The Patronage of Islamic Banking: A Case Study of COMSATS University, Pakistan

Abstract

this discipline has spread to almost all Muslim and non-Muslim countries. In Pakistan, the State Bank of Pakistan (SBP) has been taking fresh steps towards developing the Islamic banking sector so that it ranks among the key international industry players. It is also closely supporting inclusive Islamic financial services by establishing centres of excellence for Islamic finance. Currently, there are five full-fledged Islamic banks in the country, and 17 conventional banks operate Islamic banking windows through a network of over 1,400 branches. It is forecasted that the Islamic banking sector will double its share in the country’s banking system by 2020.