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Banking system is the backbone of every modern economy. Role of
Islamic banking is rising in economy of different countries. Meanwhile, criticism
on Islamic finance is also rising with the passage of time. A careful review of
literature suggests that researchers are raising concerns on the way the Islamic
banking is operating closely on the lines of conventional banking. They claim that
the difference between these two banking system is only limited to documentation
level. Aim of this paper is to identify the concerns about Islamic finance industry in
literature and to provide suggestions on how to address these concerns in line with
the maq¯as.
id al-Shar¯ı‘ah.
Lakhi Muhammad, Gul-E-Rana, Irum Saba, Shahab Aziz. (2019) Maq¯as. id al-Shar¯ı‘ah, Islamic Financial Industry and Addressing the Concerns, Journal of Islamic Business and Management, Vol ume 9, Issue 2.
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