there is a lot of grey area between absolute haram and absolute halal.
i wud not comment on the present islamic banking mechanism prevalent in pakistan, as i m not expert on this subject but i want to say humbly is the fact that present islamic banking meets many of the islamic finance condition and shud be consider a step in the rite direction.
i must reiterate that we need gud and islamic entreprenuer with abilty to raise Rs. 6 billion capital.