Islamic finance looks to outgrow bad habits as it expands
After a year of landmark deals which are opening new markets for Islamic finance, the industry is under fresh pressure to address some of its shortcomings and prove that it…
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…
Burj Bank – The small Islamic bank attracting attention
The year 2013 proved to be a challenging year for Burj Bank Limited. The discount rate environment, with a 250 bps drop during CY2012, had reduced spreads for the entire…
Islamic banking nears its big breakthrough in Africa
Islamic banking has grown rapidly around the world but the industry remains in its infancy in Africa. However, that might be set to change. There was a noticeable buzz at…
Democratisation of capital – PTI’s Islamic finance policy
"The adoption of Western economic theory and practice will not help us in achieving our goal of creating a happy and contended people. We must work our destiny in our…
Green Sukuk
The Ministry of Finance recently issued Pakistan’s first Green Sukuk, valued at Rs30 billion, under the Sustainable Investment Sukuk Framework, marking a turning point in Pakistan’s sustainable finance journey. Announced…
Adoption of Shariah-compliant instruments in construction industry of Pakistan
The Construction industry plays a vital role in uplifting and developing economic structure of a country. In Pakistan, construction industry is 2nd largest industry that promotes expansion of infrastructure activities,…
FATF and global Politics
Rarely does China express its opinions on global politics vocally. But in the case of politicization of FATF, it has minced no words. It strongly expressed its indignation over the…
Diminishing musharika
Conceptually, Islamic Banking broadly connotes as a banking which is in consonance with the ethos and value system of Islam and is being governed by the principles of Islamic Shariah…
Playing the game with your skin in it
Who should you let decide your future and wellbeing? Clearly not someone who does not share the stakes in the outcome. Nassim Nicholas Taleeb, a contemporary author who himself spent…
