Dr Dar has shared a lot of valuable knowledge with the readers. Any person who has some interest in Islamic banking and finance knows very well the importance and urgency of an Islamic benchmark for pricing financial products in the Islamic banking market. In fact, it was long awaited. And as suggested by the writer, Islamic Interbank Benchmark Rate (IIBR) needs to be scrutinised from Shari’a and economic perspective. There is high time for Muslim world to contribute in the development of Islamic banking by participating in Islamic banking transactions and activities and to segregate Islamic banking from conventional banking for good order sake and purity.
Nawab Ali Shah
Lahore