Islamic banking in Iran and Pakistan: a comparative study

A decade-long comparison of the Islamization of the banking systems in Iran and Pakistan aims to uncover the similarities and differences in the experiences of the two countries. Iran's drive to conform to Islamic practices is more powerful than Pakistan's. The Pakistani banking industry has not been innovative enough in developing Islamic financing methods, and bank privatization in Pakistan may make compliance with Shari`a more complicated. Iran and Pakistan ought to cooperate to have uniform banking practices.