search query: @indexterm RELIGION / total: 192
reference: 160 / 192
| Author: | Nisse, J. |
| Title: | No interest? |
| Journal: | Banker
1987 : OCT, VOL. 137:740, p. 35-37, 39-40, 43-44 |
| Index terms: | BANKS PAKISTAN RELIGION INTEREST RATES |
| Language: | eng |
| Abstract: | In 1984 Pakistan introduced Islam banking. It was an attempt to increase President Zia's popularity. However, Pakistan did not follow the radical methods of Iran: interests were not cut off but phased out. Nevertheless, it took a whole year to transform the banking system, including the softwares of the computerized banks. But the real problem is that the balance-sheets of the nationalized banks are groaning under the burden of non-performing loans. |
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