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16.8.10

Case Study: Pilgrims Management & Fund Board

Towards Islamic Banking: A Case Study of Pilgrims Management & Fund Board, Malaysia
Khalid Rahman
Director Institute of Policy Studies
Islamabad, Pakistan

"Experiments have been undertaken all over the world and may prove helpful in overcoming our inhibition after removing unjustified apprehensions. The task has become all the more important particularly in the context of recent Supreme Court Shariat Appellate Bench Judgment since this will help make a whole hearted beginning. This, however, requires studying in detail the institutions claiming to be operating on interest-free basis, focusing particularly on the level of success they have achieved, compatibility with Shari’ah in their working and impact on society."
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