In the last couple of decades Islamic banking has adapted significantly to the constraints and thus sustained and grew. This thesis aims to describe the obscured adaptations in the Islamic banking to the prevailing constraints and the outcomes of these adaptations, within the Islamic participatory financing cases as evidence. Participatory financing arrangements including Musharakah and Mudarabah are believed to be the ideal modes of financing as prescribed within extensive Islamic finance literature. Therefore, Islamic banks are, usually, expected to apply participatory financing. In practice, however, the participatory financing is not dominant, primarily, because it is constrained by its inherent uncertainty, it has weak regulation particularly related to its operations, and it has lower demand, as the thesis found in the literature. Recently, however, the makeup of financing portfolio of Islamic banks has shown significant growth in the share of participatory financing. This thesis claims that this growth is because of adaptation in participatory financing to the underlying constraints. The thesis, therefore, aims to theoretically and empirically develop a framework to conceptualize the constraints to participatory financing, the responding adaptation to the constraints, and its outcomes. Three interrelated research objectives are set for this purpose. Firstly, a typology of constraints to the participatory financing is developed through a rigorous systematic literature review and is presented as pre-empirical framework. This typology is important for understanding the adaptation to constraints and its outcomes. Ninety-one most relevant publications are analyzed as qualitative evidence for conceptualizing the constraints. Secondly, the thesis empirically described the adaptations in participatory financing to the constraints, and resulted outcomes. A multiple case-study research is designed using working capital financing (WCF), consumer financing (CF), and commodity operations financing (COF) as the cases. Thirty in-depth interviews are conducted with the Islamic banking personnel dealing in these financings, using snowballing within the cases. Related documents and observations are used too as source of evidence. The data is analyzed through Qualitative Content Analysis (QCA) process within QSR NVivo. The findings are reported as a holistic post-empirical Constraints, Adaptations, and Outcomes (CAO) framework. The CAO framework specify three broad categories of constrains, which are i) uncertainty ii), low demand, and iii) regulatory constraints. The participatory financing has adapted well in terms of i) repositioning to the market, ii) restructuring of its risk management, iii) restructuring the sharing mechanism, and iv) restructuring its operations. As outcomes, i) the repositioning and revised sharing structure has increased the demand of participatory financings, ii) the restructuring of risk management has reduced the uncertainty, andiii) the restructuring of its risk management and operations have made the participatory financing more effective within current regulations. Thus, due to these adaptations the participatory financing has become more viable and has consequently grown significantly in Pakistan. The novel CAO framework provides a base for the theoretical understanding of the current adaptation to constraints within Islamic banking, and specifies its outcomes. Moreover, it can provide bases for policy making to deal with the contemporary and future constraints to Islamic banking to ensure its sustainability and growth.
Organizational culture is defined as the underlying beliefs, assumption, values and ways of interacting that contribute to the unique social and psychological environment of an organization. There are two types of culture, i.e. Material culture and non-material culture, which had been organized and maintained according to the needs of human being. Source of the culture is originated from the product of human being’s thought. Human being itself is a unique individual whose behaviour influenced by many variations and shapes of culture in society. As for the object of organizational culture in educational institution, it included quality, achievement, and professionalism which can be developed by educational institution.
Elementary education is a fundamental right of every child and has been duly enshrined in our constitution. It is a bed-rock of the educational pyramid contributing much towards socio-economic development of a country. The government at national and regional level is trying to universalize it, but these efforts are thwarted because the system is besetting with grave disparities in the provision of physical and material facilities, male and female education, urban and rural areas and other qualitative and quantitative aspects of elementary education particularly in the region of NWFP. Such problems and issues have been identified in various policies and plans by the government but the situation has not sufficiently improved. If elementary education has been expanded, its quality still suffers for various reasons. The phenomena of wastage in terms of dropouts, repetitions and failures still prevail which obstruct the goal of universal elementary education. Now the question arises as to what changes and improvements have been made so far? What disparity still exists between the urban and rural schools, and what priority was given by the government to the development of urban and rural schools? These are some of the questions that have necessitated a thorough investigation into the problem. The study is guided by the objectives of analyzing in depth the policy initiatives, specific situation leading to disparity between male and female education and between urban and rural elementary schools. The study also propose a long range action plan (2001-2015) for universalization of elementary education, provision of teachers, development of infrastructure and availability of financial resources. The study conducted is expected to contribute with respect to influencing the policy of the government by providing guide-lines to all concerned regarding development of elementary education in the region. It is also expected to provide a rationale for equitable distribution of physical and financial resources for the development of elementary education. The study will hopefully facilitate thexx implementation of a long range perspective plan (1998-2015) in the region and will prove a useful document for researchers and other training institutions. The study is descriptive in nature. Related to quantitative aspect of the problem, which requires, statistical method. For this purpose, authentic statistical reports issued by the government both at national and regional levels have been analyzed. Two periods i.e 1995-96 and 2000-01 have been compared to ascertain the progress or deficiency of these periods. Every item collected for analysis has been worked out in percentage and interpreted accordingly. The study has also been supported by a case study in the District Nowshera NWFP. The researcher has advanced certain recommendations for bringing about reforms and improvements in the system of elementary education in the region. The areas of reforms are focused on bringing about qualitative and quantitative improvement to minimize wastage and to increase enrolment. Besides, improvement of physical facilities of elementary education, as a crucial problem has also highlighted. In short, the determination of government, through political commitment and liberal financial resources is a pre-requisite for achieving the goals. The same issues have also been addressed in the case study in District Nowshera, NWFP.