Submitted by: Submitted by syafiyjamal
Views: 10
Words: 10534
Pages: 43
Category: Business and Industry
Date Submitted: 03/25/2016 08:44 AM
Role of Islamic Banks in
Economic Development
A Working paper exploring the meaning of Development in
Islamic perspective and suggestions regarding possible
utilization of Islamic banking for development of Pakistan.
SHAHID SALEEM1
[25 February 2008]
1
This paper was originally submitted for Gradate research assignment at Hailey College of
Banking and Finance, University of
Punjab, Lahore for Development Economics
curriculum. Also available at SSRN, USA website as http://ssrn.com/abstract=989055 & at
MPRA Germany website as http://mpra.ub.uni-muenchen.de/6449/ MPRA Paper No. 6449.
Role of Islamic Banks in Economic Development
Shahid Saleem
BBA (PU, PAK.), CBA (CIMA, U.K.)
Graduate student & Independent Research Worker
Webpage: http://shahidsaleem.netfirms.com/Papers%20&%20Research.htm
Emails: marshal.shahid@yahoo.com
Telephone: (00)92-42-5757362 / 0322-4500231
This research work is attributed to Shahid Saleem of Hailey College of Banking and Finance, 5th
Constituent College of University of Punjab, Pakistan. The university has been oldest university;
established under British rule in India, & has earned 2 Nobel laureates till date. Also, studying in
Managerial level with Chartered Institute of Management Accountants of England & Wales
(CIMA), London, founder of IMA (USA), ICWAI (India) & a leader of Management & cost
accounting in the world.
Keywords: Shahid, Islamic, Banking, Development, Pakistan, Economics
2
Role of Islamic Banks in Economic Development
Role of Islamic Banks in Economic Development
Once during a press conference in Malaysia, I was asked the question about contribution
of Islamic banks in promoting Islamic economy….. I said, they have contributed a lot and
they have contributed nothing......”
(Justice Mufti M. T. Usmani)
-------------------------------------------------------------------------------------------Abstract:
The purpose of this working paper is to give the real meaning of...