Buy custom Islamic Banking and Profitabiltiy in Pakistan 
    
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            | Topic: | Business | 
        
            | Number of pages / Number of words: | 43 / 11857 | 
                
    
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In the first phase, which ended on l January l985, domestic banks operated both interest-free and interest-based 'windows'. In the second phase of the transformation process, the banking system was geared to operate all transactions on the basis of no interest, the only exceptions being foreign currency deposits, foreign loans and government debts...
        
        
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In the second phase of the transformation process, the banking system was geared to operate all transactions on the basis of no interest, the only exceptions being foreign currency deposits, foreign loans and government debts. The Pakistani model took care to ensure that the new modes of financing did not upset the basic functioning and structure of the banking system...
        
        
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                                    10 YR Treasury risk-free rate of interest, krf.
                                    Estimate of the risk-free rate pf interest ("U.S. 10-year Treasury" bond rate
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