2015
DOI: 10.12816/0014522
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Does Islamic Banking System Contributes to Economic Development

Abstract: The purpose of this paper is to give the true meaning of development from an Islamic perspective. This paper examines the dynamic interactions between Islamic banking and economic growth in Pakistan, to see if the financial system affects and growth, transformation and growth of the financial system. Usually, in most Muslim countries, and in some non-Muslim countries, Islamic banking and works as a part of the banking system and the Islamic Republic of Pakistan is one of them. The aim of this paper was to cons… Show more

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Cited by 5 publications
(4 citation statements)
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“…In Islamic economics, it is permissible to use various strategies to determine the price of a product, as long as the strategy does not justify any means, does not use false methods, does not commit fraud or lie, and does not oppress other parties (Askari, 2014;Ahmad, 2015). So, deception in marketing strategies, especially in determining prices, is prohibited in Islam because deception involves deception, cheating, and injustice.…”
Section: Economic Law Perspective On Street Vendor Strategymentioning
confidence: 99%
“…In Islamic economics, it is permissible to use various strategies to determine the price of a product, as long as the strategy does not justify any means, does not use false methods, does not commit fraud or lie, and does not oppress other parties (Askari, 2014;Ahmad, 2015). So, deception in marketing strategies, especially in determining prices, is prohibited in Islam because deception involves deception, cheating, and injustice.…”
Section: Economic Law Perspective On Street Vendor Strategymentioning
confidence: 99%
“…Sebaliknya, pertumbuhan ekonomi juga dapat mendorong berkembangnya perbankan syariah. (Ahmad, Shafique, & Ahmad, 2015) mengutip (Scumpeter, 1983) mengemukakan pentingnya peran sistem perbankan untuk mendorong pembangunan ekonomi melalui pembiayaan investasi produktif. Begitupula hubungan antara pertumbuhan sistem keuangan syariah yang memiliki pengaruh signifikan terhadap pertumbuhan ekonomi (Abduh & Azmi Omar, 2012).…”
Section: Kajian Literaturunclassified
“…Banking has an important role in encouraging economic progress in a country (Ahmad, 2015). According to Vyas & Singh (2011), almost all sectors related to financial activities use bank services, so banking is an industry that involves risk, this is because banks manage people's money and rotate it in the form of various investments.…”
Section: Introductionmentioning
confidence: 99%