Growth of Islamic banking in Pakistan
Journal Title: Scientific Journal of Pure and Applied Sciences - Year 2016, Vol 5, Issue 3
Abstract
Our founder Quaid –e-Azam was very much interested in the Islamic banking in our country .The prime objective of state bank is to remove interest system from the Pakistan. In 1970 s Islamic banking was not famous, but at the start of twenty century it is very common in all over the world. Islamic banking is account value approximately USD 500 billion. It is growing with the ratio of 11-15%.Islamic banking is flourishing dynamically in also Pakistan like other countries, since January, 1981 it is very famous in Pakistan. All over the world financial stability has a crucial role. From the last 30 years Islamic banking has scope in the world. At this time, there are almost 200 Islamic banks which are providing the Shariah compliant. We analyzed the strength of Islamic banks with the help of AID model. Our results have shown that Islamic banking is the milestone for the future Islamic banking. In this paper, we have taken GIB as the dependent variable and SC, IV, DV, ROA as the dependent variables. It has proved that there is positive association between them. Islamic banking is growing in the world at very fast pace. In the near future it will reach till 1300 billion. Persentably, across the 1200 Islamic banking are providing their services. In Pakistan, there is solid platform related to Islamic banking in Pakistan. In 2000 state bank was introduced the first Islamic bank.
Authors and Affiliations
Khakan Najaf*| Department of Accounting & Finance, University of Lahore, Islamabad Campus, Pakistan., Shumraiz Ashraf| Department of Accounting & Finance, University of Lahore, Islamabad Campus, Pakistan.
Keywords
Related Articles
- EP ID EP459
- DOI 10.14196/sjpas.v5i3.2161
- Views 540
- Downloads 25
Isolation of dematiaceous fungi from soil of Mashhad, Neyshabur(North-east of Iran) and Isfahan (center of Iran) cities
Dematiaceous fungi can infect patients who are immunocompetent and as well as may be related to in a wide variety of disorders.This study aimed to isolate and identify dematiaceous fungi from soil of Mashhad, Neyshabur a...
Modeling the transport of shigella in silty and fine sand in shallow aquifers in Caostal area of bonny Niger delta; rive
Modeling the transport of shigella in silty and fine sand formation in shallow aquifer has been developed, the model were generated to monitor the transport of shigella in coastal area of bonny, as coastal environment...
Difficult topics in junior secondary school mathematics: practical aspect of teaching and learning trigonometry
This paper presented the practical aspect of teaching and learning Trigonometry to serve as a guide to both teachers and students of Mathematics. It is aimed at reducing the level of difficulties teachers and students...
Fast and efficient removal of alizarin yellow dye (azo dye) from water and wastewater samples using modified nanoclay
A fast and efficient method has been developed for removal of Alizarin Yellow dye using modified nanoclay. Montmorillonite (MMT) was modified by a facile and one-step procedure with diethylenetriamine (DETA) and was us...
Kinetics of biogas production from fermentation broth of wild cocoyam codigested with cow paunch in batch mode
Mathematical models are useful in solving the stability problems often exhibited by anaerobic digestion process. Kinetics of batch anaerobic digestion of cocoyam waste mixed with cow paunch for biogas production in bat...