Tag: AAOIFI

Islamic Finance and Blue Sukuk Can Unlock Pakistan’s Maritime Century: Financing the Blue Frontier

Graphic reading “Islamic Finance and Blue Sukuk Can Unlock Pakistan’s Maritime Century” with ocean industries and financing stakeholders.

International capital markets are increasingly prioritizing ocean health. According to the World Bank, the blue bond and blue Sukuk market has expanded exponentially, with global issuances surpassing billions of dollars to fund conservation, sustainable aquaculture, offshore renewable energy and green port infrastructure [2]. That blindness in Pakistan is finally beginning to lift. The Ministry of Maritime Affairs’ Maritime @100 vision, aiming to transform the economy into a $100 billion contributor by 2047, and the National Fisheries and Aquaculture Policy 2025–2035 represent important steps [3].

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How Diverse are Shariah Supervisory Boards of Islamic Banks?

This study aims to examine diversity in the composition of Shariah supervisory boards (SSBs) of Islamic banks (IBs). It investigates diversity from two perspectives: existing composition of SSBs and the regulatory frameworks and standards of selected Organization of Islamic Cooperation countries. Diversity characteristics include education, nationality, gender and age.

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IEP Forum on FSC Verdict on Riba – Experts View – Dr. Rizwan Malik

Islamic Economics Project is making a humble effort to collect the views of Shari’ah scholars, regulators, practitioners, lawyers and academic experts to deliberate on the future course of action and generate ideas and debate on how to make this transformation possible. In this regard, we got the chance to get reaction and response from Dr. Rizwan Malik. We hope that the views expressed and shared with relevant audience and stakeholders will generate practicable ideas and keep the momentum towards achieving the end goal of an economy that is in compliance with Shari’ah and is able to utilize the instruments and institutions in the Islamic economic teachings.

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The Economic Reality of Islamic Banks’ Transactions: A Qualitative Inquiry

This research paper examines the need for distinct accounting standards for Islamic finance. It collects primary data through interviews of respondents who are affiliated with a bank. It provides analysis in the light of this statement by International Accounting Standards Board “In assessing whether an item meets the definition of an asset, liability or equity, attention needs to be given to its underlying substance and economic reality and not merely its legal form”.

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