{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/6a13c15d-181a-4a2e-a662-739d0e7f731a/67ec23b695247131324f5ad9?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"Why Islamic banking is taking off","description":"<p>A huge chunk of any typical bank’s profits comes from charging interest. But what happens when you can’t do that? This week, we’re traveling to Pakistan with the FT’s Humza Jilani, where the country has decided to make its entire banking sector align with Islamic law, which forbids charging interest. We’ll discuss how Islamic banks function and if this banking model can become Pakistan’s dominant system.&nbsp;</p><p><br></p><p>- - - - - - - - - - - - - - - - - - - - - - - - - -&nbsp;</p><p><strong>For further reading:</strong></p><p><a href=\"https://www.ft.com/content/6161c462-550f-482d-b364-d4be6a7e6359\" rel=\"noopener noreferrer\" target=\"_blank\">Meezan Bank’s soaring shares herald rise of Islamic finance in Pakistan</a></p><p><a href=\"https://www.ft.com/content/b7f86e28-bada-4e24-ad12-057c6be6c9a4\" rel=\"noopener noreferrer\" target=\"_blank\">Clerics’ rule change threatens to throw Islamic debt market into turmoil</a></p><p><a href=\"https://www.ft.com/content/6a823c82-9f38-4459-b017-0ca798a2b39c\" rel=\"noopener noreferrer\" target=\"_blank\">World Bank approves 10-year $20bn Pakistan lending package</a></p><p>- - - - - - - - - - - - - - - - - - - - - - - - - -&nbsp;</p><p><br></p><p>Follow Humza Jilani (<a href=\"https://x.com/humza_jilani\" rel=\"noopener noreferrer\" target=\"_blank\">@humza_jilani</a>) and Saffeya Ahmed on X (<a href=\"https://x.com/saffeya_ahmed\" rel=\"noopener noreferrer\" target=\"_blank\">@saffeya-ahmed</a>), or follow Saffeya on <a href=\"https://www.linkedin.com/in/saffeya-ahmed/\" rel=\"noopener noreferrer\" target=\"_blank\">LinkedIn</a> for updates about the show and more.&nbsp;</p><p><br></p><p><a href=\"https://www.ft.com/content/a958e6bb-0dc2-43db-bfa8-aab4b565f60f\" rel=\"noopener noreferrer\" target=\"_blank\"><strong>Read a transcript of this episode on FT.com</strong></a></p><p><br></p>","author_name":"Financial Times"}