Faysal Bank is all set for a historic transformation into Islamic banking “(Prophet) Muhammad PBUH was right about debt.” Roger Scruton “The envisaged target of 30 percent share in terms of both assets and deposits of this plan requires to capitalize on the potential of Islamic banking to cater to diversified needs of varying sectors while ensuring its stability through sound legal and regulatory footings.” State Bank Pakistan A substantial portion of the population remained unbanked in Pakistan of the will to not engage in interest model financing. Many banks opened Islamic windows. A good example is that of Faysal…
