For most of the people the prohibition on interest is the well known part of Islamic finance. Indeed, the concept of Islamic finance was not being discussed enough till financial crisis, after crisis it started to be seen as an alternative financial system for conventional finance. Sharing the...

Why is African financial system less developed in general and how can it impact the real economy? Is Islamic finance development instrumental for inclusive and pro-poor financial system in Africa? Does it matter in improvement of financial development impact on GDP per capita in particular? Are...

This study investigates the comparison between Islamic and conventional Indonesian banks and that by applying an approach called Efficiency - effectiveness in order to elucidate the determinants of performance of the Indonesian banking sector while placing identify factors that affect their...

“Participation Banks” are the final review process of the banking sector that have become indispensable for the economy of countries worldwide. Although participation banks do not have a long history, they were included in the Bank Law of 2005, and these banks are getting more attention each...

Islamic banking has achieved substantial growth in Pakistan and all over the world in the last two decades or so. Despite the financial and economic crisis of 2007 and afterwards, the Islamic banking industry has witnessed exemplary and uninterrupted growth. In Pakistan, it has achieved market...

This paper empirically investigates the difference between Islamic and conventional banks in terms of business dynamics, cost structure, credit quality, and stability. It also examines the difference in the response of two types of banks during peak and trough phases of the business cycle. The...

Microfinance is an emerging concept which is improving the socioeconomic status of customers. This study assesses customer satisfaction of clients of Islamic and conventional microfinance providers using a sample of 578 clients i.e. 289 from each side. Akhuwat and Kashf (Islamic microfinance)...

For most of the people the prohibition on interest is the well known part of Islamic finance. Indeed, the concept of Islamic finance was not being discussed enough till financial crisis, after crisis it started to be seen as an alternative financial system for conventional finance. Sharing the...

Islamic banking is considered as alternative to conventional banking. It focuses on profit/loss and risk sharing, than interest based deposit/lending followed in conventional banking. Conventional Banking cherishes a long history while Islamic banking gained importance in last few decades. The...

Financing is an integral part of banking system to consolidate operational activities. Small and medium enterprises (SMEs) are one of the backbones for socio-economic development as it require sufficient financial stand in order to implement several business plans. However, Islamic bank plays a...