Banking anking sector has immense important for the growth and economic development of a country.
In 1980 initial steps were taken by the State Bank of
The Role of education is crucial in every aspect of life. Education gives us knowledge and enhances our perception and our point of view about things in the right way. Education makes a person capable to do things right. It is quoted that "Education is that whole system of human training within and without the school house walls, which molds and develops men".
As we have discussed earlier that most of the people think that there is no concept of Banking in Islam. Let's agree that concept of Banking is not prescribed in Quran and Hadith but the other comprehensive source which lay out the foundation of Islamic banking is there. Shahriah provides the guide line about conducting business in fair way. Awareness of Shahriah roles and their compliances is necessary to promote Islamic banking in
Ulemacan play their important role in the development of Islamic banking. They can create awareness in people about Islamic banking. They can take steps in the elimination of riba, and this is their religious obligation as well totell the people how strictly riba is prohibited in Islam.Ulema should give the reference to the Quran and Hadith to people.
Awareness of Islamic banks can be created with the help of media campaign. People can be encouraged to deposit their savings in the banks. Most of the people have spare money and they could not deposit their money in the banks. Such saving remains idol unless it would be invested in productive purpose. If people deposit their saving in the banks it creates capital formation which leads to employment opportunity in the country.
At the end considering to the current scenario we would say that the consumption of the Islamic banking could be high, if the awareness about Islamic banking is created among the public. But due to misconception and lack of awareness about the industry is not achieving its optimum level.
However for 10 years industry is growing rapidly. Growth rates can be increase by proper marketing and five years growth plan with the collaboration of state bank of
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