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Title: The Islamization of Pakistan's financial system : a legal analysis
Author: Masood, Nidaa
ISNI:       0000 0001 3446 4979
Awarding Body: School of Oriental and African Studies (University of London)
Current Institution: SOAS, University of London
Date of Award: 2007
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The aim of this thesis is to explore the effects of the proposed implementation of an interest-free Islamic financial system in Pakistan on the legal system. This thesis shows that the impetus for the Islamization of the financial system was the determination of a few members of the judiciary, to introduce Islamic norms in the legal system. The research also explores the effects of the proposed implementation of a new regime on the existing legal environment. To that end, the researcher carried out field work to record the experiences and thoughts of members of the legal profession. This has not only provided a practical insight as to the problems associated with this transition but it is also a new methodological approach to assessing the impact of a change in the norms of a legal system. This study consists ofan introduction and seven chapters. The first chapter focuses on the origins of Islamic economic thought in the subcontinent as a means of creating a distinct social identity. The researcher then goes to explore the role of Islam in the political life of Pakistan. Finally measures taken by the government to implement an Islamic financial system are recounted. The second chapter explores certain controversies surrounding the concept of riba in Islam. There is also a discussion of the permitted alternatives to interest in Ishim. Chapter 3 focuses on the vital role played by the judiciary in the riba debate and the researcher also examines the historic riba judgements of Pakistan. Chapter 4 explains the methodology and aims ofthe field research. Chapters 5 and 6 respectively, focus on quantitative and qualitative analysis of the data gathered through the use of questionnaires. In Chapter 7, the main recommendations to facilitate the process of transition are examined and the researcher's own conclusions are presented.
Supervisor: Not available Sponsor: Not available
Qualification Name: Thesis (Ph.D.) Qualification Level: Doctoral
EThOS ID:  DOI: Not available