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.
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.
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.
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.
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.
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.
“This article shows the contrast between humanitarian catastrophe being experienced in Gaza and the lofty goals to which commitment is articulated and progress is monitored in UN SDGs. Let us see what each goal yearns for and what the reality in Gaza is at the moment concerning these goals.”
January 2024 issue of Moral Reflections on #Economics is online. It features article on UN #SDGs and #Gaza Crisis, Highlights of Multidimensional #Poverty Index Report 2023, IEP Public Poll results on Economic Boycott, book review of #Islam and Economic Security by Yousuf Qaradawi, research paper in focus on #Halal tourism by Dr. Punit and regular sections of reflections, #news, economic and financial indicators and call for papers. Download for free.
Is Conventional Mortgage Halal? کیا روایتی مارٹگیج حلال ہے؟
Islamic worldview does not oppose the use of various tools for obtaining useful knowledge and then using that knowledge for material ends both at an individual and societal level. When one reads Quran, Allah is again and again inviting people to ponder over their creation, environment, ecology, design, variety and balance in the organization of matter in the universe in order to decipher the meaning of life amidst all these manifestations. Question of ‘why we exist’ is the focus of Islam. Question of ‘what exists and how’ is the focus of science. Thus, Islam and science are parallel rather than perpendicular to each other.
Islamic Economics Project 