Salman Ahmed Shaikh's Blog, page 22

Sustainable Development Goals in Post COVID-19 World Economy

It is important that debt relief and debt concessions are afforded to them so that their fiscal bleeding does not compromise work and progress on SDGs. As focus shifts to growth to regenerate employment for those who lost employment after the emergence of COVID-19, it is pertinent to not lose focus of SDGs.

Implication of Greed in Resource Conservation

Money supply can be increased out of thin air, but the non-renewable resources once exhausted cannot be brought back. Remarkably, the importance of ecology is not learnt even after repeated unsuccessful expeditions in space to search life supporting environment. An illuminating, enlightening and informative book cannot be valued just by measuring the cost of pages, printing and binding.

Need for a New Economic Framework

There is need for an economic framework that brings moderation, responsibility, conservation, dignity of life, empathy, sharing, equitable distribution and justice in society.

Using Rental Index in Fixed Assets Finance

In lease based contracts, such as Ijarah and Diminishing Musharakah, the rental indices can capture the true essence of pricing as per the nature of transaction. 

مرکزی بینک کی خودمختاری: موجود مواقف کا تجزیہ

اس مختصر مضمون میں ایک آزاد مرکزی بینک کے حق میں اور خلاف میں دلائل پیش کرنے کی کوشش کی گئی ہے تاکہ لوگ اس مسئلے کے بارے میں باخبر رائے قائم کر سکیں۔

Output Price Index as a Pricing Alternative in Islamic Finance

Repo transactions are not compliant with Islamic principles due to the buyback nature of transaction plus the use of interest based securities as underlying assets. However, in commercial contracts where Islamic banks would like to earn return, there is need for a pricing benchmark to mitigate risk as well as ensure transparency in the contract.

IPS, IEP Ink MoU to Bolster Research on Islamic Economics and Finance

IPS signed a Memorandum of Understanding (MoU) on December 27, 2021 with Islamic Economics Project (IEP). MoU will facilitate both organizations to collaborate in holding and promoting joint online and on-ground events, details of which will be covered and reported on the websites of both organizations as well as in Moral Reflections on Economics – a monthly online publication of IEP.

Spiritual Reflections from Rumi

Prepare to Meet the One, the Only One We will return to the One, to the Only One. Every moment, we come close to death and to meet the One, the Only […]

Marx, Labor Rights and Reform in Capitalism

Ever since the critique of Marx on capitalism, a lot of reforms have taken place in the practice of capitalism. These measures include i) fixing working hours, 2) avoiding discriminatory practices, 3) […]

Serving Needs through Markets

If an economy has 10 million people, then should the food be produced and distributed to the markets for all 10 million people? Most people would answer yes. It is because food […]