CHALLENGES OF LIQUIDITY MANAGEMENT OF IBIS IN IMPLEMENTING FSC JUDGEMENT FOR ESTABLISHING RIBA FREE ECONOMY

Authors

  • Dr. Warda Yasin Assistant Professor, Faculty of Sharia and Law, International Islamic University Islamabad Author

Keywords:

Liquidity Management, Islamic Banking, Federal Shariat Court, Riba-Free Economy, State Bank of Pakistan

Abstract

This study explores the challenges of liquidity management for Islamic Banking Institutions (IBIs) in the context of the Federal Shariat Court’s judgment mandating a transition to a Riba-free economy by 2027. It reviews directives of the FSC, measures undertaken by the State Bank of Pakistan (SBP), problems perceived globally and locally, and possible new approaches for improvement. The analysis uses a legal-analytical perspective to evaluate both financial effectiveness and Shari’ah compliance of the instruments in practice.

Downloads

Published

2026-02-09

Issue

Vol. 7 No. 1 (2025): September

Section

Articles