Comparative Analysis of Conventional Banking and Islamic Banking in Pakistan

Nouman Nasir
Amjad-ur-Rehman
Muhammad
Keywords:
Abstract:

Globally, Islamic banking is becoming more prevalent. Islamic banking was just a theory half a century ago. Still, it is now a reality in Muslim nations in the Middle East, the United Kingdom, and the United States of America. Islamic banking must do the same because a company's ability  to satisfy its customers is a prerequisite for success. Conventional and Islamic banks collaborate to optimize profits and customer happiness in this nation. As customers may now choose between Islamic and traditional banking (or conventional and Islamic), banks face new challenges. Banks must provide various services and tactics to keep and gain new clients. According to the findings of this research, customers are equally satisfied with traditional and Islamic banks due to descriptive analysis. Using a well-designed gender-based questionnaire, we gathered data from Islamic and conventional Pakistani banks. Males and females were polled for information. That Islamic banking is competing with a long-established mainstream financial system is encouraging. Keywords: Islamic banks, Conventional banks, Customer Satisfaction, Gender

Author Biographies:
Nouman Nasir

Amjad-ur-Rehman

Muhammad


Date Published:

Last Modified: 2023-04-01 11:49:16