Pakistan as a global leader in Islamic banking and finance

[Jungibaaz]

Glad to see you again mate... it's been long since i had seen your post...


@topic: Islamic banking? huh

It's good to see you too.
How's it going buddy?

@topic

For those genuinely interested in Islamic banking.

Here is a detailed informative link...

https://docs.google.com/viewer?a=v&q=cache:jLMyInHjjNoJ:mercury.ethz.ch/serviceengine/Files/ISN/90276/ichaptersection_singledocument/f906ad23-7f2d-4ba9-ab55-2b602051ac76/en/Chapter%2B3.pdf+&hl=en&gl=uk&pid=bl&srcid=ADGEESjODmwwu0tBABdciecJs_f-HBmv_8cmf5PKd0L8XYsneNdGs3SrV5H_BYDsk_N5HNIgeauHfVvll8XY6H2KTH8d5Jvlq4Vrvyi_t8wnguN07xSXCSbwokXmRepW5CQE1tp6aetB&sig=AHIEtbSxsZCgLLhenE_rw_tEIxOtPRU6wg

Personally, I don't fall for the Islamic banking myth, rather you should know that the difference (though minor) is of unethical banking and slightly less unethical.

 

[AUz]

Islamic Banking is worth more than the whole GDP of India..and it is still in infant stages...

This sector can be big..

 

[cloud_9]

Islamic Banking is worth more than the whole GDP of India..and it is still in infant stages...

This sector can be big..

THE global market for Islamic finance at the end of last year was worth around $1.3 trillion, according to the UK Islamic Finance Secretariat, part of the CityUK lobby group.

Focus: Islamic finance | The Economist

 

[AUz]

Focus: Islamic finance | The Economist

This number was recorded in 2011....It has been almost two years since..

Currently, the total worth of Islamic Finance Market is somewhere around $1.8 trillion..and it grows like 20% per year Mashallah se...So if not already, Islamic Finance will definitely surpass entire indian GDP in few years...

Other than that, Islamic "Halal" industry already worth ~ $ 3 trillion worldwide...As Islamic Populations are moving to new lands, getting more educated, and becoming more and more middle-class, these industries will grow too..

So there is a huge scope here...By 2030, there would be like 2.2 billion Muslims worldwide Inshallah..So the chances are huge

 

[qamar1990]

Islamic banking is an utter rip off and more destabilizing than traditional banking. Some of these Islamic banking offers are an ultimate joke.

you know somebody posted a video in the thread titled" isi a big failure?" you should watch that video maybe it will open your eyes.
no wonder god made interest haram.

 

[muse]

This number was recorded in 2011....It has been almost two years since..

Currently, the total worth of Islamic Finance Market is somewhere around $1.8 trillion..and it grows like 20% per year Mashallah se...So if not already, Islamic Finance will definitely surpass entire indian GDP in few years...

Other than that, Islamic "Halal" industry already worth ~ $ 3 trillion worldwide...As Islamic Populations are moving to new lands, getting more educated, and becoming more and more middle-class, these industries will grow too..

So there is a huge scope here...By 2030, there would be like 2.2 billion Muslims worldwide Inshallah..So the chances are huge

That's all great but what does it have to do with Pakistan? All of this talk about Islam and Muslims but what does it have to do with Pakistan?

This Islamic banking concept is a little confusing! I mean, if they do not charge interest on borrowings or give interest on deposits (being un-Islamic) then how are the banks managing profits? And how are the depositors benefited with nil interest??

Just call interest,"profit" and viola "Islamic"

 

[cloud_9]

This number was recorded in 2011....It has been almost two years since..

Currently, the total worth of Islamic Finance Market is somewhere around $1.8 trillion..and it grows like 20% per year Mashallah se...So if not already, Islamic Finance will definitely surpass entire indian GDP in few years...

Other than that, Islamic "Halal" industry already worth ~ $ 3 trillion worldwide...As Islamic Populations are moving to new lands, getting more educated, and becoming more and more middle-class, these industries will grow too..

So there is a huge scope here...By 2030, there would be like 2.2 billion Muslims worldwide Inshallah..So the chances are huge

 

[Yeti]

Islamic banking is a growing sector and could be very good for both India and Pakistan if we promote/invest in it the same way it is being done in London and places like Malaysia.