ISLAMIC BANKING INSTITUTIONS URGED TO INCREASE THEIR OUTREACH

  ISLAMIC BANKING INSTITUTIONS URGED TO INCREASE THEIR OUTREACH Yaseen Anwar, Deputy Governor State Bank of Pakistan, on Wednesday urged the Islamic banking institutions to increase their outreach so as to enhance their activity and market share in the banking industry. Speaking at the concluding session of a three-day workshop, jointly organised by

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The Islamic Economic ‘Bailout’ Plan

  The Islamic Economic 'Bailout' Plan The Islamic Economic System as an alternative Allah سبحانه وتعالى says: كُنْتُمْ خَيْرَ أُمَّةٍ أُخْرِجَتْ لِلنَّاسِ تَأْمُرُونَ بِالْمَعْرُوفِ وَتَنْهَوْنَ عَنِ الْمُنْكَرِ وَتُؤْمِنُونَ بِاللَّهِ “You are the best of the nation raised up for mankind because you enjoin what is right and forbid the wrong and believe in Allah” [Al-Imran

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Chicken, adultery, and other bad “Islamic finance” analogies

Chicken, adultery, and other bad "Islamic finance " analogies The pietist view of Islamic finance is often defended based on bad analogies. A version of the first analogy was heard repeatedly at the Harvard Islamic Finance Forum, following a National Bank of Pakistan assertion that beef burgers at McDonald's in Karachi taste

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