23.12.2010 - Pakistan: Islamic banks may begin issuing credit cards by 2011
From Brecorder.com: Islamic banks are likely to start issuing credit cards by 2011, Country Head, Al-Baraka Bank (Pakistan) Limited, Shafqat Ahmed informed business community on Wednesday. He said Al-Baraka Bank was also working on some new products including personal loan, which will probably be introduced next month. Replying to a question regarding opening of Islamic bank branches in rural areas, he referred to a condition of State Bank of Pakistan (SBP) under which all Islamic banks have to open 20 percent branches in rural areas. He hoped that there would be lot of Islamic bank branches operating in rural areas within next five years..............................................Full Article: Source
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