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SBP role lauded for promoting Islamic banking

Posted on 17 May 2012

The State Bank of Pakistan (SBP) is playing a major role in spreading the market of Islamic banking in Pakistan and we salute their efforts. The conventional banks are also exploring the avenues in the Islamic sector due to the promotion of parallel banking by the State Bank in 2002.
So unlike the concept, which was introduced in 1970s when the customers were forcefully being pushed towards Islamic banking, now the concept is effectively evolving when the customers have a free choice because more industry players are becoming visible………………………………………..Full Article: Source

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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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