Secondly, the pre-conditions for a robust and well functioning Islamic economic system are missing in Pakistan. The Islamic moral values that emphasize integrity, honesty, truthfulness and full disclosure and transparency are not yet widely practiced by Pakistani businesses. Once these pre-conditions are established the adoption of a real Islamic economic system will lead to superior welfare outcome for the majority of Pakistani population.
How can the Islamization of the economy affect this future direction of Pakistan economy and improve the welfare of its people compared to the present system? The extensions that the true practice and application of Islamic economic model can bring about will, in fact, help in overcoming the weaknesses inherent in the capitalist model of economy.