Islamic Finance

The characteristics of household savings in rural Pakistan are discussed, with particular emphasis on the means, and the factors that affect household saving in general. Various methods of saving, both independent and cooperative, are practiced, with saving in kind generally being the most popular mode. Various economic and institutional factors affect these savings; lack of access to information on the markets increases the importance of such household savings.

The author's work concentrates on the Islamic outlook on freedom of conscience, eqality of all humans, and a society marked by mutual responsibility, and how these principles affect social justice. Dealt with is the issue of whether there is sufficient room in Islamic law to adapt to altering social needs. The presence of equity and justice within such a legal system is examined. Pre-Islamic Arabia is discussed as well. The author's discussion turns to personal freedom. Family life is looked at. The banning of usury and dictates that lead to equitable wealth distribution are discussed.