The realm of Islamic banking and finance, which globally has surpassed the US$4 trillion mark and has exceeded Rs 8.5 trillion in assets in Pakistan as of December 2023, operates on principles rooted in Islamic commercial law. Renowned for its ethical framework and adherence to Islamic principles, Islamic finance has garnered substantial attention in recent times. Particularly for women entrepreneurs, who contribute significantly to economic advancement, Islamic finance presents an avenue rich with Shariah-compliant financing and investment prospects. Pakistan, akin to many other nations, has witnessed a surge in women entrepreneurs in recent years. Yet, these entrepreneurs encounter various hurdles,…
Author: Ahmed Ali Siddique
CPEC and its importance China-Pakistan Economic Corridor, or CPEC, is an initiative that has potential to take Pakistan’s economy to a significantly higher stage of development and bring unparalleled benefits to both Pakistan and China. This initiative is part of the One Belt One Road (OBOR) project that envisions connectivity between and within Asia and Europe while covering nearly 62 countries, and aims at addressing the infrastructure gap that has kept this vast region below its potential. AHMED ALI SIDDIQUI (Director, IBA Centre for Excellence in Islamic Finance) CPEC is a collection of infrastructure projects that are underway across…