| With the success of almost full and successful conversion of National Commercial Bank (NCB) of Saudi Arabia, and relatively smaller but equally successful conversions of Middle East Bank into Emirates Islamic Bank, Sharjah National Bank into Sharjah Islamic Bank, and relatively slow (but important in a Pakistani context) and yet to be completed conversion of Khyber Bank into an Islamic bank, we do not observe any further full conversions of conventional banks into fully-fledged Islamic banks.
Many industry observers would have expected to see full conversion of the likes of Muslim Commercial Bank and Habib Bank, but despite Islamic windows of these banks full fledged conversion does not seem to be on the horizon. Why?............................................Full Article: Source
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