Tag Archives: Shariah

Islamic banking, like any other banking system, is an evolving system worldwide. Since the inception of conventional banking system; work on the concept of Shariah compliant Islamic banking system was also started. A number of financial instruments are available in …

On 11th September, 1948, Quaid-e-Azam Muhammad Ali Jinnah left us at the age of 71. He was an exceptional lawyer, a remarkable statesman and a one of a kind leader of his people. His life, vision and achievements continue to …

The year 2019 has been good for the Takaful in Pakistan. This is evident from the performance of the Takaful Industry. The annual gross contribution of the Takaful Industry has risen to Rs.10.98 billion in 2019 registering an increase of …

Faysal Bank Limited is a leading Financial Institution in Pakistan with a legacy of service and innovation which spans over three decades. The Bank is engaged in Retail, Corporate and Commercial banking activities and over the past few years has …

Introduction Poverty has occupied foremost place on human development agendas of almost all countries of the world as its prevalence dates back to the existence of human being. The Islamic banks and the Islamic windows of conventional banks pursue robust …

In compliance of constitutional requirement, that limitation of Riba will be state policy of Pakistan, It has been ambitious program of all succeeding governments since late seventies to Islamise all banking transaction to get rid of Riba from the economy …

There are different barriers to financial inclusion, one of these is the voluntary exclusion due to religious reasons and the other is the high cost of interest charged to small borrowers. Islamic banking seems to offer reasonable solution to these …

Islamic finance can find rich social grounds for its growth and expansion in Pakistan and as this sector dominate Shariah-compliant services needed to be diversified. Noncompliance of Islamic law can result in withdrawal of funds from an Islamic bank. Hence, …

Power Holding Limited (PHL), a public sector entity fully owned by the Ministry of Energy, is issuing a debt instrument to address the liquidity constraints being faced by Pakistan’s power sector. This is the first ever debt issuance through book …

Akhuwat Foundation is a non-profit company established in 2001 and registered with SECP. Akhuwat aims to alleviate poverty by creating a bond of solidarity between the affluent and the marginalized. Their goal is to develop and sustain a social system …

The economic experts of Pakistan stated that Pakistani economy presently faces challenges similar to other developing countries in the world. The economy, stock market and rupee were getting stronger before coronavirus and as soon as Pakistan overcomes this pandemic, the …

Across the globe, COVID-19 pandemic has created disruption and uncertainty for the common man and business community. BankIslami Pakistan Limited being a responsible institution in the banking sector, to inhibit the impact of this pandemic situation, took a number of …