If an economy has 10 million people, then should the food be produced and distributed to the markets for all 10 million people? Most people would answer yes. It is because food […]
Islamic banking is growing very fast, especially after the global financial crisis in 2008. There is need for more awareness and regulatory support to promote Islamic banking so as to comply with constitution of Pakistan, which clearly urged for eliminating Riba as soon as possible.
This paper aims to see which modes of financing are majorly employed by Islamic banks while providing finance to the clients. The empirical analysis shows that by and large Islamic banks use risk-shifting contracts. The use of risk-sharing based contracts is quite minimal.
The paper discusses reforms in monetary policy to reorient it towards serving the needs of real economy. It focuses on reforms that can be introduced in the transitional phase since reconceptualising the whole monetary system with a reformed outlook on nature of currency, mode of currency issue, money creation and credit creation would take much longer time and requires greater political will.
Cash Waqf has a unique feature of flexibility in allocation of economic resources for their use in redistribution efforts, in terms of cash transfers, asset transfers, skills transfer through education and productivity transfers through health services.
یہ مختصر کتاب قارئین کو مدعو کرتی ہے کہ وہ مل کر سائنس، فلسفہ اور روحانیت کے تناظر میں وجودیت کے حوالے سے سوالات کے جوابات تلاش کریں۔کتاب کا طرزتحریر محققانہ ہے۔ مصنف اپنے نقطہ نظر کو مدلل انداز میں بیان کرتے ہیں جو دلکش، بصیرت انگیز اور قائل کرنے والا ہے۔یہ کتاب روحانی اور عقیدے پر مبنی نقطہ نظر کے بارے میں ایک لائق تحسین کاوش ہے۔
This paper presents the ideas of transformative school in Islamic economics. Transformative school of thought in the methodology of Islamic economics is not that much interested in descriptive studies and improving the predictive capability of models to analyze market outcomes and to design policies accordingly. It believes in the transformation of choices through education.
This paper discusses the preconditions for the development of a pure form of Islamic finance that is Shari’ah based as well as fulfilling the higher goals of Islamic teachings, i.e. Maqasid-e-Shari’ah.
In this paper, the author had attempted to provide a systematic literature review on Waqf using two prominent research databases, i.e. Scopus and Web of Science. The author, in final analysis, analyzed 257 research documents.
It is important that in critical evaluation of Islamic banking and finance, both the perspective (economics or Shari’ah) must be clearly acknowledged and for evaluation from the Shari’ah perspective, the knowledge and comprehension gap is filled too for better mutual understanding and resolution of conflicting viewpoints.