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Islamic Banking

This study was prepared by Zubair Iqbal of the Middle Eastern Department and Abbas Mirakhor of the Research Department. To collect information and views for the study, the authors held discussions with the authorities and representatives of commercial banks in the Islamic Republic of Iran and in Pakistan.

Interest-free banks have also been operating in several non—Muslim countries.
The experiences of the Islamic Republic of Iran and of Pakistan—tw0 countries
that have recently attempted to implement Islamic banking on a comprehensive ...