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what is the role of Market Practice in Riba? During COVID-19, following economic relief packages were delivered by different states. Do you find any type

  • what is the role of Market Practice in Riba?
  • During COVID-19, following economic relief packages were delivered by different states. Do you find any type of Riba involved in any of these packages? If yes, which one? How? (You can explore the details of these packages).

i. Ehsaas Emergency Cash program has been launched by the Prime Minister of Pakistan on April 1, 2020.

ii.United States issued $1200 checks to Americans.

iii. The UK government committed 30 billion to saving jobs and helping the young find work in an economy ravaged by the corona virus pandemic.

  • Differentiate between the fundamentals of Islamic economic system and Capitalism.
  • Read from page 03 to 07 of State Bank of Pakistan's Islamic Banking Bulletin of March 2020 (http://www.sbp.org.pk/ibd/Bulletin/Bulletin.asp).

Write the Snapshot of current status of Islamic banking in Pakistan.

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