Islamic Finance News- MALAYSIA: Chartered Institute of Islamic Finance to expand management team; targets international linkages and new programs in 2020
- SAUDI ARABIA: Allied Cooperative Insurance Group required to raise statutory deposit to 15%
- TUNISIA: Banque Zitouna finances Tunisair’s new aircraft
- BAHRAIN: GFH’s shareholding in disputed real estate project increases
- SAUDI ARABIA: S&P affirms IsDB’s ‘AAA’ credit rating with stable outlook
- PAKISTAN: State Bank of Pakistan updates framework for managing risks of trade-based money laundering and terrorist financing
- MALAYSIA: Bursa Malaysia to restructure its organization
- SAUDI ARABIA: Saudi Arabian Monetary Authority launches third edition of cybersecurity program
- GLOBAL: IsDB inks MoU with Centre For Environment and Development for the Arab Region and Europe to strengthen collaboration
- MALAYSIA: CIMB Islamic Bank allocates funds to support MSMEs
Tag Archives: Islam
Issues in the Implementation of Ushr in Pakistan
Syed Hassaan Ali Ushr is the financial obligation levied at the rate of 10% on agricultural output in Islam. There are several hurdles and issues which are hampering its successful implementation in Pakistan. This article attempts to discuss those issues … Continue reading
Posted in Articles on Islamic Economics
Tagged Agricultural Income Taxation, Agriculture Sector, Developing Countries, Development, Direct Taxes, Fiscal Policy, Islam, Islamic Economics, Khums, Pakistan, Pakistan Economy, Poverty Alleviation, Public Economics, Tax Evasion, Tax Policy, Ushr, Zakat
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Significance of Recycling for Environmental Sustainability
Dr. Dalia Shebl Said Associate Professor in Architecture & Urban Department, Faculty of Engineering – Kafr Elshiekh University The recycling process has become a core and essential element of sustainable development. Nonetheless, economic analysis of recycling relegates environmental concerns to … Continue reading
Does Faith Constrain Progress and Use of Science
Salman Ahmed Shaikh Does faith require abandoning reason, reflecting on the matter, searching for physical answers and finding physical solutions? As per religion, using material means, experimentally proven knowledge and medication is not problematic. For instance, in psychological disorders and … Continue reading
Non-Contradiction between Faith & Science
Salman Ahmed Shaikh Qur’an is not a book of science. But, to present its basic message, it focuses our attention on different realities, both within our consciousness and in the outside natural phenomena. Modern science has not found any error … Continue reading
Is Contribution to Science Only a Western Enterprise
Salman Ahmed Shaikh Ehsan Masood in his book ‘Science and Islam: A History’ writes that Muslim contribution to science is largely forgotten or at least neglected, except by a few diligent specialists[i]. Science is universal and is not just a … Continue reading
Posted in General Issues About Islam
Tagged Al-Beruni, Atheism, House of Wisdom, Ibn-e-Khuldun, Ibn-e-Nafees, Ibn-e-Sina, Ibn-ul-Haythem, Islam, Islam and Science, Islamic Renaissance, Jabir Bin Hayyan, Khuwarzimi, Modern Science, Muslim Contribution to Science, New Atheism, Scientific Method
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The Scientific Method & Faith-Based Worldview
Salman Ahmed Shaikh In simple words, science is knowledge established by observation and experimentation through an objective process. Science tries to disentangle useful knowledge about the matter so that this knowledge can be put to effective use. For the physical … Continue reading
Need for Meaning to Existence
Salman Ahmed Shaikh The twentieth century can well and truly be regarded as the century of modern science. Science has made us understand the physical world better and to make the ever-more effective use of matter around us. The comforts … Continue reading
Complex Life on a Knife’s Edge
Salman Ahmed Shaikh In his book, ‘A Brief History of Time’, Stephen Hawking writes: “If the rate of expansion one second after the Big Bang had been smaller by even one part in a hundred thousand million million, it would … Continue reading
Posted in General Issues About Islam
Tagged Atheism, Big Bang, Evolution, Islam, Islam and Science, Logical Positivism, New Atheism, Philosophy, Physics, Science, Scientism
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Science and Meaning of Life
Salman Ahmed Shaikh Stephen Hawking has recently died after living a difficult life physically, but one which was highly productive in terms of intellectual journey and contributions. While acknowledging the tremendous value of the contribution of Stephen Hawking in Cosmological … Continue reading
Economics and Pro-Social Behaviour
Salman Ahmed Shaikh A great number of empirical studies now challenge the position of conceptualising human behaviour only in the framework of a rational, utility-maximizing homo-economicus. Yet, this framework is used for the purpose of simplicity and tractability in situations … Continue reading
Posted in Articles on Islamic Economics
Tagged Altruism, Charity, Climate Change, Climate Crisis, Consumer Behavior, Consumer Preferences, Consumerism, Ethics, Income Inequality, Islam, Islamic Economics, Micro Economics, Philanthropy, Poverty, Pro-Social Behaviour, Social Economics, Utility Maximization
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