Master of Science in Islamic Finance

The Interlinkage between Social Exclusion and Financial Inclusion: Evidence from Pakistan [IRTI Policy Paper Series, PP/2018/01]

Submitted by siteadmin on Wed, 10/14/2020 - 10:09

Using the data from Pakistan Panel Household Survey (2010), this paper assesses the role of financial inclusion in reducing social exclusion. The findings from regression analysis confirm a statistically significant negative impact of financial inclusion on social exclusion including deep [multidimensional] social exclusion. Deep exclusion for population having financial inclusion drops to 34.8% from 81% otherwise. Most importantly, none of the women was found having deep social exclusion if she has access to financial services.

Practical Means of Integrating Zakat and Waqf into the Poverty Reduction Agenda of OIC Member Countries

Submitted by siteadmin on Wed, 10/14/2020 - 10:04

The prevalence of widespread poverty is one of the most serious challenges confronting the world today. The intensity of the problem in developing countries, mostly OIC member countries (MCs), is more severe. The developed nations of the world have succeeded overtime to provide social protection to their masses by launching a variety of welfare programs. Unfortunately, similar social security measures either do not exist or do not work efficiently in the developing countries.

Awqaf and its Importance in a Modern Economic System

Submitted by siteadmin on Wed, 10/14/2020 - 09:58

The paper traced the essential functions and role of awqaf that it played in the past and still providing socio-economic services for the society. The paper provides explicitly the experiences of a few organizations, which play a significant role in this direction and made some recommendations for the improvement of the sector in the present circumstances.

Social Tax and Transfers for Poverty Alleviation: A Case for Low and Middle Income Countries

Submitted by siteadmin on Wed, 10/14/2020 - 09:49

The world has made notable progress in achieving the Millennium Development Goal (MDG) of halving the rate of extreme poverty (from 43 per cent in 1990 to about 17 per cent in 2011) before 2015. Nevertheless, about 1 billion people are still under the poverty line. Despite the progress at the global level, poverty prevails with different intensity in different parts of the world.

Fiscal Decentralization and Citizen’s Satisfaction from Local Public Service Delivery in Pakistan

Submitted by siteadmin on Wed, 10/14/2020 - 09:37

The main purpose of this study is to evaluate the performance of local governments in Pakistan through citizen’s satisfaction with local public service delivery in the context of the 2001 devolution plan. The devolution policy variable is found to be statistically significant, indicating that people’s satisfaction level declined significantly when the devolution plan was rolled back. The impact of demographic and socio-economic variables on citizen satisfaction with local government is also found to be statistically significant in a majority of cases.

Determinants of Inclusive Growth in Islamic Countries

Submitted by siteadmin on Mon, 10/12/2020 - 10:25

Inclusive growth creates equal opportunities for those who contribute to economic growth, so that the whole people could contribute to economic growth and benefit from it. In this research, we applied Anand et al. integrated method and social mobility index to measure inclusive growth. The integrated method allows us to identify the determinants of growth and prioritize the specific constraints of each country in generating inclusive growth. We utilized unbalanced panel data method for the period 1995-2015.