Rapid surge in 40 years of Islamic banking newagebd.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newagebd.net Daily Mail and Mail on Sunday newspapers.
The journey of Islamic banking began with the goal of conducting banking business in Muslim countries around the world in accordance with Islamic Shariah.
The UAE authorities have confirmed their support of $1bn for Pakistan to the International Monetary Fund according to a tweet by Ishaq Dar, Pakistan's finance minister. The State Bank of Pakistan is said to be "working to obtain the necessary documents to receive the aforementioned deposit from the UAE authorities," said Dar. It is believed that financial bailouts from the International Monetary Fund are vital to Pakistan's economy as the country works to avoid defaulting on its debts.