SBP evolving Islamic finance model: Ishrat

The State Bank of Pakistan is striving hard to find a viable alternative to interest-free banking compliant with Sharia law, the Governor of the State Bank of Pakistan has said.

The bank would have to move cautiously in this regard, as we cannot dislocate the present financial system without developing a perfect Sharia-based model.

Governor State Bank of Pakistan Dr Ishrat Hussain said this while addressing a launching ceremony of a book on interest-free financing.

He said the Islamic Division a