Journal of Business Administration and Management Sciences (JOBAMS)

Influence of Fintech Adoption on Financial Inclusion in Selected Developing Economies

Aasma Usman — Tue, 30 Jun 2026 00:00:00 +0000

The study is designed to evaluate the impact of Fintech Adoption on Financial inclusion of selected developing Asian economies such as Pakistan, India, China, Afghanistan, Kenya, Nigeria, Malaysia, Indonesia and Bangladesh. In the philosophy of research we have used quantitative research design with a Positivist approach. The data for this study was acquired from WDI, Findex, UNDP and FAS. We used Panel ARDL estimation along with co-integration test, Co relation analysis, cross-sectional dependency and unit root test. This study suggests that one of the main drivers of financial inclusion in developing countries is fintech, specifically mobile subscriptions. Mobile technology makes banking services more accessible, but internet use has conflicting effects. Infrastructure for technology and inclusive design are more significant than GDP and population growth. Demographic factors like income inequality also affect access, which highlights the need for targeted and regulated fintech solutions.

Challenges and Opportunities towards an Islamic Economic System of Pakistan

Saddam Hussain, Bushra Mansoor, Hatish Kumar — Tue, 30 Jun 2026 00:00:00 +0000

An Islamic economic system has been the aspiration of Pakistan since the inception of the country till today and it has been only adopted in the financial arena without any significant change in the economy. The paper will discuss theoretical and institutional challenges and opportunities with respect to transition to Islamic economic system in Pakistan. The study contemplates the rationale behind the failure to well institutionalize the Islamic economic principles in the face of constitutional and policy compliance in accordance with the economic theory of risk-sharing, distributive justice and real-sector connection. The research design is a qualitative type, two supplementary sources of data. First, documented textual data was extensively studied such as the Islamic guidelines in Quran verses, relevant Hadith (Prophet of Islam Teachings), and classic and modern Islamic scholars' writings on Islamic principles. Secondly, semi-structured interviews were carried out with economical academicians and practitioners such as members of the State Bank of Pakistan and members of Shariah Advisory Board of the Islamic financial institutions. The findings show that upholding interest-based instruments of monetary and fiscal policy, as well as the presence of path dependence in systemic institutional change. The analysis also uncovers the socio-cultural paradox commanding by youth-driven optimism parallel with the deep-rooted investor risk aversion and low institutional trust. The paper identifies emerging opportunities arising from demographic trends, increased acceptance of shariah-compliant products, and theoretical benefits of assetbacked and risk-sharing structures that enhance financial stability; however, these opportunities are latent and conditional, requiring institutional reform and trust-building measures rather than emerging organically. This paper also contributes to literature in that it does not only remain in the discussion of Islamic banking but puts the scene in Pakistan in the broader perspective of more general arguments on economic systems, institutional economics, and theory to practice. It ends by emphasizing the necessity of an institutionally gradual and theory compatible approach in order to make a contribution to Islamic economic reform in Pakistan.

Determinants of Dividend Payout in Banking Sector: A Case Study of Pakistan

Sarfaraz Nawaz Khatri — Tue, 30 Jun 2026 00:00:00 +0000

This paper relates to determinants of dividend payout for banking sector listed on PSX. The dividend is an important element that shows the performance of the company and growth during the year. This research shows the empirical findings where twenty commercial banks have been taken into account during the period of January, 2006 to December, 2025 i.e. twenty years yearly data. There are six independent variables have to be considered like as financial leverage, investment ratio, liquidity, profitability, capital to assets ratio and size of the bank whereas dividend per share is a dependent variable. The econometric model has been used where the fixed and random effect results have been drawn and as per the Hausman test and fixed effect model is selected. The findings of the results indicate that all of the variables have significant influence on dividend payout except investment ratio as the high amount of retained earnings balance gives adverse effect on dividend payout and proved by signaling theory.

Comparative Analysis of Factors Effecting Credit Risk in Islamic and Conventional Banks of Pakistan: A GMM Based Approach

Zahir Hussain Shah — Tue, 30 Jun 2026 00:00:00 +0000

This paper examines the relation between bank-specific variables and macroeconomic indicator towards credit risk. To determine this relationship, use dynamic panel data GMM method to find which factors affecting credit risk in Pakistani banks. The panel data is collected from 4 fully fledged Islamic banks and 5 conventional banks which have Islamic business window from 2011 to 2021, taking macroeconomic variable, GDP Growth, unemployment rate and inflation rate, bank-specific variable such as diversification, capital adequacy ratio, size, return on asset and total asset with log. Credit risk is computed by non-performing finance which is dependent variable. Various techniques and econometric tools used to find which variable positively affects credit risk (NPF). In order to effectively manage credit risk, it is hoped that the findings will highlight factors affecting credit risk in Islamic banks.

Reasons For Low Preferences For Islamic Banking Among Pakistani Consumers

Muhammad Irfan, Adnan Raheem — Tue, 30 Jun 2026 00:00:00 +0000

The purpose of this paper is to attempt to investigate the possible determinants of low banking preference in Pakistan towards Islamic Finance. In this paper, the perception of consumers about Islamic banks in terms of their legitimacy and practices, and the attitude of consumers towards Islamic banks will be examined, while at the same time examining the role of religious factors on the banking decisions of consumers. The method used in this paper is qualitative research. In this paper, in-depth interviews and focus groups with Islamic banking consumers and non-consumers, and experts in the field will be conducted. Using this method, a comprehensive understanding of the perceptions, faith, and experiences of consumers about Islamic banking will be obtained. The findings of this study are that Islamic banking is perceived by consumers and non-consumers alike as not entirely interest-free. In addition, Islamic banking is perceived as not entirely based on true Islamic principles; it is perceived as symbolic in nature. Furthermore, the adoption of Islamic banking is not entirely based on religious factors; the adoption of Islamic banking is largely influenced by practical factors. This study adds to the meager literature of qualitative research on the perception of Pakistani consumers towards Islamic banking. This study would provide an in-depth understanding of the problems faced by the Islamic banking sector in the country by using information from consumers, non-consumers, and experts. This study would also provide vital information for the positioning of the Islamic banking sector, which would be highly beneficial for the banks in addressing the concerns of the consumers.