يَا أَيُّهَا الَّذِينَ آمَنُوا اتَّقُوا اللَّهَ وَذَرُوا مَا بَقِيَ مِنَ الرِّبَا إِن كُنتُم مُّؤْمِنِينَ - 2:278
O you who have believed, fear Allah and give up what remains [due to you] of interest, if you should be believers.
فَإِن لَّمْ تَفْعَلُوا فَأْذَنُوا بِحَرْبٍ مِّنَ اللَّهِ وَرَسُولِهِ ۖ وَإِن تُبْتُمْ فَلَكُمْ رُءُوسُ أَمْوَالِكُمْ لَا تَظْلِمُونَ وَلَا تُظْلَمُونَ - 2:279
And if you do not, then be informed of a war [against you] from Allah and His Messenger. But if you repent, you may have your principal - [thus] you do no wrong, nor are you wronged.
Surah Al-Baqarah
As the details are unfolding we are coming to know more on how Imran Khan is planning to give 5 million houses to poor and middle class people. Land will be provided by the government and used as a collateral. Then a private contractor will build houses and commercial banks will provide the money which later will be collected from the recipients on monthly basis. We still don't know who will pay for roads, electricity, gas and development of other infrastructure at these communities.
Now, this is where the whole thing falls on it's face. These commercial banks will be charging variable interest rates based on the KIBOR rate fixed by the state bank. Inflation is high and interest rates are gradually increasing at this point. Even if you have low payments to start, it will increase every year as interest rates move upwards.
I have the feeling that some hidden foreign powers are pushing Pakistan in to mortgage scam so later they will bundle up all these loans together and sale them to unknown investors as they please.
THIS IS STRAIGHT-UP RIBA AND HARAM. I am sorry but I never expected this from a man who prays 5 times everyday and who goes to Madina shoeless.
We are not beggars. We don't need these haram houses. As a leader I only ask you one thing. When will you crack-down on property mafia. 10 lac wala plot is being sold for 1 crore.
If you only crackdown on black money parked in Real estate sector, prices will go down and everyone will build a hconspiracyouse without help from federal government and without using this HARAM method of SOODI system.
This is straight up declaration of war against Allah and his Prophet PBUH. RIBA is the only sin who is declaration of war against Allah.
Moreover, while he is the PM of Pakistan, commercial banks already starting to spend heavy advertisement money to reel in people in to this Ponzi-Scheme. Just take a look at this ad by National Bank which is currently working under the leadership of Imran Khan as a Public ban
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another paid chamcha of Qatari Ferrari media cell. look at the despration islam, co
