EXPLORING THE DEVELOPMENT OF ISLAMIC BANKING SYSTEM IN PAKISTAN: A WAY FORWARD TO ECONOMIC GROWTH

Authors

  • Dr. Hina Ali Associate Professor, Department of Economics, The Women University Multan, Pakistan.
  • Dr. Uzma Quraishi Vice Chancellor, The Women University Multan, Pakistan

Keywords:

Islamic Banking, Financial Institution, Mudarabah, Musharakah, Pakistan

Abstract

The Islamic Banking development is most major to consider because of its contribution to economic development while keeping ourselves on the Islamic lines. It is an undeniable reality that Islamic financial institutions are ever-increasing even the commercial banks with Islamic windows over the globe. This paper determines to stretch the correct significance of growth by taking on the Islamic perspective on the banking system. This research contemplates the attitude of the commercial banks toward Islamic Banking concerning improving the economic development within an Islamic system. It was established that as more banks are opening the Islamic windows it had a constructive influence on economic development. The scholars are of the view that Islamic Banking is more appropriate for economic growth. These results also specify that enlightening the Islamic Banking infrastructure in Pakistan may come up with an advantage.

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Published

13-07-2022

How to Cite

Dr. Hina Ali, & Dr. Uzma Quraishi. (2022). EXPLORING THE DEVELOPMENT OF ISLAMIC BANKING SYSTEM IN PAKISTAN: A WAY FORWARD TO ECONOMIC GROWTH. Zia E Tahqeeq, 12(23), 13–32. Retrieved from http://ziaetahqeeq.com/index.php/zt/article/view/5