Islamic banking, a financial innovation, has come to be seen as the most 'visible' aspect of Islamization. Notwithstanding its novelty, it has made considerable progress, measured by the rapidity with which it has been adopted in the Muslim (even non-Muslim) countries in a relatively short...

The present study examines the case for the privatization of public industrial enterprises in Pakistan, where the term 'privatization' is defined as a transfer of ownership from the public to the private sector. The focus of analysis is to compare the efficiency levels in public and private...