Islamic house financing in Pakistan: A demand analysis
Journal Title: Islamic Banking and Finance Review (IBFR) - Year 2015, Vol 2, Issue 1
Abstract
his paper analyzes the issue of the nature of demand for house financing offered by Islamic banks in the Pakistan. The paper also identifies the factors that impact demand for house financing offered by Islamic banks. The study used survey data based on convenient face to face interview of 243 respondents. The study regressed conventional demand for Islamic house financing on six regressors: Shariah compliance, convenience, bank features, product features, social influence and knowledge. The study reveals that the nature of demand for Islamic house financing is conventional. The results of the study also indicate that religious factor negatively affect the demand for Islamic house financing whereas all other factors affect it positively. The study will help managers of Islamic banks to increase their market share in house financing by focusing on those factors which significantly affect the demand for their product.
Authors and Affiliations
Muhammad Mansoor Javed, Muhammad Mahmmod Shah Khan, Haris Aslam
Keywords
Related Articles
- EP ID EP475380
- DOI 10.32350/ibfr.2015.02.01
- Views 165
- Downloads 0
Performance of Islamic mutual funds: A comparison with conventional mutual funds
Islamic finance industry has been expanded in the last decade and has branched out itself from banking to other financial sectors like Islamic Assets Management and Islamic Insurance Companies. Islamic finance industry g...
The Role of the Zakat System during the Colonial-period in Malaysia and Uzbekistan: A Comparative Analysis
During the colonial period, the zakat system in both Uzbekistan and Malaysia experienced serious changes due to imperial powers’ intervention. The zakat system was an important source of economy for these states. This pa...
Intellectual Capital and Financial Performance: An Evaluation of Islamic Banks in Pakistan
This study seeks to investigate the relationship between intellectual capital and bank‘s performance in Pakistan. A sample of five major Islamic Banks of Pakistan had taken for the period 2009-2014. Multiple regression a...
The Role of Awqaf in Modern Economic Development
n recent years, there has been an increasing awareness of the role of awqaf in socio-economic development. The importance of this sector is seen in terms of the huge assets it controls, in its social expenditure, in the...
The Determinants of the Pakistan Islamic Banking Industry Profitability: Panel Evidence
The financial sector plays an important role in the economic and fiscal development of a country. A well-built and vigorous banking system is a precondition for the sustainable financial growth of a country. Over the pas...