Contemporary practices of Islamic banks in Pakistan: a critical appraisal

Burhan Ali Shah and Ghulam Shabbir Khan Niazi

International Journal of Monetary Economics and Finance, 2009, vol. 2, issue 3/4, 302-316

Abstract: Pakistan has experienced tremendous growth in Islamic banks in recent years, particularly after the Supreme Court decision of 2002. This research study was focused on the actual practices of full-fledged Islamic banks working in Pakistan. It reviewed and analysed the deposits and financing (consumer) products of these banks and found certain areas for improvement in order to be in compliance with the Sharia requirements. The study suggested numerous recommendations for this purpose.

Keywords: Mudaraba; Mudarib; Rabb ul mal; Murabaha; diminishing Musharaka; Islamic finance; Islamic banking; Pakistan; Shariah law. (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijmefi:v:2:y:2009:i:3/4:p:302-316

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