Islamic Finance News- INDIA: IFN welcomes new correspondent for India
- BANGLADESH: Bangladesh Bank raises lending ceiling for banks including Islamic banks
- SAUDI ARABIA: Middle East Paper Manufacturing Company renews Islamic financing agreement with Al Rajhi Bank
- MALAYSIA: RAM Holdings announces new leadership
- UAE: Dubai International Financial Centre reaches new milestone with over 100 registered fintech firms
- LEBANON: Fitch downgrades rating on Lebanon’s Bank Audi
- KUWAIT: Central Bank of Kuwait amends corporate governance regulations in Kuwaiti banks
- GLOBAL: International Islamic Trade Finance Corporation signs agreement to support trade funding in Djibouti
- KAZAKHSTAN: Astana International Financial Centre to work on developing green Sukuk issuances
- NIGER: Niger to pass Waqf bill in current parliament session, says minister
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
