Involvement of Women in Islamic Finance in Pakistan

Abstract

The purpose of the study is to explore challenges facing by women and avenues of future prospects available for women in Islamic finance in Pakistan. To achieve the purpose of the study, in-depth interviews from women working in academia and industry associated with Islamic finance were conducted through purposive and snowball sampling. The findings revealed that women prefer to earn HALAL money as a source of income and they have an opportunity to work in Islamic bank rather than traditional bank. Unfortunately, due to male-dominated society, women face inequalities at the workplace as well. Along with having challenges, obstacles and gender stereotype issues, women are trying to overcome the barriers. The findings of this study may motivate women to get education in order to assess their future potential in both academics and industry of Islamic finance in Pakistan. Moreover, this study draws the attention of government and regulatory agencies to develop policies that support women, and increasing the proportion of women in the Islamic finance sector.