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How Islamic is Islamic banking in Pakistan?

Muhammad Majeed () and Abida Zainab

International Journal of Islamic and Middle Eastern Finance and Management, 2017, vol. 10, issue 4, 470-483

Abstract: Purpose - Increasing popularity of Islamic banks in the wake of recent global financial crisis of 2008 has generated debate among researcher about practicality of Islamic banks. Critics argue that Islamic banks are not working according true spirits of Design/methodology/approach - The target population in this paper is staff at the Islamic banks who are employees and managers. Data are also collected from customers to analyze their views. Sample comprises 63 branches of five full-fledge Islamic banks and five Islamic branches of conventional banks in Islamabad. For analysis purpose, the study uses exploratory factor analysis. Findings - Findings indicate that Islamic banks are following Originality/value - Findings will help regulators to introduce wide range of Islamic financial contracts that involve profit loss sharing and consider the expansion of emerging industry. Moreover, findings suggest to consider promotional techniques to create awareness of Islamic banking among the customers.

Keywords: Pakistan; Islamic banking; javax.xml.bind.JAXBElement@694cb763 (search for similar items in EconPapers)
Date: 2017
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