IDEAS home Printed from https://ideas.repec.org/a/bla/devchg/v26y1995i4p687-699.html
   My bibliography  Save this article

Islamic Banking in Practice: the Case of Pakistan

Author

Listed:
  • Peter A. Cornelisse
  • Wouter Steffelaar

Abstract

In Islamic banking rules apply which differ from those in traditional banking. This article first discusses the consequences of Islamic banking for financial operations in general, then goes on to examine the Islamic procedures introduced in Pakistan's banking sector since 1985. Considering the drastic change in procedures, the effect of Islamization on this sector has been moderate. One reason for this is that banks in Pakistan have consistently opted for financial instruments closely resembling interest‐based finance. Another reason is that their behaviour has been determined to a large extent by the fact that they are state‐owned.

Suggested Citation

  • Peter A. Cornelisse & Wouter Steffelaar, 1995. "Islamic Banking in Practice: the Case of Pakistan," Development and Change, International Institute of Social Studies, vol. 26(4), pages 687-699, October.
    • Handle: RePEc:bla:devchg:v:26:y:1995:i:4:p:687-699
    DOI: 10.1111/j.1467-7660.1995.tb00570.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1467-7660.1995.tb00570.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1467-7660.1995.tb00570.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Muhammad Anwar, 1993. "Strategies to Settle Existing Debts under an Islamised Banking System," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 32(4), pages 961-971.
    2. Muhammad Anwar, 1992. "Islamic Banking in Iran and Pakistan: A Comparative Study," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 31(4), pages 1089-1097.
    3. Khan, Mohsin S & Mirakhor, Abbas, 1990. "Islamic Banking: Experiences in the Islamic Republic of Iran and in Pakistan," Economic Development and Cultural Change, University of Chicago Press, vol. 38(2), pages 353-375, January.
    4. Presley, John R & Sessions, John G, 1994. "Islamic Economics: The Emergence of a New Paradigm," Economic Journal, Royal Economic Society, vol. 104(424), pages 584-596, May.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Hasnie, Syed Sharjeel Ahmad & Collazzo, Pablo & Hassan, M. Kabir, 2022. "Risk assessment of equity-based conventional and islamic stock portfolios," The Quarterly Review of Economics and Finance, Elsevier, vol. 85(C), pages 363-378.
    2. Martha A. Starr & Rasim Yilmaz, 2007. "Bank Runs in Emerging‐Market Economies: Evidence from Turkey's Special Finance Houses," Southern Economic Journal, John Wiley & Sons, vol. 73(4), pages 1112-1132, April.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Istvan Egresi & Rauf Belge, 2015. "Development Of Islamic Banking In Turkey," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 6, pages 5-20, December.
    2. Martha A. Starr & Rasim Yilmaz, 2007. "Bank Runs in Emerging‐Market Economies: Evidence from Turkey's Special Finance Houses," Southern Economic Journal, John Wiley & Sons, vol. 73(4), pages 1112-1132, April.
    3. Samir ESSID & Ines Ben HAMOUDA Ep. Ben BRIKA, 2012. "Mesure des inégalités de revenus : Une analyse comparative," Journal of Academic Finance, RED research unit, university of Gabes, Tunisia, vol. 3(1), December.
    4. Adam B. Elhiraika, 1998. "Macroeconomic Instability, Financial Repression and Islamic Banking in Sudan," IIUM Journal of Economics and Management, IIUM Journal of Economis and Management, vol. 6(2), pages 61-86, December.
    5. Onour, Ibrahim & Abdalla, Abdelgadir, 2010. "Scale and Technical Efficiency of Islamic Banks in Sudan: Data Envelopment Analysis," MPRA Paper 29885, University Library of Munich, Germany.
    6. Martens, André, 2001. "La finance islamique : fondements, théorie et réalité," L'Actualité Economique, Société Canadienne de Science Economique, vol. 77(4), pages 475-498, décembre.
    7. E. H. Ergeç & B. G. Arslan, 2013. "Impact of interest rates on Islamic and conventional banks: the case of Turkey," Applied Economics, Taylor & Francis Journals, vol. 45(17), pages 2381-2388, June.
    8. Kia, Amir & Darrat, Ali F., 2007. "Modeling money demand under the profit-sharing banking scheme: Some evidence on policy invariance and long-run stability," Global Finance Journal, Elsevier, vol. 18(1), pages 104-123.
    9. Akhand Akhtar Hossain, 2009. "Central Banking and Monetary Policy in the Asia-Pacific," Books, Edward Elgar Publishing, number 12777.
    10. Pepinsky, Thomas B., 2013. "Development, Social Change, and Islamic Finance in Contemporary Indonesia," World Development, Elsevier, vol. 41(C), pages 157-167.
    11. Khan, Feisal, 2010. "How 'Islamic' is Islamic Banking?," Journal of Economic Behavior & Organization, Elsevier, vol. 76(3), pages 805-820, December.
    12. Hearn, Bruce & Piesse, Jenifer & Strange, Roger, 2011. "The role of the stock market in the provision of Islamic development finance: Evidence from Sudan," Emerging Markets Review, Elsevier, vol. 12(4), pages 338-353.
    13. Lucia Dalla Pellegrina, 2007. "Capital Adequacy Ratios, Efficiency and Governance: a Comparison Between Islamic and Western Banks," Working Papers 20070402, Università degli Studi di Milano-Bicocca, Dipartimento di Statistica, revised Apr 2007.
    14. repec:ipg:wpaper:2014-093 is not listed on IDEAS
    15. saleem, shahid, 2007. "Role of Islamic banks in economic development," MPRA Paper 7332, University Library of Munich, Germany.
    16. Czerniak, Adam, 2010. "Symptomy kryzysu globalnego a etyka gospodarcza religii światowych. Analiza porównawcza bankowości islamskiej i bankowości klasycznej w kontekście kryzysu finansowego [The differences between the c," MPRA Paper 26971, University Library of Munich, Germany.
    17. Khan, Tariqullah, 2000. "Islamic Quasi Equity (Debt) Instruments And The Challenges Of Balance Sheet Hedging: An Exploratory Analysis," Islamic Economic Studies, The Islamic Research and Training Institute (IRTI), vol. 7, pages 1-31.
    18. Hadeel Abu Loghod, "undated". "Do Islamic Banks Perform Better than Conventional Banks? Evidence from Gulf Cooperation Council countries," API-Working Paper Series 1011, Arab Planning Institute - Kuwait, Information Center.
    19. Darrat, Ali F., 2002. "The relative efficiency of interest-free monetary system: some empirical evidence," The Quarterly Review of Economics and Finance, Elsevier, vol. 42(4), pages 747-764.
    20. Mohamed Bechir Chenguel & Abdelkader Derbali & Meriem Jouiro, 2020. "Installing Islamic banking windows in conventional bank: Effects on performance," International Journal of Financial Engineering (IJFE), World Scientific Publishing Co. Pte. Ltd., vol. 6(04), pages 1-11, February.
    21. Jean-Yves Moisseron & Bruno-Laurent Moschetto & Frédéric Teulon, 2015. "Islamic Finance: A Review Of The Literature," Post-Print hal-04194802, HAL.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:devchg:v:26:y:1995:i:4:p:687-699. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0012-155X .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.