Islamic banking has been growing rapidly in Pakistan over the past few years, with more and more people turning to Shariah-compliant financial products and services. According to the State Bank of Pakistan, the country’s central bank, the market share of Islamic banking in the country reached 17.7% at the end …
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Islamic Finance Industry in Pakistan: An Overview of Banking Practices
Islamic banking has been gaining popularity in Pakistan over the last few decades, and there are now a number of Islamic banks operating in the country. Islamic banking operates on the principles of Shariah law, which prohibits the charging or paying of interest, and instead focuses on profit-sharing arrangements and …
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