Title: An empirical evidence of up-gradation need in Islamic banking sector of Pakistan

Authors: Omar Masood; Kiran Javaria; Mondher Bellalah

Addresses: Quaid-i-Azam School of Management Sciences, Quaid-i-Azam University, Islamabad, 45320, Pakistan ' Lecturer, School of Accountancy and Finance, University of Lahore, Islamabad, Pakistan ' Department of Finance, University of Cergy, France

Abstract: Islamic banking has been gaining popularity in recent past years. This research study examines the need of up-gradation in Islamic banking of Pakistan where mainstream of population about 98% are Muslims. The need of up-gradation in Islamic banking was examined in different segments like people perception about Islamic banking, Islamic banking and micro finance and Islamic banking regarding agriculture. Present study adapted the structured questionnaire from different studies and explored irreconcilable aspect of selected variables. Questionnaires were distributed to bankers and customers in six big cities of Pakistan (Lahore, Karachi, Islamabad, Rawalpindi, Quetta and Peshawar) by simple random sampling. The researcher collected data from 986 correspondents by visiting different banks. Conclusion of this study discloses that Islamic banking lack policies regarding microfinance and agriculture related product and services which need to be solving to up-gradate banking system in modern prospect.

Keywords: Islamic banking; up-gradation; customer's awareness level; perception; comparative; microfinance policies; agricultural products; up-gradation policies; Pakistan.

DOI: 10.1504/IJESB.2020.104256

International Journal of Entrepreneurship and Small Business, 2020 Vol.39 No.1/2, pp.311 - 324

Received: 29 Jan 2018
Accepted: 30 Sep 2018
Published online: 23 Dec 2019 *

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