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The Concept of Interest based banking leads to -Concentration of Wealth in few hands-Creation of Monopolies- Greed and Selfishness leading to injustice and oppression. How the idea of Islamic asset based banking can be developed at world bank forum?

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Question added by Syed Yasir Ali Shah , OFFICER CREDIT PROCESSING , ALLIED BANK LTD
Date Posted: 2016/03/15
Muhammad Owais Mustafa
by Muhammad Owais Mustafa , Regional Shariah coordinator P&O Plaza Financing Hub , Meezan Bank lTD.

Islamic Banking is based on Asset based financing in which Islamic bank not directly sanction the loan but any of asset provided to the customer in this way need of customer fulfil and in othoer hand manufacture of assets gain the profit labour of manufacturere earn thier wages and whole economy grow.

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