Browsing by Author "Farrukh Ijaz"

Now showing 1 - 4 of 4
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    The determinants of the Pakistan Islamic banking industry profitability: panel evidence
    (Islamic Banking and Finance Review, 2015) Farrukh Ijaz; Anum Akmal; Syeda Hameeda Batool Gillani
    The financial sector plays an important role in the economic and fiscal development of a country. A well-built and vigorous banking system is a precondition for the sustainable financial growth of a country. Over the past few years, Islamic banking industry of Pakistan has been facing many problems and challenges to maintain the financial stability. To overcome this issue, it is vital to classify the factors that mostly impact the overall profitability of Islamic banks in Pakistan. Two models were used alternatively for ROA and ROE as dependent variable. A set of internal factors were considered as independent variables including: bank’s size, gearing ratio, operational efficiency, asset management and capital adequacy ratio for the time period 2006-2013. The results indicate that different measures of profitability depend upon different bank specific factors. The study found that profitability of Islamic banks depends on the leverage ratio, operating efficiency, asset management and bank size. Further research can be extended to explore the above findings and to include some other internal factors such as general bank charges, doubtful loans or reserves ratios, and external factor such as GDP, exchange rate and CPI as well.
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    Factors Determining the Selection of Capital Budgeting Techniques
    (UMT, Lahore, 2014-09-24) Farrukh Ijaz
    Purpose: The main purpose of this research study is to determine the factors that play an important role in the selection of a particular capital budgeting techniques. The study determines the factors that an investor considers significant in the selection of capital budgeting techniques. Methodology/Design/Approach: A primary data based study of 92 firms has been conducted to find the determinants of capital budgeting techniques selection while considering financial and non financial factors. The financial factors include company size, growth rate and capital expenditure, whereas non financial factors include project life, industry, management demographics, competition in the industry, environmental uncertainty and risk. Findings: The study concludes that firm’s decision maker’s considers both financial and non financial factors (except leverage level and company age) while selecting capital budgeting technique. Small firms usually rely on a one capital budgeting technique and therefore, mostly don’t consider the non-financial factors like company age, competition and demographics. Research Limitations: The study takes the data of the listed and non-listed companies that are operating and having their offices in the region of Lahore. Managerial Implications: The study assist investor’s and decision making authorities of domestic and international firms to have a better look of taking capital budgeting decisions. This research also enables a broad and rich overview of capital budgeting techniques used for investment projects within the Pakistan. Originality/Value: Most of the operational issues and factors of capital budgeting methods leading to its long term sustainability and selection are brought under discussion. First comprehensive study has been conducted on factors determines the selection of capital budgeting techniques within the Pakistan.
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    Factors determining the selection of captial budgeting techniques
    (University of Management and Technology, 2014) Farrukh Ijaz
    Purpose: The main purpose of this research study is to determine the factors that play an important role in the selection of a particular capital budgeting techniques. The study determines the factors that an investor considers significant in the selection of capital budgeting techniques. Methodology/Design/Approach: A primary data based study of 92 firms has been conducted to find the determinants of capital budgeting techniques selection while considering financial and non financial factors. The financial factors include company size, growth rate and capital expenditure, whereas non financial factors include project life, industry, management demographics, competition in the industry, environmental uncertainty and risk. Findings: The study concludes that firm’s decision maker’s considers both financial and non financial factors (except leverage level and company age) while selecting capital budgeting technique. Small firms usually rely on a one capital budgeting technique and therefore, mostly don’t consider the non-financial factors like company age, competition and demographics. Research Limitations: The study takes the data of the listed and non-listed companies that are operating and having their offices in the region of Lahore. Managerial Implications: The study assist investor’s and decision making authorities of domestic and international firms to have a better look of taking capital budgeting decisions. This research also enables a broad and rich overview of capital budgeting techniques used for investment projects within the Pakistan. Originality/Value: Most of the operational issues and factors of capital budgeting methods leading to its long term sustainability and selection are brought under discussion. First comprehensive study has been conducted on factors determines the selection of capital budgeting techniques within the Pakistan.
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    Role of Islamic financial institutions in promotion of Pakistan halal food industry.
    (Islamic Banking and Finance Review, 2016) Syeda Hameeda Batool Gillani; Muhammad Mahmood Shah Khan; Farrukh Ijaz
    Halal has become a universal sign for quality assurance and standard of living. The world market for halal goods and services is rising into influential energy in the pitch of world commerce and finance. Halal products industry have market share of over US$ 3 trillion annually, and rapid growth is expected in forthcoming years. The aim of this study is to survey the potential and expectations of Pakistani halal food producers, financial institutions, government, NGO‟s and advisory services anticipate in promoting Pakistan halal food industry as potential halal food hub. The study suggest that Pakistan have abundant opportunities to unlock new business potentials by catering to the financial assistance, government support and NGOs services to the halal economy stakeholders. This study also explores upon the growth determinants and prospects of the Pakistan halal industry that Islamic finance institutions, government and NGOs offer to hold up businesses in the world halal industry.