68pc Pak­ista­nis be­lieve that in­ter­est charged by banks is haram

The Pak Banker - - FRONT PAGE -

A ma­jor­ity of Pak­istani be­lieves that banks in­ter­est are il­le­git­i­mate and un­law­ful in the re­li­gion of Is­lam as per sur­vey con­ducted by Gallup Pak­istan. The re­sults shouldn't come as a sur­prise to most of us, and points to one of the ma­jor is­sues why Pak­ista­nis gen­er­ally shy away from bank­ing prod­ucts.

Ac­cord­ing to Gallup Pak­istan, this is how the sur­vey was for­mu­lated and pre­sented:

'A na­tion­ally rep­re­sen­ta­tive sam­ple of men and women from across the four provinces was asked, "Some peo­ple are of the opin­ion that the in­ter­est charged in banks is not haram while oth­ers are of the opin­ion that bank in­ter­ests are haram.

In your opin­ion is the in­ter­est charged in banks haram or not?" In re­sponse, 68% said that it is haram while 21% said that it is not haram and 11% did not re­spond,'Gallup-poll.

The study was re­leased by Gi­lani Re­search Foun­da­tion (who also did the field work for the poll) and car­ried out by Gallup Pak­istan, the Pak­istani af­fil­i­ate of Gallup In­ter­na­tional.

The re­cent sur­vey was car­ried out among a sam­ple of 1826 men and women in ru­ral and ur­ban ar­eas of all four provinces of the coun­try, dur­ing De­cem­ber 21 - De­cem­ber 28, 2015. The er­ror mar­gin is es­ti­mated to be ap­prox­i­mately ± 2-3 per cent at 95% con­fi­dence level.

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