Islamic Economics Project » Islamic Finance
204 FOLLOWERS
Research on Islamic Economics and Finance and Role of Faith in Markets and Society in Post Modern Scientific Age.
Islamic Economics Project » Islamic Finance
2M ago
Al Baraka Forum for Islamic Economy in collaboration with the Islamic Chamber of Commerce and Development (ICCD) hosted the 2nd Al Baraka Regional Conference, in partnership with Al Baraka Bank Pakistan, to shed light on the crucial role of home remittances in Pakistan and their impact on sustainable development ..read more
Islamic Economics Project » Islamic Finance
4M ago
Conventional banks only provide loans no matter whether the loan amount is used for purchasing assets or not. As far as repayment of debt is considered in conventional finance lease or mortgage loans, the interest is due from the very first date of sanction of loan till the very last. If the asset remains unusable during the conventional finance lease, the instalments including interest and principal repayment will continue without any break. If interest amount is not paid on time, then interest has to be paid on accrued interest along with financial penalties. Compounded interest can multiply ..read more
Islamic Economics Project » Islamic Finance
5M ago
The IFSB’s Islamic Financial Services Industry (IFSI) Stability Report 2023 presents an assessment of the key vulnerabilities, resilience, and future outlook of the global IFSI in general and in the IFSB member jurisdictions in particular across three key segments: Islamic banking, Islamic capital market and Takaful ..read more
Islamic Economics Project » Islamic Finance
5M ago
This study aims to examine diversity in the composition of Shariah supervisory boards (SSBs) of Islamic banks (IBs). It investigates diversity from two perspectives: existing composition of SSBs and the regulatory frameworks and standards of selected Organization of Islamic Cooperation countries. Diversity characteristics include education, nationality, gender and age ..read more
Islamic Economics Project » Islamic Finance
5M ago
This study examines the role of microfinance from the business and social lenses by using the creating shared value (CSV) framework in the context of Indonesia ..read more
Islamic Economics Project » Islamic Finance
5M ago
Sukuk is the plural of “Sak”, which means: “document or certificate”. During the period of Marwan Bin Huqam, the certificate issued to people to get rations from the Treasury were called “Sukuk”. But, the modern meaning of Sukuk is different. In contemporary Islamic finance terms, Sukuk means ..read more
Islamic Economics Project » Islamic Finance
5M ago
Shari’ah compliance in Islamic banking is necessary. However, achieving that requires certain additional operations and costs which may lead to Islamic banks incurring some additional costs which conventional banks simply avoid. This may make Islamic banks to become costlier than conventional banks and which will reflect in weak position in price competitiveness ..read more
Islamic Economics Project » Islamic Finance
8M ago
اسلامی اقتصادی نظام میں سرمائے کا کوئی مقررہ معاوضہ نہیں ہے۔ لہذا، پیداوار کے عمل سے پیدا ہونے والے حقیقی منافع میں سرمایہ کو اپنا حصہ مل سکتا ہے مگر جس کے لیے ضروری ہے کہ سرمایہ نفع نقصان میں شامل ہو۔ اس سے پیداواری سرگرمیوں مں سرمایہ کاری بڑھتی ہے اور سرمایہ کاری کے نفع بخش ہونے کے لیے صرف ایک فریق یعنی قرض دار ہی نہیں بلکہ تمام سرمایہ دار مل کر سرمایہ کاری کے نفع بخش ہونے کے لیے محنت اور جدوجہد کرتے ہیں۔ اس سے آمدنی کے ساتھ ساتھ دولت کی تقسیم پر بھی مثبت اثرات مرتب ہوسکتے ہیں۔ ..read more
Islamic Economics Project » Islamic Finance
1y ago
The aim of Islamic social finance is to support socio-economic empowerment, progress, and the development of society. Pooling resources from social finance instruments, like Zakat (alms giving), Waqf (endowments), Qardh al-hasan (interest free benevolent lending), Takaful, and Sadaqah (charity), can establish and lead to growth of lower-income micro-enterprises in the country ..read more