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Growing Islamic finance industry amid challenges

  Pakistan is a major contributor towards the growth and development of Islamic finance industry. After global financial meltdown in 2008, the ability of Islamic finance to introduce greater discipline into the financial system owing to its inherent strengths indicates this system is a viable option to avert financial crises. Islamic banking is a growing reality, which has transcended outside the traditional borders of Muslim countries into western economies. At …

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Islamic banks playing prime role in extending house finance

  Pakistan’s housing crisis is well known reality as the country requires about ten million homes. Migration from rural areas to urban areas has resulted in an urban growth, which has been about three times faster. Pakistan’s urban population stands at 75 million or 39 percent of total population while experts believe that it will (population) rise to 114 million by 2025. The lack of funding is the biggest obstacle …

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Islamic microfinance: An emerging market niche

  Islamic microfinance represents the confluence of two rapidly growing industries: microfinance and Islamic finance. It has the potential to not only respond to unmet demand but also to combine the Islamic social principle of caring for the less fortunate with microfinance’s power to provide financial access to the poor. Unlocking this potential could be the key to providing financial access to millions of Muslim poor who currently reject microfinance …

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Best Islamic car financing facilities in Pakistan

  Islamic car financing has been fully introduced by the banks and financing companies all over the country. Here are some of the most prominent Islamic car financing banks, which are providing services to the customers under the terms and conditions of Islamic loan system. Meezan Bank Meezan Bank, Pakistan’s first and largest Islamic bank has been awarded the ‘Most Popular Bank’ in Pakistan’s Islamic auto financing sector in the …

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High quality bankers can help promote Islamic finance

  Islamic banking has been growing fast to capture 20pc share in the overall banking industry by 2020: Experts Asia is expected to be the key driver in advancing the growth of the Islamic finance industry. Pakistan is among potential leaders of Islamic finance with huge Muslim population of over 180 million. Although, Islamic banking in Pakistan is growing but there is still a lack of Islamic banking professional. There …

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Best performing market in Asia

  The South Asian nation, mostly in the news for terrorism and political violence, has beaten major Asian economies this year in stock market performance and for which Pakistan stock market recorded a feat. Pakistan is the best performing market in Asia this year with the KSE-100 Index soaring 23.5 percent followed by Vietnam and Indonesia with returns of 18 percent and 16.8 percent, respectively, while India’s Sensex Index has …

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Role of Pakistan stock exchange in economic development

  The role of stock exchange market is to raise long-term funds for corporation (primary market) while providing the trading platform for the trading securities (secondary market). Stock exchange markets encourage investment through provision of a lot of resources. This enables the cooperation to attain a lot of funds for their business expansion. Primary market carries the initial offerings of the stocks and bonds to investors by definition. The secondary …

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Karachi index — Asia’s best stocks market, regaining ‘tiger’ status

  Historically, the Pakistan Stock Exchange (KSE-100) reached an all-time high of 41,464 in October of 2016 and a record low of 538.89 in June of 1990. In spite of deteriorating political condition and low levels of foreign investment and slow growth and underdevelopment. Pakistan has succeeded in attracting very positive reviews between January and July 2016 from numerous Western media houses, the World Bank and the globally-acclaimed credit rating …

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Setting up a PSX branch in Gwadar and Quetta helps grow corporate culture

  The capital market provides the people with the investment opportunities and the companies to raise funds for expansion and development for further investments. Though the government has an important role to play in shaping the legal, institutional and business environment but major responsibility rests with the corporate sector to achieve a higher level of corporate governance. The high standards of corporate integrity and excellence are of key importance for …

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Role of CEIF in the growth of Islamic finance industry

  Centre for Excellence in Islamic Finance (CEIF) has been established at IBA (Institute of Business Administration), Karachi with the objective of providing a platform for discovery, enhancement and dissemination of knowledge in the field of Islamic Finance. It aims to be a world class Centre which, through education and research. It carries on IBA’s legacy of thought leadership in the Islamic Finance industry. Globally, Islamic Banking assets have witnessed …

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