{"id":22,"date":"2017-03-22T12:50:57","date_gmt":"2017-03-22T12:50:57","guid":{"rendered":"https:\/\/bankislami.com.pk\/?page_id=22"},"modified":"2022-09-20T10:24:36","modified_gmt":"2022-09-20T05:24:36","slug":"knowledge-center","status":"publish","type":"page","link":"https:\/\/bankislami.com.pk\/ur\/knowledge-center\/","title":{"rendered":"\u0639\u0644\u0645 \u0645\u0631\u06a9\u0632"},"content":{"rendered":"<p><section id=\"bt_bb_section6a561c698292c\" class=\"bt_bb_section bt_bb_layout_boxed_1200 bt_bb_vertical_align_top bt_bb_top_spacing_medium bt_bb_bottom_spacing_medium\"  data-bt-override-class=\"null\"><div class=\"bt_bb_port\"><div class=\"bt_bb_cell\"><div class=\"bt_bb_cell_inner\"><div class=\"bt_bb_row\"  data-bt-override-class=\"{}\"><div class=\"bt_bb_row_holder\" ><div  class=\"bt_bb_column col-xl-12 col-xs-12 col-sm-12 col-md-12 col-lg-12 bt_bb_align_left bt_bb_vertical_align_top bt_bb_padding_normal\"  data-width=\"12\" data-bt-override-class=\"{}\"><div class=\"bt_bb_column_content\"><header class=\"bt_bb_headline bt_bb_font_weight_900 bt_bb_dash_top bt_bb_size_extralarge bt_bb_align_center\" data-bt-override-class=\"{&quot;bt_bb_size_&quot;:{&quot;current_class&quot;:&quot;bt_bb_size_extralarge&quot;,&quot;def&quot;:&quot;extralarge&quot;,&quot;xl&quot;:&quot;extralarge&quot;},&quot;bt_bb_align_&quot;:{&quot;current_class&quot;:&quot;bt_bb_align_center&quot;,&quot;def&quot;:&quot;center&quot;,&quot;xl&quot;:&quot;center&quot;}}\"><h2 style=\"font-size:45px\" class=\"bt_bb_headline_tag\"><span class=\"bt_bb_headline_content\"><span><b>Frequently Asked Questions<\/b><\/span><\/span><\/h2><\/header><div class=\"bt_bb_separator bt_bb_border_style_none bt_bb_top_spacing_small bt_bb_bottom_spacing_medium\" data-bt-override-class=\"{&quot;bt_bb_top_spacing_&quot;:{&quot;current_class&quot;:&quot;bt_bb_top_spacing_small&quot;,&quot;def&quot;:&quot;small&quot;,&quot;xl&quot;:&quot;small&quot;},&quot;bt_bb_bottom_spacing_&quot;:{&quot;current_class&quot;:&quot;bt_bb_bottom_spacing_medium&quot;,&quot;def&quot;:&quot;medium&quot;,&quot;xl&quot;:&quot;medium&quot;}}\"><\/div><div  class=\"bt_bb_text\" >\n            <div \n                class=\"elfsight-widget-faq elfsight-widget\" \n                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type%2C%20he%20ends%20up%20owing%20a%20loan%20to%20the%20finance%20provider.%20Nonetheless%2C%20an%20Islamic%20banking%20system%20does%20not%20face%20problems%20associated%20with%20debt%20accumulation%20because%20the%20debt%20generated%20is%20used%20to%20finance%20real%20transactions%20i.e.%20the%20purchase%20of%20real%20commodities%20and%20assets.%20In%20addition%2C%20the%20markup%20is%20set%20once%20and%20it%20is%20not%20cumulative.%20Furthermore%2C%20the%20debt%20is%20not%20marketable%2C%20as%20it%20is%20sellable%20only%20at%20face%20value.%20This%20makes%20debt%20renewal%20or%20accumulation%20much%20more%20difficult.%20In%20this%20context%2C%20it%20is%20inconceivable%20that%20Islamic%20financing%20could%20generate%20debts%20to%20the%20extent%20that%20their%20volume%20would%20exceed%20the%20volume%20of%20the%20commercial%20and%20production%20activities%20financed.%20Furthermore%2C%20the%20bulk%20of%20debts%20in%20a%20conventional%20economy%2C%20mostly%20government%20debt%2C%20would%20be%20replaced%20in%20an%20Islamic%20economy%20by%20financing%20through%20Islamic%20modes.%20There%20is%20no%20room%20for%20a%20large%20volume%20of%20transactions%20in%20debt%20instruments%20%28bonds%29%20as%20appears%20in%20conventional%20economies%2C%20where%20the%20volume%20of%20such%20transactions%20reaches%20multiples%20of%20GDP.%20Unlike%20a%20capitalist%20economy%2C%20the%20Islamic%20economy%20is%20not%20heavily%20leveraged.%20Thus%2C%20such%20an%20economy%20would%20be%20well%20protected%20against%20shocks%20resulting%20from%20debts.%3C%5C%2Fdiv%3E%3Cdiv%3E%3Cbr%3E%3C%5C%2Fdiv%3E%3Cdiv%3Eiii.%20Relative%20stability%20of%20the%20banking%20system%3C%5C%2Fdiv%3E%3Cdiv%3E%3Cbr%3E%3C%5C%2Fdiv%3E%3Cdiv%3EConventional%20banks%20hold%20assets%20resulting%20from%20personal%20and%20business%20finance%20which%20can%20generally%20be%20riskier%20than%20their%20liabilities%20to%20their%20depositors.%20The%20conventional%20banking%20system%20would%20therefore%20face%20some%20measure%20of%20instability%20especially%20during%20the%20downturn%20of%20the%20business%20cycle%20or%20generally%20during%20periods%20of%20low%20aggregate%20demand.%20At%20such%20time%2C%20higher%20rates%20of%20business%20failures%20and%20bankruptcy%20could%20bring%20the%20average%20rate%20of%20return%20on%20banks%27%20investments%20below%20the%20average%20rate%20of%20interest%20they%20have%20to%20pay%20on%20time%20deposits.%20This%20exposes%20banks%20themselves%20to%20business%20failures.%20By%20contrast%2C%20Islamic%20banks%20guarantee%20only%20demand%20deposits%20and%20shares%20the%20risks%20with%20investment%20depositors.%20An%20Islamic%20bank%20may%20not%20generally%20be%20expected%20to%20incur%20losses%2C%20even%20at%20times%20of%20low%20levels%20of%20aggregate%20demand%2C%20because%20of%20its%20wider%20scope%20of%20activities.%20When%20the%20rates%20of%20return%20on%20its%20investments%20decline%2C%20so%20does%20the%20rate%20of%20return%20paid%20out%20to%20the%20depositors.%20The%20possibility%20of%20business%20failure%20faced%20by%20Islamic%20banking%20is%20therefore%20lesser%20as%20compared%20to%20its%20conventional%20counterpart.%20We%20can%2C%3C%5C%2Fdiv%3E%3Cdiv%3E%3Cbr%3E%3C%5C%2Fdiv%3E%3Cdiv%3Etherefore%2C%20conclude%20that%20Islamic%20banking%20is%20more%20stable%20which%20in%20turn%20gives%20an%20added%20measure%20of%20stability%20to%20the%20domestic%20economy.%3C%5C%2Fdiv%3E%3Cdiv%3E%3Cbr%3E%3C%5C%2Fdiv%3E%3Cdiv%3E%3Cstrong%3EB%29%20Advantages%20of%20Islamic%20Financing%20at%20the%20International%20Level%3C%5C%2Fstrong%3E%3C%5C%2Fdiv%3E%3Cdiv%3E%3Cstrong%3E%3Cbr%3E%3C%5C%2Fstrong%3E%3C%5C%2Fdiv%3E%3Cdiv%3EThe%20present%20age%20of%20globalization%20has%20witnessed%20the%20narrowing%5C%2Feliminating%20the%20gaps%20of%20communication.%20Further%2C%20the%20market%20disclosures%20are%20also%20getting%20enhanced%20which%20would%20expose%20the%20economies%20to%20the%20influences%20of%20external%20factors%20that%20pass%20through%20trade%20as%20well%20as%20capital%20flow%20channels.%20A%20single%20country%20cannot%20place%20trade%20controls%20without%20consulting%20the%20World%20Trade%20Organization%20%28WTO%29.%20After%20repeated%20international%20financial%20crises%2C%20especially%20that%20which%20befell%20the%20South%20East%20Asian%20countries%2C%20economists%20found%20themselves%20compelled%20to%20reconsider%20their%20preference%20for%20free%20capital%20flows%2C%20especially%20short-term.%20This%20cannot%20be%20ignored%20that%20such%20flows%20are%20associated%20with%20interest-based%20financing%2C%20where%20debt%20becomes%20marketable%20and%20free%20moving.%3C%5C%2Fdiv%3E%3Cdiv%3E%3Cbr%3E%3C%5C%2Fdiv%3E%3Cdiv%3EIn%20a%20conventional%20economy%2C%20debt%20financing%20comes%20in%20a%20pyramid-shaped%20chain%2C%20where%20foreign%20banks%20lend%20local%20banks%2C%20which%20in%20turn%20lend%20individuals%20and%20local%20enterprises.%20Most%20of%20this%20lending%20is%20on%20short-term%20basis.%20Once%20foreign%20banks%20face%20a%20problem%2C%20they%20recall%20their%20loans%20from%20local%20banks%2C%20which%20in%20turn%20recall%20their%20loans%20from%20domestic%20borrowers.%20Thus%20the%20pyramid%20of%20debts%20starts%20to%20collapse%20and%20a%20financial%20crisis%20ensues.%3C%5C%2Fdiv%3E%3Cdiv%3E%3Cbr%3E%3C%5C%2Fdiv%3E%3Cdiv%3EAn%20Islamic%20economy%20would%20receive%20external%20capital%20flows%20using%20only%20Islamic%20modes%20of%20finance.%20Whether%20based%20on%20partnership%20or%20markup%2C%20those%20flows%20would%20be%20contractual%20and%20are%20neither%20marketable%20nor%20recallable%20on%20notice.%20It%20can%2C%20therefore%2C%20be%20imagined%20that%20those%20who%20wish%20to%20provide%20external%20capital%20flows%20to%20an%20Islamic%20economy%20would%20have%20to%20wait%20until%20the%20maturity%20dates%20of%20their%20debts%20before%20withdrawal.%20Those%20interested%20in%20providing%20external%20funds%20on%20a%20partnership%20basis%20would%20have%20to%20abide%20by%20the%20partnership%20contracts.%20Therefore%2C%20Islamic%20financial%20system%20is%20not%20prone%20to%20those%20risks%20which%20the%20conventional%20banking%20system%20is%20exposed%20to.%3Cbr%3E%3C%5C%2Fdiv%3E%22%2C%22id%22%3A%22909601cd-fbe1-4100-be84-9c1fe7950d64%22%7D%2C%7B%22question%22%3A%22Question%20No.%2047%29%20A%20large%20number%20of%20Muslim%20countries%20depend%20heavily%20on%20foreign%20loans%20from%20other%20countries%20as%20well%20as%20from%20international%20financial%20institutions%20like%20the%20World%20Bank%20and%20the%20IMF.%20If%20interest%20is%20totally%20abolished%20from%20the%20economy%20of%20a%20Muslim%20country%2C%20how%20can%20it%20deal%20with%20foreign%20countries%20and%20foreign%20financial%20institutions%3F%22%2C%22answer%22%3A%22%3Cdiv%3E%3Cbr%3E%3C%5C%2Fdiv%3E%3Cb%3EAnswer%3A%3C%5C%2Fb%3E%26nbsp%3BThis%20question%20has%20three%20parts%20as%20follows%3A%3Cdiv%3E%3Cbr%3E%3C%5C%2Fdiv%3E%3Cdiv%3Ea.%20How%20to%20deal%20with%20current%20debts%3C%5C%2Fdiv%3E%3Cdiv%3Eb.%20Economic%20effects%20of%20borrowing%3C%5C%2Fdiv%3E%3Cdiv%3Ec.%20Alternatives%20to%20borrowing%3C%5C%2Fdiv%3E%3Cdiv%3E%3Cbr%3E%3C%5C%2Fdiv%3E%3Cdiv%3EEach%20of%20these%20three%20dimensions%20is%20discussed%20as%20follows%3A%3C%5C%2Fdiv%3E%3Cdiv%3E%3Cbr%3E%3C%5C%2Fdiv%3E%3Cdiv%3E%3Cb%3Ea%29%20Dealing%20with%20current%20debts%3C%5C%2Fb%3E%3C%5C%2Fdiv%3E%3Cdiv%3ETo%20begin%20with%20it%20should%20be%20noted%20that%20the%20shift%20to%20the%20Islamic%20economic%20system%20does%20not%20mean%20the%20outstanding%20debt%20under%20conventional%20system%20would%20not%20be%20settled.%20It%20is%20a%20basic%20principle%20of%20the%20Shariah%20that%20Muslims%20should%20fully%20honour%20their%20contracts%5C%2Fpromises.%20Therefore%2C%20the%20principal%20and%20interest%20amounts%20of%20such%20debts%20that%20had%20risen%20from%20past%20contracts%20and%20obligations%20should%20be%20settled%20regardless%20of%20whether%20they%20were%20contracted%20with%20domestic%20or%20foreign%20parties.%3C%5C%2Fdiv%3E%3Cdiv%3E%3Cbr%3E%3C%5C%2Fdiv%3E%3Cdiv%3EShould%20a%20country%20find%20it%20difficult%20to%20secure%20the%20liquidity%20required%20to%20settle%20all%20its%20outstanding%20debts%2C%20it%20could%20resort%20to%20one%20of%20the%20following%20courses%20of%20action%3A%3C%5C%2Fdiv%3E%3Cdiv%3E%3Cbr%3E%3C%5C%2Fdiv%3E%3Cdiv%3EThe%20outstanding%20debts%20of%20developing%20countries%20facing%20economic%20difficulties%20are%20usually%20offered%20in%20markets%20at%20prices%20less%20than%20their%20nominal%20value.%20The%20amount%20of%20discount%20given%20varies%20with%20the%20economic%20conditions%20of%20each%20indebted%20country.%20It%20is%20therefore%20possible%20to%20negotiate%20directly%20with%20creditors%20swapping%20debts%20with%20equity%20participation%20and%20at%20the%20same%20time%20achieve%20some%20discount.%3C%5C%2Fdiv%3E%3Cdiv%3E%3Cbr%3E%3C%5C%2Fdiv%3E%3Cdiv%3EMeanwhile%2C%20governments%20of%20developing%20countries%20usually%20have%20a%20large%20public%20sector%2C%20which%20could%20be%20privatized%20in%20the%20course%20of%20a%20comprehensive%20structural%20adjustment%20program.%20Part%20of%20the%20proceeds%20obtained%20from%20selling%20some%20of%20its%20public%20enterprises%20can%20be%20used%20in%20purchasing%20foreign%20debt%20at%20a%20discount.%20In%20addition%2C%20debt%20can%20be%20swapped%20for%20equity%20in%20public%20enterprises%20within%20the%20desired%20limits%20of%20keeping%20the%20majority%20holding%20of%20key%20enterprises%20in%20the%20hands%20of%20nationals.%3C%5C%2Fdiv%3E%3Cdiv%3E%3Cbr%3E%3C%5C%2Fdiv%3E%3Cdiv%3E%3Cb%3Eb%29%20The%20harmful%20effects%20of%20borrowing%3C%5C%2Fb%3E%3C%5C%2Fdiv%3E%3Cdiv%3EHaving%20said%20that%20all%20outstanding%20debt%20must%20be%20settled%2C%20Muslim%20governments%20should%20strictly%20avoid%20future%20borrowing%20on%20the%20basis%20of%20interest.%20In%20this%20regard%2C%20the%20global%20debt%20crisis%20can%20be%20recalled%20that%20started%20during%201982%20which%20was%20accompanied%20by%20the%20inability%20of%20developing%20countries%20to%20settle%20their%20debts.%20The%20crisis%20con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\n                data-elfsight-faq-version=\"1.4.1\"\n                data-elfsight-widget-id=\"elfsight-faq-14\">\n            <\/div>\n            <\/div><\/div><\/div><\/div><\/div><\/div><!-- cell_inner --><\/div><!-- cell --><\/div><!-- port --><\/section><section id=\"bt_bb_section6a561c6983d64\" class=\"bt_bb_section bt_bb_layout_boxed_1200 bt_bb_vertical_align_top bt_bb_top_spacing_extra_small bt_bb_bottom_spacing_medium\"  data-bt-override-class=\"null\"><div class=\"bt_bb_port\"><div class=\"bt_bb_cell\"><div class=\"bt_bb_cell_inner\"><div class=\"bt_bb_row\"  data-bt-override-class=\"{}\"><div class=\"bt_bb_row_holder\" ><div  class=\"bt_bb_column col-xl-12 col-xs-12 col-sm-12 col-md-12 col-lg-12 bt_bb_align_left bt_bb_vertical_align_top bt_bb_padding_normal\"  data-width=\"12\" data-bt-override-class=\"{}\"><div class=\"bt_bb_column_content\"><header class=\"bt_bb_headline hm-kc-IC bt_bb_font_weight_900 bt_bb_dash_top bt_bb_size_extralarge bt_bb_align_center hm-kc-IC\" style=\"line-height: 50px;;color:rgb(0,0,0);\" data-bt-override-class=\"{&quot;bt_bb_size_&quot;:{&quot;current_class&quot;:&quot;bt_bb_size_extralarge&quot;,&quot;def&quot;:&quot;extralarge&quot;,&quot;xl&quot;:&quot;extralarge&quot;},&quot;bt_bb_align_&quot;:{&quot;current_class&quot;:&quot;bt_bb_align_center&quot;,&quot;def&quot;:&quot;center&quot;,&quot;xl&quot;:&quot;center&quot;}}\"><h2 style=\"font-size:40px\" class=\"bt_bb_headline_tag\"><span class=\"bt_bb_headline_content\"><span><b>Differences between<br \/><br \/>\nIslamic and Conventional Banking<\/b><\/span><\/span><\/h2><\/header><div class=\"bt_bb_separator bt_bb_border_style_none bt_bb_top_spacing_small bt_bb_bottom_spacing_medium\" 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\n                data-elfsight-faq-version=\"1.4.1\"\n                data-elfsight-widget-id=\"elfsight-faq-19\">\n            <\/div>\n            <\/div><\/div><\/div><\/div><\/div><\/div><!-- cell_inner --><\/div><!-- cell --><\/div><!-- port --><\/section><section id=\"bt_bb_section6a561c6984622\" class=\"bt_bb_section bt_bb_layout_boxed_1200 bt_bb_vertical_align_top bt_bb_top_spacing_extra_small bt_bb_bottom_spacing_normal\"  data-bt-override-class=\"null\"><div class=\"bt_bb_port\"><div class=\"bt_bb_cell\"><div class=\"bt_bb_cell_inner\"><div class=\"bt_bb_row\"  data-bt-override-class=\"{}\"><div class=\"bt_bb_row_holder\" ><div  class=\"bt_bb_column col-xl-12 col-xs-12 col-sm-12 col-md-12 col-lg-12 bt_bb_align_left bt_bb_vertical_align_top bt_bb_padding_normal\"  data-width=\"12\" data-bt-override-class=\"{}\"><div class=\"bt_bb_column_content\"><div class=\"bt_bb_separator bt_bb_border_style_none bt_bb_top_spacing_small bt_bb_bottom_spacing_small\" data-bt-override-class=\"null\"><\/div><div class=\"bt_bb_accordion bt_bb_style_outline bt_bb_shape_square\"><div class=\"bt_bb_accordion_item\"><div class=\"bt_bb_accordion_item_title\">Understanding the concepts of Islamic Banking<\/div><div class=\"bt_bb_accordion_item_content\"><div  class=\"bt_bb_text\" ><div class=\"row\"><div class=\"col-md-12\"><h3><\/h3><\/div><\/div><div class=\"col-md-3\"><div class=\"row pdf_box\">\n\n\t\t\t\t\t\t<a href=\"https:\/\/bankislami.com.pk\/wp-content\/uploads\/2017\/05\/how_work.pdf\" target=\"_blank\">\n\n\t\t\t\t\t\t\t<div class=\"col-md-12 col-sm-12 col-xs-12 nopadding\">\n\n\t\t\t\t\t\t\t\t<div class=\"pdf_img\">\n\n\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/bankislami.com.pk\/wp-content\/uploads\/2021\/03\/PDFIcon-1.png\" \/>\n\t\t\t\t\t\t\t\t\t<div class=\"pdf_txt\">\n\n\t\t\t\t\t\t\t\t\t How Deposit Accounts works at BankIslami\n\n\t\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\t<\/div>\t\n\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\n\n\t\t\t\t\t\t\t\n\n\t\t\t\t\t\t\t<\/a>\n\n\t\t\t\t\t\t\t\t\n\n\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\t\n\n\t\t\t\t\t\n\n\t\t\t\t\t<div class=\"col-md-3\"><div class=\"row pdf_box\">\n\n\t\t\t\t\t\t<a href=\"https:\/\/bankislami.com.pk\/wp-content\/uploads\/2017\/05\/how_murabahah.pdf\" target=\"_blank\">\n\n\t\t\t\t\t\t\t<div class=\"col-md-12 col-sm-12 col-xs-12 nopadding\">\n\n\t\t\t\t\t\t\t\t<div class=\"pdf_img\">\n\n\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/bankislami.com.pk\/wp-content\/uploads\/2021\/03\/PDFIcon-1.png\" \/>\n\t\t\t\t\t\t\t\t\t<div class=\"pdf_txt\">\n\n\t\t\t\t\t\t\t\t\tHow Murabahah takes place at BankIslami\n\n\t\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\t<\/div>\t\n\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\n\n\t\t\t\t\t\t\t\n\n\t\t\t\t\t\t\t<\/a>\n\n\t\t\t\t\t\t\t\t\n\n\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\t\n\n\t\t\t\t\t\n\n\t\t\t\t\t<div class=\"col-md-3\"><div class=\"row pdf_box\">\n\n\t\t\t\t\t\t<a href=\"https:\/\/bankislami.com.pk\/wp-content\/uploads\/2017\/05\/how_ijarah.pdf\" target=\"_blank\">\n\n\t\t\t\t\t\t\t<div class=\"col-md-12 col-sm-12 col-xs-12 nopadding\">\n\n\t\t\t\t\t\t\t\t<div class=\"pdf_img\">\n\n\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/bankislami.com.pk\/wp-content\/uploads\/2021\/03\/PDFIcon-1.png\" \/>\n\t\t\t\t\t\t\t\t\t<div class=\"pdf_txt\">\n\n\t\t\t\t\t\t\t\t\t How Ijarah is done at BankIslami \n\n\t\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\t<\/div>\t\n\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\n\n\t\t\t\t\t\t\t\n\n\t\t\t\t\t\t\t<\/a>\n\n\t\t\t\t\t\t\t\t\n\n\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\t\n\n\t\t\t\t\t\n\n\t\t\t\t\t<br \/>\n<div class=\"row\"><div class=\"col-md-12\"><h3><\/h3><\/div><\/div><div class=\"col-md-3\"><div class=\"row pdf_box\">\n\n\t\t\t\t\t\t<a href=\"https:\/\/bankislami.com.pk\/wp-content\/uploads\/2017\/05\/glossary.pdf\" target=\"_blank\">\n\n\t\t\t\t\t\t\t<div class=\"col-md-12 col-sm-12 col-xs-12 nopadding\">\n\n\t\t\t\t\t\t\t\t<div class=\"pdf_img\">\n\n\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/bankislami.com.pk\/wp-content\/uploads\/2021\/03\/PDFIcon-1.png\" \/>\n\t\t\t\t\t\t\t\t\t<div class=\"pdf_txt\">\n\n\t\t\t\t\t\t\t\t\t Glossary on Islamic Banking\n\n\t\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\t<\/div>\t\n\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\n\n\t\t\t\t\t\t\t\n\n\t\t\t\t\t\t\t<\/a>\n\n\t\t\t\t\t\t\t\t\n\n\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\t\n\n\t\t\t\t\t\n\n\t\t\t\t\t<\/div><\/div><\/div><div class=\"bt_bb_accordion_item\"><div class=\"bt_bb_accordion_item_title\">Fair Treatment of Consumer <\/div><div class=\"bt_bb_accordion_item_content\"><div  class=\"bt_bb_text\" ><\/p>\n<p><strong>BankIslami Complaint Resolution Department<\/strong><br \/>\n<strong>\u0631\u0627\u0628\u0637\u06c1 \u0634\u062e\u0635<\/strong> Mr. Muhammad Somy<br \/>\nManager Complaint Resolution Unit<br \/>\n<strong>\u0627\u06cc \u0645\u06cc\u0644<\/strong> <span style=\"color: #8cc53f;\">muhammad.somy@bankislami.com.pk<\/span><br \/>\n<strong>Number:<\/strong> 0213-5839906 Ext: 6735<br \/>\n<strong>Location:<\/strong> Service Quality Department, 3rd Floor, Capital Plaza,<br \/>\nOpp to Textile Plaza, II Chundrigar Road, Karachi.<\/p>\n<p><strong>Details for State Bank of Pakistan BC &amp; CPD Helpdesk:<\/strong><br \/>\n<strong>Link:<\/strong> <span style=\"color: #8cc53f;\"><a style=\"color: #8cc53f;\" href=\"https:\/\/www.sbp.org.pk\/CPD-form.asp\">https:\/\/www.sbp.org.pk\/CPD-form.asp<\/a><\/span><br \/>\n<strong>State Bank facilitation center no:<\/strong> 111-72-72-73<\/p>\n<p><strong>Details for State Bank of Pakistan-Complaints Utility Bills<\/strong><br \/>\n<strong>Link:<\/strong> <span style=\"color: #8cc53f;\"><a style=\"color: #8cc53f;\" href=\"https:\/\/www.sbp.org.pk\/cpd\/complaints.asp\">https:\/\/www.sbp.org.pk\/cpd\/complaints.asp<\/a><\/span><br \/>\n<strong>Postal address for written complaints :<\/strong><br \/>\nThe Director,<br \/>\nBanking Conduct &amp; Consumer Protection Department,<br \/>\nState Bank of Pakistan, 5th Floor, II Chundrigar Road, Karachi.<br \/>\n<strong>\u0641\u0648\u0646<\/strong> 92-21-99221147 &amp; 92-21-99221149<br \/>\n<strong>Fax:<\/strong> 92-21-99221160 &amp; 92-21-99221154<\/p>\n<div class=\"row\" id = \"2019\">\n<div class=\"col-md-12\">\n<h3 class=\"blue_year\">2019<\/h3>\n<\/div>\n<\/div>\n<div class=\"col-md-3\">\n<div class=\"row pdf_box\">\n<p>\t\t\t\t\t\t<a href=\"https:\/\/bankislami.com.pk\/wp-content\/uploads\/2019\/03\/BankIslami-Fair-Treatment-of-Consumers-Policy-Framework-SOP.pdf\" target=\"_blank\"><\/p>\n<div class=\"col-md-12 col-sm-12 col-xs-12 nopadding\">\n<div class=\"pdf_img\">\n<p>\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/bankislami.com.pk\/wp-content\/uploads\/2021\/03\/PDFIcon-1.png\" \/><\/p>\n<div class=\"pdf_txt\">\n<p>\t\t\t\t\t\t\t\t\tBankIslami Fair Treatment of Consumers Policy Framework &amp; SOP<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>\t\t\t\t\t\t\t<\/a><\/p><\/div>\n<\/p><\/div>\n<\/div><div class=\"bt_bb_separator bt_bb_border_style_none bt_bb_bottom_spacing_small\" data-bt-override-class=\"null\"><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><!-- cell_inner --><\/div><!-- cell --><\/div><!-- port --><\/section><\/p>","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":73014,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-22","page","type-page","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/bankislami.com.pk\/ur\/wp-json\/wp\/v2\/pages\/22","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bankislami.com.pk\/ur\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/bankislami.com.pk\/ur\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/bankislami.com.pk\/ur\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bankislami.com.pk\/ur\/wp-json\/wp\/v2\/comments?post=22"}],"version-history":[{"count":0,"href":"https:\/\/bankislami.com.pk\/ur\/wp-json\/wp\/v2\/pages\/22\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bankislami.com.pk\/ur\/wp-json\/wp\/v2\/media\/73014"}],"wp:attachment":[{"href":"https:\/\/bankislami.com.pk\/ur\/wp-json\/wp\/v2\/media?parent=22"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}