Tag: Islamic Finance

Moral Reflections on Economics, Vol 5, Issue 2

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February 2025 (Vol 5, Issue 2) issue of Moral Reflections on Economics features article on Islamic Finance and Inclusive Growth, Highlights of AlBaraka Forum by Muhammad Hammad, IEP Public Poll results on Effects of USA’s Pullout from Climate Commitments, Book review of History of Islamic Economics Thought by Prof. Abdul Azim Islahi, Research paper in focus on Financial Inclusion and Growth in OIC Countries by Massinissa Ameziane, Reflections on Qur’anic Description of Nature,
Regular sections of market news, economic and financial indicators and call for papers.

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The Value of Societal Values in Finance

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The author urges that deep and rapid decarbonization must become a global priority because climate tipping points will likely be reached much sooner than previously expected as greenhouse gas emissions continue to rise. To safeguard humanity and its societal systems, it is not only important to consider the time it takes to achieve decarbonization, but to ensure that we avoid reaching the climate tipping points.

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Moral Reflections on Economics, Vol 5, Issue 1

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January 2025 (Vol 5, Issue 1) issue of Moral Reflections on Economics is online. It features article on Theories of Economic Development and Islamic Economics, Highlights of Global Hunger Report 2024 by Hammad, IEP Public Poll results on Challenges to Banking Sector in 2025, book review of Reconstruction of Religious Thought in Islam by Allama Iqbal, research paper in focus on The Value of Societal Values in Finance by Carolin Schellhorn, Reflections on Quran and Ethics by Abrar Ahmed and regular sections of market news, economic and financial indicators and call for papers.

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Key Highlights of IFSB Report 2024

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Islamic banking continues to be the largest segment of the IFSI, constituting 70.21% of the total global IFSI assets in 2023, while Sukuk outstanding and Islamic funds collectively represented 29.08%, and the Islamic insurance segment represented 0.71%. The regional distribution of global Islamic finance assets reveals a pronounced concentration in the Gulf Cooperation Council (GCC), which accounts for 52.50%.

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Roundup of ICIHES 2024 Johor Bahru, Malaysia

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The conference kicked off with address by Deputy Minister of Religion in Malaysia. Dr. Zulkifli highlighted the importance of halal economy and how the current government in Malaysia is committed to provide an enabling environment for halal industry. He highlighted the schemes and initiatives taken to support the halal economy in Johor as well as in Malaysia.

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Hujjat Ullah ul Balighah

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Shah Waliullah in Hujjat Allah Ul Balighah writes that exchange is of different kinds. Goods for goods or goods for services. There are people with surplus funds and some with deficiency of funds. This requires transfer of resources for need fulfillment without counter value as in Zakat and Sadaqat.

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Examining the Adoptability of Crypto currency in the Islamic Financial System: Perspectives from Shariah Scholars

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Majority of scholars hold a view that a currency‟s permissibility is not invalidated if its value diminishes. This perspective is founded on the premise that conventional forms of currency are also subject to fluctuations in value. Financial securities like Halal stocks also go through swings in prices due to market and economic factors.

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Key Highlights of OIC Mega Trends Report 2024

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The report identifies the six inter-related mega trends to impact OIC nations as: Uneven Macroeconomic Performance, Sharing and Platform Economies, Green Economy, Urbanization, Global Supply Chains and Future of Work. The first two look at shifting economies, which are playing out across OIC societies. The next two cover changing environments brought on by climate change and growing populations. The last two consider adapting ecosystems.

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Economy of Companions of Prophet Muhammad (Pbuh)

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Trade was liked by the Prophet صلى الله عليه وسلم, because it was a means of livelihood based on morality and honesty. He صلى الله عليه وسلم himself was famous in trade and Hazrat Uthman Ghani and Hazrat Abd al-Rahman bin Awf among the Companions (may Allah be pleased with them) were known as useful traders. Hazrat Abd al-Rahman bin Awf remained engaged in trade even after his migration to Medina and achieved great commercial success with his God-given abilities. Hazrat Uthman‟s trading business was so large that his income made him a model of great generosity and he spent his wealth for society.

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