It is commonly observed that the current methodology of product development in Islamic finance has failed to reflect the productive nature of Islamic economics. This is evidenced by a number of current products being substantially indistinguishable from their conventional counterparts according to the commonly-held views.
| Health, food, wealth, and security as drivers of human wellbeing and foundations of the modern society are built on and nourished by natural capital estimated at US$125 trillion a year. This natural capital constitutes the services involved in many economic activities provided by nature (WWF, 2018). |
| The production and consumption of electronic/electrical devices are rapidly increasing and generating social, economic, cultural, and scientific benefits globally. However, this leads to an increase in the amounts of disposal, obsolete, defected, or broken devices. Electronic Waste (E-Waste) stream is growing very fast in the world, and it contains hazardous chemicals materials, which if not appropriately managed will negatively affect human health and the environment (Zhao, et al, 2019). |
An attempt has been made to quantify the targeting of the microfinance and its economic impact on the borrowers. The study has employed the Difference of the Difference Approach to find the net effect of microfinance by employing data collected by Pakistan Poverty Alleviation Fund. The study found that about 30 percent of the borrowers were poor, while 70 percent of the borrowers were non-poor. The impact on the poverty status was found to be marginal. The income of the poor borrowers hardly could grow by 2 percent during the study period.
Developing countries have been facing a number of challenges including poverty. Pakistan is one of the developing countries that is home to a large number of poor, constituting about one-third of its population. The state has been introducing different poverty reduction programs from time to time during the last six decades. These include integrated rural development to transfer payments such as
Although the Organization for Islamic Cooperation (OIC) was not established with the explicit purpose of providing aid to the world’s underprivileged, its founders were motivated, at least in part, by a wish to impersonate and enhance “Islamic solidarity” in the face of widespread poverty in Muslimmajority countries (İhsanoğlu 2010:3). Diverse OIC institutions emerged, including the Islamic Development Bank (1975), the Islamic Solidarity Fund (1974), and the Islamic Centre for Development of Trade (1981), dealing with both humanitarian and developmental concerns (Kayaoglu 2015:17).
Embeddedness and local cultures and contexts are key in the development of entrepreneurship. Embeddedness is cultural, territorial and networked. All these aspects have to appropriately translate into entrepreneurship education, training and curricula. Entrepreneurs must be able to understand and translate values and culture, as well as the knowledge of their territories, into their work and practices. After a literature review, this chapter showcases these principles through the example of