A Voice of the Unheard Saturday, September 5, 2026
Overview: In business, presence of risk cannot be avoided, but it can be transferred to other parties. Conventional derivatives are not in harmony with Shariah rules, but the use of them is not acceptable in the Islamic environment. The means of dealing with financial risks are called derivatives. There are three basic types of derivatives: Forwards...
The first appeal challenges many judicial laws which were related to financial system of the country in Dec 1990. Only 119 Cases were focused by Federal Shariah Court FSC and the day of hearing came on 24th October 1994. On 14th November 1991, FSC gave a final decision on Riba and Banking system.This judgement recovered...
Mission Statement:- Mission statement is a statement of purpose of a company and its reason for existing. Example:- Apple designs Macs, the best personal computers in the world, along with OX-OS X, i-Life and i-work and professional software. Vision Statement:- Vision statement describes the organization as it would appear in a future successful state. Example:-...
Islamic finance is developing at a remarkable pace and the number of Islamic financial institutions has raised from one to 300 in 75+ countries. Total assets are estimated to exceed $250 billion at a growth of 15% a year. Islamic financial institutions provide broad range of financial services like: Fund mobilization Assets allocation Payment and...
The main features and comparison of Monetary Policy of September 2014 and November 2014 are given and described as under: Inflation: Inflationary pressures stabilized over the fourth quarter with inflation falling to 5.8 % in November 2014 from 7.8 % in September 2014. The decline in inflation was due to: Smooth food supplies Price of...
Abstract: Over the past few decades it has been identified that there is relationship between environmental quality (for example: sulfur dioxide SO2 and Carbon dioxide CO2 emissions) economic growth and energy consumption. This literature can be classified into three categories. All three categories show some relationship between different variables. This study shows that rise in...
Musharika – The word Musharika is derived from an Arabic word which means sharing. It is a contract between two parties which is based on profit and loss sharing. These contracts are based on the Quran, and the Sunnah of the Prophet Muhammad (SAW) and the consensus of Muslim jurists. In Quran, it is said...