اسلامی بینکنگ کے تناظر میں روایتی اسلامی اصولوں کی پابندی پر تنقید: ایک تحقیقی مطالعہ

Abstract

This study critically evaluates the adherence of Islamic banking to traditional Islamic principles and its challenges in modern financial systems. Rooted in Shariah law, Islamic banking prohibits riba (interest), encourages equitable risk-sharing, and emphasizes partnership-based transactions such as mudarabah (profit-sharing), musharakah (joint ventures), and ijarah (leasing). These principles aim to create an ethical and socially responsible financial framework. However, the practical implementation of these principles often encounters significant obstacles. Legal and regulatory complexities, varying across jurisdictions, challenge the seamless integration of Shariah-compliant practices. Additionally, the global financial system's reliance on interest-based and debt-financing models creates structural misalignments that can place Islamic banks at a competitive disadvantage. The study also highlights the pivotal role of consumer awareness in the growth and adoption of Islamic banking. Limited understanding, insufficient education, and public skepticism hinder the effective dissemination of Islamic banking services, even for institutions striving to uphold strict compliance with Shariah principles. Through a balanced critique, this research acknowledges the efforts and innovations within Islamic banking while addressing compromises that may dilute its foundational values in pursuit of competitiveness. The study concludes with actionable recommendations, such as enhanced Shariah board training, regulatory collaboration, and robust consumer education initiatives. These measures aim to bridge the gap between Islamic principles and modern financial practices, ensuring the sustainability and ethical integrity of Islamic banking in the global financial landscape.