Please use this identifier to cite or link to this item: http://prr.hec.gov.pk/jspui/handle/123456789/8152
Title: CONVERGENCE BETWEEN THEORY AND PRACTICE OF ISLAMIC BANKING: AN EMPERIAL ANALYSIS
Authors: Siddique, Muhammad Zahid
Keywords: Social Sciences
Economics
Financial economics
Issue Date: 2016
Publisher: QUAID-I-AZAM UNIVERSITY ISLAMABAD
Abstract: Islamic banking was launched with the hopes that it would provide an alternative banking system. Given that bank interest was deemed impermissible by majority of the Muslim jurists, therefore they sought to replace fixed-return model of banking with that of profit-and-loss sharing banking system. However, even after about half-century of experiment, Islamic banking is not completely based on profit-and-loss sharing. This study aims at developing a framework that can be used to evaluate convergence between theory and practice of Islamic banking. Objectives of Islamic banking are identified on the basis of its celebrated theory. A set of hypotheses or indicators are derived to reflect the achievement of these objectives in Islamic banking practice. Empirical methodologies and tools are developed to test these observable hypotheses. Finally, the study applies this methodology for investigating the extent to which Islamic banking practice has converged to its theory in Pakistan and Malaysia over time. The results indicate that the Islamic banking industry is largely struggling to approach its stated objectives in both countries.
URI:  http://prr.hec.gov.pk/jspui/handle/123456789//8152
Appears in Collections:PhD Thesis of All Public / Private Sector Universities / DAIs.

Files in This Item:
File Description SizeFormat 
Muhammad_Zahid_Siddiqui_Economics_HSR_2017_QAU_03.05.2017.pdfComplete Thesis2.16 MBAdobe PDFView/Open


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.