The Court made a ruling on June 1st, 2022. On June 25, 2022, State Bank of Pakistan along with four other banks challenged the ruling.

Resolves Yes if the ruling is implemented as written to the satisfaction of the Court. Resolves No if the ruling is amended or reveresed before being implemented to the satisfaction of the Court.

"In 1992, the Federal Shariah Court ordered the abolition of the interest rate system in Pakistan, which was later challenged in the Supreme Court of Pakistan. The Supreme Court later referred the decision back to the Federal Shariah Court in 2002 for reconsideration. In its judgment, the Federal Shariah Court declared all legal provisions relating to usury from 1 June 2022 to be non-Shari'a, stating that "interest taken in any case, including debt, falls under the category of usury." And the federal government has been ordered to completely abolish interest rates and implement a usury-free banking system in the country within a period of five years." https://en.wikipedia.org/wiki/Federal_Shariah_Court_verdict_on_interest_system_in_Pakistan

Jan 27, 4:33pm: Will Pakistan implement the Federal Shariah Court's order to abolish interest rates on debt within a period of five years? → Will Pakistan implement the Federal Shariah Court's order to abolish the use of interest rates in the financial system within a period of five years?