The Constitutional, Legal and Current Status of Islamic Banking & Finance in Pakistan

Authors

  • Dr. Shahzad Iqbal Sham

DOI:

https://doi.org/10.46568/tis.v0i20.186

Abstract

 

The Ideological Foundations:

Pakistan came into being with the view to be a laboratory ofIslamic Injunctions. While  addressing  the opening ceremony of State Bank of Pakistan, the Father of the national said,"Ishall watch with keenness the work of your Research Organization in evolving practices compatible with Islamic ideals of social and economic life. The economic system of the West has created almost insoluble problems for humanity and to many of us it appears that

only a miracle can save it from disaster that is now facing

the world. t has failed to do justice between man and man and to eradicate friction from the international field. On the contrary it was largely responsible for the two World Wars in the last half century. The Western world, in spite of its

advantages     of      mechanization  and     industrial     efficiency     is today in a worse mess than ever before in history''1

 

 

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Published

2018-12-23

How to Cite

Sham, D. S. I. (2018). The Constitutional, Legal and Current Status of Islamic Banking & Finance in Pakistan. The Islamic Culture "As-Saqafat-Ul Islamia" الثقافة الإسلامية - Research Journal - Sheikh Zayed Islamic Centre, University of Karachi, (20). https://doi.org/10.46568/tis.v0i20.186