A proposal has come from Turkish President Recep Tayyip Erdogan and Malaysian Prime Minister Mahathir Mohammad during Malaysian PM Visit to Turkey that Pakistan, Turkey and Malaysia can lead towards the Muslim renaissance.
Addressing a joint press conference along with visiting Malaysian Prime Minister, Erdogan said, “Statements are easy to...
After a year and a half of frosty relations between the United States and Pakistan, which saw the cessation of U.S. security assistance to the Pakistan now indicate a thawing of relations between the two countries remaining sometime ally and sometime not.
The visit of Imran Khan has brought good...
As anticipated by rating agencies like Bloom Berg, Governor State Bank, Dr. Reza Baqir has announced 100 bp i.e. 1% increase in the SBP policy rate from July 2019.The State Bank had started monetary tightening since May 2018, when key policy rate stood at 6 percent. Since May 2018...
Muhammad Arif
Money Market, Former Member of Access to Justice Fund Supreme Court of Pakistan.
Apart from gloomy environment something better was supposed to have started happening for Pakistan. Mostly on foreign fronts and some on economic fronts.
Imran Khan Visit to USA in the wake of coming agreement with Taliban is...
Day by day confusion is on increase on our political fronts. Opposition is only criticizing but doing nothing practically and government is maligning every opponent and sending them behind the bars. Now they have started arresting opponents even on drug charges and stopping even Speaker to issue production orders...
Muhammad Arif
Now Baqar Reza has taken charge of new Governor of SBP and has given a lecture to the press on his Monterey policy philosophy but actually people don’t understand these briefings and they remain more interested in results that impact their life.
Governor, State Bank of Pakistan (SBP), Dr....
Muhammad Arif
Facts about Islamic Finance in Europe
Information about Islamic finance in European countries is usually provided by professional-style reports, offering practical data on implementation of standardized products. However, precise developments about material legal provisions applicable to contracts and their actual legal regime are not often detailed. In order to...
Written by
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
In a series...
Profit and Loss Sharing (also called PLS or "participatory" banking is a method of finance used by Islamic financial or Shariah-complaint institutions to comply with the religious prohibition on interest on loans that most Muslims subscribe to. Many sources state there are two varieties of profit and loss sharing used by Islamic banks – Mudarabah ("trustee finance" or passive partnership...
Muhammad Arif
Dr Reza Baqir has been appointed new Governor of State Bank of Pakistan. He is a graduate of Harvard University and was IMF’s senior resident representative for Egypt before his appointment. He has also remained head of mission for Romania. The new SBP Governor has completed PhD in...
HEC founding chairman Dr Attaur Rehman at the time of Musharaf, now chairperson of Prime Minister’s taskforce on Science and Technology in PIT government and a well-known scientists of Pakistan (Organic Chemistry), in a letter to PM has criticized the current role of HEC pointing out that six programs...
Assad Umar has now been replaced with Dr Abdul Hafeez Sheikh who has remained Finance Minister for the Zardari government and in Musharraf time between 2010 and 2013 and 2000 and 2002. His performance was like other finance Ministers of Pakistan and some time he was removed due to...
