SAC presents: Feisal Khan

Feisal Khan on How 'Islamic' is Islamic Banking, world-wide and in Pakistan?

Feisal Khan, Associate Professor, Department of Economics, Hobart and William Smith Colleges

In 2014 Islamic financial assets were valued at over $2 trillion, far from their humble beginning as a niche market product in the 1970s. Pakistan, far from the global or Islamic finance mainstream, was among the first to convert to an ‘interest free’ financial system in 1985. How exactly does Islamic banking/finance differ from conventional banking and how valid is the oft-repeated charge that it merely ‘disguises’ interest-based transactions under an Islamic cloak? 

Open to the Public

Sponsored by the South Asia Center at the Moynihan Institute of Global Affairs