About this document
Islamic Banking Evolution in Pakistan by Michael Edwards is a document available to read on EtoBox.
The document provides an overview of Islamic banking. It defines Islamic banking as banking that follows the principles of Islamic sharia law, which prohibits interest and requires risk-sharing. The document discusses the philosophy of Islamic banking, allowing gains on capital but prohibiting interest. It then discusses the history of Islamic banking in Pakistan, including the process of Islamizing the banking system from 1977-2001 through removing interest and establishing sharia-compliant financing modes
- Author
- Michael Edwards
- Language
- EN