پاکستان کی معیشت پر سود کے منفی اثرات کا علمی جائزہ A Literary review of the negative effects of interest on the economy of Pakistan

Abstract

               Pakistan is an Islamic democratic state but still its economic system is based on usury. Due to usury, multiple important and fundamental problems have arisen in the country's economy. Which have negative economic and social effects on the country Usury or Interest has been prevalent in human society for thousands of years and is also considered as the backbone of Capitalism. It has adverse effects to the Pakistan economy too. Islam has declared Usury as a forbidden, unbalanced and exploitative economic factor. The evils of usury have divided the society into rich and poor classes by fostering the psychology of selfishness and wider losses. In this article, the negative effects of usury have been pointed out, in order to eliminate usury from the economy of Pakistan. The abrogation of Interest from Pakistanis economy will help in promoting the Islamic economic system on one hand and public welfare will be achieved on the other hand.