Finance and Accounting

Finance and Accounting

  • Posted on: 24 September 2019

The article discusses the key features and foundation of the Islamic Finance and Banking System across the world. It also shares the progress of Islamic banking in Pakistan. Islamic banking or finance is known as non-interest banking or sharia-complaint finance which refers to a banking system based on the principles of Islamic Law and guided by Islamic Economics. The two main principles of Islamic Banking based on the sharing of profit and loss and prevent the collection and payment of interest by lenders and investors.

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