Abstract:
Primarily, the reason for carrying out this Project is that Pakistan is an Islamic country and interest is prohibited in Islam. All commercial banks works on interest based system, Our research team carried out a survey and people prefer and desire interest free banking system. The research team motivates people for this system. Government efforts are also encouraged and would enhance the level of satisfaction of public.
Objective is to see the people attitude and preferences towards interest free banking. Islamic banking operates on profit and loss system in which people have no fix interest rate. Banks give their customer profit or loss on their money.
With sufficient efforts and training the existing system can be converted into interest free banking system. This system is helpful for economy of the country.
