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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…

Islamic finance for climate

THE 27th Conference of Parties to the United Nations Framework Convention on Climate Change, or COP 27, took place in Sharm El Sheikh, Egypt, last month. Against the backdrop of…

Sustainability and Islamic finance

The unique characteristic of Medina Economics is the fact that almost all the building blocks of the Islamic economic system were completed in the lifetime of the Prophet Muhammad (PBUH)…

Islamic banking

Pakistan's economy has been experiencing pressure since past few years. The country's current account deficit swelled by 43% to highest-ever level of $18 billion in the fiscal year ended June…

The Economy Of Terror Financing

The Economy Of Terror Financing

The ever-expanding size of the black economy, which is said to have outpaced the sluggish growth of our white economy by a significant margin, serves as the safest and securest…

Promoting Islamic Finance

Promoting Islamic finance

The government recently formed a high-powered committee to examine the current state of Islamic finance and suggest measures for future development. The share of Islamic banks, introduced in Pakistan in…