1) The study analyzed the growth of Islamic banking in Pakistan from 2004-2009 compared to conventional banks in terms of deposits, investments, assets, and equity.
2) The results found that Islamic banking grew at a higher average rate than conventional banks for deposits, assets, and equity, though the growth rates for investments were not statistically significant.
3) Specifically, the growth rates of deposits and assets for Islamic banks were statistically significantly higher than for conventional banks, indicating Islamic banking in Pakistan grew faster in these areas during the study period.
3 body part-e1f727d0-6005-43fd-b1ca-db4bfa2699d3Sharif Sardar
This document discusses the research methodology used in a study about the prospects of Islamic banking in India. It provides background on Islamic banking and its growth. The study aims to assess awareness and perceptions of Islamic banking among retail bank customers in four cities in South India. A survey questionnaire was used to collect data from 687 respondents. Statistical analysis methods like frequency analysis, t-tests, ANOVA, correlation and regression analysis were used to analyze relationships between demographic variables and awareness/perceptions of Islamic banking. The study aims to provide insights about demand for Islamic banking in India and how it could boost financial inclusion and attract foreign investment. It is limited to the sample area but can indicate opportunities for further research on a national scale.
The document discusses foreign equity investment in Pakistan's Islamic banking system. It provides background on the introduction of interest-free banking in Pakistan in the 1970s. It then analyzes performance measures for Islamic, government, and private banks in Pakistan from 2006-2010 based on ratios like return on assets, equity, and liquidity. Overall, Islamic banks showed gradually increasing balance sheets but zigzagging income statements, while government banks grew steadily except for reserves. The conclusion is that Islamic banking provides an alternative to conventional systems and attracts foreign investment due to its adherence to strong beliefs.
This document is a project report on Asian banks that discusses their emerging developments in growth, structure, and efficiency. It provides an introduction and acknowledgments. It then discusses several key metrics of Asian banking systems, including domestic credit provided by banks as a percentage of GDP in various Asian countries, non-performing loans as a percentage of total loans, and emerging issues facing Asian banks like growth of personal and online banking. The report aims to analyze the growth, structure, and efficiency of Asian banks.
Customer Satisfaction Level of Islamic Bank and Conventional Bank in PakistanIOSR Journals
This document compares customer satisfaction levels between Islamic and conventional banks in Pakistan. It analyzes data collected from questionnaires distributed to customers of 3 Islamic banks (Bank of Khyber, Almeezan bank, Albaraka bank) and 3 conventional banks (Habib bank limited, united bank limited, Allied bank limited). The data shows higher customer satisfaction levels at conventional banks compared to Islamic banks, possibly due to conventional banks' greater global image, product variety, and marketing efforts. The document recommends Islamic banks improve services, awareness, and product offerings to better compete with conventional banks.
Islamic Banking: Inclusion in the Indian Banking SectorIOSR Journals
Innumerable changes have been witnessed in the Indian banking sector since last six decades. Various generations of financial sector reforms has changed the face and complexion of the Indian Banking Sector which is adopting various innovative practices with the focus on inclusive growth. Islamic banking is one such practice which is being considered in full fledged manner which otherwise has been practiced in an informal way. Islamic banking has set its foot on the path of rapid growth throughout the globe and India could not be isolated from it, looking at immense potential. The 1st Ernst & Young World Islamic Banking Competitiveness Report 2011 presented at the 18th Annual World Islamic Banking Conference stated that Islamic banking assets with commercial banks globally will reach US$1.1 trillion in 2012, a significant jump of 33% from their 2010 level of US$826 billion. The conventional banking as practiced by the Indian banking sector in its present form does stand in the way of the principles of Islamic banking which prohibits transaction on the basis of interest and operate on profit and loss based on Islamic principles. Introduction of interest free banking will require a lot of changes in the Banking Regulation Act.
Mechanisms for Financing Investment Projects through Commercial Bank LoansYogeshIJTSRD
The article analyzes the role of commercial banks in financing investment projects. The experience of developed foreign countries in financing investment projects is studied. The activities of commercial banks for lending to investment projects were studied and suggestions were made for their improvement. Norov Akmal Ruzimamatovich | Mirzayev Azamat Abdujalilovich | Haydarov O’ral Axmadovich | Qahorov Bobur Baxtiyorovich | Nurmuxammedov Abdijabbar Yunusovich "Mechanisms for Financing Investment Projects through Commercial Bank Loans" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Special Issue | Innovative Development of Modern Research , April 2021, URL: https://www.ijtsrd.com/papers/ijtsrd41106.pdf Paper URL : https://www.ijtsrd.com/management/accounting-and-finance/41106/mechanisms-for-financing-investment-projects-through-commercial-bank-loans/norov-akmal-ruzimamatovich
3 body part-e1f727d0-6005-43fd-b1ca-db4bfa2699d3Sharif Sardar
This document discusses the research methodology used in a study about the prospects of Islamic banking in India. It provides background on Islamic banking and its growth. The study aims to assess awareness and perceptions of Islamic banking among retail bank customers in four cities in South India. A survey questionnaire was used to collect data from 687 respondents. Statistical analysis methods like frequency analysis, t-tests, ANOVA, correlation and regression analysis were used to analyze relationships between demographic variables and awareness/perceptions of Islamic banking. The study aims to provide insights about demand for Islamic banking in India and how it could boost financial inclusion and attract foreign investment. It is limited to the sample area but can indicate opportunities for further research on a national scale.
The document discusses foreign equity investment in Pakistan's Islamic banking system. It provides background on the introduction of interest-free banking in Pakistan in the 1970s. It then analyzes performance measures for Islamic, government, and private banks in Pakistan from 2006-2010 based on ratios like return on assets, equity, and liquidity. Overall, Islamic banks showed gradually increasing balance sheets but zigzagging income statements, while government banks grew steadily except for reserves. The conclusion is that Islamic banking provides an alternative to conventional systems and attracts foreign investment due to its adherence to strong beliefs.
This document is a project report on Asian banks that discusses their emerging developments in growth, structure, and efficiency. It provides an introduction and acknowledgments. It then discusses several key metrics of Asian banking systems, including domestic credit provided by banks as a percentage of GDP in various Asian countries, non-performing loans as a percentage of total loans, and emerging issues facing Asian banks like growth of personal and online banking. The report aims to analyze the growth, structure, and efficiency of Asian banks.
Customer Satisfaction Level of Islamic Bank and Conventional Bank in PakistanIOSR Journals
This document compares customer satisfaction levels between Islamic and conventional banks in Pakistan. It analyzes data collected from questionnaires distributed to customers of 3 Islamic banks (Bank of Khyber, Almeezan bank, Albaraka bank) and 3 conventional banks (Habib bank limited, united bank limited, Allied bank limited). The data shows higher customer satisfaction levels at conventional banks compared to Islamic banks, possibly due to conventional banks' greater global image, product variety, and marketing efforts. The document recommends Islamic banks improve services, awareness, and product offerings to better compete with conventional banks.
Islamic Banking: Inclusion in the Indian Banking SectorIOSR Journals
Innumerable changes have been witnessed in the Indian banking sector since last six decades. Various generations of financial sector reforms has changed the face and complexion of the Indian Banking Sector which is adopting various innovative practices with the focus on inclusive growth. Islamic banking is one such practice which is being considered in full fledged manner which otherwise has been practiced in an informal way. Islamic banking has set its foot on the path of rapid growth throughout the globe and India could not be isolated from it, looking at immense potential. The 1st Ernst & Young World Islamic Banking Competitiveness Report 2011 presented at the 18th Annual World Islamic Banking Conference stated that Islamic banking assets with commercial banks globally will reach US$1.1 trillion in 2012, a significant jump of 33% from their 2010 level of US$826 billion. The conventional banking as practiced by the Indian banking sector in its present form does stand in the way of the principles of Islamic banking which prohibits transaction on the basis of interest and operate on profit and loss based on Islamic principles. Introduction of interest free banking will require a lot of changes in the Banking Regulation Act.
Mechanisms for Financing Investment Projects through Commercial Bank LoansYogeshIJTSRD
The article analyzes the role of commercial banks in financing investment projects. The experience of developed foreign countries in financing investment projects is studied. The activities of commercial banks for lending to investment projects were studied and suggestions were made for their improvement. Norov Akmal Ruzimamatovich | Mirzayev Azamat Abdujalilovich | Haydarov O’ral Axmadovich | Qahorov Bobur Baxtiyorovich | Nurmuxammedov Abdijabbar Yunusovich "Mechanisms for Financing Investment Projects through Commercial Bank Loans" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Special Issue | Innovative Development of Modern Research , April 2021, URL: https://www.ijtsrd.com/papers/ijtsrd41106.pdf Paper URL : https://www.ijtsrd.com/management/accounting-and-finance/41106/mechanisms-for-financing-investment-projects-through-commercial-bank-loans/norov-akmal-ruzimamatovich
Capital Market: Opportunities and ChallengesRezaul Hoq
The present study has exclusively used those methods by compiling the data of very critical and eventful ten years (2001-2011) of DSE, CSE, ICB and other related financial organizations. After collecting data, the researchers edited the data and used some statistical forms according to their suitability and necessity of the study.
AFC Asia Frontier Fund invests in fast growing Asian frontier countries like Bangladesh, Cambodia, Iraq, Laos, Mongolia, Myanmar (Burma), Papua New Guinea, Pakistan, Sri Lanka and Vietnam. Due to the emerging middle class and opportunities for developing infrastructure in these countries, the fund’s main investment focus is the consumer and infrastructure sector. The AFC Asia Frontier Fund is positioned to take advantage of the continuing economic shifts in these countries.
The role of islamic banking in jordan in supporting industriesAlexander Decker
The document summarizes a research study on the role of Islamic banking in supporting industries in Jordan through the Islamic financing technique of Istisna. The study finds that while Istisna should theoretically be used by Islamic banks to support industries, the two major Islamic banks in Jordan do not utilize Istisna and it represents only 1% or less of their total investments on average. As a result, the study concludes the Islamic banks in Jordan do not effectively support industries in the country through Istisna as intended.
A strategy to manage the np as of public sector banksIAEME Publication
The document discusses strategies to manage non-performing assets (NPAs) of public sector banks in India. It finds that willful defaults by borrowers and inefficient credit appraisal systems are key determinants of NPAs. The NPAs of public sector banks have been growing significantly due to poor asset quality and ineffective information systems. The document suggests steps like improving credit risk management, strengthening recovery systems, and enhancing credit appraisal and loan monitoring to reduce NPAs. Multiple regression analysis indicates that willful defaults, fraudulent lending practices, and delays in repayment significantly influence default rates and NPAs. Tighter management of credit risk factors is needed to control NPAs.
Prospective of islamic banking in germany (1)Bilal Iqbal
This document summarizes the potential for Islamic banking in Germany. It discusses how Islamic banking has grown significantly in many countries, including some Western nations. Germany has a large Muslim population, and some argue this represents an opportunity for Islamic banking. However, Islamic banking faces challenges in Germany, as it is less developed there than in the UK. The document aims to analyze the actual potential for Islamic banking in Germany through a quantitative study.
Development of Islamic bank in Bangladesh sajal islam
This document provides an overview of the development of Islamic banking in Bangladesh. It discusses the background of Bangladesh, defines Islamic banks as banks that comply with Sharia law and avoid interest, lists several major Islamic banks in Bangladesh, and describes the objectives and principles of Islamic banking. Some key points covered include the growth of Islamic banking net profits and deposits in Bangladesh, the services offered by Islamic banks in Bangladesh, and barriers to the development of Islamic banking such as risk weighting and regulation.
1) Japanese companies are extending their supply chains throughout Asia to diversify risk by sourcing parts from multiple local suppliers instead of just Japanese ones. This was prompted by natural disasters disrupting supply chains.
2) Japanese companies are also investing more in other Asian countries by establishing local manufacturing plants either on their own or through partnerships with local companies. This allows them to sell locally while transferring technology.
3) To further mitigate supply chain risks, Japanese companies are using financial tools like trade receivables finance and letters of credit to improve cash flow and accelerate payments. They aim to have flexible supply chains that allow quickly switching suppliers or locations.
AFC Asia Frontier Fund presentation 2013.08.22Thomas Hugger
The document provides information on the AFC Asia Frontier Fund, including:
- The fund seeks long-term capital appreciation through investing in listed equities of companies in high-growth Asian frontier markets such as Bangladesh, Cambodia, Iraq, Laos, Mongolia, Myanmar, Pakistan, Papua New Guinea, Sri Lanka, and Vietnam.
- The fund focuses on consumer stocks, financials, and infrastructure and will invest in both large and mid-small cap companies.
- Asia Frontier Capital, based in Hong Kong, will manage the fund. The firm was created through a management buyout of Leopard Capital and is led by Thomas Hugger, who has over 20 years of experience investing
The document summarizes key trade information about several countries in the MENA region. Dubai is highlighted as a major global trade hub, benefiting from its airports, ports, and free zones. Trade in Dubai relies heavily on re-exports and letters of credit are popular instruments. The UAE is investing heavily in infrastructure and exploring alternative power sources like nuclear. Qatar is investing $120 billion in infrastructure for the 2022 World Cup. Saudi Arabia spends heavily on infrastructure and exports large amounts of oil and gas to Asia and Europe. Egypt faces challenges from political turmoil and reduced oil prices/demand from key markets. Lebanon's trade has been impacted by the loss of Syria as a trading partner. [/SUMMARY]
The document provides an overview of Islamic banking, including its foundations in Islamic principles, key differences from conventional banking, common Islamic banking products and financing modes, and the progress and current state of the Islamic banking industry both in Pakistan and globally. It discusses Islamic prohibitions on riba (interest), and how Islamic banks engage in trade-based, partnership-based and rental-based modes to fulfill financial needs in accordance with Shariah law.
Singapore & Hong Kong, Asia's Wealth MagnetsPatrick Ho
Synopsis: Investors are taking a close look at Singapore and Hong Kong as keywealth management centres in Asia. And there is no stopping these two financial hubs from growing their clout.
Analysis of Islamic Financial System in the Global Market: And Entry in Indiaiosrjce
The document provides an analysis of the Islamic financial system in the global market and its potential entry into India. Some key points:
- Islamic finance has grown rapidly in recent years and become systematically important in Asia and the Middle East, while global issuance of sukuk (Islamic bonds) is expanding internationally.
- The IMF states the sector could facilitate financial inclusion and access to financing for small/medium enterprises and infrastructure projects, helping spur economic development.
- However, countries need to adapt regulatory frameworks to Islamic finance specifics and develop Islamic markets/instruments to realize its potential and safeguard stability.
Asia Frontier Capital Ltd.: AFC Asia Frontier Fund presentationThomas Hugger
AFC Asia Frontier Fund invests in listed equities of the fast growing Asian economies like Bangladesh, Bhutan, Cambodia, Laos, Maldives, Mongolia, Myanmar (Burma), Nepal, Pakistan, Papua New Guinea, Sri Lanka and Vietnam.
1) The Singapore Exchange (SGX) operates the stock market in Singapore, listing and trading stocks of over 700 companies with a total market capitalization of $650 billion.
2) SGX was formed in 1999 through the merger of Singapore's existing stock, futures, and options exchanges. It has since expanded through acquisitions and opening representative offices in other financial centers.
3) In addition to its core functions of facilitating stock trading, SGX also oversees derivatives and commodities markets, and has strategic investments in other Asian stock exchanges to boost regional connectivity.
This document analyzes the business characteristics and performance of regional enterprises in Shaanxi Province, China that are involved in the Belt and Road Initiative. It finds that over half of the 226 sampled enterprises have losses or no profit. Manufacturing contributes the most tax revenue while some industries have low or negative profits. Most enterprises have reasonable asset structures and solvency, though some show insolvency issues. Overall profitability is negative, with Singaporean enterprises being the most profitable. Asset turnover rates indicate generally good operational capabilities. The document concludes by recommending policies to improve foreign capital utilization in Shaanxi under the Belt and Road Initiative.
A view about singapore and its market...Avinash Avi
(1) Singapore seceded from Malaysia in 1965 and has since grown to be one of the most prosperous nations in Asia with a GDP per capita of $28,100. (2) Founded by Sir Stamford Raffles in 1819, Singapore was an important trading post under British rule and became independent in 1965. (3) Today, Singapore has a highly developed market economy and is a major global financial and shipping hub, with the world's busiest port.
This document summarizes an Islamic banking conference presentation about the common perceptions of Islamic banking, the current state of Islamic finance globally, and its future prospects. The presentation discusses how Islamic banking differs from conventional banking in avoiding interest and being asset-backed. It provides an overview of the growth of Islamic financial institutions and products around the world and their projected continued expansion in the future.
AFC Asia Frontier Fund presentation 2014.06.09Thomas Hugger
The document provides an executive summary of the AFC Asia Frontier Fund, including its objectives, fund overview, and firm overview. The fund aims to achieve long-term capital appreciation by investing in listed equities of companies in high-growth Asian frontier markets like Bangladesh, Cambodia, Iraq, and others. It focuses on earnings growth, undervalued stocks, and sectors like consumer, financials, and infrastructure. Asia Frontier Capital, based in Hong Kong, will manage the fund using a combination of value and growth investing approaches.
Carta para o 15º encontro da pcr leste2ctpfaje_2011
A carta convida os coordenadores e agentes da Pastoral Carcerária da Arquidiocese de Belo Horizonte para o 15o Encontro da Pastoral Carcerária da CNBB Leste 2, que ocorrerá em Juiz de Fora entre os dias 19 a 21 de abril de 2013. O tema do encontro será "Profecia a serviço da dignidade humana" e abordará a formação bíblica, lei e cuidado com o ser humano. A taxa de participação será de R$ 20,00 e os participantes devem levar roupas de cama e objet
Capital Market: Opportunities and ChallengesRezaul Hoq
The present study has exclusively used those methods by compiling the data of very critical and eventful ten years (2001-2011) of DSE, CSE, ICB and other related financial organizations. After collecting data, the researchers edited the data and used some statistical forms according to their suitability and necessity of the study.
AFC Asia Frontier Fund invests in fast growing Asian frontier countries like Bangladesh, Cambodia, Iraq, Laos, Mongolia, Myanmar (Burma), Papua New Guinea, Pakistan, Sri Lanka and Vietnam. Due to the emerging middle class and opportunities for developing infrastructure in these countries, the fund’s main investment focus is the consumer and infrastructure sector. The AFC Asia Frontier Fund is positioned to take advantage of the continuing economic shifts in these countries.
The role of islamic banking in jordan in supporting industriesAlexander Decker
The document summarizes a research study on the role of Islamic banking in supporting industries in Jordan through the Islamic financing technique of Istisna. The study finds that while Istisna should theoretically be used by Islamic banks to support industries, the two major Islamic banks in Jordan do not utilize Istisna and it represents only 1% or less of their total investments on average. As a result, the study concludes the Islamic banks in Jordan do not effectively support industries in the country through Istisna as intended.
A strategy to manage the np as of public sector banksIAEME Publication
The document discusses strategies to manage non-performing assets (NPAs) of public sector banks in India. It finds that willful defaults by borrowers and inefficient credit appraisal systems are key determinants of NPAs. The NPAs of public sector banks have been growing significantly due to poor asset quality and ineffective information systems. The document suggests steps like improving credit risk management, strengthening recovery systems, and enhancing credit appraisal and loan monitoring to reduce NPAs. Multiple regression analysis indicates that willful defaults, fraudulent lending practices, and delays in repayment significantly influence default rates and NPAs. Tighter management of credit risk factors is needed to control NPAs.
Prospective of islamic banking in germany (1)Bilal Iqbal
This document summarizes the potential for Islamic banking in Germany. It discusses how Islamic banking has grown significantly in many countries, including some Western nations. Germany has a large Muslim population, and some argue this represents an opportunity for Islamic banking. However, Islamic banking faces challenges in Germany, as it is less developed there than in the UK. The document aims to analyze the actual potential for Islamic banking in Germany through a quantitative study.
Development of Islamic bank in Bangladesh sajal islam
This document provides an overview of the development of Islamic banking in Bangladesh. It discusses the background of Bangladesh, defines Islamic banks as banks that comply with Sharia law and avoid interest, lists several major Islamic banks in Bangladesh, and describes the objectives and principles of Islamic banking. Some key points covered include the growth of Islamic banking net profits and deposits in Bangladesh, the services offered by Islamic banks in Bangladesh, and barriers to the development of Islamic banking such as risk weighting and regulation.
1) Japanese companies are extending their supply chains throughout Asia to diversify risk by sourcing parts from multiple local suppliers instead of just Japanese ones. This was prompted by natural disasters disrupting supply chains.
2) Japanese companies are also investing more in other Asian countries by establishing local manufacturing plants either on their own or through partnerships with local companies. This allows them to sell locally while transferring technology.
3) To further mitigate supply chain risks, Japanese companies are using financial tools like trade receivables finance and letters of credit to improve cash flow and accelerate payments. They aim to have flexible supply chains that allow quickly switching suppliers or locations.
AFC Asia Frontier Fund presentation 2013.08.22Thomas Hugger
The document provides information on the AFC Asia Frontier Fund, including:
- The fund seeks long-term capital appreciation through investing in listed equities of companies in high-growth Asian frontier markets such as Bangladesh, Cambodia, Iraq, Laos, Mongolia, Myanmar, Pakistan, Papua New Guinea, Sri Lanka, and Vietnam.
- The fund focuses on consumer stocks, financials, and infrastructure and will invest in both large and mid-small cap companies.
- Asia Frontier Capital, based in Hong Kong, will manage the fund. The firm was created through a management buyout of Leopard Capital and is led by Thomas Hugger, who has over 20 years of experience investing
The document summarizes key trade information about several countries in the MENA region. Dubai is highlighted as a major global trade hub, benefiting from its airports, ports, and free zones. Trade in Dubai relies heavily on re-exports and letters of credit are popular instruments. The UAE is investing heavily in infrastructure and exploring alternative power sources like nuclear. Qatar is investing $120 billion in infrastructure for the 2022 World Cup. Saudi Arabia spends heavily on infrastructure and exports large amounts of oil and gas to Asia and Europe. Egypt faces challenges from political turmoil and reduced oil prices/demand from key markets. Lebanon's trade has been impacted by the loss of Syria as a trading partner. [/SUMMARY]
The document provides an overview of Islamic banking, including its foundations in Islamic principles, key differences from conventional banking, common Islamic banking products and financing modes, and the progress and current state of the Islamic banking industry both in Pakistan and globally. It discusses Islamic prohibitions on riba (interest), and how Islamic banks engage in trade-based, partnership-based and rental-based modes to fulfill financial needs in accordance with Shariah law.
Singapore & Hong Kong, Asia's Wealth MagnetsPatrick Ho
Synopsis: Investors are taking a close look at Singapore and Hong Kong as keywealth management centres in Asia. And there is no stopping these two financial hubs from growing their clout.
Analysis of Islamic Financial System in the Global Market: And Entry in Indiaiosrjce
The document provides an analysis of the Islamic financial system in the global market and its potential entry into India. Some key points:
- Islamic finance has grown rapidly in recent years and become systematically important in Asia and the Middle East, while global issuance of sukuk (Islamic bonds) is expanding internationally.
- The IMF states the sector could facilitate financial inclusion and access to financing for small/medium enterprises and infrastructure projects, helping spur economic development.
- However, countries need to adapt regulatory frameworks to Islamic finance specifics and develop Islamic markets/instruments to realize its potential and safeguard stability.
Asia Frontier Capital Ltd.: AFC Asia Frontier Fund presentationThomas Hugger
AFC Asia Frontier Fund invests in listed equities of the fast growing Asian economies like Bangladesh, Bhutan, Cambodia, Laos, Maldives, Mongolia, Myanmar (Burma), Nepal, Pakistan, Papua New Guinea, Sri Lanka and Vietnam.
1) The Singapore Exchange (SGX) operates the stock market in Singapore, listing and trading stocks of over 700 companies with a total market capitalization of $650 billion.
2) SGX was formed in 1999 through the merger of Singapore's existing stock, futures, and options exchanges. It has since expanded through acquisitions and opening representative offices in other financial centers.
3) In addition to its core functions of facilitating stock trading, SGX also oversees derivatives and commodities markets, and has strategic investments in other Asian stock exchanges to boost regional connectivity.
This document analyzes the business characteristics and performance of regional enterprises in Shaanxi Province, China that are involved in the Belt and Road Initiative. It finds that over half of the 226 sampled enterprises have losses or no profit. Manufacturing contributes the most tax revenue while some industries have low or negative profits. Most enterprises have reasonable asset structures and solvency, though some show insolvency issues. Overall profitability is negative, with Singaporean enterprises being the most profitable. Asset turnover rates indicate generally good operational capabilities. The document concludes by recommending policies to improve foreign capital utilization in Shaanxi under the Belt and Road Initiative.
A view about singapore and its market...Avinash Avi
(1) Singapore seceded from Malaysia in 1965 and has since grown to be one of the most prosperous nations in Asia with a GDP per capita of $28,100. (2) Founded by Sir Stamford Raffles in 1819, Singapore was an important trading post under British rule and became independent in 1965. (3) Today, Singapore has a highly developed market economy and is a major global financial and shipping hub, with the world's busiest port.
This document summarizes an Islamic banking conference presentation about the common perceptions of Islamic banking, the current state of Islamic finance globally, and its future prospects. The presentation discusses how Islamic banking differs from conventional banking in avoiding interest and being asset-backed. It provides an overview of the growth of Islamic financial institutions and products around the world and their projected continued expansion in the future.
AFC Asia Frontier Fund presentation 2014.06.09Thomas Hugger
The document provides an executive summary of the AFC Asia Frontier Fund, including its objectives, fund overview, and firm overview. The fund aims to achieve long-term capital appreciation by investing in listed equities of companies in high-growth Asian frontier markets like Bangladesh, Cambodia, Iraq, and others. It focuses on earnings growth, undervalued stocks, and sectors like consumer, financials, and infrastructure. Asia Frontier Capital, based in Hong Kong, will manage the fund using a combination of value and growth investing approaches.
Carta para o 15º encontro da pcr leste2ctpfaje_2011
A carta convida os coordenadores e agentes da Pastoral Carcerária da Arquidiocese de Belo Horizonte para o 15o Encontro da Pastoral Carcerária da CNBB Leste 2, que ocorrerá em Juiz de Fora entre os dias 19 a 21 de abril de 2013. O tema do encontro será "Profecia a serviço da dignidade humana" e abordará a formação bíblica, lei e cuidado com o ser humano. A taxa de participação será de R$ 20,00 e os participantes devem levar roupas de cama e objet
Patricia Peck Pinheiro Advogados - Legalliidade nas Redes Sociiaiisaberje
O documento discute as mudanças na sociedade com o avanço da tecnologia digital, como o aumento do uso de redes sociais e dispositivos móveis, e como isso impacta questões legais. É destacado que a lei precisa acompanhar a nova realidade de comunicação instantânea e sem fronteiras físicas em um mundo cada vez mais digitalizado.
Carta para o 15º encontro da pcr leste2ctpfaje_2011
A carta convida os coordenadores e agentes da Pastoral Carcerária da Arquidiocese de Belo Horizonte para o 15o Encontro da Pastoral Carcerária da CNBB Leste 2, que ocorrerá em Juiz de Fora entre os dias 19 a 21 de abril de 2013. O tema do encontro será "Profecia a serviço da dignidade humana" e abordará a formação bíblica, lei e cuidado com o ser humano. A taxa de participação será de R$ 20,00 e os participantes devem levar roupas de cama e objet
Este manual explica o passo a passo para comprar produtos no site, incluindo escolher o produto, filtrar opções, ver detalhes, adicionar ao carrinho, fazer login ou cadastro, inserir endereço de entrega, escolher ou criar arte, criar o pedido, pagar e receber dicas importantes.
O documento resume a reunião da Pastoral Carcerária Regional Leste 2, realizada em Belo Horizonte em novembro de 2012. Nele, foi formada uma comissão para discutir ações sobre a questão prisional, composta por bispos, coordenadores, assessores e advogados das dioceses da região.
Este documento resume uma visita de estudo de um curso profissional de técnicos de apoio à infância à Fundação Calouste Gulbenkian e ao Museu do Brinquedo em Lisboa. A visita inclui uma exposição sobre as ilustrações de Alice no País das Maravilhas e a coleção de brinquedos do Museu do Brinquedo, com o objetivo de promover o contato com obras de ilustração infantil e reconhecer a importância do brinquedo e do ato de brincar.
This document summarizes a research paper that compares the performance of Islamic and conventional banks in Pakistan between 2007-2011. The paper finds that Islamic banks performed better than conventional banks during this period. Key differences noted were that Islamic banks promote equity financing, while conventional banks rely solely on debt financing. Return on assets was also higher for Islamic banks, indicating they operate more efficiently. In conclusion, the paper finds that Islamic banks have a bright future within Pakistan's banking industry.
Financial Performance Analysis of Islamic Bank in Bangladesh: A Case Study on...Premier Publishers
Banking sector is an important sector of an economy of a country, so it is necessary to monitor and evaluate the performance of it. The aim of this paper was to examine the performance of Islamic banking of Bangladesh in particular the experience for Al-Arafah Islamic Bank Limited. The paper goes further to explore some experience on the domestic and global challenges which are facing Islamic banking sector. Performance evaluation methodology used to ascertain the objectives in terms of profit maximization, capital structure and liquidity ratios. We used the financial data of bank from 2010 to 2014 and observed that the trend of all the indicators are positive. The ability, efficiency and number of products of Al-Arafah Islamic Bank Limited are increasing gradually. The investment of Al-Arafah Islamic Bank Limited is mostly on short term basis which is generally similar to other Islamic banks in Bangladesh. Islamic banks are facing some difficulties in their operations especially for non-shariah structure of their stakeholders. This study suggests that Islamic banks of Bangladesh should increase Islamic capital market, Islamic financial instruments, and proper zakat distribution and employment opportunities for the betterment of the society.
This document provides an overview of a final year project that conducts a comparative analysis of Islamic banking and conventional banking in Pakistan. The study examines the growth, performance, assets, deposits, financing, investments and returns of both Islamic and conventional banks from 2007-2012. It aims to determine which banking stream is more profitable and growing faster. The methodology involves collecting quantitative secondary data from annual reports of the banks and State Bank of Pakistan. Tables of data on market share, ratios and distributions within banks are presented. The document outlines hypotheses that Islamic banking is gradually eroding the market share of conventional banking and increasing competition is negatively impacting conventional banks.
Islamic Finance and Economic Growth in the Kingdom of Saudi Arabia (KSA): An ...scmsnoida5
This paper examines the relationship between
the development of Islamic finance system and
economic growth in the Kingdom of Saudi
Arabia. The relationship between Islamic
banking and economic growth is done using
econometric analysis. In this analysis, we use
Islamic banks’ financing credited to private
sector through modes of financing as a proxy for
the development of Islamic finance system and
Gross Domestic Product (GDP), Gross Fixed
Capital Formation (GFCF) and Foreign Direct
Investment inflow (FDI) as proxies for real
economic growth. For the analysis, the unit root
test, co-integration test and Granger causality
tests were done. Based on the availability of data,
time series data from 1990 to 2010 is used to
examine the relationship between Islamic banks’
financing and GDP, FDI, and GFCF. Data for
all variables are stationary after first difference.
The co-integration results provide an evidence of
a unique cointegrating vector. In other words, there is a long-term stable relationship between
Islamic banks’ financing and economic growth
in the Kingdom of Saudi Arabia. That means
Islamic banks’ financing and economic growth
relationships are moving together in the longrun.
The results from causality tests show that causality
relation exist from the Islamic banks’ financing
to investment and Foreign Direct Investment
(FDI) of the Kingdom of Saudi Arabia. The
results indicate that Islamic finance is a suitable
environment for attracting FDI and FDI
reinforces economic growth.
This study examines the factors that determine the financing supply of Islamic banks in multiple countries. It uses panel data from Islamic banks in Pakistan and Malaysia over several years. The study finds that increases in total deposits and GDP positively impact financing, while increases in the market rate of return, money supply, and bank equity negatively impact financing. The results indicate Islamic banks do not always proportionally increase financing when deposits and equity rise, suggesting excess liquidity. Overall the model explains about 31% of the variation in Islamic bank financing.
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11.growth of islamic banking in pakistan a comparative study
1. Research Journal of Finance and Accounting www.iiste.org
ISSN 2222-1697 (Paper) ISSN 2222-2847 (Online)
Vol 3, No 2, 2012
Growth of Islamic Banking in Pakistan: A Comparative
Study
Farhat Ullah Khan* , Bakhtiar Khan, Zahid Awan, Tafakhar Hassnain, Aziz Javed
Dept of Business Administration, Gomal University D.I.Khan, KPK, Pakistan.
*E-mail of the corresponding author: farhatullahpk@gmail.com
Abstract:
The study focused on the growth of Islamic banking in Pakistan in terms of its Deposits, Investments,
Assets and Owners’ Equity for the period from 2004 to 2009. The horizontal analysis technique was
used to determine the growth rates of Islamic and conventional banks while t-test was used for
statistical significance. The growth rate of Islamic banking was higher than its traditional counterpart in
Deposits, Investments, Assets and Owners’ Equity. The growth rates of deposits and Assets of Islamic
bank were statistically significant, whereas growth rates in investments and Owners equity were found
statistically insignificant.
Keywords: Islamic Banking; Growth Rates; Deposits, Investments; Assets; Owners Equity
1. Introduction
Islamic banking appeared as a practical reality and started functioning in 1970s. Since then it has been
growing continuously all over the world. In Pakistan, Islamic banks are growing with annual growth
rate of 1% which is the highest growth rate in the world while its market share has reached to 7 % and
expected to grow to 15% in the next few years. In Malaysia, where Islamic banking started its
operations some 25 years back, the Islamic banking is growing at half percent. Islamic banks have also
gained recognition and captured market shares around the world even in non-Muslim countries such as
Western Europe, North America, and Asia (Awan, 2009).
The global conventional banks like HSBS, Standard Chartered Bank, Deutsche Bank, Citibank, etc,
have also set up separate Windows/Divisions to structure Islamic financial products and are offering
Islamic banking services to their Muslim clients and even to those non-Muslim clients who are
interested in profit and loss sharing (PLS) financial instruments. UK, France, China, Singapore and
many other countries have developed special regulatory framework to facilitate the working of Islamic
banking. The speed of the growth of Islamic banking all over the world including Pakistan has been
expedited since 2002.
The Islamic Banking has now expanded to more than 100 countries around the world and the size in
terms of its assets has reached to about US$ 700 billion with an annual growth rate of 15 % (Chong &
Liu, 2009).In the 21st century, the establishment of full fledged Islamic banks in Pakistan created tough
competition among banks to attract and retain greater number of customers by providing quality
services. The Islamic banking institutions in Pakistan have shown tremendous growth in assets at
around 59% per annum since 2005.The growth of Islamic banking industry in terms of assets was 34%
as compared to 8.8% of overall growth of banking industry in year 2009 (SBP, 2009). The sustained
growth of Islamic banking Industry was also witnessed in 2010 with annual growth of 31 % in assets,
while the growth in deposits and Investments was 38.2% and 17.7% respectively in the same year. .
The overall share of Islamic banking industry in the country’s banking system also improved to 6.4%
from 6.1% in 2010 (SBP, 2010).
The objectives of the study are i) to analyze the growth of Islamic banking in terms of Its deposits,
Assets , Investments and Owners Equity and ii) to compare growth of Islamic banking with
conventional banks.
2. Literature Review
25
2. Research Journal of Finance and Accounting www.iiste.org
ISSN 2222-1697 (Paper) ISSN 2222-2847 (Online)
Vol 3, No 2, 2012
Islamic banking is a recent phenomenon as compared to conventional banking which operates for more
than a century. Islamic banking operates on Risk sharing concept instead of interest or riba in
conventional banking. Islamic banks due to its significant growth in assets all over the world have
proved their existence in non Muslim countries by opening Islamic banking branches / windows to
cater the growing demand for its products and services (Olson & Zoubi, 2008).
As stated by Zaher and Hassan (2001) that Islamic Financial system was predominantly practiced in the
Muslim world in 80’s which not only cover banking sector but also provided platform for financial
markets, financial Instruments and all forms of financial intermediation. The driving force behind the
dramatic growth of Islamic Finance in last few Years was the spread of Islamic religion around the
globe. They mentioned that Islamic banking and Finance was grown due to introduction of structural
reforms, liberalization of capital movement, globalization of financial markets and launching of new
products based on Islamic principles. International banks around the world also reorganized its
products structure from normal deposits to Derivatives, Hedging and Investments in order to avail
profit opportunities (Siddiqui, 2008). According to Brooks (1999) Non Muslims are also interested in
Islamic banking products and considered it to be commercially sound.
Iqbal (2001) compares Islamic and conventional baking in the Nineties and included 12 banks into his
study sample. He studied the growth of Islamic banking industry during 1990-98 to measure annual
growth rates for some key variables of Islamic banks like total equity, total deposits, total investment,
total assets and total revenue. Then he used ratio analysis like capital assets ratio, liquidity ratio,
deployment ratio, cost/income ratio, profitability ratio, return on asset and return on equity ratio and
concluded that both return on assets (ROA) and return on equity (ROE) for the Islamic banks are
substantially higher than the conventional banks. He concluded that the profit ratio of Islamic banks
compare favorably with international standards, it should be noted that conventional banks depositors
are guaranteed their principal amounts and hence bear less risk than Islamic banks depositors.
Therefore, the depositors of Islamic banks would genuinely expect a higher rate of return to
compensate for extra risk.
Awan (2009) analyzed the vertical growth of Islamic banking and compared it with its counterpart
conventional banking. Six newly formed Islamic banks in Pakistan and six conventional banks of the
same size were selected for the purpose of comparison. Data relating to their performance and
profitability were collected from primary and secondary sources from 2006 to 2008. The ratio analysis
technique was applied to measure the performance of key indicators of both Islamic and conventional
banks. The results of the study showed that the performance and profitability of Islamic banks are far
better than selected conventional banks. The study also found that Islamic banks are comparatively
much better than conventional banks in terms of assets, deposits, financing, investments, efficiency,
and quality of services and recovery of loans.
3. Research Methodology:
The sample of the study includes one Islamic bank and two conventional banks operating on domestic
level in Pakistan. Trend analysis technique was used to determine the growth rates of Deposits,
Investments, Assets and Owners’ Equity for a period from year 2004 to year 2009. Students’ T-test was
used to determine the statistical difference between growth rates of Islamic and conventional banking.
4. Results and Discussion:
The objective of the study was to compare and evaluate the growth rates of Islamic and conventional
banks in terms of its Deposits, Investments, Assets and Equity for a period from 2004 to 2009. The
growth rates were determined through horizontal analysis technique. The growth rates of Deposits,
Investments, assets and equity of both Islamic and conventional banking are given in Appendix-A as
table 4.1, table 4.2, table 4.3, and table 4.4 respectively for the period under study and trend in the
growth rates of both group of banks is shown graphically in Appendix-B as Figure 4.1, 4.2, 4.3, and 4.4
respectively.
4.1 Deposits Growth Rates
26
3. Research Journal of Finance and Accounting www.iiste.org
ISSN 2222-1697 (Paper) ISSN 2222-2847 (Online)
Vol 3, No 2, 2012
Growth rates of deposits of both Islamic conventional banking are given in table 4.1 which reveals that
growth rates of deposits were higher in case of Islamic banking than conventional banks in the period
under study. The Islamic bank stood at 165% in 2004-05 against growth rate of 142% of conventional
banks. The growth rate of deposits decreased to 151% in 2005-06 from 165% in 2004-05 but still
higher than conventional banks’ growth rate of 116% in the same year. The Islamic bank gained
momentum in 2006-07 by posting growth rate of 158% as against growth rate of 151% in 2005-06
while the conventional banks’ growth rate was also increased to 118% in 2006-07 against growth rate
of 116% in 2005-06. However the increase in growth rate of Islamic bank in year 2006-07 was more
than increase in conventional banks’ growth rate. Similarly in 2007-08 and 2008-09, the growth rate of
Islamic bank surpassed the growth rate of conventional banks. The Islamic banking growth rates were
129% in 2007-08 and 143% in 2008-09 compared to 115% and 111% of conventional banks in 2007-
08 and 2008-09 respectively. Hence the results in table 4.1 revealed that Islamic banking is growing at
higher rate than conventional banking in Pakistan for period under study.
4.2 Investments growth rates
The table 4.2 displays the growth rates of Investments of Islamic and conventional banks for a study
period of 2004 to 2009. It is evident from the table that Islamic banking has surpassed the conventional
banks in all years except 2004-05. The growth rate of Islamic bank stood at 112% compared to 126%
in 2004-05 while increase in growth rate of Islamic bank was seen in 2005-06 at 179% against 105% of
conventional banks. Islamic banking in 2006-07 recorded a growth rate of 366% compared to 161% of
conventional banks which is more than double of conventional banks’ growth rate. Conventional
banks’ growth rate was declined to 94% in 2007-08 from 161% in 2006-07 whereas in case of Islamic
bank, the growth rate was 138% in 2007-08 against 366% in 2006-07 but still higher than conventional
growth rate in the same year. In 2007-08, Islamic banking investments’ growth showed decline and
stood at 138% as against 366% in 2006-07. The decline in growth rate of investments was also seen in
conventional banks which decreased from 161% in 2006-07 to 94% in 2007-08. However, the growth
rate of Islamic banking was still higher than conventional banks. Islamic banking and conventional
banks revived from decline in 2008-09 and recorded growth rate of 160% and 138% respectively. It
also indicates that Islamic bank growth rate is more than conventional banks’ growth rate in the year
2008-09. On the average Islamic bank had higher growth rate in investments (191%) compared to
Conventional banks (124.8%).
It is concluded from the above discussion that on average Islamic banking is growing at higher rate
than conventional. The Figure 4.2 shows the trend in Islamic and conventional banks for period under
study.
4.3 Assets Growth Rates
The table 4.3 shows the declining trend in growth rates of assets for both Islamic and conventional
banks in the period under study except in year 2008-09. The growth rates of Islamic banking in terms
of assets were 156%, 151%, 145%, 127% and 146% in years 2004-05, 2005-06, 2006-07, 2007-08 and
2008-2009 respectively. Whereas the growth rates of conventional banks were 137% in year 2004-05,
120% in 2005-06, 121% in 2006-07, 112% in 2007-08 and 113% in 2008-09.
These results indicate that Islamic bank, despite the decline in Assets growth rates, has still achieved
growth rate higher than conventional banks in the period under study. The average growth rate (145%)
of Islamic bank was also more than conventional banks growth rate of assets (120.6%).
4.4 Equity Growth Rates
The table 4 displays the growth rates of Owners Equity of Islamic and conventional banking which
reveals that Islamic banking has grown at higher rate than conventional banks except in years 2006-07
and 2007-08. The growth rates of equity in 2004-05 was 144% for Islamic banking and 138% for
conventional banking while in 2005-06 it was 157% and 138% for Islamic and conventional banking.
In both these years, Islamic banking growth rate of equity not only increased but was also higher than
conventional banks’ growth rate (138%). The declining trend was observed in growth rates of
investments of Islamic and conventional banking in years 2006-07 and 2007-08. In these years the
Islamic banking growth rates (120% in 2006-07; 105% in 2007-08) were lower than conventional
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banks (129% in 2006-07; 106% in 2007-08). However an increasing trend was seen in the year 2008-
09 in the growth rates of both Islamic and conventional banking. The Islamic banking growth rate
(154% in 2008-09) was higher than growth rate of conventional banking (128% in 2008-09). The
above discussion concludes that Islamic banking have higher growth rates in 2004-05, 2005-06 and
2008-09 while lower growth rates in 2006-07 and 2007-08. However, on the average Islamic banking
has grown at higher rate than conventional banking in terms of equity.
4.5 An Independent Samples T-Test:
An independent samples T-Test was performed to compare growth of Islamic and conventional banks
at 5% significance level. The results of T-Test are given in the table 5 (Appendix-A). The table 5
indicates that Islamic banking is growing at higher rate than conventional banking and the mean
difference (28.80%) is significant at 5% level of Significance. Islamic Banking (Mean=149.20,
S.D=13.936) and Conventional Banking (Mean=120.40, S.D=12.341) and conditions; t (8) = 3.460, p
<0.05.
Similarly in respect of Assets growth rates, the Islamic Bank is growing at higher rate with Mean of
145% and S.D of 10.977 than conventional banks (Mean = 120.60, S.D = 10.015) and the mean
difference of 24.40% was significant at 5% level. Conditions; t (8) =3.672, p <0.05.While insignificant
results were obtained in case of Investments and Equity Growth at 5%. The Islamic bank mean growth
rate was 191 % and 136% in terms of Investment and Equity respectively while mean growth rates of
investments and equity were 124.80% and 127.80% for conventional banks. The mean difference
(66.20%) in case of investments was not significant at 5% and conditions t (8) = 1.418. similarly the
mean difference (8.20%) in terms of Equity was also not significant at 5% and conditions t( 8) = 0.702.
5. Conclusion:
The study examined the growth of Islamic and conventional banking in Pakistan for a period from
2004 to 2009. The growth was examined in terms of Total Deposits, Total investments; Total Assets
and Total Equity of both Islamic and conventional banking. Horizontal analysis was used to determine
the growth rates of deposits (D), investments (I), Assets (A) and Equity (E) from 2004 to 2009 using
chain base method. The average growth rates of deposits, Investments, Assets and Equity were higher
in case of Islamic banking than conventional banks in the study period. These results confirm the
previous findings of Awan (2009),and Iqbal (2001).
In order to test statistically the growth rates of D, I, A, E for equality of means; an independent samples
t-test was performed at 5% and 10% significance level. The results indicated that there was a
significant difference between means of Islamic and conventional banking in terms of Deposits at 5%
which led to the conclusion that Islamic bank is growing at higher rate than conventional banks in
Pakistan in the study period. In terms of Investments growth no significant difference were found
between two groups of banks under study. Although the investments growth rate on average was higher
than conventional banks growth rate of Investments.
However in terms of assets growth, the Islamic bank had grown at higher rate in terms of Investments
growth as compared to conventional banks and the difference in means was found significant at 5%
level. While in case of Equity growth, there was no significant difference in Islamic and conventional
banks at 5% despite the fact that Islamic bank growth rate in Equity was higher than conventional
banks. These results suggest that Islamic banking has grown significantly at higher rate in case of
Deposits’ and Assets growth while higher growth rates in terms Investments and Equity were
insignificant at 5% level. The previous findings of Awan (2009) & Iqbal (2001) confirm the above
findings.
REFERENCES
Abdul Majid, M. Z., & Sufian, F. (2007). “Market structure and competition in emerging market:
Evidence from Malaysian Islamic industry”. Journal of Economic Cooperation, 28, pp. 99−121.
Ahmad, M.M., & Pandey, D. (2010). “Are Islamic banks better immunized than Conventional
banks in the current economic crisis?” Paper presented at 10th Global Conference on Business &
Economics. ISBN: 978-0-9830452-1-2
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Aggarwal, R. K., & Yousef, T. (2000). “Islamic Banks and Investment Financing”. Journal of
Money, Credit, and Banking, Vol. 32, No. pp. 93-120
Arif, M. (1989). “Islamic Banking in Malaysia: Framework, Performance and Lesson”. Journal of
Islamic Economics, 2 (2), pp. 67-78.
Ariss, T. Rima (2010). “Competitive conditions in Islamic and conventional banking: A global
perspective”. Review of Financial Economics Vol.19. pp.101–108
Awan, G.A, .( 2009). “Comparison of Islamic and Conventional Banking in Pakistan.”
Proceedings 2nd CBRC, Lahore, Pakistan.
Bashir, A. H. M. (2003). “Determinants of Profitability in Islamic Banks: Some Evidence from the
Middle East.” Islamic Economic Studies 11, no. 1.pp. 31-57.
Brooks, A. (1999). “Repo Market Crosses Line In the Sand”. International Securities Lending,
London.37-40 [online]. Available from: http://www.financeinislam.com/article/1_35/1/243
[Accessed 29 January 2010]
Chong, B.S., & Liu, M.H. (2009). “Islamic banking: Interest free or interest-based”. Pacific-Basin
Finance Journal, Vol.17, issue 1, pp. 125-144.
Dar, H., & Presley, J. (2000). “Lack of profit sharing in Islamic banking”. International Journal of
Islamic Financial Services, 2, pp. 8−18.
Ghayad, Racha. (2008). “Corporate Governance and the global performance of Islamic banks.”
Humanomics Vol.24 no.3 pp.207-216.
Hasan, Zubair. (2004). "Measuring the Efficiency of Islamic Banks: Criteria, Methods and Social
Priorities," Review of Islamic Economics 8, 2,pp. 5-30.
Hussein, K. A. (2003). “Operational Efficiency in Islamic Banking: The Sudanese Experience.”
Working Paper no. 1, Islamic Research and Training Institute (IRTI), Islamic Development Bank,
Iqbal, Munawar. (2001). “Islamic and Conventional Banking in the Nineties: A Comparative
Study”. Islamic Economic Studies.Vol.8, No.2.pp.1-28
Mavrakis, Nadia. (2009). “Islamic Finance: A Vehicle for Economic Development”. Ph.D Thesis,
Department of Finance, McCombs School of Business, University Of Texas Austin.
Olson, Dennis. & Zoubi, Taisier. (2008). "Using Accounting Ratios to Distinguish between
Islamic and Conventional banks in the GCC Region," International Journal of Accounting 43,pp.
45-65.
Rosly, S. A. (2005). “Islamic Banking: Doing Things Right and Doing Right Things”. Malaysian
Journal of Economic Studies 42, no. 1-2:pp 31-40.
State Bank of Pakistan. (2009). Islamic banking Bulletin. October-December: vol. IV no 4
Sufian, Fadzlan (2007). “The efficiency of Islamic banking industry in Malaysia: Foreign vs
domestic banks”. Humanomics Vol. 23 No. 3, pp. 174-192.
Zaher, T. & K. Hassan (2001). ”A Comparative Literature Survey of Islamic Finance and
Banking”, Financial Markets, Institutions & Instruments, Vol. 10, No.4, pp. 155 – 199.
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Appendix-A
Figure:1Deposits Growth of Islamic and Conventional Banking
180
160
140
120
Deposits Growth 100
in % 80 conventional
Islamic
60
40
20
0
2004-05 2005-06 2006-07 2007-08 2008-09
Year Wise
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Table: 1 Deposits Growth Rates (%) of Islamic and Conventional Banking
Year Conventional banks Islamic banking
2004-05 142 % 165 %
2005-06 116 151
2006-07 118 158
2007-08 115 129
2008-09 111 143
Average 120.4 % 149.2 %
Figure :2 Inve stme nts Growth of Islamic and C onve ntional Banking
400
350
300
250
Inve stments 200
Growth in %
150
100
50
0
2004-05 2005-06 2006-07 2007-08 2008-09
Year Wise
conventional Islamic
Table: 2 Investments Growth Rates (%) of Islamic and conventional Banking.
Year Conventional banking Islamic banking
2004-05 126 % 112 %
2005-06 105 179
2006-07 161 366
2007-08 94 138
2008-09 138 160
Average 124.8 % 191 %
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Figure: 3 Assets Growth Of Islamic and Conventional Banking
400
350
300
Assets Growth in 250
%
200
150
100
50
0
2004-05 2005-06 2006-07
Year wise 2007-08 2008-09
conventional Islamic
Table: 3 Assets Growth Rates (%) of Islamic and Conventional Banking
year conventional banks Islamic banking
2004-05 137 % 156 %
2005-06 120 151
2006-07 121 145
2007-08 112 127
2008-09 113 146
Average 120.6 % 145 %
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Figure: 4 Equity Growth of Islamic and Conventional Banking
160
140
120
100
Equity
80
Growth in %
60
40
20
0
2004-05 2005-06 2006-07 2007-08 2008-09
Year Wise
conventional Islamic
Table: 4. Equity Growth Rates (%) of Islamic and Conventional Banking.
Year Conventional banks Islamic banking
2004-05 138 % 144 %
2005-06 138 157
2006-07 129 120
2007-08 106 105
2008-09 128 154
Average 128 % 136 %
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Table: 5 T-Test: Growth Rates of Islamic and Conventional Banking.
Std. Mean
Variable Mode of Banking Mean Deviation Difference T p-value Remarks
Islamic Banking 149.20 13.936
28.80 3.460 .009 Accept
Deposits Conventional
120.40 12.341
Banking
Islamic Banking 191.00 100.970
Investment 66.20 1.418 .194 Reject
s Conventional
124.80 26.584
Banking
Islamic Banking 145.00 10.977
Assets 24.40 3.672 .006 Accept
Conventional
120.60 10.015
Banking
Islamic Banking 136.00 22.616
Equity 8.20 .702 .503 Reject
Conventional
127.80 13.084
Banking
34
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