True riba-free Islamic banking
The motivation to provide interest- (riba) free financial services is derived from the desire of Muslim communities living in the modern age. The general perception of most of the critics…
Islamic banking: the challenges ahead
WILL our economic and financial system be able to eliminate riba (interest) by December 2027, as ordained by the Federal Shariat Court? If the past is any guide, this time…
Islamic banking: a success story
Last week the largest transformation from conventional to Islamic banking was achieved as all the branches of the Faysal Bank spread across the country completed their conversion to Islamic banking.…
The journey of Islamic banking in Pakistan
Islamic banking aligns with the spirit, ethos, and value system of Islam and is governed by the principles laid down by Islamic Shariah. At the core, it is Riba-free banking…
Islamic banking
Pakistan's economy has been experiencing pressure since past few years. The country's current account deficit swelled by 43% to highest-ever level of $18 billion in the fiscal year ended June…
Islamic banking nears its big breakthrough in Africa
Islamic banking has grown rapidly around the world but the industry remains in its infancy in Africa. However, that might be set to change. There was a noticeable buzz at…
