Author: Ashley

The financial tsunami that erupted in 2008 has swept the global financial community, and the major financial giants also fell into disarray. Even if the commercial banks in China with a low degree of internationalization have also caused heavy loss. However, there was one special financial agent went through this financial crisis unscathed. Instead, this financial agent grew with high reverse speed. It is called the Islamic bank. An Islamic bank is a general designation of financial credit agency according to the principle of non-interests in the Holy Quran. It is a new financial system established by the Islamic countries…

House mortgage refers to the loans provided by banks who obtain the debtors’ property house property or other effective bonds through certain contracts, which aims to ensure the loans’ security. Actually, it operates mainly in this way: the debtors transfer the property ownership to creditors through legal means. In the process of mortgage, the creditors are entitled to manage the guaranty if the debtors cannot repay the creditor and interest on time, which provides an effective guarantee for creditors to call in the loan. Adopting a house mortgage tends to be based on the security, mobility and profitability of banks’…

Public utilities refer to the business that is responsible for maintaining public service infrastructure. Maybe it will be under the control of natural monopoly or the government. However, privately-owned utilities will be supervised by administration regulation. Generally, public utilities include electricity, water supply, waste treatment, sewage treatment, gas supply, transportation, and communication, etc. From the point of the trend of reform in some countries, departments like social security, urban transportation, cultural education and others play an important role in the development of society respectively with different ownership form and organization. However, an obvious trend of public utilities tends to weaken…

The Islamic Republic of Pakistan, referred to as Pakistan, means “holy land” and “halal country”. It is located in the northwestern part of the South Asian subcontinent. The land area tends to be about 800,000 square kilometers (excluding Kashmir), and the total population reaches up to 197 million. Pakistan is an Islamic country with many ethnic groups. When it comes to language, Urdu is the national language and English is the official language. In 2007-2008, the total population of Pakistan amounts to more than 159 million and the labor force population reaches up to 51.78 million, an increase of 1.45…

Among the South Asian countries, Pakistan enjoys a special status as a traditional friendly neighbor of China and an all-weather strategic partner. The China-Pakistan Economic Corridor (CPEC) is an important milestone in the history of China-Pakistan friendship and a model project among the six major economic corridors of the ‘Belt and Road’. It plays an important leading role in the integration of regional cooperation and economic integration. With the joint efforts of the builders of China and Pakistan, the Gwadar Port has become a bright pearl of the China-Pakistan Economic Corridor. Gwadar Port is located on the southwest coast…

Image source: South Asia Center Pakistan announces fiscal year budget for next fiscal year, setting an additional income target of 1.4 trillion rupees. The Pakistani cabinet decided on May 28 that it will announce its upcoming fiscal year budget on June 11 and set an additional income target of 1.4 trillion rupees. It is reported that Pakistan has recently signed a Memorandum of Understanding (MoU) on sharing legal aid with the United Kingdom to share information on assets owned by Pakistanis in the UK. Dr. Firdous Ashiq Awan, Special Assistant to the Prime Minister’s Information, said at the press…

Pakistan is a fast-growing developing country and a member of the WTO, Organization of the Islamic Conference, Group of 77, Non-Aligned Movement, Shanghai Cooperation Organization and Commonwealth. Pakistan’s economy is an emerging market in Asia. Agriculture is the pillar industry of Pakistan. Rice, wheat, sugar cane, cotton, sugar and other crops are the main income of the people. There are much natural resource such as natural gas, oil, ore, etc. However, compared with the dominant countries, Pakistan’s heavy industry development is weak. Then, what is the most reliable foreign exchange resource for Pakistan? The only one answer is home remittance.…

Image source: http://dy.163.com/v2/article/detail/ Islamic finance, because of one of the Islamic doctrines. Compared with ordinary banks, Islamic does not accept or pay interest. Until today, there are many devout toasts who are more likely to keep their money at home. Islamic finance does not pursue the maximization of interests and will focus on social interests. In the banking industry, for example, Islamic banks can provide currency exchange, and trade finance can also use Islamic bonds. However, because the doctrine prohibits interest and gambling, Islamic banks rarely engage in derivative transactions, and any doctrine must be physical. If you invest with Islamic…