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1. Introduction
In the last two decades, Islamic banks have grown in size and number around the world. Islamic banks operate in over 60 countries, but in Iran, Pakistan and Sudan, the entire system has been converted to Islamic banking. In other countries, banking systems are dominated by secular/conventional banking institutions operating parallel to Islamic banks, yet Islamic banking is the fastest growing segment of the credit market in Muslim countries (that have Islamic banks). Since the 1970’s, their market share has risen from 2% to about 15% today as measured by assets in the banking system. The market’s current annual turnover is estimated to be $70 billion, compared with a mere $5 billion in 1985, and was projected to hit the $100 billion mark by 2000. This trend began with the oil booms of the 1970’s and 1980’s, but now Islamic banks are generally the product of private initiative in non-oil-exporting countries .
It is therefore imperative to study the growth......
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Title: Islamic Banking And Profitabiltiy In Pakistan
Approximate Word Count: 11779
Approximate Pages: 48 (250 words per double-spaced page)
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Islamic Banking And Profitabiltiy In Pakistan
Islamic Banking and Profitabiltiy in Pakistan. 1. Introduction In the last two decades,
Islamic banks have grown in size and number around the world. ... ...
