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...
Category: Opinion
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Comparison and highlights of the main features of Monetary Policy of Sept 2014 and Nov 2014
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...
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Impact of Trade Openness and Energy Consumption on Environment Quality: Panel Data Analysis of Selected South Asian Countries
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...
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Market Report 2014: Rollercoaster year comes to stable close
For Pakistan’s property market, 2014 was not as great a year as its predecessor. Property prices around the country had seen their first true boom in many decades in 2013, and many had expected 2014 to offer the same sort of returns. This was not the case, however, as per Zameen.com’s statistics, the year 2014...
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Cruel Reality Behind The Tragic Badami Bagh Incident
All over Pakistan, everyone seems to be talking about the very recent inimical inhuman violence incident taking place in Lahore amid allegations of yet another blasphemy attempt. The accused, Sawan Masih is already in police custody but things have not gone back to normal yet. Following is the ‘Initial Report’ on the tragic Joseph Colony...
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Nationalism or Racialism – Democracy
Democracy’s definition is for the people and by the people. Every one comes to lunatic point to see current system of democracy after long run struggle, suffering, and persecution. The country is still in uncertainty even under terror of extremists, kidnappers and robbers to steal peace of families, children and women where nobody is safe....
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Overview of Musharika and Murabaha – Modes of Financing
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...
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The ‘Hamsafar’ fever!
Every Saturday people of all ages, belonging from different ethnic groups, believing in different ideologies of love and hatred alike, wait for the drama serial ‘Humsafar’ at hum TV. One wonders why everyone has gotten this ‘Hamsafar’ fever. Why at every university, college, and school majority of the students are abuzz about Khirad and Ashar...
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Growing Inflation and its Social Implications
In Pakistan, we often see people talking about a change, a revolution and a miracle. But, have we ever thought about the beggar lady who spends the day on the pavement trying to gather money for a glass of milk for her infant but fails doing so when the day ends? Have we ever thought...
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Exposing Lies, Telling the Truth
I have just read Andre Vltchek’s new book ‘Exposing Lies of the Empire‘. Let me tell you something about this book of 800 pages. Vltchek writes with passion and poetry, describing the true horror experienced by the world at large, living at the gunpoint of the imperial powers, while also describing and drawing you into a...