Tags » Islamic Finance
Agriculture sector is the prime mover of Pakistan’s economy. It contributes 20% share to country’s total GDP, employs 42% of labor force and provides livelihood to 66% of the population. 939 more words
Rizwan Hussain is currently Managing Director of Takaful Pakistan Limited. He recently acquired majority stake in the Company. Prior to this acquisition, Rizwan has served at key positions at EFU General Insurance Limited. 776 more words
Risk sharing or risk transfer?
In Islamic finance investors make funds available to entrepreneurs on the basis of risk sharing rather than by means of contracts that confine all risks of business enterprise to the entrepreneurs. 75 more words
Phil researched and wrote three articles for the latest edition of EMEA Finance magazine looking at issues in the Middle East and eastern Europe.
In a long feature based on a major conference held in Morocco and follow-up interviews, Phil looked at the challenges posed to the North African region from high rates of unemployment, especially among the youth, and what countries and agencies can do to tackle that. 187 more words
The analysis presented here argues that the problems afflicting present-day economies arise primarily from the use of interest-based banking. Analysis shows that, in contrast to the teaching of mainstream economic theory, interest as an incentive for ensuring an efficient allocation of resources simply does not, and cannot, achieve results that are in any sense comparable to those that may be achieved when profit is used for the purpose. 55 more words