اسلامی بینکاری کو درپیش مسائل اور ان کا حل

Problems faced by Islamic Banking and Their Solution

Abstract

The practical difficulties in the implementation of Islamic rules and regulations in modern times are mostly faced in the field of law, trade and finance. If a person wants to make a transaction, it is necessary for him to establish a relationship with the bank. The involvement of the bank has increased in our lives that cannot be ignored. Interest is an integral part of the traditional banking system which had a negative impact on the economic system in every age. For the past few decades, the biggest challenge for the Muslim world has been to reform various financial institutions including Islamic Bank in order to bring them in line with Islamic law. This research paper aims to identify the nature, causes and conditions of problems faced by Islamic banking system and their solutions. The Analytical research methodology has been adopted in this study with qaulitative approach. The study perceives that the causes and conditions of the subject matter will be helpful for contemporary scholars in order to meet the challenges of Islamic banking. This article defines Islamic banking system and its main duties then the problems faced by Islamic banking system and their solutions have been presented.