Comments by Khaleequzzaman: 10 March 2012
I have reviewed the proposal. the research questions may be enhanced by the students including the following.
· Whether shariah compatibility can be used as yard stick for measuring shariah compliance? If so, what common criteria can be used, AAOIFI or any other like shariah maxims relating to financial transactions.
· Whether central banks of both the countries provide Islamic financial regulations for Islamic banks (SLR, CRR, Lender of last resort, etc.) ?
· Whether Islamic financial environment is available in respective countries (capital market, money market, Islamic stocks, and other investment instruments)?
· How the benchmark for determination of profit rates is worked out? Is it the conventional one like LIBOR referred for the purpose or the countries have developed the Islamic benchmark?
The objective of research has been given like this:
Therefore the aim of this research is to measure the performance of Islamic banks across the borders.
It looks advisable that the objectives should be drawn in clear language which should reflect the purpose of study to compare the two banking systems. Further the use of logit regression may be detailed as to how the objective of comparison will be achieved with reasons of choosing this method.
Efficiency of Islamic banks in Iran and Pakistan: A comparative Study
By
Muhammad Javeed Akram
37-SE/MSIBF/F-10