Inside-Out: Perception of Key Finance Professionals about Theory and Practice of Islamic Banking

International Journal of Humanities and Social Sciences, Vol 2, No. 4

21 Pages Posted: 8 Feb 2011 Last revised: 16 Dec 2012

See all articles by Muhammad Hanif

Muhammad Hanif

National University of Computer and Emerging Sciences (NUCES or FAST-NU) - FAST School of Business

Abdullah Muhammad Iqbal

Independent

Date Written: February 7, 2011

Abstract

Islamic banking has shown tremendous growth in first decade of 21st century. By the end of 2008, global volume of assets under Islamic banking has reached to US $ 951 Billion. In Pakistan Islamic banking has displayed a tremendous average annual growth of 76% in last seven years and covers 6% of market share, however, keeping in view the religious linkages with this industry, expansion is much lower than potential. This study is conducted to document the perception of key players in financial industry about Islamic banking, to highlight the under lying issues, directly responsible for lesser expansion than potential of this industry. Findings suggest although at theoretical level, industry perceive Islamic banking correctly, however professionals are not satisfied about the practice.

Keywords: Perception, Islamic Finance, Islamic Banking, Pakistan

JEL Classification: G15, G21

Suggested Citation

Hanif, Muhammad and Iqbal, Abdullah Muhammad, Inside-Out: Perception of Key Finance Professionals about Theory and Practice of Islamic Banking (February 7, 2011). International Journal of Humanities and Social Sciences, Vol 2, No. 4 , Available at SSRN: https://ssrn.com/abstract=1756677 or http://dx.doi.org/10.2139/ssrn.1756677

Muhammad Hanif (Contact Author)

National University of Computer and Emerging Sciences (NUCES or FAST-NU) - FAST School of Business ( email )

A.K. Brohi Road
Sector H/11-4
Islamabad, 44000
Pakistan
+92 (051) 111 128 128 (Phone)

HOME PAGE: http://https://scholar.google.ae/citations?user=Q4gINjEAAAAJ&hl=en

Abdullah Muhammad Iqbal

Independent ( email )

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