President lauds advantages of Islamic banking

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

He was addressing a seminar in connection with the Islamic banking system in Islamabad.

Mamnoon said that various world countries are formulating laws to introduce Islamic banking after observing its advantages.

He said that many investment and financial companies have already adopted Islamic banking.

The President said economics has superseded politics and controlling corruption was a pre-requisite for economic development.