Islamic banking operates according to Islamic principles such as prohibiting interest and investing in businesses involved in gambling, alcohol, pornography, and other industries prohibited by Islamic law. It was first recommended in 1974 and Pakistan was the first country to officially declare interest rates haram. Islamic banks rely on profit and loss sharing models like mudarabah (passive partner) and musharakah (active partner) rather than interest on loans. Meezan Bank is an Islamic bank in Pakistan committed to providing Shariah-compliant banking services with a vision to establish Islamic banking as the preferred system and help create a just society.