Essays about: "history of islamic banking"
Found 2 essays containing the words history of islamic banking.
-
1. Performance of Islamic Banking and Conventional banking in Pakistan : a Comparative Study
University essay from Institutionen för teknik och samhälleAbstract : Islamic banking and finance in Pakistan started in 1977-78 with the elimination of interest in compliance with the Principles of Islamic Shari’ah in Islamic banking practices. Since then, amendments in financial system to allow the issuance of new interest-free instrument of corporate financing, promulgation of ordinance to permit the establishment of Mudaraba companies and floatation of Mudaraba Certificates, constitution of Commission for Transformation of Financial System (CTFS), and the establishments of Islamic Banking Department by the State Bank of Pakistan are some of the key steps taken place by the governments. READ MORE
-
2. Islamic Banking - An Alternative System
University essay from Institutionen för ekonomiAbstract : Islamic banking is an investment and financing system which expands globally. The Islamic banks have only been established for some 30 years but the banking system is based on long-going traditions within Islamic finance. The system is founded on ethical values and emphasises the well-being of society as a whole. READ MORE