Muhammad Airf
Islamic Ideology Council in Pakistan on Islamic Finance
In Pakistan two portfolios have normally been used for political bribery. One is Kashmir Committee and the other is Islamic Ideology Council. So with this mindset neither we have moved near to Kashmir solution nor did we get closer to implement...
World
Politics
· Ethiopian army kills general accused of organizing failed coup
The general accused of organizing a failed coup in Ethiopia last weekend was killed by security forces on 24th June, the government announced, as the prime minister urged citizens to unite against “evil”. Asamnew Tsige, who was believed to have been recruiting...
Muhammad Arif
Growth of Islamic Banking and Finance from Short to Medium Term and then on Long term basis
Global Islamic finance assets growth is expected to rise steadily to USD 2.5 trillion by 2020 Increasing share of Islamic capital markets (ICM) in the global Islamic finance space, indicating favorable prospects,...
World
Politics
·Himalayas’ rapid glacier melt threatens drought.
The glaciers of the Himalayas are melting at an accelerating rate, according to a study that underscores the impact of climate change on an area that is a critical source of water supply for India and China. The glaciers have been losing the equivalent...
World
Politics
· Protest In Hong Kong going on with clashes.
Police fired tear gas and rubber bullets at protesters in Hong Kong on 12th June, hours after tens of thousands of mostly young people surrounded the city's government headquarters and postponed the debate over a controversial bill that would allow fugitives to be extradited to...
Islamic banking in UAE- Case Example of Emirates Islamic Bank
Emirates Islamic, belonging to Emirates NBD Group, is gaining traction in asset growth, profitability and asset quality, thanks to strong demand for Islamic banking services, a sharply focused retail strategy, and innovative digital offerings, In the first quarter of 2019,...
World
Politics
· Sudan’s military stokes fears of power grab with early vote with death toll rising of protestors.
The death toll from 3rd June attack on the sit-in of Sudan's pro-democracy protesters has risen to 100, after 40 bodies were recovered from the River Nile, according to the Central Committee of...
Understanding Basics of Islamic Banking and Finance for going forward
Muhammad Arif
Sometime back former Governor of SBP Mr. Yaseen Anwar made some comments on the subject and he was right to say that currently Islamic Banking in Pakistan and elsewhere are mainly relying on debt based fixed income products, so...
World
Politics
A longtime, disgruntled city employee opened fire at a municipal building in Virginia Beach in the United States on 31st May, killing 11 people before police fatally shot him, authorities said.
Six other people were wounded in the shooting, including a police officer whose bulletproof vest saved his life,...
Politics
·Police seek suspect after package bomb explosion in France. Twelve people injured in incident described by Emmanuel Macron as an attack
A frame grab from a surveillance video showing a man pushing a mountain bike in the vicinity of a suspect package bomb blast in Lyon. Photograph: AFP/Getty Images
Police in France is...
Questions related to Islamic Banking and Finance
Which types of alternative economies are out there aside of Islamic economics?
Thinking about alternative economies we typically come across, e.g., community economies, household economies, Islamic banking – they all somehow challenge existing capitalism. The concept of "the economy" first called "political economy" and...
World
Politics
· US orders staff to vacate US embassies in Iraq as tensions mount
The United States ordered staff to vacate US embassies and consulates in Iraq on 15th May amid signs of mounting tensions between the United States and Iran. The state department said on 15th May that all “non-emergency” government employees had been...
Comprehensive Picture of Islamic Banking in Bangladesh that is
Quite Ahead of Pakistan in its social responsibility role
Muhammad Arif
Bangladesh is a Muslim country while remaining part of Pakistan till 1971. However being a Muslim country they still stand with Pakistan as a brotherly country.
It is interesting to say that...
World
Politics
· Japan tests world's fastest bullet train
Japan has started testing its fastest-ever bullet train -- capable of reaching 400 kilometers per hour (249 mph) -- as it continues to develop the revolutionary mode of travel. The ALFA-X version of the Shinkansen train began three years' worth of test runs on Friday....
Can Islamic social finance be the key to end poverty and hunger? Case Example of Malaysia
By Mukhtar Aqil
In 2015, countries around the world adopted a set of goals to end poverty, protect the planet, and ensure prosperity for all as part of a new sustainable development agenda. Formulated on...
World
Politics
· Venezuela’s Guaidó calls for ‘largest march in history’ in uprising effort whereas Venezuela's embattled President Nicolas Maduro has claimed his troops have defeated a "coup" attempt
Venezuela's embattled President Nicolas Maduro has claimed his troops have defeated a "coup" attempt amid calls by opposition leader Juan Guaido for protesters to return to the...
ISLAMIC BANKING AND FINANCE PAGE 3rd May 2019
Story of Two Islamic Banks of Pakistan
Assets of Islamic banking industry were recorded at Rs. 2,658 billion. Similarly, deposits of Islamic banking industry stood at Rs. 2,203 billion by end December, 2018. Market share of Islamic banking assets and deposits in the...
World
Politics
· Top Sri Lankan officials withheld intelligence on attacks -minister
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A video released by ISIS showed eight men purported to be the Sri Lankan attackers.
Senior officials deliberately withheld intelligence about possible attacks on Sri Lanka, where suicide bombings on Easter Sunday killed at least 359 people, the leader of...
Islamic Banking and Finance in 2019-Moving Forward
Various released reports including Thomson Reuters, IMF, World Bank for the period ending Dec 2018, show buoyant figures for the Islamic finance industry and is positive for further growth in the near future.
According to the reports the global Islamic finance industry grew by...
Politics
· Twenty-eight dead in Portugal tourist bus plunge, says official
A bus carrying tourists in Madeira has crashed killing 28 people, an official has said. Local mayor Filipe Sousa told a Portuguese news channel the victims included 17 women and 11 men. He said most of those on board were German tourists, and it...
