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Islamic Banking was introduced in Zia’s regime in the 80s. Since then, it has developed very rapidly. Meezan Bank, Dubai Islamic Bank, First Dawood Islamic Bank, Bank Al-Baqarah, Emirates Global Islamic Bank and Bank Islami are full fledged Islamic banks operating in Pakistan. A number of local and foreign scheduled banks have started Islamic banking windows and exclusive Islamic banking branches. It is expected that Islamic banking will capture 12% of the deposit market by 2012.
A number of local and foreign scheduled banks have started Islamic banking windows and exclusive Islamic banking branches in Pakistan. It is expected that Islamic banking will capture 12% of the deposit market by 2012.
