Send the link below via email or IMCopy
Present to your audienceStart remote presentation
- Invited audience members will follow you as you navigate and present
- People invited to a presentation do not need a Prezi account
- This link expires 10 minutes after you close the presentation
- A maximum of 30 users can follow your presentation
- Learn more about this feature in our knowledge base article
Do you really want to delete this prezi?
Neither you, nor the coeditors you shared it with will be able to recover it again.
Make your likes visible on Facebook?
You can change this under Settings & Account at any time.
Transcript of Islamic Banking
2- Ethical Standards
3- Moral and Social Values
4- Liability and Business Risk During the 1980’s, Pakistan, Iran, Sudan, and Malaysia adopted the new system officially The first attempt to establish IB was in the 1950’s – in the rural area of Pakistan Islamic banking (IB) is relatively new compared to conventional banking
Earliest Islamic financial institution can be traced to a savings institution based on profit sharing in Mit Ghamr, Egypt in 1963 Efforts to Islamize the economy of Pakistan started in the mid 60s. However a significant attempt was made in the mid 80s to convert the banking system to an Islamic banking system History of Islamic Banking in Pakistan Shariah Board
A committee of one or more Muslim Scholars, acting as an advisory board which issues a ruling as to weather a particular undertaking is in accordance with prescribed principles. In 1979, two Government-owned mutual funds in Pakistan, the NIT and ICP, started to eliminate interest from their operations by eschewing investment of their funds in interest bearing securities In 1984, the Banking and Financial Services Ordinance, 1984 amended seven laws and Banking Tribunals Ordinance, 1984 provided a new system of recovery of non-interest based modes of financing