Former Member of IFSB on Islamic Money Market, Former Head of FSCD SBP, Former Head of Research Arif Habib Investments, Member visiting Faculty/ KASBIT/BIZTEK/Sheikh Zayed Institute University of Karachi/PAF KIET/MAJU There is a popular belief that Islamic finance or banking is for Muslims for their personal satisfaction and for getting...
Former Member of Task Force on Islamic Money Market IFSB, Former Head of FSCD SBP, Former Head of Research ArifHabib Investments, Member visiting Faculty KASBIT/BIZTEK/Sheikh Zayed Institute University of Karachi/PAF KIET/MAJU Islamic banking has emerged as a market phenomenon in 70’s era and then started spreading. It got pace in...
At times we forget the consequences of events once we move away from them. Today, our Financial markets are on recovery and the wounds of the 2008 global financial crisis have healed for active market participants but overall economic scenario is confused. If the governments and each of the regulators...
Former Member of IFSB on Islamic Money Market, Former Head of FSCD SBP, Former Head of Research ArifHabib Investments, Member visiting Faculty/ KASBIT/BIZTEK/Sheikh Zayed Institute University of Karachi/PAF KIET/MAJU Like other persons I entered in to Saudi Arabia on April 20 and left on May 17. Within stay I performed...
Islamic Banking-lot Needs to be Done Islamic banking has now become a reality but still it needs to be developed a lot. Islamic Banking and Finance based on Islamic economics comes from the trading activities of any society with the objective to achieveits welfare goals. As provided in advertisements of Islamic Banks...
Muhammad Arif Today we are living in a confused environment. Everything is looking moving towards segmentation. Government is claiming revival of economy with 5.3% GDP growth. This is the same trend where US and other countries are claiming to have moved towards somewhat growth. But on social side this means...
By launching media campaign on Islamic Banking, State Bank has deviated from its two prime responsibilities. i.e. to Regulate Banking Sector without taking any body’s side and secondly to align whole Banking Sector as part of its Monetary Policy. Islamic Banking now with more than 1300 branches is holding deposits...
Muhammad Arif Takaful Industry is growing rapidly around the world with 230 Takaful Companies, 13 Re-Takaful companies with the total volume of $11 Billion. Takaful was started in 2005 in Pakistan when Securities and Exchange Commission of Pakistan (SECP) introduced Takaful Rules 2005 according to which only full fledge takaful...
It was March 2001. I telephoned to Research Centre of JS Bank from State Bank but it wrongly met with Mr. Sohail of that Centre. When he knew my name, he requested for a meeting. We met next day and there he proposed introduction of Karachi interbank Offered rate...
Budget for FY 2018 and thereafter interim budget of Assad Umar have arrived with new finance bill and new taxes just to nip the down troddens and saving elites. According to recently received Pakistan’s first-ever official report on multidimensional poverty four out of 10 Pakistanis are living in acute poverty...
Pakistan is still under rhetoric’swith lot of expectations and speculations. Ruling PTI and establishment are looking to be on one page, whereas PML N and PPP are striving to create some space in the politics of Pakistan. Some recent developments are release of Nawaz Sharif with his daughter and son...
With new Government having Assad Umar as Finance Minister with Economic Advisor and member of Economic Advisory Committee based on the same persons (like Dr Ishrat, Syed Saleem Raza etc. etc.) that served Musharraf government causing economic crisis in 2005 and 2008 with flow of capital outside Pakistan are...
Muhammad Arif Chairman Centre of Advisory Services for Islamic Banking and Finance (CAIF), Former Head of FSCD SBP, Former Head of Research Arif Habib Investments and Member IFSB Task Force for development of Islamic Money Market, Former Member of Access to Justice Fund Supreme Court of Pakistan. Present government of PTI...
Time and again in the history of Pakistan violence has erupted by using the name of Islam. Recent instance is of Khadim Husain Rizvi who created law and order situation after verdict of Asia by Supreme Court. He is a Barelvi preacher and also the founding chairman of the Tehreek-e-Labbaik Pakistan, a...
Pakistan’s economy is in shamble and the rupee has never been as weak as it is looking in the last Q of CY 2018 with inflation at surge now at 7%. The balance of trade is at its worse with the deficit exceeding $30 billion. Exports are dwindling, imports...
Pakistan is in a confusing world now a days. Intelligentsia and anchors are writing and saying as far as their knowledge in concerned and on the basis of their likings and dislikings. No body of them is on track objectively. Their main focus is how to live and how...