The Pakistani experiment with Islamic (profit-and-loss sharing) banking

A critical account of the Pakistani experiment with Islamic banking. The response to PLS (profit-and-loss sharing) deposit and term accounts by the public. Spectacular growth of PLS deposits between 1981 and 1985. Investment of PLS funds by commercial banks. According to the author, it is evident fr...

Full description

Saved in:  
Bibliographic Details
Main Author: Khan, Shahrukh Rafi (Author)
Format: Print Article
Language:English
Check availability: HBZ Gateway
Journals Online & Print:
Drawer...
Fernleihe:Fernleihe für die Fachinformationsdienste
Published: 1988
In: The Bangladesh development studies
Year: 1987, Volume: 15, Issue: 4, Pages: 131-148
Further subjects:B Islamic banking
B Pakistan
B Islam
B Pakistan Kreditwirtschaft Islamische Wirtschaftsordnung Profit and Loss Sharing Islamic Finance
B Credit system
B Economic order
Description
Summary:A critical account of the Pakistani experiment with Islamic banking. The response to PLS (profit-and-loss sharing) deposit and term accounts by the public. Spectacular growth of PLS deposits between 1981 and 1985. Investment of PLS funds by commercial banks. According to the author, it is evident from the pace and form of the Islamic banking reform in Pakistan that the guardians of the financial system are not religious zealots who are prepared to ignore the consequences. (DÜI-Sen)
ISSN:0304-095X
Contains:In: The Bangladesh development studies