DefinePK

Abstract

Islamic financial industry is showing remarkable growth and has earned confidence of both investors and the creditors. Conventional banks are converting their business into Islamic around the globe and Pakistan is much ahead in this regard since it has to convert all its conventional banking into Islamic. This study is about the conversion of Faysal Bank which the largest conversion globally rated by ‘first of its scale’ by IIRA and AAOIFI. Finding of the study are that conversion effect deposits positively also the bank is performing far better than before conversion.