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...
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...
  The Kingdom of Saudi Arabia is home to a number of dedicated Islamic Banks, as well as Islamic window operations offered through conventional banks. Saudi Arabia has a modern banking industry with 12 commercial banks. Saudi banks provide retail and corporate banking, investment services, brokerage facilities, and derivative transactions in...
 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...
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...
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...
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...
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...
Pakistan a country dominated by Muslim population is considered to be a center for Islamic Banking and Finance with no Riba, no exploitation, no investment in unethical areas and no speculation but still we are far away from these objectives with Islamic banking still 13% of the whole market...
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...
The Islamic Financial Services Board (IFSB) is an international standard-setting organization that promotes and enhances the soundness and stability of the Islamic financial services industry by issuing global prudential standards and guiding principles for the industry, broadly defined to include banking, capital markets and insurance sectors. Now Strategic Performance Plan...