Abstract:
This study explores and analyzes the reasons for the less Inclined behavior of the corporate
sector of Pakistan towards Islamic Financial Institutions. It also covers the information about the
existing scenario of Islamic banking institutions of Pakistan, the standards IBIs follows, the
products they offers, and types of customers they have.
This research is exploratory in nature and qualitative data handling techniques have been used.
Both, primary and secondary data sources have been used.
Many reasons were identified that have an impact on the selection of IBIs. Financial decisions
are taken on the basis of prudence. Perception also has an impact on the decisions.
Islamic finance is going through evolutionary phase. Research is going on and things are, and
need to be improved by the time. Issues being faced by the customer or potential customer of
IBIs need to be identified and effectively resolved.
Islamic banking institutions of Pakistan need to adopt aggressive policy. If the Islamic product
can achieve price competitiveness, clear product differentiation, and ease in usage, corporate
sector can inclined more towards IBIs. Standardization is also required.
