Islamic Banking The Evolution of Islamic Banking in Pakistan
A Qualitative Analysis
Abstract
This article is intended to illustrate the historical evolution and development of Islamic banking. It provides information on the establishment of Islamic banking in many countries of the world. Islamic banking was started in the time of the Prophet. In this regard, the best examples of this are the partnership business of the Prophet and the establishment of Bait-ul-Mal by his Companions. In different Muslim eras, the rulers promoted the Islamic economic system. As a result of their sincere efforts, Islamic banks were established under Sharia principles in several Muslim countries. There is a need to review the development of Islamic banking in Pakistan to expand it. Let new avenues of further research and exploration be paved in academic circles. The following research article has been compiled to fulfill this present-day need of the intellectual world.
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