There is a serious lack of empirical studies on Islamic banking. This paper attempts to fill that gap to some extent. Using data for the 1990-98 period, several hypotheses and common perceptions about the practice of Islamic banking have been tested. The performance of Islamic banks has been...

The paper discusses the problems of fiscal deficits being faced by a number of Muslim countries. Using Pakistan as a case study, the paper attempts to identify the causes of these deficits as a prelude to making reform proposals. The author gives a number of suggestions for reducing public...