LEGAL CHALLENGES IN ISLAMIC BANKING AND FINANCE IN PAKISTAN: A CORPORATE PERSPECTIVE

Abstract

The primary objective of this research paper is to undertake an extensive and in-depth investigation into the intricate legal challenges that confront corporations operating within the dynamic and rapidly growing Islamic banking and finance sector in Pakistan. With Islamic finance achieving significant global and national prominence, it has become imperative to meticulously scrutinize the multifaceted legal framework governing this industry. This study will meticulously analyze the distinctive and often nuanced legal issues that corporations confront in the complex realm of Islamic banking and finance, encompassing considerations of regulatory compliance as well as the practical implementation challenges they encounter. By adopting a corporate perspective and offering a granular exploration of these legal intricacies, this research aspires not only to enhance our collective comprehension of the multifarious dimensions of the Islamic banking and finance sector but also to contribute significantly to the existing body of knowledge, thus facilitating a deeper understanding of this vital and evolving sector's legal landscape.