Category: Weekly Islamic Pages

The exposures of Islamic banks particularly macroeconomic constitute a “ticking time bomb” of a “billions of dollars” in “unhedged currencies and rates”. The difficulty, complexity and expense of hedging these in the…

How to make Islamic Banking conversant with Islamic Laws To be conversant with the principles of Islamic law (Shariah) — or at least an orthodox interpretation of the law—and guided by Islamic…

  State Bank with programs but needs vision and solutions for the development of Islamic Banking As far I know Islamic Banking department of SBP is working with two senior Officers. One…

Use of Tabarru in Islamic Insurance (Takaful) Early Muslim scholars did not specifically discuss or defined the tabarru` principle. However, the word tabarru` has always been used when discussing waqf, hibah, and…

Worlds/Pakistan Islamic Financial Institutions fighting against 2020 Storms Islamic financial institutions (IFIs) enjoyed good earnings results in 2019 across the main geographical regions of the Middle East, Africa and Asia. As a…

Islamic Finance under Government Conditional Subsidies Subsidized Financing is a loan or other form of financing that a government provides directly or with guarantees. Subsidized financing is available at a lower interest rate because the government…

Tawarruq as Liquidity management tool in Islamic Banking and Finance Liquidity management has emerged as most needed tool for the Islamic Banks to do their business and for the country to use…

How to remove Complexities in Islamic Finance Islamic finance requires the provision of financial services in accordance with the Shari’ah ban on interest (Riba). It also requires that the financing provided is…

Islamic Insurance (Takaful) By The global Takaful market reached a value of US$ 23.7 Billion in 2019. Five Takaful operators comprising of three General Takaful and two Family Takaful Companies exist in Pakistan. The Takaful market is still in a…

Turkey, Islamic Development Bank and Pakistan on Islamic Finance and Sustainable Development for Real Economy In an International conference held in Istanbul on 14th to 16th June 2020 on the subject of…