| The Attock Chamber of Commerce and Industry (ACCI) said on Thursday that Islamic banking was fast spreading in the country and its growth rate was very impressive. "A decade back Pakistan had only one Islamic bank while now we have five Islamic banks and Islamic banking branches representing all the top ten conventional banks," ACCI President Tariq Mehmood said in a statement.
Seventy five countries have recognised Islamic banking while major banks including HSBC, Citigroup, Deutsche Bank and Standard Chartered have Islamic banking branches or windows which prove success of Riba-free banking, he added...............................................Full Article: Source |