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The Islamic Banking System is the true form of banking and it is the only alternate to the conventional system of banking which has failed to support the bolster up world’s economy. This was stated by the Director of Islamic Banking desk at State Bank of Pakistan (SBP) Professor Dr Pervaiz Saeed, while addressing a two-day workshop on “Islamic Banking and Finance” at Council of Islamic Ideology (CII).
The workshop inaugurated by CII Chairman Dr. Khalid Masud has been organised as a follow of international conference on “Islam and current economic issues” held in Islamabad in 2007. The objective of workshop is to review the existing Islamic Banking system in Pakistan which dates back to 1990 and take recommendations from Ulema who are attending the event. Click here to read full text
