A Review of Islamic Commercial and Social Finance in Pakistan
September 25th, 2018
By Dr. Salman Ahmed Shaikh, Dr. Mohd Adib Ismail, Prof. Dr. Abdul Ghafar Ismail,
Dr. Shahida Shahimi and Dr. Muhammad Hakimi
This paper gives an overview of Islamic finance in Organization of Islamic Cooperation (OIC) member country of Pakistan. This paper is divided into 5 subsections. Section 1 gives a brief overview of Islamic banking which enjoys a central place in the umbrella of Islamic financial services globally as well as in Pakistan. Section 2 looks at the progress and performance of Islamic capital markets in Pakistan, especially Shari’ah compliant equities and Sukuk. Section 3 provides a brief account of Islamic asset management sector in Pakistan. Section 4 explores the footprint of Islamic microfinance sector and Section 5 gives an account of the contribution of third sector redistributive institutions like Zakāt and Waqf in Pakistan.