Islamic Banking and Finance Practice in Pakistan (1981–1991)

Mohammad Mansoor Khan and Muhammad Bhatti
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Mohammad Mansoor Khan: University of South Australia

Chapter 5 in Developments in Islamic Banking, 2008, pp 106-125 from Palgrave Macmillan

Abstract: Abstract In the early 1980s the government of Pakistan embarked upon the project of transforming the banking and finance sector on Islamic lines. It assigned this task to the Ministry of Finance. The Ministry then advised the State Bank of Pakistan (SBP) to take the necessary steps to evolve IBF practice on the basis of the 1980 CII Report. Another special organ of the Ministry of Finance, Pakistan Banking Council (PBC), took responsibility for formulating the legal and institutional frameworks for the IBF system in Pakistan.

Keywords: Financial Institution; Mutual Fund; Banking Sector; Islamic Banking; Market Interest Rate (search for similar items in EconPapers)
Date: 2008
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DOI: 10.1057/9780230582309_5

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