Investigation on the Effects of Customer Knowledge, Political Support, and Innovation on the Growth of Islamic Banking System: a Case Study of Pakistan

Maira Abrar (), Sohail Abbas (), Shazia Kousar () and Muhammad Mushtaq ()
Additional contact information
Maira Abrar: Konkuk University
Sohail Abbas: Department of Geography, Konkuk University
Shazia Kousar: Lahore College of Women University (LCWU)
Muhammad Mushtaq: Imperial College of Business Studies

Journal of the Knowledge Economy, 2023, vol. 14, issue 2, No 16, 946-965

Abstract: Abstract This study aims to investigate the impact of customer knowledge, political support, and innovative advancement on the development of Islamic bank. There is a strong microeconomics ground of Islamic financing for the economy-wide conduct of good monetary issues, and issues including the procedure structure. Islamic bank clients limit the dangers related to premium-based obligation financing, and simple credit, which tormented regular banks amid the sub-prime home loan emergency. In short, when there will be sufficient knowledge and information about the Islamic banking services and products, then it will help to develop the Islamic banking system, and similar is the case for advanced innovations. Meanwhile, strong political support can also play an influential role in the development of the Islamic banking system. This study collects the data through self-administered survey from managers of Islamic banks located in the Lahore region. The results of regression analysis are obtained through SPSS. The findings revealed that customer knowledge, innovations, and political support positively and significantly influence the growth of Islamic banks in Pakistan. In other words, good knowledge, innovations, and political support can result in more Islamic banking system development. Conclusively, general monetary development of Islamic banking in Muslim nations will drive the development of Islamic money-related administrations, prompting further in Sharia-consistent system.

Keywords: Innovation; Political support; Customer knowledge; Correlation; Islamic banking; Pakistan (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s13132-022-00933-y Abstract (text/html)
Access to the full text of the articles in this series is restricted.

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:spr:jknowl:v:14:y:2023:i:2:d:10.1007_s13132-022-00933-y

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/13132

DOI: 10.1007/s13132-022-00933-y

Access Statistics for this article

Journal of the Knowledge Economy is currently edited by Elias G. Carayannis

More articles in Journal of the Knowledge Economy from Springer, Portland International Center for Management of Engineering and Technology (PICMET)
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().