when was islamic banking system introduced in pakistan
Islamic economics in Pakistan Conceived in late 1977 and carried out during his reign, the programme came in response to an upsurge in Islamic activism, and the problems and controversies associated with the policies of Zia's predecessor, Prime Minister Zulfikar Ali Bhutto. Zia's stated intention was to "eradicate the scourge of interest" on loans and securities,[4] and create an "interest-free economy".[3] On January 1, 1980, approximately 7,000 interest-free counters were opened at all the nationalized commercial banks, making Pakistan the first country in the Muslim world with Islamic banking.[3]
Buddhism in Southeast Asia
Economic nationalism While the coining of the term "
Lahore Resolution Although the name "Pakistan" had been proposed by Choudhary Rahmat Ali in his Pakistan Declaration,[1] it was not until after the resolution that it began to be widely used.