GROWTH AND PROSPECTS OF ISLAMIC BANKING IN PAKISTAN

Professor Hafiz Abdur Rashid (), Hafsa Noreen () and Monazza Karamat ()
Additional contact information
Professor Hafiz Abdur Rashid: Lecturer at Hailey College of Commerce, Punjab University Lahore
Hafsa Noreen: M.Com Scholar, Hailey College of Commerce
Monazza Karamat: M.Com Scholar, Hailey College of Commerce

Far East Journal of Psychology and Business, 2012, vol. 7 No 2 Paper 4 May, issue 4, 52-65

Abstract: Islamic banking has undergone tremendous growth in the past decade. This study purports to analyze the growth and development scenario of Islamic banking in Pakistan for financial year 2003-2010 in terms of performance indicators and growth parameters like deposits, capital funds, branch networks, product innovation and number of customers. The financing portfolio of Islamic banking in Pakistanis also highlighted. More and more people are now being publically aware of Islamic banking including its functioning and the products being offered. Thus there is an increase demand of Islamic banking to meet Islamic banking need of customers. This paper also aims at narrating the prospects of Islamic banking in Pakistan as well as its challenges. Islamic banking cemented with the swift market share in banking services in the last eight years. Moreover the endeavors made by the central bank of Pakistan (SBP) for the expansion of Islamic Banks are also incredible. A glance on the current growth of Islamic banking projected that in the vicinity of future, Islamic banking will acquire foremost share in banking industry of Pakistan.

Keywords: Islamic banking; Riba; Islamic Finance; Pakistan; Performance. (search for similar items in EconPapers)
JEL-codes: M1 (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.fareastjournals.com/files/FEJPBV6N2P4.pdf (application/pdf)
http://www.fareastjournals.com/archive_detail.aspx?jid=18&aid=21 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fej:articl:v:7b:y:2012:i:4:p:52-65

Access Statistics for this article

More articles in Far East Journal of Psychology and Business from Far East Research Centre
Bibliographic data for series maintained by Jim Chau ( this e-mail address is bad, please contact ).