The impact of Islamic Education among ESL Learners on Islamic Finance Industry in Pakistan

Abstract

This research article proposes to investigate the correlation between Islamic education among English as second language (ESL) Learners, Shariah rules, and the Islamic finance (IF) industry in Pakistan. The study seeks to discover the mediating role of Shariah rules in the correlation between Islamic education and the development of the IF industry. The proposed research uses a cross-sectional survey design, and the data was collected using a self-administered questionnaire from a convenience sample of IF industry professionals in Pakistan. The data was analyzed using structural equation modeling techniques. The study's findings could inform policymakers, regulators, and industry practitioners about the factors influencing the development of the IF industry in Pakistan and the importance of Shariah compliance in promoting the industry's growth. Additionally, the study could contribute to the literature on the topic and inform future research on the relationship between Islamic education, Shariah rules, and IF