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Cotton Industry of Pakistan – How to execute a Murabaha Transaction with an Islamic Bank?

Posted by admin
January 23rd, 2015

By  Usama Bin Tariq

Abstract

Islamic Banking Industry has always strived to provide appropriate solutions to every business sector of Pakistan not only in accordance to their financial needs but also to organize their business practices aligned to Shariah guidelines. Similarly, Islamic Banking has also played its role in the Cotton Sector of Pakistan to regularize the business practices in conformity to the rulings of Islamic trade. This paper shall focus on the business practices of the cotton industry and the anomalies (as per Shariah) present in the system and the role of Islamic Banks to revolutionize the methodology.

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