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Mufti Taqi Usmani, a prominent Islamic scholar, has affirmed that profits earned from deposits in Pakistani Islamic banks are halal or permissible under Islamic law. This statement aims to reassure Muslims concerned about the legitimacy of Islamic banking in Pakistan. According to Mufti Usmani, these banks operate in compliance with Sharia principles, ensuring that all […]
Pakistani banks have recently launched blockchain technology to fight against money laundering. The move comes as a response to the increasing concerns around financial crimes, including money laundering and terrorist financing, which have been on the rise in the country. Achieving the huge milestone, Abid Qamar, the spokesperson of the State Bank of Pakistan (SBP) […]
