Highlights of Net-Zero Banking Alliance 2024 Progress Report

When joining the Alliance, each member bank voluntarily commits to independently setting, disclosing, and reporting on their progress towards science-based de-carbonization targets, as data and methodologies allow. These individual targets aim to align portfolios to pathways that limit global warming to 1.5°C above the pre-industrial global average temperature, in line with the goals of the Paris Agreement. The Guidelines for Climate Target Setting for Banks outline eight key sectors: power generation, oil and gas, coal, transport, iron and steel, cement, commercial and residential real estate, and agriculture.

Rate this:

Insaan Ki Kahani by Abu Yahya

The documentary presents historic and scientific information that is easy to understand and taken from authentic and established sources. Instead of over-arguing the case for religion from science and unproven archaeology and historical records, it limits the attention to focus on Qur’an, established scientific facts, established archaeological evidence and universally well-established historical records. In essence, it seeks to bridge the gap between faith and reason, presenting Islamic teachings in a modern and engaging way.

Rate this:

Moral Reflections on Economics, Vol 5, Issue 4

April 2025 issue (Vol 5, Issue 4) of Moral Reflections on Economics features

Introduction and Review of the Documentary Insaan Ki Kahani by Abu Yahya

Highlights of Net Zero Banking Alliance Progress Report by Muhammad Hammad

Article on Towards Understanding Riba by Hifz Ur Rab

Book review of Divine Whispers by Mujeeb Haqqie

Research paper in focus on Financial Stability by Dr. Hassan and Dr. Noureddine

Reflections on Self-Help Books

Regular sections of market news, economic and financial indicators and call for papers.

Rate this:

Towards Understanding Riba

Riba is one of the most widely discussed issues around Islamic finance. It has many dimensions, but we will confine ourselves to specific issues of Riba al Fadl and Riba in loans. To achieve the objective, we must define Riba in contemporary terminology. Let us explain it for loan of an amount of money. We need to know whether Riba is nominal excess (nominal interest) or real excess (real interest) or something else.

Rate this:

جناب جاویداحمد غامدی صاحب کی معاشی آراء کا جائزہ

اس مختصر مضمون میں محترم جاوید صاحب کےمعاشی افکار پر کچھ اشکالات پیش کیے جاتے ہیں،  خاص طور پر وہ اشکالات جو بینکنگ سے تعلق رکھتے ہیں۔ اپنے ان افکار کا خیال انہوں نے اپنی کتاب میزان کے قانون معیشت اور چند مضامین میں بھی کیا ہے جو ان کی کتاب مقامات میں چھپے ہیں۔ اس کے علاوہ الیکٹرانک اور سوشل میڈیا میں اورعوامی اجتماعات سے گفتگو کرتے ہوئے بھی ان افکار کا اظہار کیا ہے۔ چونکہ یہ پیچیدہ اور اطلاقی مسائل ہیں، اس لیے ممکن ہے اس میں اختلاف رائے اور اختلاف فہم پایا جائے۔ ایسا بھی ضروری نہیں کہ ایک دفعہ کے غور و فکر اور مشاہدہ و مطالعہ سے مسائل کی جڑ اور حل تک کامیابی سے پہنچا جاسکے۔ یہ بھی ضروری نہیں کہ ایک شخص ہی اس ساری تحقیق کو انجام دے یا اس کا ذمہ اٹھائے۔ چنانچہ تبادلہ خیال اور ایک دوسرے کے افکار کا جائزہ لینے میں قباحت نہیں بلکہ اس سے غلطی سے بچنے اور مسائل کے حل تک پہنچنے کا زیادہ امکان ہے۔ اس امید پر یہ چند اشکالات بصد احترام مزید غوروفکر کے لیے پیش کیے جاتے ہیں۔

Rate this:

Highlights of Global Risk Report 2025

Global trade relations are tense and there is a risk of unpredictable and potentially sharp changes in trade policies worldwide. Geo-economics confrontation (sanctions, tariffs, investment screening) ranks #3 for current (2025) risks according to the GRPS and #9 over a two-year horizon. This comes after trade tensions have already been rising steeply since 2017. According to Global Trade Alert, the number of harmful new policy interventions per year rose globally from 600 in 2017 to over 3,000 in 2022, 2023, and 2024.

Rate this:

Limitations of Mainstream Economics

The mainstream economics we know now is an even more perverted version of Smith’s work. In an earlier book ‘The Theory of Moral Sentiments’, he argued that societal and moral sentiments are important to exercise self-control. He also believes that government should be necessary in supporting the moral framework such as providing education to the poor. This part of his work is generally ignored in mainstream economics framework while the idea of self-interest shines eminently.

Rate this: