01592cas a2200241 a 4500 AALejournalIMF010142 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451925326 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. Islamic Banking : Experiences in the Islamic Republic of Iran and Pakistan. Washington, D.C. : International Monetary Fund, 1989. 1 online resource (30 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students In an Islamic system, as interest is prohibited, banks are expected to operate solely on the basis of profit and risk sharing. This paper describes the developments in Islamic banking in Iran and Pakistan. As these two countries have initiated the most far-reaching experiments with Islamic banking, their experiences have a significant bearing on the feasibility of such a system. The developments in these countries are evaluated against the theory underlying the Islamic banking, and suggestions are made to achieve a more efficient system. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1989/012 Full text available on IMF http://elibrary.imf.org/view/journals/001/1989/012/001.1989.issue-012-en.xml IMF e-Library