Islamic Finance

Given the phenomenal increase in Islamic banking activities globally, it is important that there exists good governance practices of Islamic financial institutions (IFIs). This is primarily to ensure its sustainability in the long run. More importantly, in order for Islamic banks to play an optimum role in the development of Islamic countries, it is pertinent to develop regulatory structures to control fraud, exploitation, and un-Islamic behaviour.

The present study was conducted to investigate the impact of the Cooperative (Islamic) Microfinance program on the standard of life of the poor and marginalized segments in the areas under study. Islamic microfinance program of Islamic Relief-Pakistan was taken as a model of cooperative microfinance. Primary, cross sectional data about 400 respondents (300 clients and 100 non-clients) has been collected through a detailed questionnaire, from the urban slums of Rawalpindi i-e Naseerabad , Qasimabad and Dhok Mustaqim.

The issue on compliance behavior of business

Basel II Capital Adequacy framework for banks aims at building a solid foundation of prudent capital regulation, supervision, market discipline, along with enhancing risk management and financial stability. However, as per the views of some practitioners and scholars it does not appropriately address the concepts used in Islamic finance (IFSB and IRTI).

Takaful and Insurance benefits protection scheme is a new innovative product introduced by PIDM to provide

Hundreds of verses of the Quran deal with the spending of money, trade, social class, charity and other forms of economic transactions. While ideals and debates about the role of Islamic economics in the development process abound, this paper presents a case study of the role of Islamic economic practices in the development process in Egypt. Islamic economic practices are diverse and have distinct roles to play in society when aligned with requisite institutions.