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MUHAMMAD MUMTAZ MASUD versus HOUSE BUILDING FINANCE CORPORATION


Civil Code of Conduct 1908 Section 34 Constitution of Pakistan (1973), Article 185 (3) Recovery of interest on loan The applicants had obtained loan from the respondents on the assumption that interest was recovered from them by Dr Mahmood-ur-Rehman Faisal. In the case, the Federal Shariah Court (PLD 1992 FSC1) declared interest to be prohibited, negating the integration of Islam, and they (applicants) did not have to pay interest on the loan obtained from the respondents. Was and has not yet been granted an effective Federal Shariat Court ruling. The final appeal against it was pending, under which the petitioners of the Supreme Court borrowed the questions from the Shariat Appellate Bench, which was bound by the terms of the agreement mentioned under the written agreement of the High Court in compliance with its constitutional jurisdiction. There is no legal error at the discretion. In the circumstances the leave to appeal was denied

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