Home Islamic banking & Finance

Islamic banking & Finance

Mubasher Mir Islamic finance's metamorphosis from a niche corner of global banking to a growing source of funding for rest of the world has been aided by a storied list of borrowers who have sold sukuk in recent years. The government of Singapore was one of the earliest non-Muslim entrants into...
Bahrain as model of Islamic banking and finance Manzar Naqvi Bahrain's Islamic finance (IF) industry has been in existence for more than 30 years, and the industry gained momentum in the last 5-10 years. Bahrain operates a dual system where Islamic financial institutions (IFIs) operate in parallel with conventional banks. The...
Most of the Islamic Banks operate on Bai- Murabaha, Bai Muazzal, Bai- Salam, Istisna, Hire Purchase/ Leasing mode of Investment i.e. Islamic Banks always prefer to run on markup/ guaranteed profit basis having Sharia coverage. For this reason some times the conventional Economists and General people fail to understand the...
Financial sector plays a vital role in economic growth of any country. One of them is banking sector. It is a financial intermediary to manage funds and to channel savings and investments in financial securities. Stability and growth of economy is depending on stability of banking industry. Bank plays a...
Relying on market-based instruments to conduct monetary policy in an economy with Islamic banks is preferable than relying on direct instruments of monetary control for both conventional and Islamic banks. Direct instruments are often associated to non-transparent discretionary interventions that may result in a liquidity misallocation. They can create...
1. Islamic finance is today a $2.2 trillion industry spread over more than 60 countries with the bulk of it concentrated in very few markets. Data compiled by the Union of Arab Banks' research department shows that just 10 countries account for 95% of the world's Shariah compliant assets....
 for the SDGs, Islamic finance has untapped potential as a substantial and non-traditional source of financing for the SDGs. The growth of Islamic finance has been rapid at 10-12% annually over the past two decades. By 2017, the industry had surpassed US$1.90 trillion in size. Islamic finance has emerged as...
Agha Steel Industries Limited (ASIL) intends to issue OTC listed, rated and secured Sukuk upto PKR 5 billion (inclusive of Green Shoe option of PKR 1 billion) for a tenure of six (6) years inclusive of a grace period of 2 years, in order to fulfil its expansion plans...
Manzar Naqvi Islamic finance offers alternative solutions to conventional finance that comply with the principles of Shari'ah. Islamic jurisprudence strives to promote moral and ethical values in establishing an economic system that outlaws the payment and receipt of interest, excessive uncertainty in business transactions and investment in prohibited industries. Initially, the...
Islamic economists have shown in many research studies how Islamic financial system promotes economic growth. They have already put forth many hypotheses regarding promotion of investment, incentives for savings, prudent monetary policy and rapid adjustment of an economy to external economic shocks. Mohsin Khan's Proposition that Islamic banks absorb and...
Takaful i.e. Islamic insurance the need of Pakistan The estimated 200 million population of Pakistan represents a huge market for Takaful and insurance industry. With a large population shying away from insurance due to religious reasons and equally large population staying away from Takaful due to lack of understanding, Takaful...