Год выпуска: 2012 Автор: Muhammad Abdul Majid Издательство: LAP Lambert Academic Publishing Страниц: 88 ISBN: 9783848446827
Описание
It is general perception of public that financial solutions and products offered by Islamic banks are similar to conventional banks and therefore both contains the element of interest when product prices are considered. As the system is in the evolving stage so there are many factors which hinders its acceptability amongst the general public as people are confused about the Shariah (law of Islam) compliance of its products. Moreover, Islamic banks might be offering financial solutions which might not be having as attractive returns as conventional banks. So if all the principles of Islamic laws are not followed, customers may be at disadvantage and suffer loss due to some constraints in the contract. There is immense competition in banking sector globally and specifically in Pakistan in recent years. The growth of Islamic banking has created competition not only among Islamic banks but with conventional banks as well. So from customer’s perspective, we need to know which banking...
