| | About The Author:
ABDUL JABBAR KHAN was born on 19th September 1925 After having done his B.com in 1947 from Hailey College of Commerce Lahore of the Punjab University, he joined the first batch of the State Bank of Pakistan’s officer training scheme in 1948. After having completed his training with the imperial Bank of India he joined the National Bank of Pakistan in 1949. During the course of this stay at the National Bank of Pakistan he was seconded to the Industrial Development Bank of Pakistan from February, 1963, to February, 1973. His last position at the Industrial Development Bank of Pakistan was that of a Deputy Managing Director. He was appointed a Member of the Pakistan Banking Council, from January, 1977, to March, 1978. He was Member Finance at the Board of Industrial Management from March, 1978, to November, 1978. He was President of the Habib Bank Limited from November, 1978, to November 1984, and that of the National Bank of Pakistan from November, 1984, to August, 1988. |
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| Description: |
The Purpose of writing this book is to allay some of the misgivings which presently engage the attention of those who have serious reservations about the success of the non-interest banking system and also to suggest some modifications in the existing procedures followed in Pakistan so as to bring the system nearer to the Shariah parameters. If I have succeeded in classifying some of the basic and essential characteristics of non-interest banking system and if the misgivings of those who have reservations about the new system are set at rest and , above all, if the modifications suggested in the system obtain acceptance of Shari’ah, bankers and the clients, the objective of this book would be deemed to have been achieved. This book is, therefore, divided into four parts, First part deals with question of riba in general, mentioning some misgivings about Riba and the rationale for its prohibition. Second part explains the system in vogue, short-comings therein from Shari’ah point of view and the procedures which, if followed, may bring the system nearer to Shariah parameters and the third part touches upon some criticisms of the apprehensions about the system as practiced in Pakistan. Finally, the problems and prospects of the system are discussed at the end.
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| Subject: | |
| Book: | Non-Interest Banking in Pakistan - Concept, Practice and Evaluation |
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