Abstract
Contemporary modern interest-bearing financial system, “economic system”, has become an integral part and the prevalent system reflects that in the modern progressive era of growth where other arts have seen progress than in the old days the modern interest bearing system has become a part of the financial development. Interest in the present era has being understood as a direction for financial growth and development of economy hence in some way or the other been tried to be enforced in to the Islamic world such that it becomes a need and no country can live without. And the objectives of this interest bearing system can meet their targets. In Muslim countries minds that do not have deep commitment with Islamic teaching have been convinced in a way that in the ancient days this level of interest was not needed as in the present era. So, on the interestof present day “riba” can’t be applied whose prohibition is proved by Islamic law. The impression that interest is the need of modern times in ancient times to modern times this level of interest is not required, nor was there any specifically organized circle like todayconcept the financial system may be of interest not only if favor of contemporary practice in the present, but also an extremely ancient system was out there and have some evidence of old banking practices.This article, with the vividness of ancient religions, has proved that “interest” in antiquity is as same as of today. The form of interest and its impacts aren’t get changed by the change in ancient or current business practices
Saima Binte Muhammad Haroon. (2018) قدیم سودی مالیاتی نظام کاتحقیقی جائزہ, Al Tafseer, Volume 31-32, Issue 2.
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