Posted by: islamicfinancingnews | June 24, 2013

Islamic finance should be part of national agenda: Pakistian

islam-11 The head of the Islamic Banking Division State Bank of Pakistan has made a public appeal for more exposure for Islamic finance products that are Sharia compliant at a recent Islamic Finance Conference and Exhibition on Friday. Salim Ullah said the Securities and Exchange Commission of Pakistan was involved in smoothing the way and the central bank was taking an active role in resolving issues surrounding Islamic mortgages in that country. Salim also said that the relevant entities in that country were working toward increasing the share of the market this Sharia based product has.

It’s all part of a growing trend when it comes to Islamic finance in general that’s taking root across both America and Canada. The increasing popularity of these Islamic loans has made it necessary for the average consumer to look at a few benchmarks before they choose one of these firms over another.

First and foremost, experience needs to be a deciding factor. Take a good look at the website of the company you’re looking at to see how long they’ve been in the business of offering Islamic products to their clients. Look for a customer testimonial section as well so you can stay up to date on what others are saying about the provider of Islamic mortgages you’re looking at.

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