Meezan Bank's Guide To Islamic Banking

Based on lecture notes and handouts prepared for a comprehensive training course for the staff of Meezan Bank. Topics include Islamic contracts, modes of financing, and investments.

Today the world economic system that is based on interest has resulted in concentrating the wealth in the hands of selected few creating monopolies and widening the gap between the rich and the poor.

In contrast, Islam encourages the circulation of wealth and regards its role as important to an economy as the flow of blood to our human body. Just as clotting of blood paralyzes the human body, the concentration of wealth paralyzes the economy.