Islam on overall economy and in line with teachings of Hazrat Muhammad (PBUH) Muhammad Arif: The property relationships define, to a large extent, the contours of an economic system. The two dominant…
Category: The Financial Daily
Islamic Banking & Finance Page 15-03-2019
How to support growth of Islamic banking and finance Islamic banking is doing well in the world but some of the potential opportunities and challenges should be taken up to make Islamic…
Islamic Banking & Finance Page 08-03-2019
Editorial Seminar by National Bank of Pakistan titled as “Islamic Banking Challenges & Opportunities” The seminar was held on 2nd March 2019. Aitemaad Islamic Banking Group Divisional Head Syed Muhammad Shahid and…
How to improve Islamic Banking and Finance
For years, many Islamic banks have witnessed double-digit growth rates, surpassing their conventional peers. At first glance, all seems well for the Islamic banking industry. There is ample room for growth as…
6th September 1965, defining day for Pakistan to move forward
After 50 years, day of 6thSeptember has been celebrated in 2018, with zeal and full participation of people of Pakistan. The main event was organized at GHQ Rawalpindi with participation of PM…
India’s first Sharia-compliant P2P platform (Digital technology)
For the first time, Indians seeking vehicle financing have the option to do so in consonance with Sharia. In peer-to-peer (P2P) platform offered by Bengaluru-based fintech start-up ECW Consultants uses the ijara…
Islamic microfinance sets up sukuk on block chain (Digital technology)
An Islamic microfinance start-up has launched what is believed to be the world’s first smart sukuk issued on a block chain platform, which it hopes can channel greater liquidity to small- and…
Islamic banking & finance in GCC (2018)
Saudi Arabia’s Debt Management Office has begun issuing $925 million government bonds through a new ‘primary dealer’ scheme designed to increase demand for the debt and widen the range of investors holding…
Global report on Islamic finance
The World Bank Group and the Islamic Development Bank published the first Global Report on Islamic Finance, which details the prospects for the global Islamic finance industry and its potential to help…
Sukuk (Islamic bond) issuance by Egypt
The Sharia-compliant issuance, either in dollar or euro-denominated Sukuk, which Finance Minister Mohamed Maait of Egypt hopes will happen in fiscal 2018-19 and would mark a revival of a plan shelved since…