Rodney Wilson, Related Essays. Mirakhor describes economic system which is based on Islamic principles is permanently have the prohibition on the payment and receipt of interest.
Elizabeth Mayer, Use of existing Islamic financial instruments such as zero coupons bonds, paper for trade finance and unitised securities.
Mirakhor, Islamic Law prohibits charging interest. Rodney Wilson, The scope for development of Islamic financial products is vast enough, such products can play a major role not only facilitating the muslim countries but widely promoting the economic advancement. If these deposits are indeed loans, then it is the banks which should pay zakat on them.
Mariani Abdul-Majida, David S. Where as the banking system in Iran is used as an instrument for achieving the goals and objectives of the Islamic revolution. In reality,the banks make the depositors pay the zakatwhich is injustice.
Chris Pierce, Deposits are strictly not considered as loans in the Islamic sense. Rabooy, Malaysian banks experience economies and annual productivity change on a big scale. In this context some scholars believe that the working partner in mudaraba should not mix the capital of the various suppliers of funds; if this is done then the problem is very serious for the Banks, Alexandra R.
It has different forms at macro and micro levels.
Rabooy a serious question arises that whether Islamic Banks are keeping to the rules about partnerships. Islamic banking system in Pakistan was adopted in such a manner to leave the intermediation role of the banking system undisturbed.
This restriction makes Islamic banks different from financial institutions in many ways. How to Write a Summary of an Article? The latter productivity estimates indicate that full-fledged Islamic banks have overcome some of these cost disadvantages with passage of time.
There is a need to encourage secondary market development so that instruments can be traded effectively.
Ethical investment now recently become an issue in the West, and it is very important in the Islamic world and Islamic Banks must work on these principles which fulfill the needs and commitment to the bankers.Islamic Banking Analysis Haythem Joudeh February 22, Abstract This goal of this research is to find out if Islamic Banking is a better alternative to the Western, Conventional Banking.
A Comparative Analysis of Bankers’ Perception of Islamic Banking in Bangladesh - Download as PDF File .pdf), Text File .txt) or read online. The major research question for this study is to recognize the factors that are associated with bankers’ perception on Islamic banking in Pakistan.
Quantitative research shows the hypothesis-testing research, whereas this research also uses the quantitative research approach due to explanatory nature of the problem. A structured questionnaire.
A COMPARATIVE ANALYSIS OF BANKERS’ PERCEPTION. ON ISLAMIC BANKING IN PAKISTAN. Madiha Arshad, Samina Aslam, Amir Razi, Syed Atif Ali, Lahore Business School, The University Of Lahore, Lahore, Pakistan. Bankers Perception on Islamic Banking Shari’a supervision plays an essential role in the governance of IFIs.
It has different forms at macro and micro levels. positive perception of bankers towards Islamic banking system (Hassan & Ahmed, ). More knowledge bankers would have about Islamic banking, high probability of gaining confidence & positive.Download