Publication:
Islamic Banking Opportunities Across Small and Medium Enterprises: Pakistan

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dc.contributor.authorInternational Finance Corporation
dc.date.accessioned2017-02-21T17:59:04Z
dc.date.available2017-02-21T17:59:04Z
dc.date.issued2017-01
dc.description.abstractIn recent years, banks in Pakistan and the Middle East and North Africa (MENA) region have become increasingly interested in targeting the small and medium enterprise (SME) sector and have realized that many small businesses demand Shariah-compliant banking. To provide clarity on the subject, International Finance Corporation (IFC) commissioned a study to better understand the demand and supply for Islamic banking products (both asset and liability products as well as other banking services) in the SME sector in Pakistan. This report on Pakistan reveals a new to bank Islamic funding and depository opportunity, primarily due to un-served and underserved SMEs (approximately 20 percent to 25 percent), who do not borrow from conventional banks due to religious reasons. In order to reach out to SMEs demanding Islamic products, and as part of IFC’s initiative to enhance its SME investment and advisory services offerings to Islamic financial institutions, one needed to better understand the market from both the demand and supply sides in order to identify any gaps or niches where IFC can assist and add value. IFC commissioned a study in nine countries of the MENA region, which includes Pakistan, to better understand the demand and supply for Islamic banking products (both asset and liability products and other banking services) in the SME sector. The countries chosen for this study are: (1) Iraq, (2) Pakistan, (3) Yemen, (4) Kingdom of Saudi Arabia, (5) Egypt, (6) Lebanon, (7) Morocco, (8) Tunisia, and (9) Jordan. This regional executive summary provides a comparative analysis of the SME potential across these countries and the opportunities available to Islamic institutions to tap this potential. The nine individual country reports provide a deeper insight into the SME landscape and potential opportunities for Islamic banks in each country. The reports also highlight the measures that banks may need to take to successfully target the Islamic banking potential of SMEs. For more publications on IFC Sustainability please visit www.ifc.org/sustainabilitypublications.en
dc.identifierhttp://documents.worldbank.org/curated/en/506171487156711093/Islamic-banking-opportunities-across-small-and-medium-enterprises-Pakistan
dc.identifier.doi10.1596/26098
dc.identifier.urihttps://hdl.handle.net/10986/26098
dc.languageEnglish
dc.language.isoen_US
dc.publisherInternational Finance Corporation, Cairo
dc.rightsCC BY-NC-ND 3.0 IGO
dc.rights.holderInternational Finance Corporation
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/igo
dc.subjectsmall and medium-sized enterprises
dc.subjectIslamic finance
dc.subjectbusiness environment
dc.subjectSME
dc.subjectaccess to finance
dc.subjectmicrofinance
dc.titleIslamic Banking Opportunities Across Small and Medium Enterprisesen
dc.title.subtitlePakistanen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleIslamic Banking Opportunities Across Small and Medium Enterprises
okr.date.disclosure2017-02-15
okr.doctypePublications & Research
okr.doctypePublications & Research::Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/506171487156711093/Islamic-banking-opportunities-across-small-and-medium-enterprises-Pakistan
okr.guid506171487156711093
okr.identifier.doi10.1596/26098
okr.identifier.externaldocumentum090224b084944be3_1_0
okr.identifier.internaldocumentum27192637
okr.identifier.report112825
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/506171487156711093/pdf/112825-WP-PK-Islamic-Banking-PUBLIC.pdfen
okr.region.administrativeSouth Asia
okr.region.countryPakistan
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicFinance and Financial Sector Development::Financial Regulation & Supervision
okr.topicFinance and Financial Sector Development::Islamic Finance
okr.topicFinance and Financial Sector Development::Microfinance
okr.topicPrivate Sector Development::Small and Medium Size Enterprises
okr.unitSustainability Knowledge Learnin (CESSK)
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