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…
Category: Articles
Nayya Pakistan
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…
Economic Landscape of Pakistan and Budget proposals for 2019/20 showing worst case Scenario
Before going on budget 2019/20 announced just after one day of Zardari arrest and Hamza Shahbaz to overshadow the budget proposals, let us see first, what its effects would be. In lump…
Main Issue of Pakistan- Elimination of Poverty
Now on political and economic front most of vocal voices say that within 9 months it was not possible to bring any change. Further it is also being said that whole crisis…
Emerging Picture of Federal Budget for FY2019/2020
Muhammad Arif We are at the end of May 2019. It is almost the end of holly Ramadan for this year. But with the arrival of Eid on 5th June, Federal Budget…
Islamic Banking & Finance Page 31-05-2019
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…
What PKR Depreciation means and what Pakistan should do
PKR is vacillating around RS 153 per US$ and is speculated to go above Rs 160 and even some says above Rs 200 in the coming months. In Sept 2018 it was…
Announced monetary policy on 20th May 2019 indicating worst economic situation in coming days
Muhammad Arif As a first step SBP monetary policy was a test for new Governor of SBP Dr Reza Baqir. The Policy was announced on 20th May with an increase of 150…
New Governor of State Bank With New Hopes
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…
Ongoing Political and Economic Turmoil of Pakistan
Pakistan at the end of IST first four months of 2019 and some days away from its Federal Budget of FY 2020 is encircled by lot of turmoil’s. Apparently PTI government is…