Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/246610 
Authors: 
Year of Publication: 
2019
Citation: 
[Journal:] Future Business Journal [ISSN:] 2314-7210 [Volume:] 5 [Issue:] 1 [Publisher:] Springer [Place:] Heidelberg [Year:] 2019 [Pages:] 1-15
Publisher: 
Springer, Heidelberg
Abstract: 
The purpose of this study is to determine the impact of products and services of Islamic finance in Pakistan. This study has involved an empirical analysis of the environmental factors of growth and its impact on the growth of Islamic Financial Institutions. To investigate the factors of growth, a structural equation model develops that incorporates the main determinants of growth of banking assets and equity funds. The growth in the Islamic equity funds and banking assets has been identified as definite antecedents of growth in the Islamic financial system. The empirical investigation by the structural model using Pakistani dataset revealed that four out of ten hypotheses were significant including two direct paths as antecedents of annual growth. This study provides empirical support for the influence of some development factors to control the barriers of growth in the Islamic finance industry. This paper allows the identification of the major development factors of Islamic financial system that takes into account the importance of operational strategy and environment for the growth of Islamic equity funds and banking assets.
Subjects: 
Structural equation model
Ethical finance
Islamic financial system
Islamic products and services
Growth
Islamic banking
Islamic equity fund
Pakistani finance
JEL: 
G10
G14
G15
G17
G21
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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