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Performance of Islamic Banking

Performance of Islamic Banking

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Published by hameed.mba055336

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Published by: hameed.mba055336 on Nov 05, 2009
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05/17/2012

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Performance of Islamic Performance of Islamic Banking Banking In PakistanIn Pakistan
 
Submitted to :Submitted to :M/s Mr.Zeeshan Faisal M/s Mr.Zeeshan Faisal Prepared By Prepared By Shazeen Shabir Kalwar BM/972 Shazeen Shabir Kalwar BM/972  Adnan Ali BM /994 Adnan Ali BM /994Muhammad Bilal Ahmed Muhammad Bilal Ahmed BEM/916 BEM/916  Abdul Hameed BM,-25011 Abdul Hameed BM,-25011
 
CONTENTS CONTENTS 
Introduction
Islamic Financing 
Probation of Riba
Islamic financing Methods
Growth
Financing in Islamic banking 
Current issues
Empirical Results of Islamic Banking 
Conclusion
Recommendation
 
 
IntroductionIntroduction
The Prophet said: "There will come a time for men when no one will be anxious about profits, whether lawful or unlawful" Bukhârî,Ventes (34), bâb 7.Islamic banking in Pakistan started around three decades ago withan initiative of elimination of interest from the operations of specialized institution and commercial banks in 1977-78, but theserious efforts have been the part of recent past only when inJanuary 2000, State Bank of Pakistan (SBP) constituted aCommission for Transformation of Financial System (CTFS) tointroduce 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 thesestaid efforts, Islamic banking is now playing an important role infinancing and contributing to different economic and social sectorsin the country in compliance with the principles of Islamic Shari’ahin Islamic banking practices

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