The answer to this question again lies in the
question itself: ‘the Government … and some institutions .. acquire “loans” and
pay a “fixed period-wise” “profit”….’
‘What’s in a name. Ribā called by any other name, even
“profit”, would still smell as foul, were it not Ribā called.’
The ‘loan’ is there. And a ‘fixed period-wise’ gain is
there. Therefore, the gain is obviously Ribā.
Although the government is the borrower in such cases and
it pays, not receives Ribā, it should not use terms that may lead the recipient
of Ribā to think that he or she is receiving profit, and it should also try to
gradually come out of the situation where it has no recourse other than
borrowing on Ribā to run the country. This obviously requires elimination of
corruption and better financial management.