PERCEPTION OF ISLAMIC BANKERS ABOUT THE ROLE OF ISLAMIC BANKING IN RAISING THE ECONOMIC GROWTH AND STANDARD OF LIVING

Abstract

PURPOSE: Why people of Pakistan still give priorities to conventional financing as Islamic banking operates over a decade ago. DESIGN METHADOLOGY: The method that was used to do research was the collection of data, based on primary and secondary sources. Primary data was collected from Islamic Bankers of the Karachi in the form of questionnaire and informal interviews, and secondary data from the internet and different Islamic Books. RESEARCH LIMITATIONS: The research highly relies on the information which are available on internet and which would be given by the Islamic Bankers. FINDINGS: Survey concludes that as far as economic benefits are concerned, Majority of Islamic Bankers said that if Islamic Banking and Islamic Economic system operates with full capacity in Pakistan then economic benefits and social benefits would be maximum, good return to investors and risk diversification were not that much.