World politics Sikh leader murder: Another Indian suspect arrested in Canada TORONTO: A fourth person has been arrested and charged with the murder of Sikh separatist leader Hardeep Singh Nijjar last…
Category: Weekly Islamic Pages
Islamic Finance in Russia
From about 30+ Islamic finance project initiatives launched in Russia in the period 2010–2018, about twenty projects are active, demonstrating growth and expansion, albeit moderate. The main part of the growth…
Islamic Finance in Russia
From about 30+ Islamic finance project initiatives launched in Russia in the period 2010–2018, about twenty projects are active, demonstrating growth and expansion, albeit moderate. The main part of the growth throughout…
Required Role of the Jurists / Sharī‘ah Advisors in Islamic Banking
According to the instructions of SBP, the burden whether a product passes Sharī‘ah compliance test, rests on the shoulders of IBIs’ Sharī‘ah Boards. Sharī‘ah scholars have been assigned the Divine responsibility of…
Islamic Banking in Pakistan
Pakistan has been ranked 8th in the Global Islamic Economic Indicator list with the sustainable growth of Islamic institutions in the financial sector and economy. In 2021, the Islamic finance industry of…
Challenges to Islamic Finance
The global financial sector had been hit by two major crises within just over a decade: the global financial crisis (GFC) of 2008-2009 and the global health crisis caused by the coronavirus…
Islamic Finance Products, Sharia Advisors and Services
Trading in goods or instruments representing their ownership and leasing of assets can be used for financing, in addition to partnership based modes, and the IBFIs are required to observe essential features…
The Top Islamic Financial Institutions 2021
The Banker’s 2021 Top Islamic Financial Institutions ranking highlights a resilient sector across the globe. After a challenging period, Islamic banks can be confident of brighter prospects in the coming year. While…
An eye to eye with Islamic Finance
An article was published in the Financial Daily on August 11, 2010 in which a view was expressed on Islamic Finance with reference to comments made by the Acting Governor of SBP…
Growth of a Country and Islamic Banking
Since the modern birth of Islamic banking in the 1970s in Egypt, it has expanded rapidly across the globe. As illustrated by Imam and Kpodar (2013), such expansion has taken place, in…