For the purpose of development, education is a factor which must be given importance. It plays a vital role and combats factors, which have a negative impact on society and which prevent it from flourishing. The provision of education not only helps to combat unemployment but it ensures a solid foundation within society, ensuring social equity, promoting tolerance and awareness along with building up self esteem. Unfortunately for Pakistan, …

  “You know the importance of education and the right type of education cannot be over-emphasized… If we are to make real, speedy and substantial progress, we must earnestly tackle this question…having regard to the modern conditions and vast developments that have taken place all over the world.” Quaid-e-Azam. It was under the leadership of Quaid-e-Azam that our nation, Pakistan was created. Being the Islamic Republic of Pakistan, the Holy …

Islamic banking has been defined as a system of banking, which is in accordance to the values and the spirit of Islam and is based on principles, which have been put forth by the Islamic Shariah. Not only does this form of banking avoid any interest-based transactions, it also avoids unethical and immoral social practices, which go against Islamic law. Thus the aim of Islamic banking is to work towards …