Pakistan might adopt Islamic banking gradually

Pakistan may try to convert gradually to a full Islamic banking system rather than make a sudden transformation by the middle of next year - the Supreme Court's deadline to end all interest driven transactions, which are considered contrary to Islam - the central bank governor, Ishrat Husain, has said.

Pakistan was ordered by the Supreme Court last December to convert its financial system to an Islamic one by June 2001, the financial year-end. Central to the conversion is an end to the practice

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