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Islamic banking: the challenges ahead

WILL our economic and financial system be able to eliminate riba (interest) by December 2027, as ordained by the Federal Shariat Court? If the past is any guide, this time…

Milk banks

FROM the 1950s onwards, it became common practice to feed formula milk to babies, even newborns. Many women considered breastfeeding to be outdated or unnecessary, or they were ill and…

Commercializing research

A study of Scopus, the world’s most comprehensive, multidisciplinary database of scholarly literature, data, and analytics reveals astonishingly positive figures about the progress made in the quality and quantum of…

Full reserve banking: Part – III

Instead of keeping cash, depositors prefer to continue storing their money in banks despite nominal associated fees, if any. This trend has been evident over the last 20-30 years in…

Full reserve banking: Part – II

An innovative economic solution to Pakistan's grave problems is the implementation of full reserve banking. The proposed system seeks to eliminate the colossal government debt burden and huge interest costs…

Full reserve banking: Part – I

Pakistan’s significant debt servicing problem can be resolved through full reserve banking, eliminating high inflation, huge government domestic government debt, and interest costs. Full reserve banking represents a transformative shift…