Student Name

Ajay KumarFollow

Degree

Master of Science in Islamic Banking & Finance

Department

Department of Finance

Faculty/ School

School of Business Studies (SBS)

Date of Submission

Spring 2024

Supervisor

Dr. Irum Saba, Associate Professor & Program Director MS-IBF, Institute of Business Administration, Karachi

Committee Member 1

Dr. Irum Saba, Supervisor, Program Director MS-IBF

Keywords

Non-Shariah Compliance, Income Islamic financial institutions (IFIs)

Abstract

Purpose: The purpose of this study is to look into the phenomenon of income that is not compliant with Shariah within Islamic banking institutions. Specifically, we will identify and analyze contributing factors, evaluating financial annual reports of last five years’ data of 18 Banks of Pakistan

Design/methodology/approach: This research is based on to collection of data of annual reports of 18 banks including Conventional Islamic windows for the Identification of Shariah Non-compliance income and interviews were taken from Branch Manages from different Banks

Findings: The findings of the study shed light on the variables that lead to the noncompliance of banks with Shariah law and reveal the effect that this noncompliance has on the position of banks.

Research Limitations/Implications: The research seeks to provide valuable insights that contribute to the understanding of Shariah noncompliance in Islamic banking, offering practical recommendations for enhancing industry best practices and ensuring the continued adherence of Islamic financial institutions to ethical and Shariah principles.

Document Type

Restricted Access

Submission Type

Research Project

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