Islamic Finance News- PAKISTAN: Pakistan wants to join IsDB’s country support program
- UGANDA: Uganda Development Bank to step up lending with endorsed financing from multilateral lenders
- PAKISTAN: Habib Bank and Jubilee Life launch life Takaful product
- OMAN: Bank Nizwa signs agreement with Oman Credit and Financial Information Centre
- KUWAIT: Kuwait’s Capital Markets Authority fines Al Madina for Finance and Investment Company KWD15,000 (US$49,280.8)
- SAUDI ARABIA: Mahara for Human Resources renews insurance contract with Al Sagr Company for Cooperative Insurance
- MALAYSIA: Manulife Investment Management introduces Islamic REIT fund for private retirement scheme
- PAKISTAN: Faysal Islamic Dedicated Equity Fund activates non-broker clearing member account with National Clearing Company of Pakistan
- SAUDI ARABIA: Al Rajhi REIT to offer new units at SAR8.8 (US$2.35) per unit
- MALAYSIA: FWD Takaful launches Family Takaful cancer plan
Tag Archives: Fundamental Economic Problem
Islamic Economics and Consumer Behavior
Salman Ahmed Shaikh Purpose behind human existence is one the basic questions in philosophy. Centuries ago, pioneer philosophers used to study and discuss ‘why we exist’, but after renaissance in Europe and revolt against Church, social philosophers came to the … Continue reading
Physiological and Psychological Dimensions of Scarcity
Salman Ahmed Shaikh Resources are scarce as compared to unlimited wants. But, the economics of non-rival ideas creation has proved that resources are ample and that physical resources could be used in ways that keeps fulfilling the basic needs of … Continue reading
Demystifying Economic Behavior: Islamic Perspective
Salman Ahmed Shaikh Humans are much more than utility maximizing machines. They are capable of using both material rationality and moral rationality to differentiate right from wrong and need reinforcement to adopt virtues influenced by an inner urge other than … Continue reading
Scarcity of Resources and Islamic Economics
Salman Ahmed Shaikh The phrase ‘resources are scarce, but wants are unlimited’ is regarded as a fundamental economic fact in neoclassical economics. If scarcity of resources also includes physical and natural limitations and not just income/resource constraints, then this notion … Continue reading
