1. “ Recent History of Interest based banking” presented by: Ahmed Butt (3287) Maliha Ahmed (3123)

2. Banking Conventional banking Islamic banking Recent History of interest based banking Rules of Islamic Banking Conclusion

4. Conventional Banking Conventional Banking In simple words, it is interest based banking

18. In later years, 2001, More than 87% invested in interest based govt. schemes. These investors were always relied on fixed and guaranteed return. 2003, the Shariah Applet Bench of Pakistan ordered to change the interest based banking system. 2005, Islamic banking system was initialized in many countries . 2009, in order to not to rely on interest based baking system 6 of the Islamic banks of Pakistan decided to set up an Islamic interbank price market .

20. 1. Any predetermined payment over and above the actual amount of principal is prohibited. 2.The lender must share in the profits or losses arising out of the enterprise for which the money was lent. 3. Gambling in prohibited. 4. Making money from money is forbidden. Of Islamic Banking