Abstract
Islamic banking with the passage of time is acquiring impetus.
Many local and international banks have started to open separate
Islamic banking branches and windows to cater the needs of
customers who are interested in shari’ah approved products.
Islamic banking system is facing a good competition from
developed conventional banking system in products and services.
With the passage to time the awareness of Islamic banking and
its products is improving substantially. The purpose of the
study is to understand the practical procedure of currency salam
transaction in Islamic banks. Methodology of this paper is
quantitative research. For this 60 questionnaires were
distributed among bankers dealing in currency exchange
transactions in Islamic Banks, out of which 52 respondents were
received and used. The content and descriptive analysis
techniques were employed to analyze the data. The SPSS software
is used to anlayse the data collected by questionnaire. The
study supports the literature and according to data almost 71%
respondents of Islamic banks believe that salam transaction is
practically implemented in selected Islamic banks.
Syed Muhammad Hassan Bukhari, Dr. Muhammad Junaid Sharif. (2018) PRACTICAL APPLICATION OF CURRENCY SALAM TRANSATION IN ISLAMIC BANKING- A CASE STUDY OF PAKISTAN, Epistemology: Journal of Islamic Studies, volume 5, issue 5.
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