ISLAMABAD:The Chairman ofÂ Islamic council Maulana Mohammad Khan Sherani has said that indirect taxes are contrary to the teachings of Islam and prohibited in Sharia.
â€œTaxes can be imposed only on income,â€ Sherani said while speaking a press meeting at the end of a two-day conference on Islamic system of economy.
The CII chairman maintained that tariff cannot be collected from the end customers on the buying of goods in its place it should be composed of the capitalist and traders.
â€œThe end consumer is the ultimate sufferer of indirect taxes,â€ Sherani said adding that tax must be collected from industrialist and traders on the sale of a product as they are the beneficiary who are earning from it.
Maulana Sherani held that all the indirect taxes are prohibited in Islam.
â€œThe paper currency is only based on the power of the state has and no standing in the shape of a solid material,â€ he said.