Mr. Sanaullah Noonari Department of Agricultural Economics Sindh Agriculture University Tando Jam Pakistan Re: Letter of Acceptance and Invitation Dear Mr. Sanaullah Noonari,

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Result of Review
Title: KNOWLEDGE AND PERCEPTION OF STUDENTS REGARDING ISLAMIC
BANKING: A CASE STUDY OF HYDERABAD (SINDH) PAKISTAN
Author(s): Sanaullah Noonari
Decision of Paper Selection
( ) a. Accept submission, no revisions required
(*) b. Accept submission, minor revisions required; please revise the paper according to comments
( ) c. Accept submission, major revisions required; please revise the paper according to comments
( ) d. Decline submission; you may revise and resubmit for review
( ) e. Decline submission
=============== The following information is for accepted papers==============
What should you do?
 Revise the paper according to the comments (if applicable)
 All authors must agree on the publication, please sign and scan the agreement letter
(see Appendix I) and send it to afa@redfame.com
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Proposed Schedule for Publication
 Vol. 1, No. 2, August 2015, if you meet above requirements within 2 weeks.
 Online First: The online version may be published soon after the final draft is
completed
 You may also ask to publish the paper later, if you need more time for revision or
payment.
Additional Information
 You will receive two copies (per paper) of printed journal, free of charge
 If you want to buy more printed journals, please contact the editorial assistant
 You may download the e-journal in PDF free of charge at: http://afa.redfame.com
 Other questions please contact the editorial assistant at: afa@redfame.com
================ The above information is for accepted papers===============

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Comments from Editor
Evaluation Grade
Please give a grade of 5, 4, 3, 2, 1(high to low)
Overall evaluation on the paper 4
Contribution to existing knowledge 3
Organization and Readability 4
Soundness of methodology 4
Evidence supports conclusion 3
Adequacy of literature review 4
Comments and Suggestions
 Revise the paper according to Paper Submission Guide:
http://home.redfame.com/author-guide/
 Revise table(s) into three-line table(s)
 Insert table(s) and figure(s) into the text, not after references
 Add DOI links to those references that have DOIs, please see Paper Submission Guide:
http://home.redfame.com/author-guide/

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Comments from Reviewer A
Evaluation (Please assign the score for each item below)
5=Excellent 4=Good 3=Average 2=Below Average 1=Poor n/a=Not Applicable
Items Grade
Overall evaluation on the paper 3
1. Contribution to existing knowledge 3
2. Novel ideas/concepts/techniques 3
3. Complete and accurate figures and tables 2
4. Appropriate formatting and structure 2
5. Readability 3
6. Correct analysis 4
7. Soundness of methodology 3
8. Evidence supports conclusion 3
9. Adequacy of literature review 3
10. Clear, concise and interesting writing 3
 Summary
The study investigated the relationship between the university student’s perception and knowledge
about different concepts and terms used in the Islamic banking and products and services offered
Result suggested that students had better perception about the Islamic banking but poor knowledge
 Strengths
A study about a lesser known subject in Europe and America. The continuing study of also other
categories of clients for the islamic banks may have concrete effects on gaining new clients.
 Weaknesses
The sample is small.
We do not know how important this category of clients is for the islamic banks. It might be an
insignificant segment and the results of the study might not be relevant.
The structuring of the paper can be improved based on the suggestions given below.
 Suggestions to Author/s
Must define the contractions. For example CGPA
What is (GOP, 2012) (SBP, 2010). (IBP, 2012) (GOP, 2011)?
Must briefly explain a series of terms like Halaal, Haraam from the Islamic religion. Some readers
will not understand the general context of the Coran
Some papers are quoted without them appearing in the References. For example, Ahmad et al.

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2010,Yousefi et al. 1997, Lewis et al. 2002, GOP, 2011, GOP, 2012, Scheaffer, (1979), (Kinnear
and Taylor, (1987) (Scheaffer,1990).
I do not understand this quote: In the past two years, two conventional financial institutions
have converted to Islamic principles and another, Middle East Bank, is preparing to do so by June
2004.While the multinational Hong Kong Shanghai Banking Corporation (HSBC) is expanding its
Islamic finance operations, others are contemplating joining the lucrative Islamic finance market
through the offering of Islamic (Kahf et al. 2002), We are in June 2015
The literature used is quite old, 2000 – 2008. What do newer studies from 2013-2015 say? Did the
knowledge about the Islamic banking system improve?
The sample of 60 is small. How come it is considered representative?
The year and month when this study was made is not presented. The study is relevant for that
specific date.
In my opinion, chapter 5 must be an Appendix to this article. There are too many data, some
repeating and do not have their place inside the article.
Chapter 6 must be integrated in Conclusions, which should be more clear and concise.
The conclusions should refer only to the research results and not to other things which have not
come out of the research. For example: It is concluded from the study Islamic banking in Pakistan
is growing at a rapid rate. There are three main factors which have been proven to contributing to
this growth. Among these factors religious are the most promising. Therefore people are adopting
Islamic banking mainly due to Islamic laws and nature. The other factors include economic and
other socio and psychological factors. These factors also have certain Contribution in the growth
of Islamic banking but less than religious factors.
Students are a quite limited sector of the banking market, including the Islamic one. Of greater
value would have been a study on an important segment of clients from the banking system (a
segment that could have been identified from the banks)
The study can be continued by analysing a client segment which is declared to be a target segment
by the Islamic banks in the next couple of years.
Recommend the appropriate section for this paper (Please mark “X” for appropriate option)
(X ) Original Article
( ) Review Article
( ) Case Report
( ) Short Communication
()
Recommendation to Editor (Please mark “X” for appropriate option)
( ) Excellent, accept the submission (5)
( ) Good, accept the submission with minor revisions required (4)
(3 ) Acceptable, revisions required (3)
( ) Resubmit for review, major revisions required (2)
( ) Decline the submission (1)

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Comments from Reviewer B
Evaluation (Please assign the score for each item below)
5=Excellent 4=Good 3=Average 2=Below Average 1=Poor n/a=Not Applicable
Items Grade
Overall evaluation on the paper 3
1. Contribution to existing knowledge 3
2. Novel ideas/concepts/techniques 3
3. Complete and accurate figures and tables 4
4. Appropriate formatting and structure 3
5. Readability 3
6. Correct analysis 4
7. Soundness of methodology 4
8. Evidence supports conclusion 4
9. Adequacy of literature review 4
10. Clear, concise and interesting writing 3
 Summary
The paper is well-written and concise. It is well-structured and organized.
 Strengths
The design of the study is good and well executed.
 Weaknesses
The author should strictly follow the guidelines of this journal for preparing the manuscript
Some typos and grammar errors need to be corrected.
 Suggestions to Author/s
Check and write according to the referencing style and format as required by the journal.
The paper should be better structured in its logic and writing.

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Appendix I
Publication Agreement
/ /201
Title:
Submission Date:
All the author(s) agree the above paper for publication in the Applied Finance and
Accounting (published by Redfame Publishing). The above-mentioned paper is the author(s)’
original work and has not been published before, and is not currently under consideration for
publication elsewhere.
Thanks.
Signature(s) of all author(s) in order: