3.3.3 ISLAMIC BANKING IN PAKISTAN ............................................................................................................... 68 3.3.4 ISLAMIC CAPITAL MARKETS IN PAKISTAN .......................................................................................... 73 3.3.5 TAKAFUL (ISLAMIC INSURANCE) IN PAKISTAN ................................................................................ 78 3.3.6 POLICY RECOMMENDATIONS ..................................................................................................................... 82 3.4 CASE STUDY: SUDAN ............................................................................................................................... 84 3.4.1 SUMMARY ............................................................................................................................................................. 84 3.4.2 INTRODUCTION ................................................................................................................................................. 84 3.4.3 ISLAMIC BANKING IN SUDAN ...................................................................................................................... 87 3.4.4 ISLAMIC CAPITAL MARKETS IN SUDAN ................................................................................................. 92 3.4.5 TAKAFUL (ISLAMIC INSURANCE) IN SUDAN ....................................................................................... 99 3.4.6 POLICY RECOMMENDATIONS .................................................................................................................. 102 3.5 CASE STUDY: TURKEY ......................................................................................................................... 104 3.5.1 SUMMARY .......................................................................................................................................................... 104 3.5.2 INTRODUCTION .............................................................................................................................................. 105 3.5.3 ISLAMIC BANKING IN TURKEY ................................................................................................................ 108 3.5.4 ISLAMIC CAPITAL MARKETS IN TURKEY............................................................................................ 112 3.5.5 TAKAFUL (ISLAMIC INSURANCE) IN TURKEY.................................................................................. 114 3.5.6 POLICY RECOMMENDATIONS .................................................................................................................. 116 3.6 CASE STUDY: BANGLADESH .............................................................................................................. 117 3.6.1 INTRODUCTION .............................................................................................................................................. 117 3.6.2 ISLAMIC BANKING IN BANGLADESH .................................................................................................... 117 3.6.3 ISLAMIC CAPITAL MARKETS IN BANGLADESH ............................................................................... 123 3.6.4 TAKAFUL (ISLAMIC INSURANCE) IN BANGLADESH...................................................................... 125 3.6.5 POLICY RECOMMENDATIONS .................................................................................................................. 129 3.7 CASE STUDY: OMAN.............................................................................................................................. 136 3.7.1 INTRODUCTION .............................................................................................................................................. 136 3.7.2 ISLAMIC BANKING IN OMAN..................................................................................................................... 137 3.7.3 ISLAMIC CAPITAL MARKETS IN OMAN................................................................................................ 143 3.7.4 TAKAFUL (ISLAMIC INSURANCE) IN OMAN ...................................................................................... 144 3.7.5 POLICY RECOMMENDATIONS .................................................................................................................. 147 3.7.6 INDUSTRY CONSTRAINTS .......................................................................................................................... 149 3.8. CASE STUDY: MALAYSIA .................................................................................................................... 151 3.8.1 SUMMARY .......................................................................................................................................................... 151 3.8.2 INTRODUCTION .............................................................................................................................................. 152 3.8.3 ISLAMIC BANKING IN MALAYSIA............................................................................................................ 153 3.8.4 ISLAMIC CAPITAL MARKETS IN MALAYSIA....................................................................................... 156