Islamic drive in financial sector

Financial sector is considered the backbone of any country heading towards progress. Pakistan’s financial sector had passed through significant changes during the last couple of decades. The growing banking industry, increased government regulations and an autonomous State Bank are one of those major changes but the question is how much these changes have contributed to the well being of underprivileged sections in Pakistan? Is the current financial system guaranteeing the mobilization of wealth among poor or does it assure justice and overall economic growth in Pakistan? Now we are moving towards the adoption of Islamic Financial Concepts, while finding answers to these questions. Organizations and consumers, in the financial sector have started to realize that the Islamic financial system is the best solution for all their economic and financial needs.
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