Abstract:
Purpose
The purpose of this research is to analyze the potential of Islamic Banking and how it is
contributing in the economic growth of Pakistan and how Shariah compliancy and riba free
banking are playing role in the shift towards growth of Islamic banks.
Methodology
The focus is on the potential of Islamic banking in economic growth of Pakistan , so It has
been decided to conduct interviews and prepared a questionnaire along with graphs and also
used tables to support my research and findings . However, it is pertinent to mention that my
research is secondary data dominant.
Findings
After conducting the research on the finding, the research suggests that due prohibition of
Gharar and Riba and due to shariah compliance, the overall Islamic Banking has developed
and is appearing that the banking is on right track and will grow at a good pace as it is
growing. Figures themselves are witness of the growth of banking side itself.
Practical Implications
The finding will definitely going to support the Government of Pakistan for economic
growth, Islamic investors, policy and decision makers and never the less the potential
customers of Islamic Banks.
