This book explores the theoretical and practical features of Islamic banking. Using Pakistan as a detailed illustration, the text discusses recent developments and future prospects, demonstrating the model underpinning interest-free banking. It assesses the practical success of interest-free banking at both individual banks and state level.

MOHAMMAD MANSOOR KHAN is Lecturer at the University of South Australia. He researches in the fields of accounting and Islamic finance and has written five recent research articles and worked as a guest co-editor of the special issue of Managerial Finance on the topic of interest-free banking. M. ISHAQ BHATTI is Associate Professor in the Department of Economics and Finance at La Trobe University, Melbourne, Australia and adjunct Professor of Finance, UAE University, UAE. He has previously held academic positions in Canada, Indonesia, Malaysia, the Middle East and Pakistan. He is the author of more than sixty articles and two books, and is an editorial board member of several journals. His main areas of research and scholarship are quantitative methods in Islamic finance, econometrics, Islamic economics and the economics of standards.