KARACHI: State Bank of Pakistan (SBP) Deputy Governor Saleemullah has said that Islamic banking must not remain limited to nomenclature but should be clearly reflected in practice.

He said Islamic banking represents a transparent financial system, the practical demonstration of which was set 1,400 years ago by the Holy Prophet Muhammad (PBUH) through his trade practices.

Addressing the certificate distribution ceremony of Saylani School of Business and Islamic Leadership (SBIL), Mr Saleemullah urged banks and experts moving towards Islamic banking to become role models by upholding ethical values and ensuring that customers are fully aware that their transactions are free from hidden conditions.

He said the business community was a........

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