Salman Ahmed Shaikh's Blog, page 23

History of Islamic Banking in Pakistan

Islamic banking is growing very fast, especially after the global financial crisis in 2008. There is need for more awareness and regulatory support to promote Islamic banking so as to comply with constitution of Pakistan, which clearly urged for eliminating Riba as soon as possible.

Risk Sharing versus Risk Shifting in Islamic Banks

This paper aims to see which modes of financing are majorly employed by Islamic banks while providing finance to the clients. The empirical analysis shows that by and large Islamic banks use risk-shifting contracts. The use of risk-sharing based contracts is quite minimal.

Monetary Policy for the Real Economic Sector in Muslim Majority Countries: A Transitional Solution

The paper discusses reforms in monetary policy to reorient it towards serving the needs of real economy. It focuses on reforms that can be introduced in the transitional phase since reconceptualising the whole monetary system with a reformed outlook on nature of currency, mode of currency issue, money creation and credit creation would take much longer time and requires greater political will.

Cash Waqf Model for Microenterprises’ Human Capital Development

Cash Waqf has a unique feature of flexibility in allocation of economic resources for their use in redistribution efforts, in terms of cash transfers, asset transfers, skills transfer through education and productivity transfers through health services.

کائنات، کورونا وائرس اور انسان

یہ مختصر کتاب قارئین کو مدعو کرتی ہے کہ وہ مل کر سائنس، فلسفہ اور روحانیت کے تناظر میں وجودیت کے حوالے سے سوالات کے جوابات تلاش کریں۔کتاب کا طرزتحریر محققانہ ہے۔ مصنف اپنے نقطہ نظر کو مدلل انداز میں بیان کرتے ہیں جو دلکش، بصیرت انگیز اور قائل کرنے والا ہے۔یہ کتاب روحانی اور عقیدے پر مبنی نقطہ نظر کے بارے میں ایک لائق تحسین کاوش ہے۔

Islamic Alternatives to the Secular Morality Embedded in Modern Economics

This paper presents the ideas of transformative school in Islamic economics. Transformative school of thought in the methodology of Islamic economics is not that much interested in descriptive studies and improving the predictive capability of models to analyze market outcomes and to design policies accordingly. It believes in the transformation of choices through education.

Towards a Pristine Islamic Finance: Preconditions

This paper discusses the preconditions for the development of a pure form of Islamic finance that is Shari’ah based as well as fulfilling the higher goals of Islamic teachings, i.e. Maqasid-e-Shari’ah.

Bibliometric Analysis of Research on Waqf

In this paper, the author had attempted to provide a systematic literature review on Waqf using two prominent research databases, i.e. Scopus and Web of Science. The author, in final analysis, analyzed 257 research documents.

Islamic Banking System: Bloom’s Taxonomy and Stakeholders’ Responsibilities

It is important that in critical evaluation of Islamic banking and finance, both the perspective (economics or Shari’ah) must be clearly acknowledged and for evaluation from the Shari’ah perspective, the knowledge and comprehension gap is filled too for better mutual understanding and resolution of conflicting viewpoints.

The Economic Reality of Islamic Banks’ Transactions: A Qualitative Inquiry

This research paper examines the need for distinct accounting standards for Islamic finance. It collects primary data through interviews of respondents who are affiliated with a bank. It provides analysis in the light of this statement by International Accounting Standards Board “In assessing whether an item meets the definition of an asset, liability or equity, attention needs to be given to its underlying substance and economic reality and not merely its legal form”.