National College of business administration & economics, Comsats university, Lahore, Pakistan
He is affiliated to National College of business administration & economics, Comsats university Lahore. He is a recipient of many awards and grants for his valuable contributions and discoveries in major area of subject research. His international experience includes various programs, contributions and participation in different countries for diverse fields of study. His research interests reflect in his wide range of publications in various national and international journals.
Research Article
HOW RIBA DESTROYS SOCIAL NORMS IN A COUNTRY LIKE PAKISTAN
Author(s): Adnan Arshad*, Majid Ali Khan and Usman Zafar
The aim of this paper is to examine the effects of riba on society and economic life of people. In this paper, we examined briefly the pros and cons of riba in social norms. We know riba is destroying the economy all over the world. But, we examined the society of Pakistan for our study. We find that riba is an antecedent of many social crimes; just like theft. In Islam, riba is strongly prohibited in favor of poor and needy people. A number of people have become a victim of it; and due to this, the people destroyed their financial life. The govt. and people should be protecting to these people. There are a number of Islamic modes of finance; but there is a need to boost it in society. We should provide awareness to our youngsters and business society regarding the drawbacks of riba. .. View more»