A Sharʽiah Analysis of ʼijāra as a Financing Mode in the wake of Parallel Banking System of Bank of Khyber

The only religion Islam provides the thorough layout for human beings not only covers the spiritual needs but also shaped the materialistic desires in a better way. The most important aspect among all is the availability of proper, smooth flowing and practical financial system as it involve almost in all fields of life. Looking at the current situation and fast growing industry, Islamic Banking System emerged as solid and firm scheme for optimum utilization of finance in full conformity of Shariʽah. ʼijāra is one of the modes frequently used in Interest free banks. The Bank of Khyber claims as Parallel Banking System i.e. It practicing conventional Banking as well as Islamic Banking System. This study emphasis on analyzing the practice of ʼijāra as a financing mode in the wake of Parallel Banking system of Bank of Khyber in the light of Sharʽiah teachings and to portray the real picture of it to enhance the level of satisfaction of customer.   

The Mediating Effects of Employees’ Career Issues on the Relationships Between Organizational Learning Culture and Employees’ Perceived Job Performance

Organizational learning culture, career issues and perceived job performance have widely entangled the attention of researchers because of its academic and practical implications. The subject area has extensively been investigated, yet it still has vast potential for further research. Previous researches have studied these variables in bits and pieces. The current study consolidates these variables into one model and puts the model for validation with the empirical evidence from colleges’ teaching staff in Malakand Division. The study used a sample of 395 faculty members collected from colleges in the Malakand Division through stratified random sampling technique. The hypothesized model of the current research is an interdependence model that is why this model is evaluated through Confirmatory Factor Analysis using Structural Equation Modeling (SEM). Path diagrams have been drawn through AMOS. Findings of the current research, in major, validated the hypothesised model which have theoretical basis in the findings of the previous research regarding organizational learning culture, employees’ career issues and their positive impact on employees’ perceived job performance. These results have significant implications; including enabling researchers to enhance their understanding of these relationships as well as help policy makers to critically look into such relationships when formulating policies that affect employees’ performance. Academically, these findings enrich the existing body of knowledge on organizational learning culture and its impact via other HR interventions in the developing countries like Pakistan. Future research studies should explore other antecedents like organizational citizenship behaviour, organizational justice and organizational politics to have a more in-depth approach in the field. Some may replicate this study in other settings as well as in some other developing countries.