the next fiscal year 2018-19 against the estimates of borrowing loans from external and internal sources.
Documents show that Pakistan will pay Rs1,391 billion as interest to domestic banks and Rs229 billion to foreign institutions in 2018-19.
The government has paid Rs1,526 billion as the interest payment to both domestic and foreign lenders during the ongoing year 2017-18. An amount of Rs1,332 billion paid in servicing of domestic and Rs194 billion of foreign debt.
In addition to this, Pakistan has to repay an amount of Rs21,905 billion to domestic and foreign lenders in the upcoming year.
The country will repay Rs21,129 billion to those domestic banks and other institutions from which the government took loans in previous years. Meanwhile, an amount of Rs601 billion will repay to foreign lenders including countries and institutions.
Furthermore, the finance ministry will repay Rs174 billion on short-term foreign credits in the next fiscal year.
The government had paid Rs23,448 in the ongoing fiscal year as a huge amount of Rs22,928 billion paid to domestic sources, Rs428 billion to foreign countries as well as institutions like ADB, WB, etc and an amount of Rs93 billion under the head of short-term foreign credits.
Documents indicate that the government has estimated to borrow an amount of $11.6 billion from external sources such as from bilateral, multilateral, euro bond and commercial banks in the next fiscal year 2018-19.
“Total inflows of external financing are expected to be $11.6 billion during 2018-19 with project loans of $4.8 billion and programmer loans of $1.8 billion” document stated.
The government will borrow $3.1 billion from countries like Germany, China, Japan, America, Saudi Arabia and others and $3.5 billion from multilateral sources. The government is estimated to collect $3 billion from raising bonds and $2 billion from commercial banks.
While addressing a post-budget press conference on Saturday, the newly-appointed finance minister Dr Miftah Ismail informed that Pakistan has secured financing of $1 billion but he did not disclose the name of the country.
Pakistani reserves have decreased to $10,917 million during the week ending April 20, 2018. Pakistan’s economy has come under pressure with external account worries remaining the focus of economic managers which is why the government was lobbying for more loans from a friendly country in order to cover the three-month import bill.
https://profit.pakistantoday.com.pk...1620-billion-in-interest-payments-in-2018-19/
We have to pay interest on foreign debts because of International bindings but can we cancel interest on domestic loans?
Islam on Inflation
Prophet Muhammad (SAWS) said, "A time is certainly coming over mankind in which there will be nothing
For any economic activity we need money, skilled labor, technology and one of the most important ingredient PEACE, if we don't have peace everything else is meaning less. When Allah say IN Qisas there life so why its not corner stone of our judicial system?
We hear about terrorism but how many terrorist are executed?
We hear about corruption but how many people get fired from their job and their property confiscated?
As the responsibilities and pay varies with pay scale, should punishment for corruption varies with it too? What should be punishment for someone in let say BPS 9 and 19?
Will there be punishment for incompetency, wrong decisions taken intentionally or unintentionally?
Why organized crime don't fall under Fasad fil ARD and if it falls then why to date nobody is punishment?
Has the time not come for those who have believed that their hearts should become humbly submissive at the remembrance of Allah and what has come down of the truth? And let them not be like those who were given the Scripture before, and a long period passed over them, so their hearts hardened; and many of them are defiantly disobedient.
کیا اب تک ایمان والوں کے لیے وقت نہیں آیا کہ ان کے دل ذکر الٰہی سے اور جو حق اتر چکا ہے اس سے نرم ہو جائیں اور ان کی طرح نہ ہو جائیں جنہیں ان سے پہلے کتاب دی گئی تھی پھر جب ان پر ایک زمانہ دراز گزر گیا تو ان کے دل سخت ہو گئے اور ان میں بہت سے فاسق ہیں
Quran on interest 2:275-279
- Those who consume interest cannot stand [on the Day of Resurrection] except as one stands who is being beaten by Satan into insanity. That is because they say, "Trade is [just] like interest." But Allah has permitted trade and has forbidden interest. So whoever has received an admonition from his Lord and desists may have what is past, and his affair rests with Allah.
- But whoever returns to [dealing in interest or usury] - those are the companions of the Fire; they will abide eternally therein.
- Allah destroys interest and gives increase for charities. And Allah does not like every sinning disbeliever.
- Indeed, those who believe and do righteous deeds and establish prayer and give zakah will have their reward with their Lord, and there will be no fear concerning them, nor will they grieve
- O you who have believed, fear Allah and give up what remains [due to you] of interest, if you should be believers.
- And if you do not, then be informed of a war [against you] from Allah and His Messenger. But if you repent, you may have your principal - [thus] you do no wrong, nor are you wronged.
Hadith on Interest
From Jabir : The Prophet, said, may cursed the receiver and the payer of interest, the one who records it and the two witnesses to the transaction and said: "They are all alike [in guilt]."
(Muslim, Kitab al-Musaqat, Bab la'ni akili al-riba wa mu'kilihi; also in Tirmidhi and Musnad Ahmad)
From Abu Hurayrah : The Prophet, , said: "Riba has seventy segments, the least serious being equivalent to a man committing adultery with his own mother."
(Ibn Majah)
Pakistan to pay Rs1,620 billion in interest payments in 2018-19
ISLAMABAD: Pakistan will pay Rs1,620 billion in interest payments for the next fiscal year 2018-19 against the estimates of borrowing loans from external and internal sources.
Documents show that Pakistan will pay Rs1,391 billion as interest to domestic banks and Rs229 billion to foreign institutions in 2018-19.
The government has paid Rs1,526 billion as the interest payment to both domestic and foreign lenders during the ongoing year 2017-18. An amount of Rs1,332 billion paid in servicing of domestic and Rs194 billion of foreign debt.
In addition to this, Pakistan has to repay an amount of Rs21,905 billion to domestic and foreign lenders in the upcoming year.
The country will repay Rs21,129 billion to those domestic banks and other institutions from which the government took loans in previous years. Meanwhile, an amount of Rs601 billion will repay to foreign lenders including countries and institutions.
Furthermore, the finance ministry will repay Rs174 billion on short-term foreign credits in the next fiscal year.
The government had paid Rs23,448 in the ongoing fiscal year as a huge amount of Rs22,928 billion paid to domestic sources, Rs428 billion to foreign countries as well as institutions like ADB, WB, etc and an amount of Rs93 billion under the head of short-term foreign credits.
Documents indicate that the government has estimated to borrow an amount of $11.6 billion from external sources such as from bilateral, multilateral, euro bond and commercial banks in the next fiscal year 2018-19.
“Total inflows of external financing are expected to be $11.6 billion during 2018-19 with project loans of $4.8 billion and programmer loans of $1.8 billion” document stated.
The government will borrow $3.1 billion from countries like Germany, China, Japan, America, Saudi Arabia and others and $3.5 billion from multilateral sources. The government is estimated to collect $3 billion from raising bonds and $2 billion from commercial banks.
While addressing a post-budget press conference on Saturday, the newly-appointed finance minister Dr Miftah Ismail informed that Pakistan has secured financing of $1 billion but he did not disclose the name of the country.
Pakistani reserves have decreased to $10,917 million during the week ending April 20, 2018. Pakistan’s economy has come under pressure with external account worries remaining the focus of economic managers which is why the government was lobbying for more loans from a friendly country in order to cover the three-month import bill.
https://profit.pakistantoday.com.pk...1620-billion-in-interest-payments-in-2018-19/
We have to pay interest on foreign debts because of International bindings but can we cancel interest on domestic loans?
Islam on Inflation
Prophet Muhammad (SAWS) said, "A time is certainly coming over mankind in which there will be nothing
which will be of use save a dinar and a dirham."
(The Musnad of Imam Ahmad ibn Hanbal)
For how long we should tolerate our savings becoming dust? Who gives authority to state bank to print limitless money? Is there should be any limit? Why we can't based our currency on gold and silver?
Qisas and punishing for creating fasad fil ard
Quran 2:178-179
(The Musnad of Imam Ahmad ibn Hanbal)
For how long we should tolerate our savings becoming dust? Who gives authority to state bank to print limitless money? Is there should be any limit? Why we can't based our currency on gold and silver?
Qisas and punishing for creating fasad fil ard
Quran 2:178-179
- O you who have believed, prescribed for you is legal retribution for those murdered - the free for the free, the slave for the slave, and the female for the female. But whoever overlooks from his brother anything, then there should be a suitable follow-up and payment to him with good conduct. This is an alleviation from your Lord and a mercy. But whoever transgresses after that will have a painful punishment.
- And there is for you in legal retribution [saving of] life, O you [people] of understanding, that you may become righteous
[عقلمندو! قصاص میں تمہارے لئے زندگی ہے[اس باعﺚ تم (قتل ناحق سے) رکو گے
Quran 5:45
Quran 5:45
- And We ordained for them therein a life for a life, an eye for an eye, a nose for a nose, an ear for an ear, a tooth for a tooth, and for wounds is legal retribution. But whoever gives [up his right as] charity, it is an expiation for him. And whoever does not judge by what Allah has revealed - then it is those who are the wrongdoers.
- Indeed, the penalty for those who wage war against Allah and His Messenger and strive upon earth [to cause] corruption is none but that they be killed or crucified or that their hands and feet be cut off from opposite sides or that they be exiled from the land. That is for them a disgrace in this world; and for them in the Hereafter is a great punishment,
For any economic activity we need money, skilled labor, technology and one of the most important ingredient PEACE, if we don't have peace everything else is meaning less. When Allah say IN Qisas there life so why its not corner stone of our judicial system?
We hear about terrorism but how many terrorist are executed?
We hear about corruption but how many people get fired from their job and their property confiscated?
As the responsibilities and pay varies with pay scale, should punishment for corruption varies with it too? What should be punishment for someone in let say BPS 9 and 19?
Will there be punishment for incompetency, wrong decisions taken intentionally or unintentionally?
Why organized crime don't fall under Fasad fil ARD and if it falls then why to date nobody is punishment?
