Study and Comparison of Islamic Bank Performance Finance Essay
Islamic banking in Pakistan started around not more than three decades ago with an program to eliminate interest from specialized institutions and commercial banks in 1977-78, but serious efforts have been made only recently when in January 2000, State Bank of Pakistan constituted a Commission for Transformation of Financial System (CTFS) to introduce Shari’ah compliant modes of financing, and, on 15 September 2003, when the State Bank of Pakistan (SBP)established the Islamic Banking Department. As a result of these serious […]