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...
ISLAMABAD: The government will soon launch Rs 100 million Sukuk bonds for Islamic banking industry to strengthen its liquidity position in pursuance of its mission of fast growth of Islamic financing in the country. Advisor to the Prime Minister on Finance and Economic Affairs Dr Miftah Ismail cited on Monday...
  Bangladesh is a country where, Dr Younus established first Micro Finance Bank in in the world known as Grameene Bank. This further gave birth to microfinance banking in the world. Now in the same country, IBBL is a groundbreaking institution both for its status as the first and largest formal...
The size of Islamic finance market is estimated up to $2 trillion in 2017 and projected to grow to above $3 trillion by 2018. The Islamic finance assets represent 1 percent of the global financial market, while the Sukuk issuance is accelerating the Islamic capital markets at the annual...
A sound economy has a sound banking system backing it up. It eliminates the built-in disparity among the savors and deficit ends of an economy by maintaining an even flow of funds among them. Banking services have become even direr post globalization. In the history of Islamic banking, an...
Conventional theories have identified several factors which motivate the savers to save in conventional banks, but conceptually Islamic banks are different from their conventional counterparts. This makes us to make an attempt to empirically investigate whether the determinants of deposit in Islamic banks are significantly different from its conventional counterpart...
Micro, small, and medium enterprises (MSMEs) are the drivers of Kyrgyz economic growth and key contributors to sustainable gross domestic product (GDP). Since the country achieved independence from the Soviet Union in 1991, MSMEs became one of the prime supports of the economy as the number of industrial enterprises...
Primary issuance of bonds and Sukuk by GCC entities, including Central Banks Local Issuances, GCC Sovereign and Corporate Issuances, totaled $174.17 billion in 2017, a 3.96 per cent increase from the total amount raised in 2016. Central Bank Local Issuances are Fixed Income securities issued by GCC central banks in...
It was March 2001. I telephoned to Research Centre of JS Bank from State Bank but it wrongly met with Mr. Sohail of that Centre. When he knew my name, he requested for a meeting. We met next day and there he proposed introduction of Karachi interbank Offered rate...
Islamic banking is thriving in Pakistan for the past 15 years. Credit goes to Meezan Bank Limited for opening the doors of a full-fledged Islamic banking in Pakistan since 2002. But the most pathetic aspect of this Islamic banking is that it is flourishing on 'Haraam' (us-Islamic) formula of...
State Bank of Pakistan has yet to answer about some questions on Islamic banking  Muhammad Arif SBP has been declared best Central Bank for promoting Islamic finance Karachi (January 11,2018): The State Bank of Pakistan has been voted as the Best Central Bank in Promoting Islamic Finance. State Bank of Pakistan...