President: (Govt patronising Islamic banking system: President)

ISLAMABAD: President Mamnoon Hussain has said that the government is patronizing Islamic banking system in the country.

He was addressing a seminar in connection with the Islamic banking system here. He said various world countries are formulating laws to introduce Islamic banking after observing its advantages.

He said investment and financial companies have already adopted Islamic banking. He said economics has superseded politics and controlling corruption was a pre-requisite for economic development.