Salman Ahmed Shaikh's Blog, page 9

Economy of Companions of Prophet Muhammad (Pbuh)

Trade was liked by the Prophet صلى الله عليه وسلم, because it was a means of livelihood based on morality and honesty. He صلى الله عليه وسلم himself was famous in trade and Hazrat Uthman Ghani and Hazrat Abd al-Rahman bin Awf among the Companions (may Allah be pleased with them) were known as useful traders. Hazrat Abd al-Rahman bin Awf remained engaged in trade even after his migration to Medina and achieved great commercial success with his God-given abilities. Hazrat Uthman‟s trading business was so large that his income made him a model of great generosity and he spent his wealth for society.

Significance of Recycling for Environmental Sustainability

Approximately 1.3 billion tons of Municipal Solid Waste (MSW) are generated globally every year and are expected to increase to approximately 2.2 billion tons per year by 2025. In fact, the amount of waste produced per person per day also depends on the economic status of the community concerned. The rates of MSW growth are fastest in Arabian countries and the Middle East.

Proposing Circular Economy for Enhancing the e-Waste Recycling in Turkiye

Authors argue that Turkiye lacks the efficiency, proper planning, and adequate law related to e-waste management. The legal regulations related to WEEE management are stale and undeveloped while recycling in Turkiye is underdeveloped.

Zakat and Problem of Tamleek

This short book discusses an important issue of ownership in Zakat transfer. In traditional scholarship, it is considered a necessary condition that ownership per se must be transferred from the Zakat payer to the Zakat receiver for Zakat to be considered as paid. The argument for this viewpoint is that alphabet ‘Laam’ comes before the name of the recipient and one implication of this use of ‘Laam’ is ownership.

Key Highlights of World Investment Report 2024

The global environment for international investment will remain challenging in 2024. Weakening growth prospects, economic fracturing trends, trade, geopolitical tensions, industrial policies, and supply chain diversification are reshaping FDI patterns, causing some multinational enterprises (MNEs) to adopt a cautious approach to overseas expansion. However, MNE profit levels remain high, financing conditions are easing, and increased Greenfield project announcements will positively affect FDI.

Miracles, Law of Nature, and Quran

If we delve deeper to find distinction between the laws of nature and miracles, then actually there is only one difference. The events in natural law happen regularly and the events in miracles happen sometimes. There is not much difference in the actual reality of the events in both of them, but there is a difference in the number of occurrences.

Mainstream Economics’ War with the Environment: Counter-Critiques from Heterodox Economics and Islamic Economics

According to the World Health Organization, air pollution is now the world’s largest single environmental health risk. Air pollution is responsible for approximately 3.7 million deaths a year. Going forward, cities will generate approximately 2.2 billion tones of solid waste per year by 2025 which could poison soil and waterways, kill plants, and harm humans and animals.

Key Highlights of Global Corporate Sustainability Report 2024

Globally, among the 2,957 sustainability reports subject to an independent assurance, 1,668 (56%) were partially or fully verified under limited assurance, while 405 (14%) were partially or fully verified under reasonable assurance. Globally, 70% of the companies by market capitalization disclosed a GHG emission reduction target and nearly half of them set 2030 as the target year.

Inflationary Burden of Taxes

Despite huge burden of taxes in this budget, 75% of all tax revenues will just go in paying interest on and instalments of previous debt. Last year, government spent around Rs 400 billion in PSDP. Spending every year in PSDP falls short of announcement. This Rs 400 billion is less than even 5% of what we will pay in debt servicing and less than 20% of what we will spend in defense.

پاکستان آزادی کے بعد: کیا کھویا کیا پایا

آج پاکستان میں ہم یوم آزادی پھرمنا رہے ہیں۔ معیشت میں ہم نے جی ڈی پی کے ساتھ ساتھ فی کس آمدنی میں بھی معقول اوسط نمو حاصل کی ہے۔ لیکن، ہمارا انفراسٹرکچر اور گورننس کمزور، پرانا اور آبادی میں اضافے کے مقابلے میں قابل اطمینان سطح پر نہیں ہے۔