Research on Innovative Models of Islamic Banking Product for Pakistani Farmers
Islam being a complete code of life prohibits interest or rent on money in form of money as a source of income or profit. The objective of this paper is to propose the potential application of an Islamic banking product as a substitute financial product for the agriculture sector of Pakistan. Previous studies and economic data available by State Bank of Pakistans web site reveal that agriculture income represents only up to 60 percent of the income of an average farm household. Nearly 70 percent of farmers depend upon the credit market for their necessities. Purchase of agri-inputs, hiring workforce and machinery are their important necessities for a farmer, which require cash. Most of these needs are financed by the middlemen who also buy the crops from farmers. This paper attempts to present applicable models of Islamic Banking keeping in view Pakistani agri-sector, by applying innovation and can be of importance for strategic decision making of Islamic Financial Institutions.
Haroon Rasheed Muhammad Mudassar
School of Management,Wuhan University of Technology,Wuhan,P.Rchina,430070 School of Economics,Wuhan University of Technology,Wuhan,P.Rchina,430070
国际会议
The 7th International Conference on Innovation and Management(第七届创新与管理国际会议 ICIM 2010)
武汉
英文
562-567
2010-12-04（万方平台首次上网日期，不代表论文的发表时间）