Financial Innovation in an Islamic Setting: The Case of Pakistan

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Authors
Looney, Robert E.
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Date of Issue
1996
Date
Summer 1996
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Abstract
The financial system in Pakistan is undergoing dramatic changes. First, the introduction of Islamic modes of financing led to the creation of new financial institutions - leasing companies and modarabas (essentially closed end mutual funds) and instruments such as the musharika and morabaha.
Type
Article
Description
Journal of South Asian and Middle Eastern Studies, Summer 1996.
Refereed Journal Article
Series/Report No
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Citation
Looney, R.E., "Financial Innovation in an Islamic Setting: The Case of Pakistan," Journal of South Asian and Middle Eastern Studies, Summer 1996.
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This publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.
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