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The United States has the most banks in the world in terms of

instituations (7, 085 at the end of 2008) and possibly branches

(82,000). This is an indicator of the geography and regulatory

structure of the U.S.A, result in a larg number of small and medium

sized instituation in its banking system China's top 4 banks have in

access of 67,000 branches. Japan had 129 banks and 12,000

branches. Germany, France and Italy each had more than 30,000

branches more than double the 15,000 branches in the U.K.(14)


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Š~WxgeeÖ~WsZsx~ZsòYg~Å°p¼-VÅˆì:Islamic banking is intrest free banking inspired by Islamic law.

It's uses include Mudarabah (Profit sharing) Murabahah

(advance purchase with later sale at market up price) Ijarah

(leasing or long term credit) and Musharakha (equity

sharing).(16)

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¹!~Ð(,|g;ìX Growth Role _ì02CZsò¶V»A growth rate sharply higher than 7% rise in assets of conventional

banks in last some decades. In the present time growth in islamic

banking has also been steller and it has been growing at a healthy

rate of 15-20 per year according to estimate.(21)

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Curently there are over 500 islamic financial instituations with a total

size of US$ 1.2 trillion, over 250 shariah complaint mutual funds with

300 BN funds, over 133 shariah accounting standered for Islamic

financial institutions (AAOIFI) have already been laid down more

then 60 countries have Islamic banking institutions out of which


approximately 37 Muslim countries while 23 Non Muslim countries

including USA, UK, Canada, Switzerland, Sirilanka, South Africa and

Australia have Islamic institution. (22)

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The UK government is determined to create a level plyaing feild for

shariah complainte products. There are a number of different

structures for islamic home finance in the UK. Although the UK has

the most active and developed Islamic banking sector in the

European Union. )92(Reserve Banking of ¸g]ÌšÎŠYg~ÅÃÒ~zs¿ìXZke~

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Intrestingly, the result of a survey conducted in the USA has

indicated that the bankers in that country perceived at least to out of


20 Islamic banking practiceses acceptable to practices use

investment accounts transfer of fund, cost plus finance profit and

loss sharing, trust financing, leasing, latters of gurantee, flexible

investment of deposit and role is trustee.(32)

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qgz!*ÑZ°ZŠzÑgzZã™D�ZsòYg~~z‰ÜÆ¦/gäÆ‚B‚BZkÆwSecurities and z:~ZŸ†ƒ@*`YñÇXZq-czs',¤â~uât»gÆóZŠZg}

äZsî"5½5ë EEEYZzgâ1CÂxZzg¡¬]6,Zq-óg7g^�áùÅìX investment instituite

g7g^Æ_.:ZsòÑ<Ð_“gppzZà+÷Zzg"5½5ë EEEYZ&+7~Š*Å!F,+F,¹™äzZàâgL

ìZzgZŠZg}ÆZ0+Zi}Æ_.WÒ{Šz‚ßV~ZkÅâqZq-DÙZgZg[eZ°iÐˆzi™Yñ


ÏX)63(Islamic Banking wrold over grew at the rate 15-20% perannum. Its

grwoth is not confined to pakistan but it is also includes the westren

secular countries.(37)

As compaire to

Assets of the largest banks in the world grew by 6.8% in 2008-09

financial year.(38)

Zq-qDZ0+Zi}Æ_.:The Islamic financial assets are expected to cross 81 trillion by 2010,

In other words 12% of domastic banking industry share by 2012.(39)

âCÙ+»Z0+Zi{ì5102YâJ-ZsòYg~ÆZU*NVÅù¦âq4DÙZgZg[eZ°J-VYñÏ)04(X0*Îy~ZsòYg~Zq-Y,{:

Z¤/p0*Îy‘W„šÎŠÂxYg~ÆÄZyÐZk6,Ã~»xÑzqƒ[å6591YâZzg2691Yâ~úŠb‰Š‚¾~™sZzg)ãîg6,t!*]Šg`¶ÅÓ#Öè0*ÎyÂxu

ÐÎŠÅÒÃ»™äÆa½7g)¦™}Ïp!*‡°{’k,~»x:0891âY~ZsòÃc*CÃ±ÅšÎŠYg~6,g7g^ Xi

zÃ¹Ñ¦°Zª»ê41âÞ1991âY Xii

Ñ<Zá±32Šc9991âY)îÎŠ»êT6,cgWæ:ƒe( Xiii

Ñ<Zá±Ws4*Ãg»ÃU*ãÅŠgpZ„àg™äzZÑê�y2002âYZ¤/p Xiv

2002âYJ-¹‚’k,~ñZŠ‚tW[åXZk6,i»xÑzqƒ**!*¹åXMeezan Bank, Paksitan's first and largest Islamic bank has been

awarded for 2009 by Islamic finance(41) is pioneers of Islamic

banking in Pakistan and its operations as an investment from march

2002.(42)

~‚w30X2002~Zsò 0*Îy~ZsòYg~»wZ•ð@*¯uìXZ#0*Îy


ŒÛd$ƒ` 12% ¸pZ[ 2% Yg~»W¸iƒZZÎ‰ÜZsòYg~Æù¦ZU*XY]½ã�X)34(Zq-qDg7gÆ_.

Islamic Banking is grwoing rapidly in Pakistan with 649 branches of

dedicated Islamic Banks and Is lamic banking sections of

conventional banks. Their assets base is approximately Rs: 366

Billion while their. deposit base is approximately Rs: 383 with a

grwoth rate of around 55% and the share of Islamic banks in the

overall banking system stands at 5.9% approximately.(44)

Total Islamic Banking Branches

54C

Islamic Bank: FY04 FY05 FY06 FY07 2007-08 (RS. Million)

2008-09

Assets of the Islamic Bank:

Deposits of the Islamic Bank

Share in Banks Assets

Share in Bank Deposits

44143

30185

1.40%

1.25

71493

49932

2.10%

1.90%

119294

83740

2.90%

2.80%

205212

146945

4.20%

4.10%

200415

141933

4.10%

3.90%

271,084

198,049

5.30%

5.20%

(46)


74( )

Financing Produets by Islamic Banks (%age)

Mode of Financing 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09

Dec

Murabaha:

Ijara

Musharaka

Mudaraba

Diminishing Muskaraka

Salam

Istisna

Qarz/Qarz-e-Hasna

57.4

24.8

1

5.9

0.7

0.4

44.4

29.7

0.8

14.8

1.9

1.4

48.4

29.7

0.8

14.8

1.9

1.4

38.9

25.4

0.9

0.3

25.1

1.4

0.9

38.7

24.2

1.3

0.2

24.8

1.6

2.4

40.7

22.3

2.1

0.2

29

1.6

2.9

others 9.8 3 3 7.1 607 1.1

(48) Source: SBP

)94(


ZyÅYCìIslamic banks had hoped to capture about 12% of the total banking

sector in Pakistan by 2012 but now seems like a distant furge.(50)

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jZ!Y]zjZÙZÑÅx6:95 )1(

Dawn Karachi 82 Janâ 1102Y )2(&Š?ÔRDµVÅZsxŠ#ÔDz²Ãy"5Ó½lç FEIEÑƒgÔm:702X )3(�á@"ÔZ%MÔZsxZzg¬@ZðÔ©g"5Òlç FEIEÑƒgÔm:222X122X )4(™Št·ZŒÔZsòÂxÆ»2LLšÎŠYg~óógzi**)kB6ZÆ',2991YâX )5(·Z-[ÔŒÛçVÅkBÔZ³}.ZxZÅWyÑƒgÔ6002Ôm:21X )6(:Yñgî:Yñâ0+yÔ¢[ñð81âga0102YX )7(°**ygŸYZjykBW>zW‚ÔƒzZëZŠZzgpygm,~ÆWJ‚wÔgzi**)kB�}G+X )8(¸zÃÔ�Ûzg~0102Y6¤/Z’ZsxW!*ŠÔm:5X )9(pgæZ£ÔPZzg0*ÎyÆçÙ)bÔF,)yZÅWyÑƒgÔ�Ñð0102YX )01(Ww/Zy3:031X )11(Z1ŠZƒŠÑy0Z^šï IGÔòZ!ŠZƒŠÔÂ[ZÉ43ðEGqÔ!*[°ZÀZ°!*ñ²Ôg¶Z�g$3333ÔŠZgZsxí )21(zÂ±Ô9991YX

úŠ;Ô"5½5ë EEEYZzgÃgyZÞâÔm:12X )31((14) www.wikipedia.org.wiki/Bank-grom,google.com

úŠ;Ô"5½5ë EEEYZzgÃgyZÞâÔ„â�á{2+ggzegZzf~1591YÔm32X )51((16) John. L. Esposito, The Oxford Dictionary Of Islam, Oxford University press,

2003, P: 53

Zz™sZ£ÔZsòYg~ÔZXkWs0*ŒZSm,ZsxW!*ŠZÆ',2991YÔm:52X51X )71(


·Z™xÔZsòYg~Zq-Zë7gÄÔF,)yZÅWyÑƒgÔ�Ñð6002YX )81(Zë„ÏÔ¬@ZsòšªxÅ§s7gÄÔF,)yZÅWyÑƒgÔâÞ9002YX )91(LLEizq-óóÑg{2ÔâÞ9002YÔfZ!çgs_™ZcÔ`:2Ôm:22X )02(

(21) www.bankeralmanic.com, 9Oct, 2010

(22) The Nation 27th Jun, 2010.

gzi**)0*ÎyÔ4#9002YX 42X gzi**)âZñz‰ÜÑƒg9�Ûzg~1102YX )32(·Z-[ÔZsòâ1]ÔZsòYg~ZßwzrÔgÃ{ZÚD-Eg;ÔZsxW!*ŠÔ0102YÔm:116 )52(Zs )62(

(27) The Daily Time 24th March, 2010.

3zF,ÀÔf‰Zsò"5½5ë EEEYwôpì?kB32ŠcÔ9002YX )82((29) Prof. Rodney Wilson Islamic Banking in the United Kingdom Bussiness

Recorder 29th Jan, 2007.

Zë„ÏÔ¸g]~šÎŠYg~ÔF,)yZÅWy�Ûzg~0102YX )03(gzi**)kBÔ2�y7002YX )13(

(32) Noor Ahmed Memon, Islamic banking present and future challenges

Reviewed, www.americanchrionical.com.articalview9168823-10-2010

3zF,Àf‰c‰Zsò"5½5ë EEEYwôpì?âx)ÃbIe}™Zc†g~0102YX )33(gzi**)0*Îy4#Ô9002YX )43(

(35) www.wikipedia.org/wiki/islamic/bankingreviewed at 30th April 2011

gzi**)0*Îy4#Ô9002YX )63((37) The Down.25-01-2010

(38) B a n k i n g 2 0 1 0 P D F c h a r t s 7 - 8 p a g e s c i t y u . k f r o m

ww.wikipedia.org.wiki/Bank-grom,google.com

(39) Bussiness Rcorder of April, 2011.

Eizq-Ñg{2ÔâÞ9002YfZ!çgs_™ZcÔ`:2Ôl:22X )04((41) The Nation 19-3-2010.


(42) Business Recorder, 18-04-2010

0*ÎyÔ41âgaÔ1102Y )34((44) the Nation 26-06-2010 ; Business Recorder 11-12-2010

(45) Business Recorder 11-12-2010

(46) Pakistan Economic Survey 2008-09 by Government of Pakistan Finance

Dev economic

Advisorywin Islamabad , P81

* Fy= Fiscal year


(48) Pakistan Economic Survey 2008-09 by Government of Pakistan Finance

Dev economic Advisorywin Islamabad , P81

** Financing / For Islamic Banking Institutions the World Financing has

been used instead as advanses due to the difference in conventional and

Islamic bank used mods of Transaction


(50) The Tribune 28-7-2010

·Z-[ÔZsòâ1]ÔZsòYg~ZßwzrÔm:826X )15(ZÏÔm:526 )25(Zë„ÏÔ¬@ZsòšÔªxÅ§s7gÄÔF,)yZÅWyâÞ9002YX )35(Z»â�52�yÔ9002YX )45(²Ãy-ŠÔ¬@â1CdZyÅñ�ŠÏ~ZsòYg~ÆaôpìÔgzi**)0*Îy4#Ô )55(9002YX/½Z»g~ÔZsòâMzÃÑ÷šÔµ/¿Ô…4âgLZgŠz!*iZg™Zcm9002YX )65(

////////////


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