SDGs and Islamic Finance on November 6, 2019Achieving Sustainable Development Goals (SDGs) is a common global development agenda that requires the active participation of multi-stakeholders to realise the goals by 2030, at national and international landscape. The SDGs are designed through an extensive consultative and comprehensive process that covers all countries-unlike the MDGs that were only designed for developing countries-with political will […]
The need for Islamic finance education on June 9, 2019Islamic finance is an emerging industry globally, attracting the attention of non-Muslims and non-Muslim countries as a potential substitute for conventional financing. It has dual attraction for customers and depositors. First, it provides Sharia-compliant financial solutions to both customers and depositors. Second, it ensures at least as much material benefits as provided by conventional financial […]
Financial inclusion and Zakat on April 26, 2019Financial inclusion is getting increasingly popular across the globe as a development policy agenda, particularly among the developing countries. Programmes for increasing financial inclusion are gaining momentum by the day. The concept gained early currency in early 2000s. It is now getting support from global development agencies as a priority development agenda because it helps […]
Job growth and employability under CPEC on August 28, 2017The China Pakistan Economic Corridor (CPEC) has provided ample opportunities to take benefit of economic activities which are taking place across Pakistan. Apart from many avenues and opportunities, Pakistan can benefit from its abundant supply of cheap labour, which is a competitive advantage of the country. This can help Pakistan to reduce its current unemployment […]
Does microcredit reduce poverty? on June 20, 2017The idea of microcredit as a ‘magical solution to poverty’ got momentum after the United Nations declared 2005 as the year of microfinance, and particularly when the Nobel Peace Prize was jointly awarded to Dr Muhammad Yunus and his Grameen Bank. Microfinance institutions innately started with double bottom line objectives — this is, they sought […]
Islamic concept of poverty and zakat on June 4, 2017Poverty is unwelcomed in all economic systems, including the economic system of Islam. It is a major reasons for many socioeconomic evils. Like other developing economies, Pakistan is also suffering from poverty and income inequality. Ministry of Planning, Development and Reforms revised national poverty line last year from one determined based on a calories-intake approach […]
CPECs lesser known impacts on May 22, 2017The China Pakistan Economic Corridor (CPEC) is not just a hot topic in print and electronic media but the term CPEC has also become a buzzword among the masses. However, the question is how to maximise benefits from the corridor and minimise negative externalities for Pakistan. Mere desire or wish to achieve something is not […]