Islamic Economics Project

Does PLS in Islamic banking limit excessive money creation?

By hammadiep on March 20, 2024 • ( Leave a comment )

Authors thinks that PLS offers a valuable resolution for banking system money creation through the optimization of Islamic bank financing by facilitating the separation of the monetary function from the credit one. This reform thought reinforces the stability value of money allowing it to fully perform its functions with reference to the directives of Sharia. This especially allows the integrity and purchasing power of money, the reduction of the gap between the evolution of both real and financial economies and, consequently, the indebtedness and crisis. Authors recommend to promote PLS financing by reforming institutional and regulatory constraints.

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Ensuring Corporate Sustainability

By hammadiep on March 19, 2024 • ( Leave a comment )

It is important to employ a balanced approach by combining mandatory reporting with penalties for non-compliance. Additionally, incentivize sustainable practices by offering tax credits to companies that surpass the required sustainability standards.

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Sustainability Lessons from Fasting

By hammadiep on March 18, 2024 • ( Leave a comment )

UN Sustainable Development Goal 12 talks about responsible consumption and production. FAO reports that one-third of the food produced for human consumption is lost or wasted globally, which amounts to about 1.3 billion tonnes per year.

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Waqf Management Through Fintech in Malaysia

By hammadiep on February 26, 2024 • ( Leave a comment )

Authors think that internet crowdfunding is positioned to assume a pivotal role in fundraising efforts catering to a diverse range of emerging Waqf needs, both domestically and internationally. Consequently, there is a pressing demand for an enhanced level of professionalism in Waqf fundraising, particularly when it pertains to the establishment of the financial mechanisms required for such endeavours.

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Roundup of 2nd Al Baraka Forum 2024

By hammadiep on February 25, 2024 • ( Leave a comment )

Al Baraka Forum for Islamic Economy in collaboration with the Islamic Chamber of Commerce and Development (ICCD) hosted the 2nd Al Baraka Regional Conference, in partnership with Al Baraka Bank Pakistan, to shed light on the crucial role of home remittances in Pakistan and their impact on sustainable development.

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Economics of Muhammad PBUH

By hammadiep on February 24, 2024 • ( Leave a comment )

This book presents the personal finance management of Prophet Muhammad (PBUH) along with economic teachings. It provides details of both the periods, i.e. period of life spent in Makkah and period of life spent in Medina.

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Liquidity Risks in Islamic Banks

By hammadiep on February 24, 2024 • ( 3 Comments )

There are various risks faced by Islamic banks in liquidity management due to the i) absence of an Islamic inter-bank market, ii) lack of Shari’ah compliant alternatives for liquidity management, both at the inter-bank and central bank level, iii) absence of liquid Islamic Sukuk both in short and long term maturities and iv) absence of Islamic discount window at the central bank level for Islamic financial institutions.

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Moral Reflections on Economics, Vol 4, Issue 2

By Islamic Economics Project on February 23, 2024 • ( Leave a comment )

February issue of Moral Reflections on Economics is online. It features article on Liquidity Risks in Islamic Banks, Roundup of Al Baraka Forum 2024, IEP Public Poll results on Cost of War in Gaza, book review of Economics of Prophet Muhammad (pbuh) by Syed Fazlur Rehman, research paper in focus on Cash Waqf in Malaysia by Zaki Ahmad, Mushtaq Ahmed & Mahvish Nawaz Mokal and regular sections of reflections, news, economic and financial indicators and call for papers.

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Halal Tourism Beyond 2020

By Islamic Economics Project on January 30, 2024 • ( Leave a comment )

Muslim population comprises one-fourth of the global population. In 2060,31.1% of the 3 billion people will be Muslims. In complying with Islamic teachings, Muslims want to have Halal options of banking, investments, food and apparel. Nonetheless, in many other product segments, there is no distinction between Halal and conventional products and services. In Fiqh-ul-Muamlaat, except Haram, other things are considered Mubah. Hence, instead of a positive Halal list, a negative non-Halal list is enough.

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Global Multidimensional Poverty Index 2023

By Islamic Economics Project on January 29, 2024 • ( Leave a comment )

The annual global Multidimensional Poverty Index (MPI), jointly published by the Human Development Report Office (HDRO) of the United Nations Development Program and the Oxford Poverty and Human Development Initiative (OPHI) at the University of Oxford since 2010, measures interlinked deprivations in health, education and standard of living that directly affect a person’s life and wellbeing. Breakdown by component indicator shows what deprivations poor people experience, which can guide the choice of poverty reduction interventions to achieve the greatest impact.

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