Principles of Islamic Interest Free Banking in Pakistan: Study focusing on three Islamic Banks in Pakistan

Islamic Banking, the Shariah (Islamic law) compliant banking for Muslims, is unarguably at the nascent stage of its development as a financial competitor and alternative to the conventional interest – based banking system practiced around the world. This research work looks into the principles of Islamic banks of Pakistan and focusing three Islamic Banks in Pakistan. The research work analyzes the findings of three banks made by interviews and compare with the conventional banking system, to check that are the principles different or same. This thesis is qualitative in nature, based on theoretical and empirical findings.

Avais Pervez has done his Masters in Business Administration from Mälardalen University, Västerås, Sweden. He is born Muslim belongs from the famous city Lahore(Pakistan). He decided to work on Islamic Banking because he felt that it is really interesting topic to know about and he was the first student to write this topic in his University.