Attaining Macroeconomic Objectives of Price Stability, Unemployment Reduction and Economic Growth Through 1st TIER Products of Islamic Banking & Finance and moving forward towards establishing Islamic Trading Houses.
November 2-3, 2018
Institute of Business Management, Karachi
Islamic banking was initiated in Pakistan in the year 2002 with an objective to offer not only interest free financing solutions as compare to its conventional counterpart interest based banks but also to contribute towards the wellbeing of the society through its 1st tier products of Mudarabah and Musharakah which ensures price stability, unemployment reduction and economic growth that leads to socioeconomic development in the country.
It’s now time to reassess and reevaluate the socioeconomic impacts of the existing products of Islamic banking industry in Pakistan and try to shed some light as to why Mudarabah and Musharakah have not been implemented as yet? What are the obstacles faced by Islamic banking industry in implementing these products? What would be prospective and/or possible solution to these problems? Is it better to move forward from Islamic Banking to Islamic Trading Houses to implement 1st TIER products of IBF?
The 2nd International Conference on Islamic Banking and Finance (ICIBF-2018) provides a platform among academics, Shari'ah Scholars and practitioners to share and synthesize their theoretical, empirical and field related knowledge to provide probable solutions to aforementioned problems faced by the Islamic banking industry at both the domestic as well as international levels.