Islam Mutual Profit Schemes are not Interest Riba as Inflation Cover

Islam Mutual Profit Schemes are not Interest Riba as Inflation Cover

Islamic Fatwas on interest (Riba) should take inflation cover into consideration. Real estate prices in Lahore and many other cities of Pakistan increased incredible 100 times during last 25 years. For example, wheat flour was Rs. 10 per kg in the year 2004 and now it is Rs. 40 per kg. So if I keep 160 rupees in bank for ten years without inflation cover then I will get 1 kg wheat flour purchase price for my 4 kg purchase price 10 years ago. Same is true for gold and other food items.  

Islam Mutual Profit Schemes are not Interest Riba as Inflation Cover

Apna Bank apnabank.com.pk is giving 13 percent profit on 5 years deposits. It is feasible because often Microfinance Bank give loan on 20 percent interest rate. However, this bank is still not a regularized national bank and its pacra.com.pk year 2015 rating is BBB or A3.
Pakistan government has reduced profit of SSC (3 years’ bonds) to 5.8 percent which is not even covering yearly inflation. 

Islam Mutual Profit Schemes are not Interest Riba as Inflation Cover