Islamic Finance News- UAE: Emirates Islamic Bank to support Dubai Hospital expansion with AED25 million (US$6.81 million) donation
- UAE: Amlak Finance to sell 25 million treasury shares in share buy-back exercise
- SAUDI ARABIA: Siraj Omar Siraj Jamal takes new position as CEO of Saudi Indian Company for Cooperative Insurance
- SAUDI ARABIA: Mansour Al-Busaili resigns from Saudi Cooperative Reinsurance Company’s board of directors
- GLOBAL: IsDB launches cash Waqf Sukuk to raising funds internally for poverty alleviation projects
- GLOBAL: Kuwait Finance House board of directors approve final exchange ratio of shares with Ahli United Bank-Bahrain
- SAUDI ARABIA: Saudi Arabia to implement updated Zakat collection regulations for commercial establishments in January 2020
- KUWAIT: Ahli United Bank offloads shares in Kuwait and Middle East Financial Investment Company
- MALAYSIA: Islamic Banking & Finance Institute Malaysia and Universiti Sains Islam Malaysia to train 200 auditors annually with certification program
- KUWAIT: Kuwait International Bank offers appointment booking via phone app at all branches in Kuwait
Tag Archives: Waqf
Islamic View on Scarcity of Resources
Maher Kababji Socialists claim that economic problems arise from the extraction of surplus value by the Capitalists in the production process. On the other hand, Capitalists urge that scarcity of resources is the basic economic problem which restricts output growth … Continue reading
Islamic Texts on Consumption and Spending
Salman Ahmed Shaikh Islam has its own distinct worldview. The theistic concepts of Tawheed, Khilafah and Akhirah govern the Islamic way of life. The concept of Tawheed implies that all living and non-living things are created by Allah. The concept … Continue reading
Posted in Articles on Islamic Economics
Tagged Altruism, Consumerism, Consumption, Consumption Externalities, Ethics, Excess Consumption, Halal Consumption, Halal Markets, Homo Economicus, Infaq, Islamic Charities, Islamic Economics, Moderate Consumption, Pro-Social Behaviour, Responsible Consumption, Sadqa, Selfish Preferences, Values, Waqf, Zakat
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Intertemporal Consumption in Islamic Economic Framework
Salman Ahmed Shaikh A typical lifecycle pattern of humans shows that the need to consume basic necessities exists throughout the lifetime, while the capacity to earn incomes is present mostly during the working years of life. In childhood and old-age, … Continue reading
Leveraging on Private Philanthropy in Pakistan for Establishing Waqf
Salman Ahmed Shaikh Importance of Social Finance in Pakistan The United Nations Development Programme in 2016 revealed that multi-dimensional poverty in Pakistan stands at 38.8%. Poor people usually depend on their incomes for consumption expenditure given the lack of other … Continue reading
