A comparison of the Islamic Banking products offered in the two countries of Pakistan and Malaysia has been discussed in this paper. The research paper uses document analysis to identify different products offered by five full-fledged... more
A comparison of the Islamic Banking products offered in the two
countries of Pakistan and Malaysia has been discussed in this
paper. The research paper uses document analysis to identify
different products offered by five full-fledged Islamic banks in
Malaysia and Pakistan. It is evident from the research that Islamic
banking sector in Pakistan is not tapping its full growth potential
as in case of Malaysia. It is also concluded that the trade financing
and asset financing products offered by Islamic banks in Malaysia
are more diverse than the products offered by its counterparts in
Pakistan. The paper gives insight to the Shariah complaint board
to introduce new products while learning from the experience of
other countries. This research does not focus on investigating the
reasons behind these differences; however, it initiates a discourse
in this direction.
countries of Pakistan and Malaysia has been discussed in this
paper. The research paper uses document analysis to identify
different products offered by five full-fledged Islamic banks in
Malaysia and Pakistan. It is evident from the research that Islamic
banking sector in Pakistan is not tapping its full growth potential
as in case of Malaysia. It is also concluded that the trade financing
and asset financing products offered by Islamic banks in Malaysia
are more diverse than the products offered by its counterparts in
Pakistan. The paper gives insight to the Shariah complaint board
to introduce new products while learning from the experience of
other countries. This research does not focus on investigating the
reasons behind these differences; however, it initiates a discourse
in this direction.
