Islamic Banking and Finance: Fundamentals and Contemporary Issues

Mahmood Ahmad

Table 18: Possibility of Loss of Deposit is not Detrimental to Deposit
Mobilization
Causes Bankers Customers Total
a) PLS system of banking does not lead
to loss of value of deposit ultimately.

49% 36% 43%

b) It is realized profit of investment

which makes return on bank deposit

Halal.

17 23 20

c) A true Muslim is not concerned about

deposit loss, because he expects

Haven in the life hereafter.

13 15 14

d) It does not mean total loss of deposit. 21 26 23

Source: Field survey data, 1998. Note: Figure indicates the percentage of total.

Table 19: Present Modes of investment of Islamic Banks are Compromised
Modes of Financing with Interest
Causes Bankers Customers Total
a) Both gives same effect on business
results

78% 56% 67%

b) Both are justice ([adl) and Welfare

(ihsan) free.

9 13 11

c) Both are working side by side. 7 14 11

d) Both are working in the same value

loaded society.

6 17 11

Source: Field survey data, 1998. Note: Figure indicates the percentage of total.

Table 20: Moral Uplifting of the Society Will Pave the Way for Islamic
Banking
Causes Bankers Customers Total
a) Islamic banks cannot work well in
an immoral society.

62% 56% 59%

b) False values of life give detrimental

environment to Islamic Banking.

8 13 10

c) Governmental power can change

the social values.

18 17 17

d) Governmental reformation

measures are powerful to build a

moral society.

12 14 13

Source: Field Survey Data, 1998. Note: Figure Indicates the percentage of total.