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2025 J.L. & Soc. Pol'y 1 (2025)

handle is hein.journals/jlspy2025 and id is 1 raw text is: 


7 (1) 2025 JLSP 01 - 28


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

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


                           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.






















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

  *Assistant Professor, Faculty of Sharia and Law, International Islamic University
  Islamabad.                 (Corresponding Author)


Journal of Law and Social Policy (JLSP) VOL. 7 (1) 2025


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