The Federal Shariat Court (FSC) on _____ asked the government to eliminate Riba (interest) from Pakistan by Dec 31, 2027.

Correct Answer: B. April 28, 2022

The Federal Shariat Court (FSC) on April 28, 2022, asked the government to eliminate Riba (interest) from Pakistan by Dec 31, 2027, after declaring its prohibition in all forms and manifestations to be Islamic and in accordance with the holy Quran and Sunnah. The court specified Dec 31, 2027, as the date for the decision to take effect by way of the complete elimination of Riba, adding the five years till then are reason enough to convert Pakistan`s economy into one that is equitable, asset-based, risk-sharing, and interest-free. Announced by a three-judge bench comprising FSC Chief Justice Muhammad Noor Meskanzai, Justice Dr. Syed Muhammad Anwer, and Justice Khadim Hussain M Shaikh.