Thursday, July 20, 2006

Islamic Banking is growing fast in Pakistan.

Pakistan Times | Business: Dubai Bank to buy stake in Pakistan's BankIslami

Islamic banking is gaining popularity among those in Muslim-majority Pakistan who consider conventional interest-based banking to be against Islamic tenets.

According to officials, the total assets of Islamic banking institutions grew by 244 percent in 2004 to 44 billion rupees, while deposits registered growth of 263 percent to 30.5 billion rupees. Read More Click Here

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