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Islamic Banking in Pakistan: Shariah-Compliant Finance and the Quest to make Pakistan more Islamic (Routledge Contemporary South Asia Series)

Feisal Khan




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 | #3147713 in eBooks |  2015-12-22 |  2015-12-22 | File type: PDF

||About the Author||Feisal Khan is Chair of the Economics Department at Hobart and William Smith Colleges in New York, USA. He has published on economic development and corruption in Pakistan in academic journals and edited volumes.

Islamic Banking and Finance (IBF) has become a growing force over the past three decades, with Pakistan being one of the IBF pioneers by converting to an ‘interest-free’ banking system in 1985. However, since independence in 1947, there has been continual tension over Pakistan’s essential character, between Islamic Minimalists, who favour a Modernist interpretation of Islam, and those who favour an Islamic Maximalist interpretation that sees Pakistan...

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