Islamic Finance

Islamic banking vital for addressing global economic disparity


By added on 16/09/2016

Islamic Banking has always remain suspicious yet it's completely based on non interest economy unlike the general banking that deals with interest based economy, reports the Daily Times Pakistan.

 Islamic countries are rapidly adopting Islamic banking moreover it gives halal profit. Western countries have also started adopting non interest based banking system that proves the viability of Islamic banking.

 

There is a dire need of professional training in order to introduce the Islamic banking and in this regard the services of Shaikh Zayed Islamic Center are commendable since its providing certificate courses, M.Phil and PhD in Islamic Banking. These views were expressed by Malaysian Professor Datuk, Dr. Ahmed Moosa from National University of Politics and Law, China, Deputy Director INCEIF Prof. Dr. Usman and Director Shaikh Zayed Islamic Center Dr. Abida Perveen at a seminar on Islamic Banking organized at Shaikh Zayed Islamic Center University of Karachi