[PDF] Non Interest Banking In Pakistan eBook

Author : Feisal Khan
Publisher : Routledge
Page : 238 pages
File Size : 26,47 MB
Release : 2015-12-22
Category : Political Science
ISBN : 1317366522

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Islamic Banking and Finance (IBF) has become a growing force over the past three decades, with Pakistan being one of the IBF pioneers by converting to an ‘interest-free’ banking system in 1985. However, since independence in 1947, there has been continual tension over Pakistan’s essential character, between Islamic Minimalists, who favour a Modernist interpretation of Islam, and those who favour an Islamic Maximalist interpretation that sees Pakistan as a model Islamic state. This book analyses the push to Islamize Pakistan and its financial system by Islamic revivalists, following the early 1947 debates in the original Constituent Assembly to the final 2002 ruling on IBF of the Shariat Appellate Bench of the Pakistan Supreme Court. It examines the practice and theory behind contemporary Islamic, "Shariah-compliant", banking. It offers extensive interviews with Pakistani Islamic bankers on the state of their industry and how they see it developing, and provides analysis on how the Islamic banks’ customers differ from those of conventional ones. Presenting a critical analysis of Pakistan’s IBF experience and offering a new insight into Pakistan’s banking industry that illustrates broader political and social trends in the country, this book will be of interest to specialists on Islam, South Asia and International Economics.

Author : Abdul Rafay
Publisher :
Page : pages
File Size : 35,93 MB
Release : 2020
Category : Banking law (Islamic law)
ISBN : 9781799834724

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"This book discusses the emergence, theories, and practices of Islamic banking around the globe"--

Author : Avais Pervez
Publisher : LAP Lambert Academic Publishing
Page : 76 pages
File Size : 21,9 MB
Release : 2012-08
Category :
ISBN : 9783659204333

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Islamic Banking, the Shariah (Islamic law) compliant banking for Muslims, is unarguably at the nascent stage of its development as a financial competitor and alternative to the conventional interest - based banking system practiced around the world. This research work looks into the principles of Islamic banks of Pakistan and focusing three Islamic Banks in Pakistan. The research work analyzes the findings of three banks made by interviews and compare with the conventional banking system, to check that are the principles different or same. This thesis is qualitative in nature, based on theoretical and empirical findings.

Author :
Publisher :
Page : 406 pages
File Size : 40,5 MB
Release : 1994
Category : Banking law (Islamic law)
ISBN :

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Papers "written during a time [1980-90] when the system of Islamic banking was being designed and formulated and the initial experiences in applying the system to actual practical situations were being accumulated and lessons in the practicability of the system were being learnt. They present a chain of continuous development of thought on Islamic banking"--Preface.

Author : Muhammad Yousaf Naseem
Publisher :
Page : 100 pages
File Size : 14,93 MB
Release : 1986
Category : Banks and banking
ISBN :

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On the intrest-free banking and economic system in Pakistan.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 30 pages
File Size : 42,98 MB
Release : 1989-01-01
Category : Business & Economics
ISBN : 1451925328

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In an Islamic system, as interest is prohibited, banks are expected to operate solely on the basis of profit and risk sharing. This paper describes the developments in Islamic banking in Iran and Pakistan. As these two countries have initiated the most far-reaching experiments with Islamic banking, their experiences have a significant bearing on the feasibility of such a system. The developments in these countries are evaluated against the theory underlying the Islamic banking, and suggestions are made to achieve a more efficient system.